#OrderTypes101
๐ฏ Order Types 101: Mastering the Art of the Trade ๐ง
New to trading on #Binance? Donโt just โbuy low, sell highโ โ learn how to place the right type of order at the right time.
Hereโs your quick-start guide:
๐ต Market Order
โ Instantly buys/sells at the best available price.
โ Fast, but watch out for slippage!
๐ก Limit Order
โ You set the price โ order only executes when the market hits it.
โ Great for control and precision.
๐ Stop-Limit Order
โ Combines stop & limit prices. Used to protect gains or cut losses.
โ Think of it as a crypto seatbelt. ๐
๐ด OCO (One Cancels the Other)
โ Place a take-profit and stop-loss at once. When one triggers, the other cancels.
โ Smart traders use this to automate exits.
Knowing your order types = trading with confidence. ๐
Donโt just trade โ trade smart.
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