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#OrderTypes101 1. Market Order Description: Buys or sells immediately at the current market price. Best for: Speed over precision. Thoughts: Ideal for beginners or for getting in/out quickly. However, it may lead to slippage during high volatility. 2. Limit Order Description: Executes only at a specified price or better. Best for: Traders who want control over price. Thoughts: Good for planned entries/exits. Might not fill if the market doesn’t reach your price, so patience is key. ✅ Final Thoughts On Binance, using the right order type is essential to trading effectively. Beginners should start with market and limit orders, while experienced traders can leverage OCOs, trailing stops, and stop-limit strategies for better trade management.

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