#OrderTypes101

Binance offers various order types to suit different trading strategies. The market order executes instantly at the best available price. A limit order lets users set a specific price to buy or sell, executing only when that price is reached. Stop-limit orders combine a stop price (trigger) and a limit price, providing control during volatile markets. OCO (One-Cancels-the-Other) orders link a stop-limit and a limit order, where triggering one cancels the other. Trailing stop orders follow market trends by adjusting the stop price as the market moves. These tools help manage risk, lock in profits, and automate trading strategies effectively.