#OrderTypes101
Understanding the types of orders is essential for trading smarter on Binance. Each type of order has a unique purpose and helps you manage your trades.
✅ Market Order – This is executed instantly at the current market price. It’s fast but may have price slippage.
🕒 Limit Order – Set your desired price and the order is executed only when the market reaches it. Great for better control.
⏳ Stop-Limit Order – Set a stop price to trigger a limit order. It’s useful for minimizing losses or securing profits.
💡 Using the right type of order at the right time can help improve your trading efficiency and risk management. Start with small trades and learn how each works in real time.