#OrderTypes101 OrderType101" is a term used on Binance to describe the fundamental knowledge of order types in cryptocurrency trading. It's essentially a beginner's guide to understanding how to place orders, including market, limit, stop-limit, and OCO (One Cancels the Other) orders.

Elaboration:

Market Order:

This type of order is executed immediately at the current market price.

Limit Order:

This order specifies a price at which you're willing to buy or sell, and it will only be executed if the market price reaches that level.

Stop-Limit Order:

This order combines a stop price (where the order is triggered) and a limit price (where the order is executed).

OCO (One Cancels the Other):

This order combines a limit order and a stop-limit order, with one order canceling the other if it's triggered.

Other Order Types:

Besides the ones mentioned above, there are also other order types like trailing stop and various options available for more advanced trading strategies.