🔰 #OrderTypes101 What types of orders are there on Binance and how to use them?

Trading in the cryptocurrency market is not just about buying low and selling high. It's important to know which order to use to enter or exit a position on time. Let's go over the basics 👇

🟢 1. Market Order

Executed instantly at the current market price.

🔹 When to use: When speed is more important than price.

🟡 2. Limit Order

You set the buying or selling price yourself.

🔹 When to use: If you want to buy lower or sell higher than the market.

🔴 3. Stop-Loss Order

Protection against losses. The order triggers if the price reaches a specified level.

🔹 When to use: To automatically exit a position when the price falls.

🟠 4. OCO (One Cancels the Other)

A combination of a limit order and a stop-loss. One is canceled if the other is triggered.

🔹 When to use: For managing risk and profit in a single trade.

📌 Knowing the types of orders helps to trade not based on emotions, but according to a strategy.

💡 Trading is not a game, but a system.