#OrderTypes101
Binance offers several order types to give traders flexibility and control. The most common is the Market Order, which buys or sells instantly at the current market price. A Limit Order allows users to set a specific price; the order executes only when the market reaches that price. Stop-Limit Orders combine a stop price and limit price to help manage risk. OCO (One Cancels the Other) orders let traders place two orders simultaneously; when one is triggered, the other is canceled. Choosing the right order type helps manage trades more efficiently and can protect against sudden market movements.