#OrderTypes101
๐ฐ #OrderTypes101 (Binance Basics)
1. Market Order
Buys/Sells instantly at current price.
โ Use when speed matters.
2. Limit Order
You set the price, order waits until price hits.
โ Use when you want better price.
3. Stop-Loss Order
Auto-sells if price drops to protect from big loss.
โ Must-have for risk control.
4. Stop-Limit Order
Like Stop-Loss, but with more control.
โ Set both trigger price & sell price.
5. OCO (One Cancels Other)
Set target + stop-loss together.
โ One hits, other auto-cancels.
๐ก Tip:
Market = Fast
Limit = Smart
Stop = Safe