#OrderTypes101 – Understand Trading Orders on Binance 🔍

Understanding the types of trading orders (Order Types) is extremely important if you want to trade more effectively and safely.

Here are the 4 most common types of orders on Binance:

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✅ 1. Market Order

📌 Buy/sell immediately at the current market price.

⏱ Suitable when you need to execute orders quickly, but prices may slip (slippage).

💡 Tip: Use when the market is highly volatile and you need to react quickly.

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✅ 2. Limit Order

📌 Set a buy/sell order at your desired price.

⏳ The order only executes when the market price reaches your set level.

💡 Tip: Good for entering orders according to a plan, avoiding FOMO.

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✅ 3. Stop-Limit Order

📌 A limit order that activates after reaching a certain price level (trigger price).

🛡️ Used to take profits or cut losses in a controlled manner.

💡 Example: If BTC drops to 68,000 (trigger price), sell at 67,800 (limit price).

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✅ 4. OCO Order (One Cancels the Other)

📌 Combines 2 orders: 1 take profit order, 1 stop loss order. When 1 order executes, the other is canceled.

💡 Tip: Optimized for swing traders who want to set up both scenarios.

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🔑 In summary:

Knowing how to use different types of orders will help you: ✔️ Manage risks better

✔️ Trade more professionally

✔️ Avoid unnecessary "buy high, sell low" situations

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📣 What type of order do you use the most? Any good tips?

Let's share in the comments below!

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