#OrderTypes101
#OrderTypes101 – Mastering Trades on Binance 🎯📊
Understanding different order types is key to becoming a smart trader. On Binance, you have several ways to enter and exit the market — each with its own purpose. Let’s break them down:
✅ Market Order
Executes immediately at the current best price
Great for fast entry/exit, but price may slip
📍 Best for: Urgent trades or high-volatility moments
➡️ “I want in now — give me the best available price!”
🧾 Limit Order
You set the exact price you want to buy or sell
Only fills when the market hits your price
📍 Best for: Patience and price control
➡️ “Buy BTC when it drops to $60,000.”
🛑 Stop-Limit Order
A two-part order:
Stop price: triggers the order
Limit price: sets the execution range
Useful for setting up automatic buys/sells
📍 Best for: Strategic entries and exits
➡️ “If BTC breaks $63,000, sell at $62,900.”
⚠️ Stop Market (SL Market)
Triggers a market order once the stop price is hit
Executes quickly to cut losses or ride a breakout
📍 Best for: Stop-loss protection
➡️ “If ETH drops below $3,000, sell immediately!”
🧊 Iceberg Order (Advanced)
Breaks a big order into smaller visible chunks
Hides full size from the order book
📍 Best for: High-volume traders avoiding market impact
➡️ Used by whales and institutions to stay stealthy.
