To understand the market deeply, it's not enough to just know buy and sell orders, but you must master using Binance's smart tools.
Limit Order (Limit Order)
You buy or sell at a specific price or better.
Excellent for entering the market at support/resistance points.
Example: You want to buy BTC at 66,000 instead of the current price of 67,000 → use Limit.
Market Order (Market Order)
Immediate execution at the best available price.
Fast, but the price is not guaranteed.
Best in highly liquid markets or for quick exits.
Stop-Limit Order (Stop-Limit Order) consisting of two conditions:
• Stop: the price that activates the order.
• Limit: the price at which the trade is executed.
Excellent for stop losses or entering after a breakout.
Example:
Stop = 68,000
Limit = 68,050
→ If the price reaches 68K, a sell order is placed at 68.05K.
OCO Order (One Cancels Other Order)
Combines two orders:
• Limit order for sale (Take Profit)
• And Stop-Limit order
Used to exit a trade with profit or to protect capital with a defined loss.
Example:
Own BNB at a price of 600:
• You place a sell at 620 (profit)
• And Stop-Limit at 590 (protection).
Trailing Stop Order (Trailing Stop Order) (available only in Futures)
The stop loss automatically moves with the price moving in your favor.
Excellent for securing profits without setting a fixed number.
Example: the price moves up, and the stop moves with it by a fixed percentage.
Tip for professionals:
Use OCO for smart manual trading, and Trailing Stop in futures to automatically protect profits.
Smart trading is not just entering the market, but controlling the exit.
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