#OrderTypes101
๐ง Type Order 101 on Binance ๐
New to trading on Binance? Understanding order types is key to making smart moves. Hereโs a quick guide:
โ Market Order:
Executes instantly at the best available price. Great for speed, not ideal for precision.
๐ Limit Order:
Set your price and wait. It only executes when the market hits your target. Perfect for planning entries or exits.
โฑ๏ธ Stop-Limit Order:
Triggers a limit order once a specific stop price is reached. Useful for protecting gains or limiting losses.
๐ก๏ธ Stop Market Order:
Similar to stop-limit, but executes as a market order once triggered. Faster, but with less control over price.
๐งฉ OCO (One Cancels the Other):
Combines a limit and a stop order. When one executes, the other cancels. Ideal for flexible strategies.
Know your tools, trade smart! ๐ก
