New to Binance? Let's Talk About Order Types!
Understanding order types is key to trading smarter, not harder. Whether you're just starting out or brushing up on the basics, here's a quick guide:
๐ธ Market Order โ Want it now? This buys/sells instantly at the best available price. Fast, but not always the best rate.
๐ธ Limit Order โ Patience pays. Set your price and wait for the market to meet you.
๐ธ Stop-Limit Order โ For those who like safety nets. It triggers a limit order only after a certain price hits.
๐ธ OCO (One Cancels the Other) โ Manage risk like a pro. Place two orders at once; if one gets triggered, the other cancels.
Each has a purpose. The more you understand them, the more control you have over your trades. No shortcuts. No false promises. Just knowledge.
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