#OrderTypes101 Order Types 101: Mastering Your Trades on Binance 📈
1. Market Order – Executes instantly at the current market price, ideal for immediate entry or exit with minimal slippage.
2. Limit Order – Sets your desired price; ensures control over execution but not guaranteed to fill, tailored to your strategy.
3. Stop-Loss Order – Automatically sells your position when price hits a predetermined level to minimize losses, essential in 24/7 markets.
4. Take-Profit Order – Locks in gains by selling once the asset reaches your profit target without manual intervention, for automated strategies.