#OrderTypes101
Order Types 101 on Binance
To trade smart, you need to understand the tools. Here's a simple breakdown of key order types:
📈 Market Order – Instantly buys or sells at the current best price. Great when speed matters more than price. ⚡
🎯 Limit Order – You set the price, and the order waits until the market hits it. Perfect for planning and control.
🛡️ Stop-Limit Order – Works in two steps: once a trigger price is reached, a limit order is placed. Useful for managing risks.
🚨 Stop-Market Order – Like stop-limit, but executes immediately at market price after the trigger. Best for fast exits. 💨
🔁 OCO (One Cancels the Other) – Combines a limit and a stop-limit order. When one goes through, the other is canceled. Handy for setting automated strategies. 🤖
Every order type has a purpose. Choose based on your goals and market conditions.
Trade smart. Stay sharp. Win big.
