#OrderTypes101

Trading on the Binance platform offers a variety of order types that cater to both beginner and professional traders alike. Understanding these types of orders is crucial for risk management and maximizing profits. Market orders are executed instantly at the current price, making them ideal for quick entry and exit. Limit orders allow you to set a desired price, giving you greater control over your trades. Stop-limit orders and stop-market orders help protect profits or minimize losses during price volatility. Binance also offers advanced features such as (one cancels the other), providing traders with greater flexibility. Mastering these tools is essential for trading smart, not just trading harder. Know your strategy, know your tools.