Placing orders is not just as simple as pressing a button

In cryptocurrency trading, choosing the right order type = controlling risk + increasing efficiency. Here are the three most common order types:

🔹 Market Order:

Executed immediately, suitable for speed, but may experience slippage.

👉 Suitable for: quick in and out, eager to close positions.

🔸 Limit Order:

Executed at a specified price, precise price control, but may remain unfilled.

👉 Suitable for: setting target prices and patiently waiting to enter.

🔻 Take Profit/Stop Loss Order:

Automatically places an order when the price triggers, helping you lock in profits and stop losses.

👉 Suitable for: those who cannot monitor the market and have set risk controls.

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🎯 I am accustomed to entering with limit orders + setting stop losses and take profits, making trading more disciplined.

❗ Once, I chased a high with a market order without setting a stop loss, and ended up getting hit by a rebound, suffering a heavy loss. Since then, I understood: trading strategies are not just about direction but also about choosing the right tools.

👉 Which type of order do you use most often? Share your experience with #订单类型解析 and earn Binance points!