#OrderTypes101

In Binance, an "order type" refers to the specific instruction given when buying or selling a cryptocurrency. Common order types include market orders, which execute instantly at the current market price, and limit orders, which only execute at a specific price set by the user. There's also a stop-limit order, combining stop and limit prices to minimize losses or lock in profits. OCO (One-Cancels-the-Other) allows traders to set two linked orders; if one is triggered, the other is canceled. Each type offers different strategies for trading based on speed, price control, and risk management, giving users flexibility in volatile markets