#订单类型解析 Binance Order Type Simplified Explanation: Trading Strategies That Beginners Can Understand Instantly

When buying and selling cryptocurrencies on Binance, different order types determine your trading strategy.

Market Order: Equivalent to 'One-Click Buy/Sell,' it executes immediately at the current market's best price. For example, if you're in a hurry to buy Bitcoin, just click the market order to complete the transaction quickly, but the price may be slightly higher or lower due to fluctuations.

Limit Order: You set a target price, and the transaction occurs only when the market reaches that price. For instance, if you want to buy Bitcoin at $50,000, you place a limit order, and it will only buy when the price reaches that point. The advantage is that you can control costs, but it may not execute if the price doesn't reach your target. Recently, Binance also supports setting limit buy orders directly with credit/debit cards, making it easier for beginners to accurately buy at the bottom.

Take Profit/Stop Loss Order: Automatically helps you lock in profits or cut losses. For example, if you bought Ethereum for $10,000, you can set a take profit price of $12,000, and it will automatically sell when it reaches that target price; set a stop loss price of $9,000, and it will automatically close the position to avoid significant losses.

Other Advanced Strategies:

- Iceberg Order: Large orders are divided into smaller batches, hiding the true trading volume to avoid affecting market prices.

- Conditional Order: Automatically adjusts limit orders based on price fluctuations, suitable for choppy markets.

In simple terms: Beginners should use market orders for quick trading, use limit orders for precise price control, and set take profit/stop loss to prevent losses. Complex features are suitable for experienced players; basic order knowledge is sufficient for ordinary users to handle most situations.