📅 Day 52 of 100 – Order Types: Mastering How You Enter the Market 🧠
Knowing what to buy is important — but knowing how to buy it is where smart trading begins.
Let’s break down the main order types on Binance you should know:
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1️⃣ Market Order
🔹 Instant execution at the best available price
✅ Great for speed
❌ Risk of slippage (you get a worse price than expected)
📍Use when: You want to buy/sell immediately
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2️⃣ Limit Order
🔹 You set the price, and it executes only if the market reaches it.
✅ More control over price.
❌ No guarantee it will be filled!
📍Use when: You want the best price, not the fastest fill.
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3️⃣ Stop-Limit Order
🔹 Combines a trigger price (stop) and a limit price.
✅ Ideal for setting up stop-loss or take-profit
❌ More complex to use!
📍Use when: You want to automate trades around key levels.
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4️⃣ OCO (One Cancels the Other)
🔹 Two orders placed together: one limit, one stop-limit
✅ If one is triggered, the other is automatically canceled.
❌ Must be planned well.
📍Use when: You want a target and a safety net in one
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📌 Action Step:
Go to the Binance spot trading screen and test placing a limit and market order with a small amount (e.g., $0.001 $ETH ). Watch how each behaves.
