Binance trading operations encompass the entire process of executing trades, from placing an order to its final settlement. It involves market analysis, order placement (market, limit, stop-limit, OCO), trade execution, and risk management through stop-loss orders and position sizing. Beginners can start with spot trading using limit and market orders, while advanced users can explore futures and margin trading.
Here's a breakdown of key aspects of Binance trading operations:
1. Order Placement:
Market Order: Executes immediately at the current market price.
Limit Order: Executes only when the specified price is reached.
Stop-Limit Order: Triggers a limit order when a specified stop price is reached.
OCO (One-Cancels-the-Other) Order: Allows you to set a limit order and a stop-limit order simultaneously, where the execution of one cancels the other.