##CryptoUrdu #TradingTips #Binance #CryptoTrading #LearnTrading
If you are trading futures or spot trading, it is important to understand what each order does.👇
1️⃣ Limit Order
An order to buy and sell at a specified price. (When the price touches your set limit, the trade will be executed)
2️⃣ Post Only
An order that is only placed as a market maker, which will be canceled if there is an immediate match in the market.
3️⃣ Market Order
Immediate buying and selling at the current market price.
4️⃣ Stop Limit
A Limit Order is activated when a specific price (Stop Price) is reached.
5️⃣ Stop Market
Market Order is automatically placed when a specific price (Stop Price) is reached.
6️⃣ Conditional Order
Limit or Market Order is executed when the set target price is hit.
7️⃣ Trailing Stop
A stop that moves with the market. As soon as the price hits your set point, the order is placed.
8️⃣ TWAP (Time Weighted Average Price)
A method of placing orders at specific time intervals.
9️⃣ Scaled Order
Placing multiple orders in a price range (e.g., buying/selling on a scale).
💡 It is important to understand that each order has a different purpose. Choose the order type according to your trading strategy.
