What are orders in trading?

Learn what orders are in trading!

Orders on Binance allow you to buy or sell cryptocurrencies in different ways:

Market order 🛒: Buy or sell at the current market price.

Limit order 🎯: Set a specific price at which you want to buy or sell.

Stop-loss 🚨: Automatically limits your losses by closing the trade if the price drops too much.

It's like being in a candy store. 🍬

If you buy at the price you see now, it's a market order.

If you decide you will only buy the candy if the price drops, you are using a limit order.

And if you sell your candies automatically when nobody wants to pay more than a certain price, it's a stop-loss.

This way you decide how and when to act to protect your coins. 🎯🍭

📝 If you would like us to explain this topic in more depth, let us know in the comments.

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