#OrderTypes101

Binance offers several order types to accommodate different trading strategies. In spot trading, key types include:

Market orders, which execute instantly at current prices.

Limit orders, allowing users to set a specific buy/sell price.

Stop-limit orders, where a stop price triggers a limit order.

Stop-market orders, triggering a market order when the stop price is hit.

OCO (One Cancels the Other) orders, combining a limit and stop-limit order—executing one cancels the other.

Trailing stop orders, which follow the market price by a set percentage and trigger when the price reverses.

For futures trading, Binance adds options like:

Post-only, ensuring your order adds liquidity.

Reduce-only, used to decrease a position size.

Take-profit and take-profit market orders, which close positions at favorable price targets.

These tools allow for precise risk management, automation, and strategy execution across spot and derivatives markets.