#OrderTypes101

Here’s a 200-word article explaining basic order types on Binance:

Order Types 101: A Beginner’s Guide to Binance

When trading on Binance, understanding order types is essential for managing risk and maximizing returns. Here are the most common ones:

Market Order: This executes immediately at the best available price. It’s ideal when speed matters more than price, but you may face slippage in volatile markets.

Limit Order: With this, you set a specific price at which you want to buy or sell. The order only executes if the market hits your set price. It offers control but isn’t guaranteed to fill.

Stop-Limit Order: This combines a stop price and a limit price. When the stop price is reached, a limit order is placed. It’s used to protect profits or limit losses.

Stop-Market Order: Similar to a stop-limit, but executes as a market order once the stop price is triggered. It guarantees execution but not the price.

OCO (One-Cancels-the-Other): This places two orders at once — a stop-limit and a limit — and if one is triggered, the other is canceled. It’s a flexible tool for uncertain markets.

Understanding these tools helps you trade smarter on Binance. Always practice with small amounts first to get comfortable.

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