#OrderTypes101 Binance, a major cryptocurrency exchange, offers various order types to suit different trading strategies. These include market orders for immediate execution, limit orders for specific price execution, stop-limit orders for triggering based on a price point, and One-Cancels-the-Other (OCO) orders for simultaneous execution with a fallback option. Additional order types like Trailing Stop and conditional orders further enhance trading flexibility.

Here's a brief overview:

Market Order: Executes immediately at the best available price.

Limit Order: Allows specifying a price to buy or sell.

Stop-Limit Order: Becomes a valid order only when the price reaches a specified trigger level.

OCO Order: A pair of orders where the execution of one cancels the other.

Trailing Stop Order: Adjusts its stop-loss price dynamically based on market movement.

Conditional Order: Allows setting custom conditions for order execution.

Binance also supports other order types like post-only, reverse, scaled, and TWAP orders, offering traders a wide array of options for managing risk and executing trades strategically.