#OrderTypes101
📘 Order Types 101 | Binance Square 🟡
💡 Master the basics before you trade!
Understanding different order types is crucial to making smart trading decisions. Here's a quick guide to get you started:
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🎯 1. Market Order
💥 Buy/Sell instantly at the best available price.
🟢 Great for speed, not for precision.
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🧭 2. Limit Order
📌 Set your desired price — the order executes only when the market hits it.
🟡 Ideal for patience and control.
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🕰️ 3. Stop-Limit Order
🚨 Trigger a limit order when a set stop price is reached.
🔒 Use for risk management or to lock in profits.
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⛔ 4. Stop-Market Order
⚡ Turns into a market order once the stop price is hit.
🚀 Fast execution during volatile swings.
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🔁 5. OCO (One Cancels the Other)
🎯 Two orders in one: if one executes, the other is canceled.
🧠 Perfect for planning exit strategies.
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💬 Want to dive deeper into order types or explore advanced strategies?
👇 Drop your questions or favorite order type below!
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