#OrderTypes101 📘 #OrderTypes101: Understanding Order Types on Binance

When trading on Binance, choosing the right order type is key to effective execution. Here’s a quick breakdown:

🔹 Market Order

Executes immediately at the current market price. Best for speed, not for precision.

📍Use when: You want in or out now.

🔹 Limit Order

You set the price. It executes only when the market hits your chosen level.

📍Use when: You want control over your entry/exit price.

🔹 Stop-Limit Order

Combines a stop and a limit. Once your stop price is reached, it places a limit order.

📍Use when: You want to cut losses or secure profits with control.

🔹 OCO (One Cancels the Other)

Place two orders at once—a stop-limit and a limit—only one can execute.

📍Use when: You want to automate breakout or breakdown strategies.

Choosing the right type = smarter trades ✅

Know the tools, trade the edge! ⚡