#OrderTypes101 Understanding order types on Binance is essential for efficient and strategic trading in the cryptocurrency market. Binance offers several order types to help users manage risk and execute trades based on their market expectations. The most basic is the market order, which executes immediately at the best available price—ideal for users who prioritize speed over price. A limit order allows users to set a specific price at which they wish to buy or sell, offering more control but without the guarantee of execution. More advanced traders may use stop-limit orders, which trigger a limit order once a certain stop price is reached, helping manage losses or lock in profits. Similarly, stop-market orders execute at the best market price once the stop is triggered, offering faster response during volatile conditions. OCO (One Cancels the Other) orders combine two orders—if one executes, the other is automatically canceled—helping automate trading strategies. Binance also supports trailing stop orders, which adjust the stop price as the market moves, locking in gains during favorable trends. Each order type serves a unique purpose, and understanding how and when to use them can significantly enhance a trader’s strategy. Mastering these tools empowers users to trade more efficiently and minimize risk in the ever-changing crypto market.