#OrderTypes101 : Understand Order Types in the World of Crypto Trading! 💼

Before trading on CEX like Binance, you need to know the types of orders available. By understanding this, you can better manage your strategy and risk management. Let's get to know the 3 most common orders! 👇

1. Market Order ⚡

This order is executed immediately at the current market price.

✅ Fast & simple

❌ Not always the best price

📌 Suitable for quick entry/exit

2. Limit Order 🎯

You set the price yourself, and the order is only executed if the market hits that price.

✅ Full control over the price

❌ Not always executed immediately

📌 Ideal for those who are patient & strategic

3. Stop-Limit Order 🛑

A combination of stop & limit. The order is only active when the price hits the “stop” and will be executed at a certain limit.

✅ Suitable for risk management

📌 Widely used for automatic cut loss

🔍 Understanding order types = smarter trading. Don't just buy/sell—plan your tactics! 🚀