#OrderTypes101 #OrderTypes101 on Binance:
Understanding order types is key to smart trading. Here are the basics:
Market Order: Buys or sells instantly at the best available price. Great for speed, but price may vary.
Limit Order: Set your price and wait for the market to meet it. Good for precision.
Stop-Limit Order: Combines a stop price (triggers the order) with a limit price (executes it). Useful for risk control.
OCO (One Cancels the Other): Combines a stop-limit and a limit order. When one fills, the other is canceled.
Trailing Stop: Sets a moving stop price based on market fluctuations. Locks in profits while limiting losses.
Mastering these tools helps you trade with strategy, not emotion. Learn them, use them, and trade smarter on Binance.