#OrderTypes101 Types 101: Mastering Your Trades on Binance 📈

1. Market Order – Executes instantly at the current market price, ideal for immediate entry or exit with minimal slippage.

2. Limit Order – Sets your desired price; ensures control over execution but not guaranteed to fill, tailored to your strategy.

3. Stop-Loss Order – Automatically sells your position when price hits a predetermined level to minimize losses, essential in 24/7 markets.

4. Take-Profit Order – Locks in gains by selling once the asset reaches your profit target without manual intervention, for automated strategies.

5. OCO (One-Cancels-the-Other) – Combines a limit and a stop order; when one triggers, the other is automatically canceled for pros.

6. Post-Only Order – Ensures you add liquidity by rejecting execution if the order would match immediately; perfect for market makers.

7. Immediate-Or-Cancel (IOC) – Executes any available portion immediately and cancels the unfilled remainder to optimize trade efficiency.

8. Fill-Or-Kill (FOK) – Requires the entire order to execute instantly or cancels entirely, preventing partial fills.

9. Hidden Order – Conceals order size from the order book, allowing large-volume traders to minimize market impact.

10. Trailing Stop Order – Dynamically adjusts the stop price as the market moves in your favor, protecting profits while letting gains run.

Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.