📘 #OrderTypes101 – Mastering Binance Like a Pro!
Trading on Binance? 🤔 Don't just click buttons—understand what they do!
Here's a quick guide to the most common order types you’ll see on Binance:
1️⃣ Market Order
💡 “Buy/Sell NOW at the best available price.”
Fast execution
Great for urgency
Not price-controlled
✅ Use when: Price doesn’t matter as much, speed does.
2️⃣ Limit Order
💡 “Set your own price & wait for the market to meet it.”
You control the price
May not execute instantly
✅ Use when: You want a specific entry/exit point.
3️⃣ Stop-Limit Order
💡 “A trigger + a price = safer trades.”
Set a stop price to trigger the order
Set a limit price to execute it
✅ Use when: Protecting profits or limiting losses
4️⃣ OCO Order (One Cancels the Other)
💡 “Two orders in one. When one executes, the other cancels.”
Combine stop-limit + limit order
Automates exit strategy
✅ Use when: You want to sell at a profit OR cut loss
5️⃣ Trailing Stop Order (in Futures)
💡 “Follows the market, locks in gains.”
Moves with market trends
Secures profits automatically
✅ Use when: Riding the trend but want safety
🚀 Pro Tip:
Understanding order types = smarter trades + less risk 💹
Try different order types on Binance Spot, Futures, or Margin to see what suits your strategy best.
