📘 #OrderTypes101: Order Types in the Trading World
Whether you are a beginner in the crypto world or a professional trader, understanding order types is essential for executing your strategies efficiently. Here’s a quick overview of the most popular order types on the Binance platform:
🔹 Market Order
Executed immediately at the best available price in the market. Ideal when speed is more important than price.
🔹 Limit Order
Sets the price at which you want to buy or sell. It will only be executed if the market reaches that price or better.
🔹 Stop-Limit Order
An advanced tool for risk management. When the price reaches a certain point (Stop), a Limit order is automatically created.
🔹 OCO (One Cancels the Other)
Combine two orders: if one is executed, the other is automatically canceled. Ideal for trading smartly without constant monitoring.
💡 Use the right type of orders to achieve your goals and reduce risks.
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