#OrderTypes101 #OrderTypes101 Order Types 101: Mastering Your Trades on Binance ๐Ÿ“ˆ

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

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

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

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

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

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

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

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

9. Hidden Order โ€“ Conceals order size from the order book, allowing large-volume traders to minimize market impact.#BTC