#OrderTypes101

Here's a concise overview of basic Binance order types:

**Binance Order Types 101:**

1. **Market Order:** Buy/sell immediately at the best *current* available price. Fast execution, but price isn't guaranteed (slippage possible). Ideal for quick entry/exit.

2. **Limit Order:** Set your *exact* desired price. Only executes if the market reaches that price. You control cost but execution isn't guaranteed. Best for targeting specific entry/exit points.

3. **Stop-Limit Order:** Combines a stop price and limit price. Triggers a *limit* order only *after* a specified stop price is hit. Used to limit losses (stop-loss) or enter trends.

4. **Take Profit (Limit):** A limit order placed to *automatically* sell when an asset reaches a target profit price, locking in gains.$BNB