Knowing the types of orders is crucial for trading well. On Binance, I use 'Limit' orders a lot, which allow me to buy or sell at a specific price that I set — great for making strategic entries. The 'Market' order is faster, but it accepts the current price from the order book, which can be more expensive. There are also stop-limit orders, useful for protecting positions. I always set limits based on support and resistance analysis. Understanding these types well avoids losses and improves trading results, especially in volatile coins like PEPE and DOGE.
