#OrderTypes101 Here are the different order types available in crypto trading on Binance:

1. Market Order

Buy or sell a cryptocurrency at the current market price.

Execution: The order is executed immediately at the best available price.

Example: Buy 1 BTC at the current market price.

2. Limit Order

Buy or sell a cryptocurrency at a specific price set by the trader.

Execution: The order is executed when the market price reaches the specified price.

Example: Buy 1 BTC at $40,000.

3. Stop-Limit Order

A combination of a stop-loss order and a limit order.

Execution: When the market price reaches the stop price, the order becomes a limit order.

Example: Sell 1 BTC at $38,000 (stop price) with a limit price of $37,000.

4. Stop-Market Order

A stop-loss order that executes as a market order when triggered.

Execution: When the market price reaches the stop price, the order is executed as a market order.

Example: Sell 1 BTC at $38,000 (stop price).

5. Take-Profit Limit Order

A limit order that executes when the market price reaches a specified profit target.

Execution: When the market price reaches the take-profit price, the order is executed as a limit order.

Example: Sell 1 BTC at $42,000 (take-profit price) with a limit price of $41,500.

6. Take-Profit Market Order

A market order that executes when the market price reaches a specified profit target.

Execution: When the market price reaches the take-profit price, the order is executed as a market order.

Example: Sell 1 BTC at $42,000 (take-profit price).

7. OCO (One Cancels the Other) Order

A combination of two orders, where one order cancels the other if executed.

Execution: When one order is executed, the other order is automatically canceled.

Example: Buy 1 BTC at $40,000 (limit order) and sell 1 BTC at $42,000 (take-profit limit order). If the buy order is executed, the sell order is automatically canceled.

8. Trailing Stop Order

A stop-loss order that adjusts its stop price based on the market price movement.

Execution: When the market price moves in the trader's favor, the stop price adjusts accordingly.

Example: Sell 1 BTC with a trailing stop of 5%. If the market price increases by 10%, the stop price adjusts to 5% below the new market price.

These order types can be used individually or in combination to create more complex trading strategies.$BTC