#TradingTypes101

⚙️ Types of Advanced Trading Orders on Binance – Full Control Over Your Trades!

To understand the market deeply, it’s not enough to just know buy and sell orders; you must master the use of Binance's smart tools 👇

1️⃣ Limit Order

🔹 Buy or sell at a specified price or better.

✅ Great for entering the market at support/resistance points.

🧠 Example: You want to buy BTC at 66,000 instead of the current price of 67,000 → Use Limit.

2️⃣ Market Order

🔹 Instant execution at the best available price.

✅ Fast, but the price is not guaranteed.

⚠️ Best in highly liquid markets or for quick exits.

3️⃣ Stop-Limit Order

🔹 Composed of two conditions:

• Stop: the price that triggers the order.

• Limit: the price at which the trade is executed.

✅ Excellent for stopping losses or entering after a breakout.

🧠 Example:

Stop = 68,000

Limit = 68,050

→ If the price reaches 68K, a sell order is placed at 68.05K.

4️⃣ OCO Order (One Cancels Other)

🔹 Combines two orders:

• Limit order to sell (Take Profit)

• And a stop-loss order (Stop-Limit)

✅ Used to exit a trade with profit or to protect capital with a defined loss.

🧠 Example:

You own BNB at a price of 600:

• You place a sell order at 620 (profit)

• And a Stop-Limit at 590 (protection).

5️⃣ Trailing Stop Order (Available only in Futures)

🔹 The stop loss moves automatically as the price moves in your favor.

✅ Excellent for locking in profits without setting a fixed number.

🧠 Example: The price moves up, and the stop moves with it.