#OrderTypes101 Binance, it is important to understand the types of orders so you can make the right decisions.

First, there is a market order, which is an order that is executed immediately at the current market price. This type is suitable if you want to enter or exit the market quickly without waiting for a specific price.

Second, a limit order allows you to set a specific buy or sell price. This order will only be executed if the market price reaches the level you specify. Suitable for those who want a more ideal price.

Third, a stop-limit order is a combination of stop and limit. This order will become active when the price touches a certain threshold, then changes into a limit order. It is usually used to control risk or lock in profits.

By understanding these types of orders, you can manage your trading strategy better and avoid impulsive decisions.