#OrderTypes101 š° Order Types 101 on Binance š°
Mastering order types is key to smart trading. Hereās a quick guide:
Market Order: Executes instantly at the best available priceāideal for speed over precision.
Limit Order: Set your price and wait for the market to meet itāperfect for control and planning.
Stop-Limit Order: A two-part tool that triggers a limit order once a set price is hitāgreat for risk management.
Stop Market Order: Similar to stop-limit but executes as a market orderāuseful for quick exits.
OCO (One Cancels the Other): Combines a limit and stop-limit order; once one is triggered, the other is canceledāhelps automate strategies.
Each order type suits different goals. Choose wisely to stay ahead. š
#OrderTypes101