#OrderTypes101

In trading, order types are crucial for executing strategies effectively. Market orders execute immediately at the current price, while limit orders wait for a specified price to be reached. Stop-loss orders automatically sell a position when it falls to a certain price, limiting losses. Take-profit orders close a position when it reaches a predetermined profit level. Other types include stop-limit orders, which combine stop-loss and limit orders, and trailing stops, which adjust the stop-loss price as the market moves. Understanding these order types helps traders manage risk, maximize gains, and navigate volatile markets with precision and control.

Order types on Binance: market is sold at the moment, limit is sold only when it reaches that price.