#OrderTypes101

Order Types 101: Mastering Your Trades on Binance 📈

1. Market Order – Executes instantly at the current market price, ideal for immediate entry or exit with minimal slippage.

2. Limit Order – Sets your desired price; ensures control over execution but does not guarantee it will be filled, tailored to your strategy.

3. Stop-Loss Order – Automatically sells your position when the price reaches a predetermined level to minimize losses, essential in 24/7 markets.

4. Take-Profit Order – Secures profits by selling once the asset reaches your profit target without manual intervention, for automated strategies.

5. OCO (One-Cancels-the-Other) – Combines a limit order and a stop order; when one is triggered, the other is automatically canceled for professionals.

6. Post-Only Order – Ensures you add liquidity by rejecting execution if the order would be immediately matched; perfect for market makers.

7. Immediate-Or-Cancel (IOC) – Executes any available portion immediately and cancels the rest that is not filled to optimize trading efficiency.

8. Fill-Or-Kill (FOK) – Requires the entire order to be executed instantly or it is completely canceled, avoiding partial fills.

9. Hidden Order – Hides the order size from the order book, allowing high-volume traders to minimize market impact.

10. Trailing Stop Order – Dynamically adjusts the stop price as the market moves in your favor, protecting gains while allowing profits to run.

Notice: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.