#OrderTypes101 – The Basics for Smart Trading 🚀

Market Order: immediate execution at market price. Fast, but risk of slippage.

Limit Order: price set by you, order executed only at that price or better. Precise control, no guarantee of execution.

Stop-loss: limits losses by triggering an automatic sale if the price drops too much.

Take-profit: secures gains by automatically selling at a target price.

💡 Tip: combine limit order + stop-loss to manage risk and entry/exit price.

📉 Personal example: a market order in a volatile market cost me dearly due to slippage, since then I prefer limit orders.

Share your experience with #OrderTypes101 and earn Binance points!

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