#OrderTypes101
Types of Advanced Trading Orders on Binance – Complete Control Over Your Trades!
⚙️ Types of Advanced Trading Orders on Binance – Complete Control Over Your Trades!
To understand the market deeply, it is not enough to just know buy and sell orders; you must master the use of Binance's smart tools 👇
1️⃣ Limit Order
🔹 Buy or sell at a specified price or better.
✅ Great for entering the market at support/resistance points.
🧠 Example: You want to buy BTC at 66,000 instead of the current price of 67,000 → Use Limit.
2️⃣ Market Order
🔹 Immediate execution at the best available price.
✅ Fast, but the price is not guaranteed.
⚠️ Best in highly liquid markets or for quick exits.
3️⃣ Stop-Limit Order
🔹 Comprised of two conditions:
• Stop: the price that triggers the order.
• Limit: the price at which the trade is executed.
✅ Great for stopping losses or entering after a breakout.
🧠 Example:
Stop = 68,000
Limit = 68,050
→ If the price reaches 68K, a sell order is placed at 68.05K.
4️⃣ OCO Order (One Cancels Other)
🔹 Combines two orders:
• A limit order to sell (Take Profit)
• And a stop-loss order (Stop-Limit)
✅ Used to exit a trade with profit or to protect capital with a defined loss.
🧠 Example:
You own BNB at a price of 600:
• Place a sell at 620 (profit)
• And Stop-Limit at 590 (protection).
5️⃣ Trailing Stop Order (available only in Futures)