#OrderTypes101 Understanding order types is essential for anyone entering the world of crypto trading. Whether you’re using a platform like Binance or another exchange, knowing how and when to use each order type can help minimize risk and maximize returns. Market orders execute immediately at the current market price, ideal for speed but risky in volatile conditions. Limit orders let you specify the price you’re willing to pay or accept, offering more control. Stop-limit and stop-market orders are useful for setting automatic exits or entries. Each order type serves a unique purpose, and mastering them is key to strategic trading.
