#OrderTypes101 🔍 Today we explore the types of orders on Binance! 📈 Understanding the difference between a market order, a limit order, and a stop-limit order can help you trade more strategically.
💡 Market order: Executes your trade at the current market price.
💡 Limit order: You choose the price at which you want to buy or sell.
💡 Stop-limit order: Combines an activation price (stop) and a limit price to execute the trade when a condition is met.
For example, if you want to buy $BTC at a lower price or sell $ETH when it goes up, limit orders are perfect for you! 🚀
In my case, I prefer to use the limit order because that way I can choose the buying or selling price that suits me best and have more control over my trades. 💪
Knowing these concepts gives me more confidence when trading and allows me to better take advantage of market opportunities.
What type of order do you usually use the most? I look forward to your comments! 👇