#OrderTypes101 Mastering Your Trades on Binance!

Whether you're a beginner or a seasoned trader, knowing your order types is key to executing smart strategies on Binance. Here's a quick breakdown:

๐Ÿ”น Market Order

Instant execution at the best available price.

Best for: When speed matters more than price.

๐Ÿ”น Limit Order

You set the price, and it executes only when the market matches it.

Best for: Getting your desired price (but be patient!).

๐Ÿ”น Stop-Limit Order

Triggered only when the market hits your stop price. Combines risk control with precision.

Best for: Setting up stop-losses or smart entry points.

๐Ÿ”น OCO (One-Cancels-the-Other)

Two orders in one: if one gets filled, the other is canceled.

Best for: Automating both stop-loss and take-profit scenarios.

Knowing which order type to use is essential for minimizing risk and maximizing gains.

Head to Binance Academy to dive deeper!