#OrderTypes101

Order Types 101: Master Trading on Binance Like a Pro!

Want to trade smarter on Binance? Understanding order types is key! Here’s a quick guide:

1. Market Order

- Buy/sell instantly at the best available price.

- ✅ Fast execution, ❌ no price control.

2. Limit Order

- Set your desired price; order fills only when reached.

- ✅ Price control, ❌ no guaranteed execution.

3. Stop-Limit Order

- Triggers a limit order when a stop price is hit.

- Great for risk management (take profit/stop loss).

4. OCO (One-Cancels-the-Other)

- Place two orders—if one executes, the other cancels.

- Perfect for setting profit targets and stop-losses at once.

5. Post-Only Order

- Ensures you pay only maker fees (better for liquidity providers).

Pro Tip: Use limit orders for better pricing and stop-losses to protect your trades!

Start optimizing your strategy today. 🚀