#OrderTypes101 b

How they work: Market orders execute instantly at current price; Limit orders trigger at your set price; Stop-Loss sells to limit losses when price drops; Take-Profit locks in gains at a target.

- When to use: Market for speed (e.g., quick BTC entry); Limit for precision (e.g., buying ETH at $3,000); Stop-Loss for risk (e.g., exiting if BTC falls 5%); Take-Profit for gains (e.g., selling at $4,000).

- Go-to type: Limit—offers price control and reduces slippage in volatile markets.

- Real trade: Bought 1 $BTC at $30,000 with a Take-Profit at $35,000. Hit the target, earning $5,000. Without it, a dip to $28,000 would’ve wiped gains.

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#OrderTypes101