#OrderTypes101 New to trading? Let’s break down the most common order types you’ll use on Binance:

1️⃣ Market Order

🔹 “Buy/Sell instantly at the best price”

✅ Fast execution

❌ May cause slippage in volatile markets

📌 Best for: Quick entries/exits

2️⃣ Limit Order

🔹 “Set your price – trade only if the market reaches it”

✅ Full control over price

❌ May not get filled if price isn’t reached

📌 Best for: Strategic buying/selling

3️⃣ Stop-Limit Order

🔹 “Trigger a limit order when a specific price is hit”

✅ Risk control (e.g., stop loss or breakout entry)

❌ Needs careful setup

📌 Best for: Managing risk and breakouts

4️⃣ OCO (One Cancels the Other)

🔹 “Set a target AND a stop-loss – one triggers, the other cancels”

✅ Automates both risk and reward

❌ Slightly complex for beginners

📌 Best for: Smart swing/position trades

🎯 Pro Tip:

Learn these basics and you’re already ahead of 90% of traders. 📈

Your order type = your trading edge.

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