#OrderTypes101 New to trading? Understanding order types is essential to managing risk and making smarter moves in the market. Let’s break down the most common order types in crypto trading.👇

🔹 Market Order

“Buy/Sell Now at the Best Price”

A market order executes instantly at the current market price.

✅ Fast execution

⚠️ You may pay more (or receive less) during high volatility.

🔹 Limit Order

“Buy/Sell at a Specific Price”

Set the exact price you’re willing to buy or sell at.

✅ More control over price

⚠️ No guarantee it will be filled if the market doesn’t reach your limit.

🔹 Stop-Loss Order

“Minimize Loss Automatically”

Triggers a market order when the price hits your stop level.

✅ Helps manage risk

⚠️ Can sell at a worse price during sudden drops.

🔹 Take-Profit Order

“Lock in Profits”

Automatically sells your position once your target price is reached.

✅ Secures profits

⚠️ You might miss further upside.

🔹 OCO (One Cancels the Other)

A combo of a stop-loss and a take-profit. When one executes, the other is canceled.

✅ Set exit strategy in advance

⚠️ More complex for beginners, but powerful.

🎯 Why It Matters:

Using the right order type helps you trade smarter, reduce risk, and stay in control—even when you’re away from the screen.

Practice smart order placement today on Binance!