#OrderTypes101

Whether you're a beginner or a seasoned trader, understanding order types is the first step to smart trading! Here’s a quick guide:

🔹 1. Market Order

Buy/Sell instantly at the current market price.

✅ Fast execution

⚠️ Slippage possible during high volatility

🔹 2. Limit Order

Set a specific price at which you want to buy/sell.

✅ More control

⏳ May not execute if price isn't reached

🔹 3. Stop-Limit Order

A combo of stop & limit:

👉 Set a trigger price, which places a limit order once hit.

✅ Useful for risk management

🔹 4. Stop Market Order

Similar to stop-limit, but executes as a market order when triggered.

✅ Great for stop-loss strategies

🔹 5. OCO (One Cancels the Other)

Place 2 orders at once (e.g., take profit & stop-loss)

✅ Whichever gets triggered first cancels the other

🛡️ Ideal for managing trades efficiently

💡 Knowing when and how to use each type gives you a competitive edge in fast markets!

🛠️ Ready to level up your trading? Practice these on the Binance spot or futures markets today.