#OrderTypes101

Types of Orders on Binance

Binance offers various order types to suit different trading strategies. The most common is the Market Order, which executes instantly at the current market price. It's ideal for quick trades but may result in slippage.

A Limit Order allows traders to set a specific price at which they want to buy or sell. The order will only execute when the market reaches that price, offering more control.

Stop-Limit Orders combine a stop price and a limit price, triggering a limit order once the stop price is reached.

Stop Market Orders trigger a market order instead, offering faster execution during volatile moves.

OCO (One Cancels the Other) orders combine a stop-limit and a limit order, where executing one cancels the other.

Each order type helps manage risk and optimize trade execution.