"If you trade without understanding this, you lose money without even realizing it."
Explanation: "There are 2 basic order types on Binance:
Market order: you buy or sell EVERYTHING RIGHT AWAY, at the current price. Fast, but you don’t control the exact price.
Limit order: YOU set the price at which you want to buy or sell. The order only gets executed if the market reaches that price."
Concrete example: "Like, say BTC is at 95,000, but you think it will drop back down to 93,000. You place a limit order at $93,000, and Binance automatically buys for you if that happens. No need to stay glued to the screen."
"Did you already know the difference? Tell me in the comments 👇 Follow me—tomorrow I’ll explain the stop-loss (the thing that keeps you from losing everything)."
Explanation: "There are 2 basic order types on Binance:
Market order: you buy or sell EVERYTHING RIGHT AWAY, at the current price. Fast, but you don’t control the exact price.
Limit order: YOU set the price at which you want to buy or sell. The order only gets executed if the market reaches that price."
Concrete example: "Like, say BTC is at 95,000, but you think it will drop back down to 93,000. You place a limit order at $93,000, and Binance automatically buys for you if that happens. No need to stay glued to the screen."
"Did you already know the difference? Tell me in the comments 👇 Follow me—tomorrow I’ll explain the stop-loss (the thing that keeps you from losing everything)."