There are four types of order available on Binance Futures: limit order, market order, stop-limit order and stop-trailing order.

Please be noted that you are only allowed for one position per trading pair. To illustrate this, if you open a short position, anticipating that the price will go down in the longer timeframe, but in the meanwhile wanted to open a long to do a trade for a shorter timeframe. You are unable to open positions in both directions at the same time. Opening positions in both directions would result cancel one another out.

Limit Order

What is a limit order?

With limit orders, you can place an order at a specific price. The order will be filled if the price matches your limit price. 

Should you interested to learn more about limit order, you may visit Binance Academy for more information.

How to place a limit order?

1. Enter the price and order quantity you want to place.

2. A confirmation screen will pop out. Click “Buy/Long” for long order or “Sell/Short” for short order if you are confirmed to place the order.

Market Order

What is a market order?

With market orders, the order will be matched immediately at the best available price.

Should you interested to learn more about market order, you may visit Binance Academy for more information. 

How to place a market order?

1. Enter the order quantity you want to place.

2. A confirmation screen will pop up. Click “Buy/Long” if you confirm to place the order.

Stop-Limit Order

What is stop-limit order?

A stop-limit order is a conditional trade over a set timeframe with stop price and limit price features. A stop-limit order will be executed at a specified price after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.

Should you interested to learn more about stop-limit order, you may visit Binance Academy for more information. 

How to place a stop-limit order?

1. Enter the stop price, limit price and order quantity you want to place.

2. A confirmation screen will pop up. Click “Sell/Short” if you confirm to place the order.

Stop-Market Order

What is a stop-market order?

Similarly to a stop-limit order, a stop-market order uses a stop price as a trigger. However, when the stop price is reached, it triggers a market order instead.  

How to place a stop-market order?

1. Enter the stop price, limit price and order quantity you want to place.

2. A confirmation screen will pop up. Click “Sell/Short” if you confirm to place the order.

Trailing Stop Order

What is a trailing stop order?

A trailing stop order allows traders to place a pre-set order at a specific percentage away from the market price when the market swings. It locks in profit by enabling a trade to remain open and continue to profit as long as the price is moving in the direction favorable to traders. The trailing stop does not move back in the other direction. When the price moves in the opposite direction by a specified percentage, the trailing stop will close/exit the trade at market price. 

How to place a trailing stop order?

1. Enter the callback rate, activation price and order quantity you want to place.

2. A confirmation screen will pop up. Click “Sell/Short” if you confirm to place the order.