How Does Sell Limit Order Work On Binance?

The trading algorithm works as a buy or a sell limit order by opening a trade, and then closing it again once the price hits your desired price. The stop loss order can be used to ensure that all trades are taken at the lowest possible price. However, if you do not want to lose all profit from the trade as you chose as your profit target, another type of limit orders can be used: take profit or stop loss orders. In this case, the trader must have two open orders on their balance sheet – one for buying and one for selling.

In addition, learn how to use exchange commands in our “how does binance crypto market work” guide. It covers commands such as free credit , CREDIT DEPOSIT , CREDIT WITHDRAWAL …