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Noob here.... Buy limit, Buy market or Stop Limit, What's the difference ?

Binance

Cryptocoins Exchanges / Binance 179 Views

Hi Guys,

New to trading, I'm using the Binance platform.

When putting through a buy order, would i use the Market buy, Limit buy or Stop-limit option ?

Can someone please ELI5 the difference between the three?

I would like to buy a portion of crypto at the time of pressing the "buy" button, instead of waiting for it to reach a certain price.

Also, do i use a stop-limit on the Buy order..... which will sell the order if it drops too low? Or do i put in a separate Sell order, with my take-profit and stop-loss limits ?

Bit confused here.

submitted by /u/FireDaddyKing85
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