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Spot sell orders

Binance

Cryptocoins Exchanges / Binance 258 Views

Hi everyone,

So, Binance has four order tabs.

Regarding the 'Limit' tab, and assuming we're always talking about spot trading.. if you place a sell order at a price higher than the current market price, it acts as a take profit order, right? However, is it going to be executed as a "take profit limit" order or just plain "take profit" market order? (In Kraken terminology, so to speak.)

I know it's under the 'Limit' tab but don't TP/SL limit orders need 2 separate values each? i.e. stop price (trigger) & limit price (execution)? That's how the 'Stop limit' tab works also.

Finally, is the case the same with 'OCO' orders that combine a "stop limit" (2 values: trigger & execution) and a "limit" order (only 1 price value)?

I hope you understand what I'm trying to say. Sorry for the confusion and thanks in advance!

submitted by /u/Alive-Combination626
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