Stop Limit orders on Binance and how they work
binance·@christoryan·
0.000 HBDStop Limit orders on Binance and how they work
# <center> Stop limit Orders</center> --- <center></center> ## <center> How in the F83ck do they work using Binance??</center> A stop-limit order will be executed at a specified *(or potentially better)* 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. <center>**Explanation of Terms:**</center> **Stop price:** When the current price reaches the given stop price, the stop-limit order is executed to buy or sell at the limit price or better. **Limit price:** The price *(or potentially better)* that the stop-limit order is executed at. Quantity: The quantity to buy or sell in the stop-limit order. <center>**Example:**</center> If the last traded price of Steem is 0.000165 BTC, and the resistance is around 0.000169 BTC. If you think that the price will go higher after the price reaches the resistance, you can put a Stop-Limit order to automatically buy more Steem at the price of 0.000170 BTC. This way you won’t have to continuously watch market movements waiting for the price to reach your target price. Approach: Select “Stop-Limit” order, then specify the stop price to be 0.000170BTC and the limit price to be 0.000172BTC, with quantity as 10. Then click the button “Buy Steem” to submit the order. To Query Existing Orders: Once orders are submitted, existing ‘stop-limit’ orders can be found and reviewed in “open orders” Thanks and don't forget to follow @christoryan !  <center> Scan the QR code to teleport to [Binance](https://www.binance.com/?ref=36384160)</center> <center></center>
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