Binance's OCO (One-Cancels-the-Other) order for futures is a type of order which allows traders to set up two orders that are linked together. When one order is filled, the other order is automatically canceled. This type of order can be useful for traders who want to take advantage of market swings.
I am new to trading futures and I'm wondering what I need to know about Binance's OCO (One-Cancels-the-Other) order for futures. What are the advantages and disadvantages of using this order type? Are there any specific strategies I should use with this order type? Are there any risks associated with using this order type? What is the best way to manage this order type? Any help and advice would be greatly appreciated.
I am new to trading futures and I'm wondering what I need to know about Binance's OCO (One-Cancels-the-Other) order for futures. What are the advantages and disadvantages of using this order type? Are there any specific strategies I should use with this order type? Are there any risks associated with using this order type? What is the best way to manage this order type? Any help and advice would be greatly appreciated.