[00:02] instantly using the OCO (One-to-One Order) feature on the Binance platform, step by step, using your phone. This feature is extremely important, so pay close attention until the end of the video. The first thing you'll do is open the Binance app and log in to your account. If you don't have it, you can download
[00:18] the app and register using the link below in the video description. You'll also find a link to a book on learning technical analysis in trading. After logging in, from the homepage, click on Bitcoin. This page will appear, and you probably know that
[00:32] all the data related to Bitcoin is here. Scroll down and click on "Buy." This will open another page where you can buy and sell Bitcoin using your USDC or USDT. I'll explain the feature immediately,
[00:47] assuming you've already made a deposit and your funds are in your wallet. This page offers several ways to buy and sell Bitcoin. Any other currency, for example, if you click here, this menu will appear with several options or orders you can use in buying
[01:02] or orders you can use in buying or selling, such as limit orders, market orders, and stop-loss orders. I've explained these in detail in previous videos on the channel, which you can watch after finishing this one. Today, we'll explain the OCO (Open Order Forward) order, which cancels another order.
[01:15] I'll explain the remaining orders in future videos, God willing. So make sure you subscribe to the channel and like the video so it reaches as many people as possible, and everyone can benefit. The important thing is that the OCO feature is considered one of the most
[01:29] advanced and powerful orders because it allows you to place two different buy or sell orders simultaneously on the same currency. If one order is executed, the other is automatically canceled. The idea is that it makes it
[01:41] easier for you to manage your buying or selling operations without constantly monitoring the market, and it allows you to enter the market in two different scenarios. But you might be wondering why you use OCO in trading. Well, we use OCO...  In order to do two very important things at the same time, the first
[01:57] thing is to place an order at a specific price, whether to buy or to sell.  The second thing is that you can place a second order in the opposite direction if the market moves differently than you expect. In short, it's a feature that makes you ready for any scenario you face in the market, whether it's a rise
[02:13] or fall in price, without having to manually place and cancel orders all the time. To explain it to you exactly and in detail, my friend, the "one order cancels the other" feature, if you're buying, is a tool that lets you place two buy orders at the same time. The first is to buy at a price lower than the
[02:29] current price if the market is falling, and the second is at a price higher than the current price if the market breaks through price higher than the current price if the market breaks through resistance and rises. As soon as one of them is executed, the second is automatically canceled. The idea here is that you ensure you enter the market whether it's falling
[02:44] or rising without having to constantly monitor prices. Now let me explain to you practically, with numbers, how to buy, and then, of course, I'll explain how to sell. So pay close attention because you might get confused between buying and selling. Anyway, if you're buying
[02:59] using OCO, you'll find it here on the page.  The first part is the take-profit order, which is written in the "Take Profit Limit" field. Here, you enter the price at which you want to buy if the price
[03:11] drops below the current price of the currency. For example, if the current price of Bitcoin is $114,550 and current price of Bitcoin is $114,550 and you believe that if the price drops to $0,000, it
[03:23] will be a very suitable price to buy at, you would enter that number here. The second part is the stop- loss order, and directly below it, you will find two fields. The first field is "Activate Stop Loss," which is the price at which, if the market reaches it, a second buy order will be activated. Note that this is not the price at which
[03:39] you will buy; rather, you enter here the number at which, if the Bitcoin price reaches it, a second buy order will be activated at a higher price than the one you entered here. For example, if the current price of Bitcoin is $114,550 and you want to buy Bitcoin if
[03:56] its price breaks the resistance at, say, $115,000, you would enter the  Here, 115,000 is the first field, and the second field is the stop-loss order. Here, you enter the actual price at which the buy order will be executed
[04:08] after the breakout, meaning after the price reaches the price specified in the stop-loss activation field. Of course, the price here must be slightly higher than the previous price you set in the stop- loss activation field. For example, if you entered $115,000 here, you would enter $115,100 here. If you
[04:26] click here and change this field from stop-loss to market, it will buy immediately at the market price after the price reaches the price you set in the stop- loss activation order. Then, you enter here how much Bitcoin you want to buy, whether it's $100 or $1,000. As soon as
[04:41] you enter the amount you want to buy with, it will automatically tell you how much Bitcoin that is equivalent to. Then, click "Buy BTC," and the buy order will be ready. For selling, this feature allows you to enter...  Two sell orders simultaneously: a sell order to take
[04:56] profits at a price higher than the current price, and a stop-loss order to protect yourself if the price drops significantly. As soon as one is executed, the other is automatically canceled. This feature is extremely important when selling because it allows you to manage the trade intelligently without having to
[05:11] monitor the market 24/7. If the price rises to your target, you sell and profit; if the price suddenly drops, you exit with a small profit or loss, preserving your capital. To illustrate this further, let's consider a practical example with numbers. Suppose you own 0,085, five
[05:28] Bitcoins, and the current price is, say, rises to $115,000 to make a profit, but you're also concerned about the price
[05:41] falling below $114,000. In this case, you would simply use...  The OCO (Optical Trading Object) works exactly as follows: In the first box, labeled "Take Profit Limit," enter $115,000, the price at which you
[05:55] will realize your quarterly profit. Then, set your at, say, $113,800. This is the price at which the sale will
[06:11] actually occur after the stop-loss order is activated. It must be slightly lower than the previous price. Enter the amount of Bitcoin you want to sell. The value you should receive if the sell order is executed will automatically appear here. This value
[06:27] reflects the selling price you entered in the first box, "Take Profit." Finally, click " first box, "Take Profit." Finally, click " Sell," and that's it.