#TradingPairs101
TradingPairs101: The Basics You Need to Know ๐ก
Ever wondered how you actually trade crypto or forex? It all starts with trading pairs โ and understanding them is step one to becoming a smarter trader.
A trading pair is a comparison of two different assets. Youโre not just buying Bitcoin โ youโre trading BTC/USDT, or maybe ETH/BTC. The first asset is what you're buying/selling; the second is what you're using to measure its value.
๐ Common examples:
BTC/USDT โ Buy/sell Bitcoin using Tether (a stablecoin)
ETH/BTC โ Trade Ethereum relative to Bitcoin
USD/EUR โ In forex, trade the U.S. dollar against the euro
๐ Why it matters: โ You need the right quote currency โ You can spot arbitrage opportunities โ It impacts your profits and strategy
Whether youโre in crypto, forex, or just curious โ understanding pairs is foundational.
๐ง Stay tuned for more tips in this series!