#TradingPairs101 Basic Guide to Understanding Trading PairsIn the world of trading, a trading pair is the combination of two assets that are exchanged in a market, such as cryptocurrencies, currencies, or stocks. For example, in the pair BTC/USD, you buy Bitcoin (BTC) paying with US dollars (USD). The first asset is the base currency and the second is the quoted currency.There are three main types of pairs:Major pairs: Involve strong currencies like USD/EUR. High liquidity, low spreads.Minor pairs: Without USD, like EUR/GBP. Less liquid, but interesting.Exotic pairs: Combine a strong currency with one from emerging markets (USD/MXN). Higher risk and volatility.How do they work? The price of the pair reflects how many units of the quoted currency you need to buy one unit of the base currency. For example, if BTC/USD is at $60,000, one Bitcoin costs 60,000 dollars.Tip: Before trading, study the liquidity, volatility, and market news. Use technical and fundamental analysis to make informed decisions. Choose pairs with high liquidity to start!