#TradingPairs101
🔁 #TradingPairs101
📊 Trading Pairs = A comparison between two currencies to determine value 📈📉
Example: The BTC/USDT pair indicates how much 💵 (USDT) is needed to buy 1 🪙 Bitcoin (BTC).
🔄 When you trade a pair, you are buying one currency and selling the other at the same time.
🟢 If you expect BTC to rise against USDT, you buy the pair.
🔴 If you expect the opposite, you sell the pair.
💱 There are two types:
1️⃣ Pairs against stablecoins like USDT or BUSD
2️⃣ Crypto-Crypto pairs like ETH/BTC
🔍 Importance of choosing the right pair:
Access to the best market opportunities 🚀
Reducing fees and random fluctuations ⚖️
🧠 Tip: Before trading, understand the relationship between the two currencies, liquidity, and the spread 📉📊
💡 Trading pairs = Keys to smart entry and exit from the market 🔑