#TradingPairs101

Trading Pairs 101: A Beginner’s Guide

In trading, a pair involves two assets: one bought and one sold. In Forex, currency pairs like EUR/USD represent the Euro against the US Dollar. The first currency is the base currency, and the second is the quote currency. Understanding these pairs is crucial for analyzing price movements and making informed trading decisions. Traders often categorize pairs into majors, minors, and exotics, each with varying liquidity and volatility. Familiarity with these classifications helps in selecting suitable pairs based on trading strategies and risk tolerance.

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