#TradingPairs101 are you looking for a basic guide or explanation of trading pairs in cryptocurrency, forex, or stocks? Here's a quick breakdown to get you started:
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🚀 Trading Pairs 101: What Are They?
A trading pair refers to two different assets that can be traded for one another on an exchange. They show the relative value of one asset compared to another.
📊 Examples:
Crypto: BTC/USDT — How many USDT (Tether) you need to buy 1 BTC.
Forex: EUR/USD — How many USD you need to buy 1 EUR.
Stocks (less common in this form): Might involve using a currency to buy international equities.