#TradingPairs101 #

When I first entered the trading world, I thought all currencies could only be bought with dollars. I didn't know there was something called trading pairs, nor did I understand the difference between BTC/USDT and ETH/BTC, for example. After a period of learning and experimenting, I began to understand that choosing the right trading pair has a significant impact on the trade. Sometimes the currency itself is good, but the pair you're trading in might not have enough liquidity or might behave strangely.

One of the things I learned is that some pairs are more stable and easier to predict in their movements, like pairs against USDT, because they are tied to the dollar and their price is clear. On the other hand, pairs against currencies like BTC or ETH tend to have more complex movements because you are tracking two currencies at the same time, not just one.

I always started asking myself before any trade: What pair gives me the best price and execution? Do I need to convert my profits back to dollars or invest them in another asset? Many times I use pairs against BNB or BTC because I don't want to go back to cash; I just want to swap between projects. I came to realize that the choice of pair depends on my goal for the trade and the overall market condition.

Choosing the pair has become part of my decision-making process; I don't just trade because I see a currency rising. I have to see which currency I will be trading against and how this pair has moved in the past few days. I learned to monitor volume, liquidity, and spread before opening the trade. And that is a big difference from the old days when I would just hit buy and that was it.