#TrumpVsMusk
When you trade one currency against another, you are trading a pair like:
BTC/USDT = You buy or sell Bitcoin against the digital dollar (USDT).
ETH/BTC = You buy or sell Ethereum against Bitcoin.
---
💡 Types of Trading Pairs:
1. Fiat Pairs:
Like BTC/USDT or ETH/USD – used to measure the value of the currency against the dollar.
2. Crypto-to-Crypto Pairs:
Like SOL/ETH or MATIC/BTC – used to exchange currencies without the need to convert them to dollars.
---
🧠 Tips for Understanding Trading Pairs:
The pair is read from left to right:
BTC/USDT means how much USDT you need to buy 1 BTC.
If you expect the left currency (BTC) to rise, you can buy (LONG).
And if you expect it to fall, you can sell (SHORT).
---
⚠️ Important Notes:
Always understand the second part of the pair (Is it dollars? Or another currency?).
Some pairs are more liquid (like BTC/USDT), which makes trading in them faster and less risky.
Unknown or low liquidity pairs may have high spreads (Slippage).