🎯 What are trading pairs?
Trading pairs are the assets you can exchange for one another.
Example: In the BTC/USDT pair, you are doing:
Buying Bitcoin using Tether (USDT).
or sell Bitcoin for USDT.
📌 The first currency = the base currency
📌 The second currency = the quote currency
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🔎 Common examples:
BTC/USDT ➜ You buy/sell Bitcoin for digital dollars.
ETH/BTC ➜ You buy Ethereum using Bitcoin.
BNB/USDT ➜ You buy BNB for USDT.
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🧠 How do you choose the right trading pair for your strategy?
1. 🎯 Define your goal: Investment or quick trading?
Long-term investment: Focus on stable pairs (like BTC/USDT).
Day trading: Choose pairs with high liquidity and strong price movement (like ETH/BTC or SOL/USDT).
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2. 💧 Ensure liquidity
Common pairs = faster execution orders and lower spreads between buy and sell.
Use the [Markets] section in #Binance to see the trading volume for each pair.
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3. 📉 Easier technical analysis
Pairs like BTC/USDT or ETH/USDT provide clearer technical signals due to high trading volume.