📊 #TradingPairs101 – The Basics You Need to Know! 💹
When trading in forex or crypto, you’ll always see assets listed in pairs – like EUR/USD or BTC/USDT. But what do they really mean?
🔁 A trading pair compares the value of one asset to another.
💰 In EUR/USD, you're trading euros against US dollars.
If the pair is at 1.10, it means 1 euro = 1.10 dollars.
📈 If you think the base currency (first one) will rise against the quote currency (second one), you go long (buy).
📉 If you think it’ll fall, you go short (sell).
💡 Tip: Always study the pair's volatility, economic indicators, and trading volume before placing a trade.
Start small, stay informed, and master the pairs before scaling up. 🚀
