#TradingPairs101
🔁 #TradingPairs101
In the world of crypto, when you trade... you are not just buying a currency, you are trading a trading pair!
What does this mean? 🤔
💱 Trading pair = Comparison between two currencies
For example:
🔹 BTC/USDT → You buy or sell Bitcoin against Tether
🔹 ETH/BTC → You buy Ethereum against Bitcoin
📌 There are two main types:
1️⃣ Stablecoin Pairs:
Like BTC/USDT or ETH/USDC
✅ Easy to price
✅ Ideal for beginners
2️⃣ Crypto-to-Crypto Pairs:
Like SOL/ETH or MATIC/BTC
✅ Useful for directly swapping assets
⚠️ Requires a stronger understanding of market movements
🎯 Choosing the right pair is important for understanding profit and loss, and accurately tracking market trends.