#TradingPairs101 What is a trading pair?

“Trading pairs” or “cryptocurrency pairs” are assets that can be traded for each other on an exchange. Two specific examples of trading pairs are bitcoin/litecoin (BTC/LTC) and ether/bitcoin cash (ETH/BCH).

Which trading pair is best?

EUR/USD. EUR/USD – or the 'fibre' – is widely considered the most popular forex pair as it typically comes with the highest volume and among the lowest spreads. ...

USD/JPY. ...

GBP/USD. ...

USD/CNY. ...

USD/CAD. ...

AUD/USD. ...

USD/CHF. ...

USD/HKD.

How to read trading pairs?

Here's how to read crypto trading pairs effectively: Identify the Base and Quote: In the pair, BTC/ETH, BTC is the base, and ETH is the quote. This tells you the value of Bitcoin in terms of Ethereum. Understand the Price: The price of the pair shows how many ETH are needed to buy one BTC.

Is forex trading legal in India?

AI Overview

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Yes, forex trading is legal in India, but with significant restrictions imposed by the Reserve Bank of India (RBI) and the Foreign Exchange Management Act (FEMA). Specifically, it's legal to trade currency pairs that involve the Indian Rupee (INR) against major global currencies like USD, EUR, GBP, and JPY, but only through authorized brokers and within the parameters set by FEMA.