#TradingPairs101 #TradingPairs101: A trading pair is two types of currencies or assets that are traded against each other in the financial market, such as BTC/USD or ETH/BTC. The pair consists of the base currency and the quote currency. For example, in BTC/USD, BTC is the base currency, and USD is the quote currency. The price of the pair reflects the exchange rate, such as 1 BTC = 50,000 USD. Understanding trading pairs helps traders assess market trends, manage risks, and optimize profits. Be sure to study price volatility and liquidity carefully before trading! #CryptoTrading #Finance
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.