#TradingPairs101 TradingPairs101 $ETH $XRP What is Trading Pairs in Cryptocurrency?

Trading pairs in cryptocurrency mean buying and selling cryptocurrencies in pairs, such as BTC/USDT or ETH/BTC. The exchange rate of one cryptocurrency against another is determined.

Types of pairs in cryptocurrency

- *Major currency pairs*: such as BTC/USDT, ETH/USDT.

- *Minor currency pairs*: such as LTC/BTC, BCH/ETH.

- *New currency pairs*: such as newly listed cryptocurrencies on exchanges.

Trading strategies for pairs in cryptocurrency

- *Trend following strategy*: trading in the direction of the market.

- *Breakout strategy*: entering after breaking strong support or resistance levels.

- *Moving average strategy*: using moving averages to determine market direction.

Risk management in trading pairs

- *Determine risk-reward ratio*: ensure the expected return exceeds the potential risk.

- *Use stop-loss and take-profit*: set stop-loss and take-profit levels before opening a trade.

- You must learn technical and fundamental analysis to understand market movements and determine entry and exit points. Manage your capital wisely; do not risk more than 2% of your capital in a single trade.

Stay informed and follow market news and exchange updates.$BTC