#TradingPairs101 #TradingPairs101
Hashtag #TradingPairs101 means a simplified explanation of the concept of trading pairs in digital currencies or financial markets.
Here’s the concise information:
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🔄 What is a Trading Pair?
It is a pair of assets (like two currencies) that can be traded between each other.
✅ When you buy or sell a currency, you are always exchanging it for another currency, and this forms a "pair".
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📌 Examples:
1. BTC/USDT
🔹 Means you buy or sell Bitcoin for Tether (digital dollar).
2. ETH/BTC
🔹 Means you buy or sell Ethereum for Bitcoin.
3. SHIB/USDT
🔹 You buy or sell Shiba for Tether.
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🧠 How do I use trading pairs?
If you have USDT and want to buy a currency, choose a pair that has /USDT.
If you have BTC, you can buy currencies using pairs like SOL/BTC or ADA/BTC.
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🎯 Notes:
The first currency in the pair is the currency you are trading (buying or selling).
The second is the currency you pay or receive in exchange.