#TradingPairs101 #TradingPairs101

When I first entered the world of trading, I thought that all currencies were bought only with dollars. I didn't know there was something called trading pairs, nor what the difference was between BTC/USDT and ETH/BTC, for example. After a period of learning and experimenting, I began to understand that choosing the right trading pair has a significant impact on the trade. Sometimes the currency itself is good, but the pair you are trading in may not have enough liquidity or may move strangely.

One of the things I learned is that some pairs are more stable and easier to predict their movement, such as pairs against USDT, because they are tied to the dollar and their price is clear. On the other hand, pairs against currencies like BTC or ETH tend to have more complicated movements because you are tracking two currencies at the same time, not just one.

I always ask myself before any trade: What pair gives me the best price and execution? Do I need to convert my profits back to dollars or invest them in another asset? Many times, I use pairs against BNB or BTC because I don't want to go back to cash, I just want to switch between projects. I have come to realize that choosing the pair depends on my goal for the trade and the overall market condition.