#TradingPairs101
Trading Pairs are asset pairs traded together in the financial market, such as:
Forex: EUR/USD, USD/JPY
Cryptocurrency: BNB/USDT, ETH/BTC
Securities: AAPL/USD, GOOGL/USD
There are 2 main types of Trading Pairs:
1. Major Pairs: These are popular asset pairs with high liquidity, such as EUR/USD, USD/JPY.
2. Minor Pairs: These are less popular asset pairs with lower liquidity, such as EUR/TRY, USD/MXN.
When trading with Trading Pairs, you should note:
The price of the asset pair will change based on supply and demand in the market.
You need to analyze and predict the price trend of the asset pair to make accurate trading decisions.
You need to manage risk and use protective tools to limit losses.