#TradingPairs101

In trading, a trading pair refers to the combination of two assets that are traded against each other. For example, in the EUR/USD pair, the euro is quoted against the US dollar. The value of the pair indicates how much one unit of the base asset (EUR) is worth in terms of the quote asset (USD). Trading pairs can be in currencies, cryptocurrencies, stocks, etc. Understanding how trading pairs work is essential for operating in financial markets, as it allows traders to take advantage of price fluctuations and manage risk effectively.