Trading pairs represent the two assets you exchange in a trade, commonly seen in crypto and forex markets. For example, in the BTC/USDT pair, you're trading Bitcoin against Tether. The first asset (BTC) is the base currency, and the second (USDT) is the quote currency—meaning you're buying BTC with USDT. Pairs can be fiat-to-crypto, crypto-to-crypto, or fiat-to-fiat. Understanding trading pairs helps you navigate exchanges, read price movements, and make informed decisions. Choosing the right pair impacts fees, liquidity, and trading strategy. Always analyze pair strength, market trends, and volume before entering a trade. It’s core to effective trading.