#TradingPairs101

Trading Pairs 101: A Beginner's Guide 🏞️

Understanding Trading Pairs

A trading pair represents the exchange rate between two assets, such as currencies or cryptocurrencies.

In trading, one asset is exchanged for another.

Key Concepts:

Base Asset: The first asset in the pair, which is bought or sold.

Quote Asset: The second asset, used to price the base asset.

Exchange Rate: The price of the base asset relative to the quote asset.