#TradingPairs101 Trading pairs:

Definition: A pair of assets traded against each other.

Example: BTC/USDT, where Bitcoin is traded for Tether.

Types: Cryptocurrency pairs (e.g., ETH/BTC), fiat currency pairs (e.g., USD/EUR).

Key aspects:

Base currency: The first currency in the pair (e.g., BTC).

Quote currency: The second currency in the pair (e.g., USDT).

Exchange rate: The price of the base currency in terms of the quote currency.

Importance: Understanding trading pairs is essential for navigating cryptocurrency markets and making informed trading decisions. It helps traders analyze market trends and execute trades effectively. Trading pairs are fundamental to trading strategies.