#TradingPairs101 do they work?**nnTrading pairs are the foundation of the cryptocurrency market and other assets. A trading pair shows how much of one currency you need to buy another. For example, in the BTC/USD pair, you are exchanging Bitcoin for US dollars. The first asset, in this case Bitcoin, is called the base currency, and the second, the USD, is the quoted currency.nnThe price of the pair indicates how much one unit of the base currency costs in terms of the quoted currency. Traders use these pairs to speculate on price fluctuations and take advantage of investment opportunities. There are many different pairs, such as ETH/EUR or LTC/BTC, which allow for diversification and risk management. Understanding how trading pairs work is essential for navigating the cryptocurrency market and making informed decisions. It is the key to starting to trade with confidence!