#TradingPairs101
Welcome to the world of trading pairs – where the real game begins in the world of cryptocurrencies and foreign currencies (Forex). Let me explain it to you in a simple and straightforward way, without any beating around the bush.
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✅ What is a trading pair?
A trading pair simply means that you buy a currency using another currency.
For example:
BTC/USD = you buy or sell Bitcoin against the dollar
ETH/BTC = you buy or sell Ethereum against Bitcoin
It's like saying: "How many apples can I buy with a dinar?" – but here instead of apples and dinars, we are talking about digital currencies or real currencies.
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🧠 How do you understand the format?
Each pair is written in the form:
BASE / QUOTE
Base currency: the one you buy or sell
Quote currency: the one you pay/receive with