Trading Pairs:
- A trading pair consists of two assets traded against each other (e.g., BTC/USD).
- Types:
- Fiat-Crypto (BTC/USD)
- Fiat-Fiat (EUR/USD)
- Commodity-Crypto (XAU/BTC)
Key Considerations:
- Liquidity: High liquidity = stable and easy trading
- Volatility: Some pairs are riskier but potentially more profitable
- Market hours and regulatory environment also matter
Choosing a Trading Pair:
- Consider market trends, liquidity, risk tolerance, and asset correlation
- Select pairs that fit your trading strategy and risk level