#TradingPairs101

In the world of cryptocurrencies, trading pairs are considered one of the fundamental concepts. A trading pair is a comparison of the price of two digital currencies or assets. A common example is BTC/ETH, which illustrates the amount of Ethereum needed to purchase Bitcoin. There are two main types: major pairs (like BTC/USD) and cross pairs (like ETH/BTC). Understanding trading pairs helps in making better decisions, as price changes and volatility depend on them. Using trading pairs strategically can help in achieving profits through hedging and speculation. Therefore, understanding the basics of pairs is essential for every successful trader.