#TradingPairs101 🔄 Trading Pairs – When you enter the market... don't enter alone!
#TradingPairs101
In the world of cryptocurrencies, currencies are not traded alone as if they are solitary kings 👑, but you enter the market in pairs... just like boxing matches 🥊.
🪙 What is a trading pair?
It is simply a comparison between two currencies. Example:
BNB/USDT means:
"How much USDT do you need to buy one unit of BNB?"
🔁 Common types of pairs:
1. Pairs with stablecoins (like USDT, BUSD):
Here you know exactly how much you earn or lose in dollars.
Clear as day… and suitable for the faint-hearted 🫣
2. Pairs with major currencies (like BTC or ETH):
Here lies the real challenge… you earn one currency for another, and you may gain on one side and lose on the other without realizing it!
Like winning the match and losing your shoes 🥴
3. Strange unknown pairs (e.g., FLOKI/SHIB):
This is a circus arena, not a market. You enter it of your own will, and you exit… if you exit… with repentance 🤲
💡 The golden lesson?
Choose your pair wisely, and don't get carried away by strange names…
For not everyone who promises you the moon even has a ladder!
