#TradingPairs101 *Trading Pairs 101*
*What are Trading Pairs?*
- Two assets traded against each other (e.g., BTC/USDT, EUR/USD)
- Value of one asset relative to another
*Types of Trading Pairs:*
- *Major Pairs*: Most liquid and widely traded (e.g., BTC/USDT, ETH/USD)
- *Minor Pairs*: Less liquid, often involving smaller cryptocurrencies or fiat currencies
- *Exotic Pairs*: Rarely traded, often involving emerging market currencies
*Importance of Trading Pairs:*
- Determine market value and liquidity
- Influence trading strategies and risk management
- Provide opportunities for arbitrage and speculation
Understanding trading pairs is essential for navigating markets and making informed trading decisions.