#TradingPairs101

So what are trading pairs and how do they work? Let's talk about this topic!

Trading pairs consist of two cryptocurrencies that are exchanged for each other, for example, BTC/USDT. The first currency is the base currency, and the second is the quote currency. When choosing pairs for my strategy, I pay attention to liquidity and volatility. High liquidity allows for quick order execution, while volatility creates opportunities for profit. I also analyze the correlation between pairs: sometimes it's better to trade pairs that move in the same direction to minimize risks. Additionally, I take into account news and events that may affect specific cryptocurrencies. It is important to constantly monitor the market and adapt my strategy based on changes.