#TradingPairs101 โ
๐ #TradingPair101 โ Master the Basics! ๐
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โBefore you dive into the markets, understanding trading pairs is crucial. Whether it's BTC/USDT or ETH/BTC, hereโs what you need to know:
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โ๐ A trading pair shows how much of one asset (quote) is needed to buy 1 unit of another (base).
โ๐ข Example: In BTC/USDT, BTC is the base, USDT is the quote. If BTC/USDT = 67,000, it means 1 BTC = 67,000 USDT.
โ๐ Want to trade ETH for BTC? Use the ETH/BTC pair. Always check liquidity and spread!
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โโ Tip: Always double-check which asset you're buying and which you're selling. One mix-up could cost you. ๐ธ
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โ๐ Stay sharp, trade smart.
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#CryptoEducation๐ก๐ #TradingTips #TradingForBeginners #altcoins
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