#TradingPairs101 TradingPairs101: Understanding Currency Pairs*

In trading, a trading pair represents the exchange rate between two currencies. It's essential to understand how trading pairs work.

Key Components:

1. *Base Currency*: The first currency in the pair (e.g., EUR/USD, EUR is the base currency).

2. *Quote Currency*: The second currency in the pair (e.g., EUR/USD, USD is the quote currency).

How Trading Pairs Work:

1. *Exchange Rate*: The price of the base currency in terms of the quote currency.

2. *Buying*: Buying the