Trading pairs are two types of assets traded against each other on an exchange, most commonly in the cryptocurrency and forex markets. For example, the BTC/USDT pair indicates that you are trading Bitcoin for Tether. The price of one asset in the pair is expressed in terms of the value of the other asset. Understanding trading pairs helps investors accurately determine prices, trading fees, and choose the appropriate market. Additionally, trading pairs affect liquidity and investment strategies. Some popular pairs include BTC/ETH, EUR/USD, or BNB/USDT. Mastering this concept helps you trade more effectively and reduce risk.