#TradingPairs101 Trading pairs refer to the two assets being exchanged in a trade. Here's a breakdown [1]:
- *Currency Pairs*: In Forex, trading pairs involve exchanging one currency for another (e.g., EUR/USD).
- *Cryptocurrency Pairs*: In crypto trading, pairs involve exchanging one cryptocurrency for another (e.g., BTC/ETH) or a cryptocurrency for a fiat currency (e.g., BTC/USD).
- *Major Pairs*: Widely traded pairs with high liquidity, such as EUR/USD or BTC/USDT.
- *Minor Pairs*: Less frequently traded pairs with lower liquidity.
- *Pair Selection*: Choosing the right trading pair depends on market analysis, trading strategy, and risk management.
Understanding trading pairs is essential for navigating financial markets and making informed trading decisions.