Day Trading: Market Pairs
https://executium.com - Trading constitutes an exchange of assets, usually displayed as a pair with a forward slash in between them.
A pair consists of a base and a quote. The base is the first asset of the pair in which when you purchase an asset, you are purchasing the base with the quote.
Conversely, the quote represents the counter currency. When selling an asset, you will sell the base to receive the quote.