In the trading market, the trading pair refers to the participants who trade with themselves. In stock, futures, foreign exchange, funds and other financial markets, if you want to buy or sell an underlying asset, then the counterparty is the person you trade with. With the rapid change of the trading market, the behavior of the counterparty has a vital impact on the price response and the change of market sentiment.

In actual transactions, the counterparty can be any market participant, whether institutional investors, individual investors, transaction service providers or other institutions, and may become your counterparty. Different counterparties have different interests, risks and trading strategies. If the behavior of the counterparty cannot be accurately identified and analyzed, it is difficult to conduct effective trading.

For traders, the relationship with their counterparties is a dynamic process. In the changing market environment, traders need to constantly identify and analyze their counterparties and adjust their trading strategies at any time. At the same time, the counterparty's behavior is also affected by many factors, including market sentiment, market macro-environment and policy changes, so it is necessary to fully study and analyze the counterparty's behavior. Only by deeply understanding the counterparty and accurately predicting the market trend can we win more profits in the trading market.