Both Sides, Both Ways
Noun and の adjective
りょうほう
姉も妹も、両方とも大さかにすんでいます。
My older and younger sisters both live in Osaka.
じかんはあるんだから、両方やってみたら？
You've got time, so why don't you try it both ways?
ダメだよ！両方とも僕のだよ。
Nope. They’re both mine.
Here you have both directions / ways. Every time you have to choose between something it's like having to choose between two ways. That's why this word is simply both.
Close to the kanji is the meaning both sides, as well. Learn either for 両方, they're pretty similar.
This is a jukugo word that uses the on'yomi readings of the kanji. You should be able to read this on your own.