DislikedActually the pips DO matter!
if you have a strategy that works equally well amongst several different pairs. You want to choose the pairs to trade that return the BIGGEST number of pips profit.Ignored
To get the same % change on the account, simply trade 1.45 mini lots of EUR/USD. Booom = GBP/USD. Just about anyway. This is why pips do not matter, only %.
If I wanted a lot of pips I would trade USD/MXN or something.
I still like EUR/JPY. It has a small spread (should be less than 4), and gives some good movement. It also gives you the benefit of the carry trade aspect.
The market is my nation. Traders, my family. Hello, brothers and sisters!