Disliked{quote} Sure, spread for those still learning is important, as is the personality of the pair, so a pair like NZDUSD or EU are going to be more suitable for someone who is still learning the markets, but after you want a pair that really moves when it does. Spreads around the 1-4 mark are irrelevant because whether you're on a 1p pip or a 4 pip spread, a bad entry is still going to be a bad entry and will get stopped out on either. The bigger spreads and the pairs with the highest ATR will require a larger stop loss, but I'd rather be capturing...Ignored
your own risk profile, so with a smaller stoploss your lotsize will be bigger, so as long as the TP is at the minmum of more than 1:1 RR or greater, your profit should be very similar. Yes you may have bagged more pips in number, but the bottom line is profit over capital risked.
I don't think it has anything to do with being a newbie or not. Again, it is about the personality of the trader & the currency pair.
The Only Limit, is the One that you Set Yourself - Felix Baumgartner