In the forex stakes all is not equal, especially in respect to currency pairs. Majors for example move a lot more than exotic pairs, even when you isolate the majors it isn't exactly a level playing field either. Using just two examples on a D1 chart in reference to their respective ATR index we have (as of today).
GBPJPY with a range of 171 and
CADCHF with a range of 91.4 pips.
As we can see by the latter there is nothing fast and furious going on here. On the other hand king pin gbpypy is a different story. It is nothing to see this particular pair along with its equally volatile counterpart the gbpusd move 200 pips or more in one day, given the right fundamentals at play eg monthly NFP release.
All things being equal and naturally so a more volatile pair requires a larger stop than a low volatility pair. I might add though that this is not an everyday occurrence and even the gbp has an off day once and awhile.
Some quieter pairs can swim around in a metaphorical quadmire for days before reaching a take profit and even the occasional stop less. Hey that happens to the best of us from time to time. The point being that you can be in trade a lot longer in some pairs than you can in others which all effects your end of month target goal.
Slow moving pairs can be advantageous though, especially if you happen to be a complete newbie on a live account, because you can by referencing the ATR initiate a tighter stop loss.
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