Would you people sort of equate pips to cents per share? I look for 30-50 pips. If the pair doesnt have 30 pip in the trade that I see I cant enter. I do the same with stocks. I need 30-50c as a target or the R/R is not there.
yes, but in terms of money, there is quite a big difference between 30 pips and 30 cents, due to the crazy margin most forex traders are on.
I don't have or even think in terms of minimums, simply take as much as I get of whatever the market was offering (based on my technique) that day.