For example I noticed that EUR/JPY is pretty good, and EUR/USD, while AUD/JPY not so much. What I mean is, if I go full margin on a trade, aud/jpy will need to travel a lot more to give me the same amount of money which eur/jpy or eur/usd would give me sooner.
More volatility = more pips/day movements. Exotics are going to be the most volatile on a long term basis. Although some brokers may reduce leverage on exotics for that very reason. On a short term basis just about any pair can become the most volatile, but that will often change. The most volatile pair this month can become the least volatile pair next month.
Unless you have a rock solid strategy for volatile trading environments then that just means you will be giving your money to the market much faster than a less volatile pair.
XAUUSD (gold) is a good one.
Do you mean carry trading? If you Google this term, I’m sure you’ll find a list of good pairs for doing it.
GBPJPY in this case; by the way’ you have to practice enough in demo before adding any new instrument in your live chart.
Definitely. I’d practice for at least 2 months and make sure I’m profitable before going live with a new pair.