It's a slang term for the exchange rate between the two. The pair is also known as the "Beast," the "Dragon" and sometimes the "Widow Maker" — which ought to tell you something. That question can be answered with one simple word: There are even Geppy blogs fully dedicated to telling tales of its moves. Geppy is popular for the same reason that it's dangerous — it moves with extreme volatility. It's exciting and has the potential for big scores as well as devastating losses.
Tight stops and poor risk management can kill your account in a matter of days rather than weeks with this pair. But this is definitely a pair that beginners should stay away from. What's unfortunate is that the volatility can cause a sound trading system to lose money fast because the veracity of the pair is often trendless. The moves that have taken traders out were simple, very volatile moves in a consolidation phase. Geppy can be traded with extreme care and with very good risk management.
This pair has been known to average a move of pips a day, and it moves as much as pips on some days. The upside of this is that you can aim for higher targets.
This pair requires a lot of respect. The moves happen quickly, and they are big. If you plan on scalping , be careful not to get scalped yourself. If you're a beginner, find another pair to trade until you get the hang of Forex trading.
The more experience you have, the better. Even if you do have trading experience, start with "toe in the water" trades and trade this pair for two to three weeks before moving on to bigger trades. Everyone loves the idea of collecting pips quickly, but this pair can giveth and taketh away in very short order. If you keep that in mind, you should be fine. Once you get the hang of it, you may find that you're hooked. It's been said that once you go Geppy, you'll never go back. Updated September 03, Why would anyone call a currency pair a beast?More...