"The fact that trading for pips is so widely accepted is a sign...

"The fact that trading for pips is so widely accepted is a sign of how much the markets have lost their way

Trading for pips is just an uncertain market without strength or direction - hasn't changed since '07 & unlikely to do so for some years yet GFC wasn't a flash in the plan thing & it's still creeping around the globe without any real sign of a solution. Props only work for so long nobody wants to be there when the rug gets pulled so they trade pips - nothing new.