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You can make fun with your live account if you have a big capital in your live account. Otherwise this is not good advice anyway. Because double lot can vanish your account in minutes if you have not got much information about the market trend and you don't idea that at what direction is going to move. So I always prefer 2% lot value of your capital.
I don't agree that we can double the lot size. it is a money management strategy, we don't trade randomly . we can double the lot if we doubled the capital, so if you are trading with a risk of 10% with a capital of 1000$ you should do the same to the capital 2000$ and trade with 10% also.
yups, it's true if you said double lots=double profit. but i think if you don't have more knowledge of trading i suggest you to play with 1 lots.
dear some time i use this strategy. you are right. double profit and double losing are ok.but if we be care full about that. then we can get more profit form this strategy.
its just depend upon your risk potential... there is no harm if people take double lot but investor always keep in mind and analyse their risk potential.. if you have proper knowledge of market factors and fundamentals then you can increase you lot size but if you don then it is advicible to trade at smaller lot size
maby It is possible in forex trade by double lot double profit, but some times double lots make double loss. The strategy is not in money management rules. If you do not follow money management ultimately you may lose your all invest. So be careful in forex trade...
my viewpoint is it is the same as if you use little lot then you win or reduce little too but if you use larger lot then you win or reduce larger too. so it relies on your control.
double lots, double profit but double risk also. dont just want to get profit only, but we must think that with double lot, we must take double risk also. we must manage our risk if we want to get good profit
yes, i am agree with you that if you ope a order with big lot size than you also can make big profit. But it can be against your idea too. Because if your trade go against your target than you will be big loss in Forex. so i think that trade with money management will be better for your.
I think many trader compound their balance with their profits and then they can increase the lot for Forex trading and get more profits from them and it is like double lot too. When the trader increase the lot size so they just increase the risk too.