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double lot = double profit = double loss.we should bear in mint that,if i win in a trade,then a particular trader loss in this trade.so,i think that is not wise to use double lot.better use proper money management. cut your cloth according to your coat. you should invest the amount that your capital & risk management strategy says. Otherwise double lots may make your capital to zero in half time.
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Double lots not always yield double profits , to make double profit we also need to have accurate trade signal to enter the market. Otherwise the same double lots can make us to loose more than what we can afford to loose. Hence while trading with double lots we should make sure that our stop loss is choosen at right price. Double or multiple lots involves so much risk unless the trader is very much experienced. As a beginner it is better to start with a single lot. In case the trade fails, at least there is an opportunity to place further orders as there will be balance in our account. With double or multiple lots, a losing trade would usually wipe of the account in case of a newbie. So, my opinion is never try double lots till you are enough experienced in the market and have made profits consistently.
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I think its not good to take double lot, it also take double risk for your money.
Do not put your money in one basket
Take another currency to trading
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Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.===========
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Today market analysis
You will earn more money if you will follow my views,because I have posted this after checking the previous routine oaf daily time frame of H1,H4 clearly. some traders use fundamental analysis, other use indicators or supports and residences , believe on your own strategy.
This is very risky investment. According to my limited knowledge the investors should wait and see the every aspects of the market. The investor checks the actual worth of the stock in the market.
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Trade is an business so every body need to trade for a long time to control his establishment otherwise he can be fail easily, so when a trader start to trade he should be acre about his capital capacity , his capital capacity must be control to his trade capacity volume, so when he take risk out of his volume capacity he can be face to loss, So if any trader want to earn more profit from give double lot he have to proper capital volume.
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as for me I think the most dangerous part of forex trading is when you try to double our fate in other for us to gain more profit, but we could be right and wrong at the same time if we we need more equity in the other to be the team that wins the trade always based on my understanding, think twice before doubling our lot hi all now i have good idea and good opinion about double lot,we may use it when we have much balance.then we may use double lot just to recover our lose that mean its just for hedging when we open buy then get minus such as 15 pips we will double lot if our lose get recover we will close all this,,how about my opinon?
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yes dounle lots means double profit. but it dont happen always. That is why if you want to trade in double lots make sure your account can take the strain because the market might go against you. And it's very dangerous. And I think stop loss best way to avoid big losing, and we have to becareful with this strategy and it will be maximize if we open trade after news released using lots that are too large will certainly make greater account of risk, and I usually market entry when the signal is valid and shows trends that will run long, therefore be careful in trading forex
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yeah you right just double ur lots u can then short cut about pips u gain so u can make 10 pips and be happy as like the trader who struggle to gain 100 pips at one trade may he stay for hours and days to find some chance to get them it's risky but it profitably. double lot use karna koi bahut badi problem nahin hai main to 50 se 100 position aik sath open kar safe trade kar sakta hoon ismain sabse important aapka deposit hota hai agar deposit bahut kam hai to double lot ka ya multiple lot ka use soch samjh kar karein .
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hi friend,for me double lot strategy you can apply when you know the trend of market,so it can minimize your risk,you can view the market trend by view on high timeframe first like 4h,1day or 1week.then you can make entry on small time frame,if the price against your entry,put again by double lot,because you already know the trend of market obviously you are telling about the risk factor there is alot of risk in the trading we have to kept in mind and we also have to manage our money management in order to avoid the loses if we are unable to do this we have to suffer with so many loss in the forex we will loss all of our money