I am a new member to this forum but I have been actively trading forex for a while now, and have started a new trading account in 2017 over a base of $10,000 trading with initial starting lots 0.1.
I think I am doing pretty good for a start, and I was thinking of increasing skin in the game without increasing my TP zone. My plan to do this is to increase the lot size from 0.1 to 1, profit target from $50 to $500, and the base from $10,000 to $100,000. The idea is to keep the same TP percentages but amplify the profits (losses) accordingly.
What I am concerned about is the potential latency issues (I'm using an ECN) that comes with larger lot sizes. Any thoughts on this guys?
I am also updating my trade journal at this link:
Current performance (17 Jan 2017) - $10k base, 0.1 lots