You can use paracord to do a handle that looks pretty traditional if you take the core out to make it flat. This will give you a wrap that is about half the width of the traditional material, but it looks pretty good. Here's a knife that I finished recently using paracord:
You'll also notice that I didn't use a hold to finish it. One traditional style of tsukamaki (handle-wrapping) has the cord go around the end of the butt instead of through it.
If you are doing a traditional wrap with paracord, you may have to modify the pattern slightly. In the video below, both ends of the wrap get two folds as they twist. Paracord, for whatever reason, does not like to fold nicely. There are a few solutions that I have found work really well. The simplest is to do a different style of traditional wrap. The one depicted in the video below is called "hinerimaki," where both ends fold twice as they cross. Another style is called "hiramaki," where both sides are flat as they cross. This doesn't give the thickness of hinerimaki but it is easier to do and it works better with paracord.
Here's a picture of a knife I did a while ago in hiramaki. I screwed up a little on the end knots, so just ignore that:
I actually use a combination of these two methods (it's similar to a style called "tsumami" but it is a little different), where I fold the bottom strand twice but the top strand does not fold. As you fold the bottom strand, you will notice that it doesn't fold nicely as other materials do, but it sort of twists. If you twist it in the right direction (the standard direction for hinerimaki), it makes a sort of groove that the top strand fits nicely into.
There is a third solution that is a traditional wrapping style that uses a cord that is about the same width as paracord with the core removed. Unfortunately, I don't know what it is called and I don't have a picture of it. But if you can imagine it, it is hiramaki that is done with two pieces of cord instead of one. All four ends cross at the same point Maybe someone else knows what I'm talking about and has a picture of it.
Paracord doesn't usually look exactly like traditional materials, but the real stuff is hard to find in acceptable quality and is pretty expensive.
Coating the whole thing with epoxy or resin will give you a really good handle, but may detract from the traditional look. Another alternative is to add a drop of superglue on the ends of the handle each time you wrap (not where the cord crosses, but where it lays flat and bends around to the other side).
Here's a good video on tsukamaki:
http://www.youtube.com/watch?v=IZhNWU9cepM&feature=related
Tying the Ura knot:
http://www.youtube.com/watch?v=EbDETzm39oQ
Tying the Omote knot:
http://www.youtube.com/watch?v=GjjButNY_54
see also:
http://www.tsukamaki.net/tsuka/
- Chris