Trading Strategy vs. Trading Plan.

[doubleportion]

There are many big differences between trading strategy and trading plan. Trading strategies are included in trading plans. Because whatever you want to apply and how to apply them will also be in the trading plan.

[zahra]

good strategy should be based on the plan as well. if they are not done together, once you are wrong, you'll probably lose

[Badawi]

I think the strategy is the plan. they are just two names to one thing. if you have a way to analyze the market and manage your money and entry and exit point then you can call it a strategy or a plan .

[La Libert�]

Hello both of them are necessary to do a good business and to earn a good profit. though i think strategy is to be applied when one faces a problem suddenly and plan is to be made up before starting a trading.

[nbh75]

Trading plan is the plan that are made prior to entering the market, and therefore must develop a plan before deciding to trade, but to know what strategy to do when you open your situation either leave or keep trading

[nameless]

there is a big difference between trading strategy and a trading plan.strategy is to use a more powerful so you have a you can earn profit.you make the strategy that is established and confirmed this successful.and then we tend to can use this can and also produce that amazing advantage because that i think is very successful to make money

[ishvara]

i guess trading strategies and trading plan is a similar thing, becasue strategies is build with a plan too. so i guess there is no difference between of them
and i gues trading strategies is very necessary to guide us in the market, and with it, we can stay for longer time at this business

The trading plan and the trading stragey is not the same. Trading strategy is something that a forex trader needs in order to make sure that they possess a skill to trade with. A plan is attached to the execution of a skill or strategy

[sajal]

Trading strategy and trading plan both are different.Trading stragy is the trading style of a trader.t includes how you trade, when you trade and how much profit you make.If all are positive, your strategy is good.On the other hand, trading plan is the proper roadmap for trading effectively and efficiently in Forex.In planning is not good, outcome will not be satisfiable.It is a vital part for getting success.

[mirza047]

Hy Friends , some people thought that Trading Strategy and Trading Plan are same things but fiends these are quite different to each other , because in training strategy you just do sell or buy trades , but in trading plan you must watch market , trading situation whether sell strong or buy strong , so if you do a trading plan then you can earn profit without any risk and earn alot profit . Thanks

[malhr655]

Successful trading is often described as optimizing your risk with respect to your reward, or upside. Any trading strategy should have a disciplined method of limiting risk while making the most out of favorable market moves. We will illustrate one decision making model which uses a Simple Moving Average ("SMA") technical study, based on a 12-period SMA, where each period is 15 minutes. This type of study is available in the CFX trading charts. This is one example of a trading decision making strategy, and we encourage any trader to research other strategies as thoroughly as possible