Trading Strategy vs. Trading Plan.

[saimi]

if we planing trading its good and if we have our strategy which is tested and proved its successful then we can use it and make a good profit..............

[ubaid8484]

A solid trading plan is the cornerstone of your trading business. Unfortunately many traders think that all they need is a trading strategy. This is NOT the case! Let me explain the difference between a trading strategy and a trading plan.
A trading strategy tells you when to enter and when to exit trades. A trading plan is more comprehensive than a trading strategy. A trading plan covers at least seven elements:
The market(s) you want to trade.
The timeframes you want to trade, e.g. 5 min, 10 min, tick or range bars.
A brief description of the strategies you want to trade and when to use what strategy.
The entry rules of the strategies.
The exit rules of the strategies.
Other important rules, e.g. when to trade and when not to trade.
The money management approach you are using.

[heru]

Forex commercialism strategy is should and its perpetually necessary to us to form an honest quantity of profit whereas doing commercialism and if we've our strategy that is tested and established its booming then we are able to use it. For this we want to be the particular. In my read we tend to arrange loosely at that point we might decision it arrange and once we decide for a specific trade.

[Hass]

according to me forex trading strategy is must and its always necessary to us to make a good amount of profit while doing trading and if we have our strategy which is tested and proved its successful then we can use it and make a good profit and the more our strategy will be strong the more we can able to earn profit .

[Alamin1]

It's a good strategy is to live well, works and the needs of forex trading but is not the only, with respect to the posts above, I have, we need a plan for broader action capital, which includes the strategy and standards management and Forex trading, risk of being considered by analysts and experienced traders. Not just any plan without a strategy and the strategy is less perfect, otherwise plan ahead. If the accounts are linked.

[subhan4]

Well forex trading strategy is must and its always necessary to us to make a good amount of profit while doing trading and if we have our strategy which is tested and proved its successful then we can use it and make a good profit and the more our strategy will be strong the more we can able to earn profit......

[abid ali]

It is very important for each and every trader are need to making trading strategy and trading plane and make trading through proper plan because this is very important each and every forex trader..

[Nabi Ahmed Gill]

Some people think trading strategy and trading plan are the same thing, but this is not really the case. Trading Strategy just tell you when to enter and exit trades while trading plan is more comprehensive and includes trading strategy. A trading plan may include market to trade, time frame, strategy used, entry and exit rules of strategy and money management and risk managent rules.
And so we need a comprehensive plan for trading and not mere a strategy.

dear trading maine trading strategy and trading plan boht he jada important role play karta ha esi waja sa jis trader ka pass boht he best or ahca trading knowledge ha or trading ka bara maine best or achi strategy ha too wo boht he best or achi trading kar sa kafi big money earned kar sakta han..

[dewik79]

Some people think trading strategy and trading plan are the same thing, but this is not really the case. Trading Strategy just tell you when to enter and exit trades while trading plan is more comprehensive and includes trading strategy. A trading plan may include market to trade, time frame, strategy used, entry and exit rules of strategy and money management and risk managent rules.
And so we need a comprehensive plan for trading and not mere a strategy.

Trading strategy is only an instrument. But the important role of the whole trade, is a detailed trading plan properly and neatly. And I must say, a lot of traders cause of failure, is the absence of a mature trading plan, not because of bad strategy.

[nurja]

In High Probability Trading Strategies, author and well-known trading educator Robert Miner skillfully outlines every aspect of a practical trading plan�from entry. Trading Plans Made Simple and over one million other books are available for Amazon and provide you with a structure and strategy to guide your trading.