Trading Strategy vs. Trading Plan.

[monsterzz]

trading strategy and trading plan does is two things that can not be separated and can not stand alone. In order to become a successful trader we should be able to combine the trading plan trading strategy that we have.

[maesa]

Trading strategy and trading plan goes similar way side. but i think trading plan is more important. what and how much amount should earn from his business that is plan and how the way and strategy will capture this amount is strategy. so if plan is good and targeted then strategy what it would be not more important.

I think the two can not be separated simply because they should be collated and support each other and be done, of course, everything starts from a good plan later in the execution of trading strategies will determine what path will be taken but must be according to plan, if the strategy is not in the plan well then do not expect trading will run as is expected

[mmja2003]

It can be said that trading strategy is the part of trading plan, but the trading plan is not part of trading strategy. Trading Plan is to investment of money, how and where to invest money and when to invest money in which trading method. But trading strategy is the thing which is taken while we trade and apply in our trading.

[tuntuni]

In perfect sense, Trading strategy and trading plan both are valuable voice of trading. Both are not completely assonant. You can adjudicate your trading strategy when market pouring with your wish. But you should create your trading guidance monthly, weekly and regular. You can any moment end your trading drawing But trading strategy retributive when market is supportive.

[latapata]

Trading strategy and trading plan goes similar way side. but i think trading plan is more important. what and how much amount should earn from his business that is plan and how the way and strategy will capture this amount is strategy. so if plan is good and targeted then strategy what it would be not more important.

[kavita]

plan is long term means daily , weekely or monthly but strategy is one we start daily trading in the forex and when u take decision about invest in the forex u use strategy which is based on the past experiences and trend of the market and implement in the trade

[nubieforex]

You are right, and I think there are no use to compare about trading plan it all's different trading strategy is to take the risk of it.And trading plan is to calculate about your trade and trading strategies, because I think trading strategies is involved in trading plan too, they both is an unity. Like money management and risk

[nahal]

having good strategy is must to stay in forex trading and perform well, but this is not alone, quoting the above post i made we need a broader plan that include strategy as well as forex trading, capital and risk management rules settled by expert traders and analysts

[bablu7832]

I think both trading strategy and trading plan are two different topics and both are very important.Trading strategy tells us how to trade profitably and trading plan includes trading with discipline following risk and money management strategy strictly.

[bisma]

So This is a good question now. in this business there is no profit if you have no plans . i mean this is all about your focus and you planing. i f you do not have any plan then there could be loss . so before doing any thing you should make up your plan