Trading Strategy vs. Trading Plan.

[mary7]

trategy always goes home the winner you have to understand that, its good to trade and make sure that you understand what your strategy is. make surethat you know what you are doing and make surethat the best way to trade is to understand what you are doing, look for strategies every single day and trade.

[Ekoindo]

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.

what you say is true master, a trading plan is very important
If I may ask, what kind of trading plan is good for newbie like me?

[forexboot]

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.

sir forex market me trade karne ke liye aik achi strategy ka hoona bohot zaroori hai warna trader ko loss be ho sakta hai aur sath hi me acha plan be hona chaie

[safayet39]

I thank the thread starter for giving us this beautiful ideal because many of us are blinded with cash goal in all our endeavor with out considering our input and good name.However, my goals in forex business is to trade well and become great renounce trader which am on the road to achieve that considering my past trading style.Secondly,is to make money out of my effort which i know will surely come as far as i achieve the first.

[forextech]

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.

sir forex trading market me trade karne ke liye aik trader ko chaie ke wo aik achi trading strategy talash kare aur sath hi me us ke pass acha trading plan be ho jis se wo trade kare

[sammy]

well it is like alkali and alkane isnt it? trading strategy is part of a trading plan and it tells you when to enter a trade, how much to set target and all. and trading plan includes everything, when to trade, how to trade, what indicators to look at, all this..

[eskip]

Until now i have using only one strategy what i have test by demo contest. By the way this scalping strategy is best and effective for trading in forex market. I presume that trader can create an effective plan before start their trading in every time.

[sitiz]

Trading plan and trading strategy I think both are very important and are related to each other because if we have a good trading strategy without being balanced with a good trading plan will not provide maximum results

[didikebenaran]

well you are right forex strategy in different from planing.... strategy is some thing help you when to enter and exit..... planing is something where you do analysis of how to enter the market and where... also include money management..

I think the plan also involves in the trading strategy that is used in this trade so that we have a trading plan then we will be better in this trade with a plan so that you have a step step by step to success in trading

[kobhokhan]

yes having a good strategy is the first thing a forex trader need to get before he start writing down is trading plan that he must follow, he should always remain discipline to follow it

to have a good strategy and profitable is not easy, it takes time and experience in conducting proficiency level strategy, once we get a good strategy and then we put in our trading plans and in the mix with the other elements.