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Thread: What is the main difference between the trading plan and trading strategy ?

  1. #1
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    Lightbulb What is the main difference between the trading plan and trading strategy ?

    In the forex trading i hear that trading plan and trading strategy are both are very important, i want to ask all you that what is the main different between the trading plan and the trading strategy and how we use them in the forex trading.

  2. #2
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    plan that you can make according to your requirements and needs and trading strategy which is define and we need to follow that rules or regulations to achieve good results from trading strategy.we can change trading plan pattern but strategy works in same way but we can change its time frame.

  3. #3
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    to be short about this kind of issue, A trading strategy tells you when to enter and when to exit trades. A trading plan is more comprehensive than a trading strategy.

  4. #4
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    basically trading plans are just our ideas and thinks but trading indicators are all about depend upon trading techniques . so as a trader we also need to improve our trading matters and plans according to market matters

  5. #5
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    Quote Originally Posted by petrelsea70 View Post
    basically trading plans are just our ideas and thinks but trading indicators are all about depend upon trading techniques. so as a trader we also need to improve our trading matters and plans according to market matters
    Dear trading plans are not the ideas but you can use them as an idea by the different methods if you do the trades using the strategies than you can forecast the trends easily.

  6. #6
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    I don't think so that the strategies is helpful in forecasting the market signals and if you really want to earn a good amount of profit through that than you must make use of EA's

  7. #7
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    If you want to improve your trading matters than you should use the different source of getting the support and resistance level and that will provide you the much support.

  8. #8
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    That's not so much difficult to do the analyzation to improve your skills of earning and you can earn easily without any problem and that is the use of combination of strategies.

  9. #9
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    Trading planing is our logic how to follow and which we follow our strategies and trading techniques etc and the strategies are the way of analysis.
    Nothing is impossible, the word itself says 'I'm possible'!

  10. #10
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    plan bigger than trading strategy. plan here including capital management, risk tolerance, and strategy to make profit. while if strategy, we talk about how to make profit probability higher than loss. or specifically, we talk about when to entry in market and when to exit from market.

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