The Difference Between A Trading Strategy And A Trading Plan - Page 232
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Thread: The Difference Between A Trading Strategy And A Trading Plan

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    The Difference Between A Trading Strategy And A Trading Plan

    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:

    1. The market(s) you want to trade.
    2. The timeframes you want to trade, e.g. 5 min, 10 min, tick or range bars.
    3. A brief description of the strategies you want to trade and when to use what strategy.
    4. The entry rules of the strategies.
    5. The exit rules of the strategies.
    6. Other important rules, e.g. when to trade and when not to trade.
    7. The money management approach you are using.

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    Quote Originally Posted by naeem555 View Post
    Bhave4U, the main defination can tell you clearly about it, in a strategy you need to check what analysis you are going to use, which is easy and best and use on demo first, but in a plan you always keep in mind about your capital and management, how much loss and profit can be enough and all related things, so try to use both at same time for more confirmation in profit and less risk in side of loss
    Yes a plan is the main formulae for our trading, which strategies to use and how much risks needs to be taken for good results. Having a good strategy is just part of our work in trading, they cannot by themselves make us profitable here. Strategies are just clues or give us an estimate with a higher probability, so they cannot work fine without risk management.

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    Quote Originally Posted by komalam View Post
    Yes a plan is the main formulae for our trading, which strategies to use and how much risks needs to be taken for good results. Having a good strategy is just part of our work in trading, they cannot by themselves make us profitable here. Strategies are just clues or give us an estimate with a higher probability, so they cannot work fine without risk management.
    A plan can be the blueprint of successful trades, but it has to be formulated by careful thinking and followed with discipline. A plan should be carefully formulated keeping into account what all is required for smooth and harmonious trading. A plan coordinates all our skills and helps in effective implementation of them. But following a plan asks for most difficult thing that is emotional control.

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    Our strategy is what we use to execute a trading plan and for traders here, it's important we have our own very strategy which we can stick to and be hopeful to earn good from it. We come up with a plan in our trade and create a system that can help us see we achieve that plans in the right way. Forex remains a good trade and following the right means of trade will help us earn great trade which is good and essential for us.

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    Every trader must have their plans here because it's with the right plans that they can actually see themselves come up with an opportunity in developing the right strategy that can sure help to see that this plans can be achieved. With the right planning, we can have a good trade and our very strategy will ensure its been executed in the best time and be hopeful to make profits.

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    Quote Originally Posted by Tonycee View Post
    Every trader must have their plans here because it's with the right plans that they can actually see themselves come up with an opportunity in developing the right strategy that can sure help to see that this plans can be achieved. With the right planning, we can have a good trade and our very strategy will ensure its been executed in the best time and be hopeful to make profits.
    A trader will make his trade plan with learning properly so if we understand market well we use own learning and make some better plan for trade , more efforts we put we will gain success we have to work hard and learn well about the strategy which we are using it is the only way that will be profitable and effect for gain success .

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    Development of a trading strategy is likely going to help us to earn good and we can enjoy lots of profitable trade with the best plans. Planning are different from a strategy but both are very much dependent of others to thrive for a success in our trading. Good plans will help us work on a strategy that will help us achieve our goals and with time in learning we can sure gain enough. Any good trader in forex must have a plan and also have a developed system to see that their plans can be achieved on the right means.

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    Quote Originally Posted by Senorita View Post
    Development of a trading strategy is likely going to help us to earn good and we can enjoy lots of profitable trade with the best plans. Planning are different from a strategy but both are very much dependent of others to thrive for a success in our trading. Good plans will help us work on a strategy that will help us achieve our goals and with time in learning we can sure gain enough. Any good trader in forex must have a plan and also have a developed system to see that their plans can be achieved on the right means.
    Should a trader get to make it in forex, then there is so much need to have a nice plans because this is surely going to help us make the right decision in working to have a good trade. If we can work on a trading system then we should plan well and follow the right means to succeed. A trading strategy and a trading plans are all important aspects that will surely see a trader succeeds.

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