A lot of people get confused about the differences between a trading system and trading strategy, what most people see as a trading system is actually just a strategy covers certain rules such as:
· Profit target
· Lot sizes
· Stop loss positioning
An actual trading system incorporates these rules as well as others within the context of a trading plan, and a trading plan is something EVERY trader should have!
This is an example of how a trading plan could be structured:
1. The first thing to consider is, what type of trader are you?
2. Next determine how you trade
3. Trade management
4. Account management
5. Your own personal golden rules
So basically trading strategies are just the bare bones of your approach to trading as defined above, and Forex systems refers to a more complete and in depth approach to your trading
Yeah, I know it can sound confusing but I hope you kind of got the gist of hat I was trying to get at, if you have any more questions please feel free to leave a comment.