What is an operational plan?
An operational plan is a detailed, actionable framework designed to achieve specific goals through the coordination and deployment of resources. While the concept is critical in the military, it is also widely applicable in various non-military fields, such as business and investments. In a trading or investment-related environment, an operational plan mainly deals with managing resources, such as in Figure 9.1:
Figure 9.1 – Trading operational plan resources
A trading platform is a software application that allows traders and investors to place trades and manage their accounts in the financial markets. It serves as the interface between the trader and the market, providing the necessary tools and resources to execute trades, analyze market data, and manage trading strategies.
Market data refers to information and statistics about current and historical prices, trading volumes, and other relevant metrics for financial...
