#1 Trading Journal for Stocks, Options, Futures & Forex


Documenting every trade makes it easier to spot mistakes and learn from them. Many traders make the same mistakes repeatedly, often due to emotional decision-making, poor best trade journals risk management, or a lack of strategy. A journal serves as a record that can be reviewed to identify these recurring mistakes and work towards correcting them. Tradersync is a trading journal that provides a wide range of reporting features, with notable support for options trading and a modern user interface. Though Tradersync comes at a significantly higher cost compared to other journals offering identical reporting features.

Monitor multiple metrics on multiple accounts

Understanding your trading habits through regular journaling can provide valuable insights into your performance. By documenting and analyzing your trades, you can identify trading patterns that will contribute to more profitable trades in your trading. Tradesviz does the opposite – it’s built for traders who need to see EVERYTHING – down to the 5-second timeframe.

If you want advanced tools like AI-powered analytics, TradesViz may be the best choice. And for those who prefer a more hands-on approach, Financial Tech Wiz’s Free Trading Journal Template is a good DIY option. Effective risk management is a cornerstone of successful trading. It involves identifying potential risks, such as market volatility and company-specific vulnerabilities, and implementing strategies to minimize them. A sound risk management plan includes position sizing, stop-loss management, and risk-reward analysis. TradeBench equips you with the tools needed to manage your risk effectively, including customizable position sizing and stop-loss management features.

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  • And for this, TraderSync provides you with a highly straightforward way of entering notes right from the sidebar menu.
  • While Tradervue is suitable for traders prioritizing detailed cost and liquidity analysis, it falls short for those seeking a more holistic journaling experience.
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Why Traders Love it:

Unlimited delayed quotes for equities and forex, key metrics, a trade history calendar, buys and sells visualized on a chart, a PnL simulator. You can take advantage of entry/exit optimization tools, a trade simulator, advanced trade classifiers, trade management evaluation, holding time analysis, and more. You can also backtest strategies and use a future simulator with growth scenarios. They force me to think through why I am entering and exiting positions and they eliminate excuses. When I’m losing on what seems like every trade, my journal will let me know loud and clear. A trading journal is a running log that notes what you traded, when you traded, why you traded, and how much money you made or lost on each trade.

How to Choose the Right Trading Journal

The journal helps track trades, manage risk, and analyze performance. Although the full version of Edgewonk is paid, the free version still offers valuable features for traders looking to track their progress. Detailed trading journal data analyzed with the best trading journals is at least as important as having a good trading platform because it gives traders and investors a trading edge.

If you’re tired of lying to yourself about your trading mistakes and ready to get serious about improvement, TraderSync is worth every penny. The AI analysis alone could save you thousands in avoided mistakes. We’ve added two more charts to Tradervue, which display your running intraday P&L. On every trade detail page, where you used to see your selected price charts, there are now two tabs – “Price Action” and “Running P&L”. “95% of all traders fail” is the most commonly used trading related statistic around the internet…. “95% of all traders fail” is the most commonly used trading related statistic around the internet.

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Financial Tech Wiz’s Free Trading Journal Template

TradeBench is a free online trading journal that includes both trade planning and money management features. A trading strategy is the backbone of successful trading, providing a structured set of rules and guidelines for making informed trading decisions. It helps traders maintain discipline and focus on their objectives, even in the face of market volatility. One of the key benefits of maintaining a trading journal is that it fosters discipline. By recording each trade, traders are more likely to follow a plan and avoid impulsive decisions based on emotions like fear or greed.

  • Many traders discover that 80% of their profits come from 20% of their setups—but you’ll never know this without proper documentation.
  • You should only engage in any such activity only if you are fully aware of the relevant risks.
  • All your trades of the trading session can then be analyzed to identify trading mistakes and become a better trader.
  • TraderSync has a crisp design and can import trades from over 700 brokers.

Swaps In Trading

So, in our view, this is a superb tool as it takes over so much legwork as far as processing and analyzing data is concerned. But even with that said, it does require your input to create meaningful and detailed entries. Lastly, if you fancy the idea of sinking your teeth in tons of data, TraderSync’s robust reporting system will certainly work for you. Don’t get us started on the fact that you can drill down the stats needed all thanks to the built-in filtering tools. The number one sweet spot as far as TraderSync is concerned is the “Import your Trades” tool. You simply tap on the “Add Trade” button, select your broker, select the portfolio to import, and finally import all the data.

Trademetria’s default view starts off basic, but I found it easy to customize my dashboard with reports and widgets, such as an economic calendar and a scrolling ticker. That’s a bit gimmicky, since if you’re thinking about using a trading journal, you are probably using a broker that has those already. The risk/reward ratio measures the potential profit for every dollar risked. It is used by traders to compare the expected returns of an investment to the amount of risk undertaken to capture these returns. Backtesting involves applying a set of trading rules to historical market data to determine the viability of the idea.

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EdgeWonk is the best choice for traders who want powerful trade analytics features at their fingertips. Trademetria has a robust user interface but only comes with delayed quotes. Autosync is available for forex traders, large brokerage platforms like Interactive Brokers, but also for smaller brokerage houses and tools. Trademetria is an reliable trading journal with remarkable functionalities. You can track up to 50 trading accounts with unlimited order imports by using the Pro-version for $39.95 per month.

Whether you’re just starting or managing a substantial portfolio, having access to professional-grade tools can significantly impact your trading success. Utilizing a reliable trading journal gives individuals the opportunity not only quantify success but also access the insight needed for continued growth in this field. Tradervue also lacks critical tools for trading psychology analysis, a vital aspect of improving discipline and long-term performance. Additionally, it does not support syncing with MetaTrader, a significant limitation for Forex traders using that platform. While Tradervue is suitable for traders prioritizing detailed cost and liquidity analysis, it falls short for those seeking a more holistic journaling experience.

TradesViz is a trading journal that offers a mix of features, including automated trade charts, a backtester, and a free plan with limited functionality—making it an accessible option for beginners. However, the platform is held back by its outdated design, which can make navigation and usability less intuitive. While a free plan is available, the full version is relatively expensive, and users may find restrictions on the number of trading accounts limiting. TradesViz can be a decent choice for traders exploring journaling, but its design and cost structure may not meet the expectations of more advanced or active users. Choosing the right trading journal is essential for traders wanting to analyze performance, refine strategies, and improve consistency.


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