A journal won’t fix your trading any more than a gym membership will get you in shape. If you’re trading based on more than just charts and want everything in one place, Trademetria offers unique value. If you’re more focused on building rock-solid trading psychology than chasing fancy features, Edgewonk could be your perfect match. 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. My Verdict — Best for the trader who’s tired of wasting hours on data entry
- The platform’s ability to identify successful trading patterns and highlight weaknesses enables traders to adjust their strategies with precision.
- Let’s go through the list of the best trading journals, their features, pricing, and their pros and cons.
- There are plenty of performance chart options and if you still aren’t getting quite what you want, the premium tiers include AI queries.
- Paid plans start at $29.95 per month and let you import up to 100 trades per month.
- It helps traders review past decisions, identify strengths and weaknesses, and refine their strategies for better results.
Unfortunately, the broker import support is light for U.S.-based casual stock traders and is instead focused primarily on a handful of popular forex brokers and platforms like MetaTrader 4 (MT4). Multicurrency traders will appreciate profits and losses calculated in both the foreign and the home currency. Tradervue was one of the very first trading journals to come online, back in 2011. It isn’t the easiest to use and importing trades from some popular retail brokers might require creating and uploading CSV files. There’s better support for brokers that are popular with rapid-fire day traders.
Elevate Your Trading Strategy
With this knowledge, you can shift your focus to the situations where you’ve historically done well and avoid the ones where you struggle. TraderSync, while comprehensive on the web, offers a more streamlined experience for mobile users. However, while it presents a list of your trades with filter capabilities, the charting function best trade journals lacks interactivity, leaving traders craving more granular insights. If you’re seeking just a summarized glance at your trades on the move, this might be your pick.
StonkJournal Pricing and Features
Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative. Reviewing the film is a critical part of professional sports, and investing is no different. The free tier allows importing of up to 30 trades a month; the Basic plan goes up to 500. Trademetria’s default view is basic but easily customizable with reports and widgets. The premium pricing is reasonable and allows importing of up to 500 trades a month; beyond that, you’ll need the Pro plan.
Historical Marketing Trade Publications
Today, Blain is widely respected as a leading expert on finance and investing, specifically the U.S. online brokerage industry. Blain has been quoted in The New York Times, The Wall Street Journal, Forbes, and Fast Company, among others. Blain created the original scoring rubrics for StockBrokers.com and oversees all testing and rating methodologies. 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. It’s free (donations are gratefully accepted), attractive, and a great tool for beginning traders.
Trademetria – All-in-One Platform for Multi-Asset Traders
With a trading journal, you can identify patterns of success in your trading and draw lessons from your mistakes to avoid repeating them in the future. Tools like Forex Tester Online, TraderSync, Edgewonk, and Trademetria can import trades from brokers and generate reports. You can set stop-loss and target levels, track R-multiples, and use exit analysis tools to review how well you manage your trades. These features are useful, especially for day traders who want to stay on top of position sizing and risk per trade. For that reason, 3rd party trading journals like the ones in this best-of-list can be a big time saver and help identify helpful insights.
Backtest quickly with a simulator that loads market data in under a second. Understand market liquidity and uncover hidden opportunities for smarter trading decisions. Master your trading strategies faster by backtesting with TraderSync’s market replay simulator. Relive and analyze past market scenarios with unparalleled detail to refine your approach, optimize performance, and build confidence in any market condition.
The TradeFuse trading journal supports stocks, forex, futures, crypto, and options trade journaling in all currencies. TradeFuse is cloud-based and currently supports 9 brokers and trading platforms. Autosync is available for MetaTrader 4, MetaTrader 5, Ethereum, and Robinhood. The trade import for Webull, Tradovate, Tradier, Rithmic, and ATAS can be done easily by uploading the trade history file with a few clicks. The TradeFuse subscription costs $19-$39/month, $51-$105/quarter, or $168-$348/year. The Chartlog trading journal supports only stocks, while forex, futures, crypto, and options trade journaling are not supported.
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.
- The platform is web-based and easy to use, however self-hosted users still have to enter trades by hand, and broker integration is limited.
- This platform gives you the power to journal, analyze, and share your trades with minimal difficulty.
- Our free trading journal is actively being developed, with regular releases of new features and bug fixes.
- The site also offers a career center, awards, contact guide, PR firm rankings, Webcasts and podcasts.
- Today, we’re reviewing the top trading journals to see who’s number one!
- Compared to some of the other paid trade journals, Stonk Journal has a high Trustpilot score.
Without a trading journal, it’s hard to know what’s working and what’s not. If you adjust your strategy, you can’t easily compare it to how you performed before the change. Using a trading journal is one of the best ways to improve your consistency and profitability as a trader. Our free trading journal is actively being developed, with regular releases of new features and bug fixes. Utilizing trade setups is advantageous during the research and selection process of stocks for potential trading.
Marketing Today Editorial ContactsAn online publication devoted to marketing communications, Internet marketing, trade show and event marketing, and search engine marketing. Site resources include marketing tools, an events calendar, and research data. It offers in-depth features, informative columns, destination insights, news analysis, and original research on topics such as conventions, associations, attractions, transportation and legal issues. The site includes destination guides, event planning tools, hotel chain contacts, and a buyers guide. Risk management is crucial in forex trading, and MyFXBook provides tools to assess and monitor risk exposure.
This is true for current and historical research, many of the sources covered go back into the 1980’s. Gifts & Decorative Accessories is a resource for retailers in the gift industry, providing product trends, business strategies, and market insights. E&P stands for Exploration & Production, and the magazine offers insights into the oil and gas industry, covering upstream operations, technologies, and market trends.
TraderSync also supports options trades, helping traders analyze their options trading activities to understand historical performance and improve future strategies. Tradersync is a flexible and good trading journal app and over 100,000 traders use it via their web platform and mobile apps for iOS and Android. With TraderSync, you can see your trades on a chart, including entries, profit targets, and stop-loss level visualization.
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