TradesViz: The most versatile, feature-filled and free online trading journal for all markets!

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. Chartlog can import data automatically from most major brokerages and enables you to take notes on any of your trades.

Easy to use – Chartlog

TradeInsights is a fantastic option for traders who are looking for a free all in one software journal solution. I am a trader, with many years of experience trading for prop firms. My content comes from my experiences and the experience of fellow traders.

• It has a user-friendly dashboard that makes it easy for beginners and active traders to get started quickly.
• Edgewonk also allows you to customize the input information, including adding notes and tags for each trade.
• 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.
• Trademetria is an excellent all-around trading journal that also functions as a portfolio tracker and trade analyzer.

Free Trading Journal & Trade Planning

This is quite important when you have to keep track of important lessons and findings. For instance, you can easily pinpoint the trading strategies that do you more harm than good. What’s more, you can track things like your risk appetite, emotions, and discipline when you document things using a journal. Advanced risk management tools with Monte Carlo simulations, drawdown analysis, and portfolio risk assessment. Get a detailed breakdown of profit and loss for each individual options contract within a strategy.

automate trade tracking

It can save time and effort that would otherwise be spent manually analyzing performance. In-depth trade analytics can provide a clear picture of a trader’s strengths and weaknesses. 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 risk management, or a lack of best trading journals strategy. A journal serves as a record that can be reviewed to identify these recurring mistakes and work towards correcting them. The journaling feature of Edgewonk allows traders to record their thoughts, emotions, and observations for each trade.

Use every tool in TradeZella together to improve your trading strategy. Still with TraderVue, their daily journal summary report remains as great as ever. Yup, they provide you with a performance report at the end of the day and it comprises data on trade stats and P/L graph. The first feature we’d like to shed light on is the built-in simulator. With this tool, you can check how future-proof your trading strategy is. And of course, this can go a long way in keeping you prepared for all kinds of outcomes.

Actionable statistics & reports

It provides users a free comprehensive, easy and fast journaling experience with zero barriers to entry. Our journal revolves around quickness, a short learning curve, and an overall journaling flow that is easy to integrate into your daily trading workflow. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

Broker Integration and list of brokers supported by TradeInSights

• Use every tool in TradeZella together to improve your trading strategy.
• Additionally, Edgewonk offers customer support to assist users with any queries or issues they may encounter.
• While it does not include backtesting, or trade replay functionalities, this focused approach ensures a streamlined experience tailored to improving trading habits and performance.
• They also import data about your previous trades automatically, saving you time and eliminating errors that can skew your analysis.
• Today we’re going to look at some of the top trade journals from across the internet.
• A good free trading journal should allow users to customize it based on their trading strategies.

With the help of a journal, you can track successes and analyze the potential of trades regardless of market dynamics. Creating a trading journal requires minimal investment – an Excel spreadsheet or Google Sheets is enough. By regularly recording your actions, you will be able to identify mistakes and prevent their repetition, which contributes to disciplined trading.

Pay attention to the ability to integrate with your platform and customize analytical metrics

And the last piece of advice – use the journal not only to record trades, but also to work with the emotional component. Write down your thoughts before and after a trade to track the influence of emotions on your decisions. In this way, your trading journal will become a tool not only for analysis, but also for developing discipline and control. We also compared several regulated brokers with low spreads that offer a significant choice of trading platforms for integration with trading journals.

It’s an excellent choice for traders who use several brokers and trade several instruments. TradesViz is the best value for power users, and even the free tier allows stock-only traders to import up to 3,000 executions a month. The lowest premium tier is only $14.99 a month and supports 10 accounts.

Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. Remember, there is no one size fits all in building a trade journal.

Integration with Trading Platforms

Instantly switch between 20 different trading accounts to stay on top of your progress. Easy methods like broker sync, file upload, or even manual trade adds. Likewise, the system is designed to provide you with tons of insights with a simple click on the mouse button. So, you won’t have to spend hours figuring out where basic buttons and filters are. Their support is exemplary and gets back to all my queries in well under 30 minutes with comprehensive answers and solutions to my questions.

Absolutely love this app.It’s exactly what I was looking for as a new trader to start journaling with minimal cost. TradeZella shows you the metrics that matter–and the behaviours that lead to profit with the power of journaling and analytics. Trading Review’s mission is to help you become a better and smarter trader/investor through in-depth reviews of courses, trading software, and more. The 3 picks reviewed above are all awesome but you need to make a point of analyzing their key features so you can determine which one is best for your style of trading.