One of the most underutilized tools by new stocks traders is keeping a trading log. Recapping deals to see what went right and wrong will help you avoid mistakes in the future and increase your profits.
I’ll go through the finest trading diaries for analyzing stocks, globex360 bonus, options, future, Forex trades.
The 3 best trading journals
Edgework
Choose this choice if you want the best product on the market. It’s a great blend of a notebook and a platform for trading analytics.
Edgework 3.0, released in March 2021, is now an online trading journal with advanced analytics. Edgework 2.0 used to require a PC installation. Still, now all functions are accessible via the internet from anywhere.
Key features
- Works on all devices
- Trading journal and diary included
- Actionable tips for targeted adjustments
- Trade management optimizer
- Future simulator with growth scenarios
- Support multiple trading journals
- Chartbook and emotional analytics
- Cryptocurrency trades are supported
The problem in this it does not support as many trade platforms and brokers as other automatic import solutions. Importing options trade is currently not possible.
Tradersync
In 2014, a group of programmers created Tradesync, a customizable and feature-rich trading journal. The founders encountered the same issue that we do. They took various classes but had no way of knowing which ones taught the most profitable notion because they didn’t keep track of their trades properly. Subscribers may see their transaction on a chart, as well as their targets and stop losses. Interactive charts and intraday graphing are also available.
Key feature:
- Mobile app for iOS and android
- Trade data via manual entry and import
- Multiple portfolios
- Performance reports
- Simulator
- Pre and post chart data
- Trade management
- Artificial intelligence insight
Tradervue
One of the first trading journals was Tradervue. It was even in the center of the niche’s development. However, we should note that its features aren’t as advanced as edgework.
It does, however, provide journaling, analysis, even a unique sharing tool. Users of Tradervue can share their historical performance data and insights with their colleagues in the community. They will be able to brainstorm, analyze, and discuss deals and tactics in this manner.
Key feature:
- Auto-import
- Trade notes, filtering, and tagging
- Automatic price charts and chart studies
- Detailed reports and statistics
- Risk analysis
- Sharing feature with privacy settings
Conclusion
Our article’s purpose was to do all of the legwork for you and filter down the top trading journals. You can now experiment with the free plans of the journals mentioned above to see which one best suits your needs. Of course, if you want to develop something on your own, roll up your sleeves and fire up Microsoft excel.
In conclusion, Edgewonk, Tradersync, and Tradervue are excellent choices for traders looking for comprehensive analytical features at their fingertips. TradeSync offers the bonus of allowing you to try out all the services for free for seven days. Finally, if you want to get beyond all of the restrictions and create a robust trading log system (you can include portfolio analysis, backtesting, and other features).
