Best trading journal app

We help you take your trading to the next level and achieve your goals as well. The trading tool that will find your edge. Recapping trades to break down what went right or wrong will help prevent future mistakes and improve returns down the road. Accept cookies Decline cookies. This means that the software runs on 4K screens without scaling issues. There is new and more user friendly windows handling.

How To Choose Your Trading Journal Software

Using a trading journal is one of the most under utilized tools by investors. Recapping trades to break down what went right or wrong will help prevent future mistakes and improve returns down the road. In this guide, I will break down the five best trading journal available today for analyzing stocks, options, futures, forex, and cryptocurrency trades. After the summary, I will cover some tips for success with examples from my own personal trading for those who are new to journaling their trades. It is used by hedge funds and professional institutions because it is so reliable and includes a variety of features, including automatic trade marking on charts and community sharing.

The fully automated trading journal

Traders are great at disagreeing. They disagree on everything from trading strategies to ways of measuring profitability. Selwyn Gishen wrote a succinct article over at Investopedia on why you need a trading journal. It boils down to:. You might be a pen and paper person.

Keep a trading journal

Traders are great at disagreeing. They disagree on everything from trading strategies to ways of measuring profitability. Selwyn Tradjng wrote a succinct article over at Investopedia on why you need a trading journal. It boils down to:. You might be a jorunal and paper person. But as you accumulate trade data, it becomes unfeasible to analyze them on paper.

You need the help of a computer. Regardless of your trading configuration, jougnal will always face a trade-off between convenience and joufnal of customization.

Specialized software packages that are well-suited for your trading needs are ideal. You can import your data and start analyzing them immediately. You will also find it easy to record new trades. TradeBench bset you calculate your position size and manage your risk. It comes with a dashboard and charts to help you visualize your progress.

More details. This paid software has a bulk import function that works with dozens of brokers full list. It ebst ideal for anyone that uses their supported brokers and want tradinb avoid manual data entry.

It also has a useful tagging function. You can create your tagging system so that you can filter your trades by any attributes. Options traders will also find Trading Diary Pro helpful as it recognizes various options strategy. It offers a free day trial. Click here to learn. On top of that, it has all the essential trade journal functions like metrics dashboard and filtering. It also works for day traders.

Edgewonk is a trading journal the focuses on helping you find and analyze your trading edge. It is highly customizable and works for most instruments. Cryptocurrency is a jouurnal addition. It also uses proprietary algorithms that make suggestions for improving your trading performance.

TraderSync is designed for stock traders. It summarizes your trade records into beautiful dashboardscomplete with recommendations jougnal how to trade better. There is a free option, but only the paid plans give you smart feedback on rrading trading performance. Compared to the trading journal programs, you need to spend more time setting up general purpose software spreadsheet and note-taking software to use them as trading journals.

You have complete control over what fields to include, their formatting, and how to analyze the trade records. Tading autonomy might be overwhelming, especially for new traders who are unfamiliar with spreadsheet programs. But for traders who are proficient with spreadsheet manipulation, I strongly encourage you to design a trading journal with Excel.

For instance, in my price action coursethe included Excel Toolkit has sections that correspond to different parts of the course trading framework. Evernote is a robust note-taking software. Best trading journal app excels at connecting pieces of information in a friendly manner. For each trade, you have your analysis, your chart screenshot, your trading results, trade confirmations, emotions journal. Want to see how it works as a trading journal? Hugh Kimura over at Trading Heroes shows you how he uses Evernote as his forex trading journal.

Screen recording software is useful for intraday traders. They record your trading sessions and allow you to replay them for post-trade ttrading.

They cannot replace a trading journal as you still need your trade records in a database table for performance analysis. But for intraday tradersscreen recording can form a valuable part of your trading journal. The same company created Camtasia and SnagIt, but their features overlap.

This is bst source of confusion. But if you are recording for an audience and require a more polished product, you should go for Camtasia. Want to share your screen recordings with your trading buddies? Camtasia and SnagIt users can check out Screencast — an online service for sharing your screen recordings seamlessly.

Check if your charting platform has an integrated trade journal. It could just be the seamless solution you need. Hi Michael, thank you for your suggestion. Free is great! Please feel free to share your experience with it. Thank you, Traring I actually built the site.

At the beginning of last year I wanted an alternative to some of the pay sites out there for myself, so I started creating it for my own use. I decided pretty quickly to open it up to everyone though, and have been working on it.

Your site looks great. This page tdading a great help for beginners looking for proper way to keep a trading journal. Thanks and kudos, keep it up! Your email address will not be published. Comments I jouenal wanted to suggest TradeInsights. Thank you so much, Galen! I appreciate it! Leave a Reply Cancel reply Your email address will not be published.

How to Turn Evernote Into a Kick-Ass Forex Trading Journal — Trading Heroes

The downside is that the broker import tool support is nearly non-existent for US based stock best trading journal app and is instead focused primarily on a handful of popular forex brokers and platforms like MetaTrader4 MT4. Tagging your trades means marking the strategy you used to make the trade. Fewer mistakes? Control jourjal trading performance! Are you a strategic trader or a fun-loving one? Bottom Line Regardless if you build your own trading journal or use one of the services recommended above, there are endless ways you can go about conducting post trade analysis. Get acquainted with your habits! Edgewonk helps you reveal and overcome any weak spot in your trading. Keeping a trading journal prevents you from trading randomly and impulsively, and losing a tading amount of money. Optimized trade management for better decisions during your trades. Becoming a profitable trader is not always easy, but with our structured approach, we help you turn your trading. Knowledge is power. It is possible […].