Find The Best Forex Trading Journals In 2022
Trade journalling is one of the most important aspects of trading and developing your edge within the markets. As the retail forex market has expanded rapidly, there is now a growing range of different tools and services for journalling trades. We have compiled a very simple but in-depth list of the worlds leading forex trading journalling softwares.
1. Forex Book
ForexBook is a forex trading journal platform that integrates with your broker to pull all of your trading data into a very digestible form. The tool allows you to import historical data, connect multiple accounts and create trading strategies based on your past trades. ForexBook is completely lightweight and automatically tracks all of your data with a simple EA on MT4! Click here to read my full, in-depth review of the offering!
TraderSync is one of the worlds leading forex trading journals. The platform automatically imports your trades for you to add comments, filter and analyse in order to increase your edge in the markets. The benefit of TraderSync is the fact the platform works in all markets including forex, stock, futures and options.
Edgewonk combines journalling and a trading diary to provide a great analysis tool for forex traders looking to improve their edge. The tool works on all devices and comes with a trade simulator, data filters, graphs, multiple journals and a notebook for screenshots! Everything you would ever need to successfully journal all of your trading activity. Click here to look at my full review of Edgewonk, looking at my experience, pros, cons and why you should be using the tool!
TrackFx is a brand new analysis platform for forex traders to track, analyse and journal trades in detail. The platform uses technology to provide value metrics to traders looking to increase their edge in the markets. TrackFx allows traders to import data from a range of brokers, then provides completely objective statistics. For more holistic traders, the lack of subjectivity maybe an issue, but for numbers driven traders – this is a great choice of a trading journal! Have a read here of my full review, looking at the pros and cons of the software!
Although it’s simple, Excel is often overlooked as a trading journal but it’s quite possibly the best in the market. By journalling your trades on Excel, you can easily create graphs, add as many data point as you’d like and by adding filters you can easily test any hypothesis from your journal. I would highly recommend journalling your trades in a simple spreadsheet if you have knowledge of how to work with Excel!
Evernote is a very useful tool for traders journalling trades. You’re able to create tables, folders and documents to journal all of the relevant data points. Although you will need to be manually adding trades on Evernote, the customisation and ability to add screenshots is a huge selling point. Not only that, Evernote has a completely free plan to test the waters!
Tradervue is a very simple forex journalling tool for traders. The tool allows traders to import trade data, then analyse simple metrics to look at profitability and various other factors. You can add tags, comments, daily notes, filter trades and even allow access to a mentor/coach to analyse your trading journal! A simple but great tool for forex traders!
Notion is not connected with any trading platforms/brokers but does make for an amazing trading journal. Much like Evernote, Notion allows you to compile data, add screenshots and collate as many data points as you’d like. You can store trades in different folders and Notion makes it very simple to pull data when you need to compile reports. The only downside is the fact you need to manually add all of your trades into Notion, which could take a long time if you have years of past history to add!
Trademetria is a forex trading journal that allows automatic importing of historical data. The tool comes with over 30 data points to help traders analyse the data, take accountability and enhance your edge within the markets. You can also add screenshots, comments and notes to speed up the refinement process±
MyFxBook is one of the best tools for traders looking to get in-depth statistics and analysis of their trading performance. Unlike some trading journals, you aren’t able to note any emotions or add screenshots, which will need to be tracked separately. However, MyFxBook is a must have for traders wanting to analyse their past trades to find patterns and refine their edge!
FxBlue is essentially a very objective trading journal. Instead of journalling anything subjective, it tracks and analyses your trading results allowing traders to take an objective look at where their edge may lie. The downside of the platform is that you cannot add your own screenshots in for trades, so that will need to be tracked separately. Regardless, FxBlue is completely free and a trading choice of trading journal!