Best Forex Trading Journals 2023

What Are Trading Journals?

Trading journals are an excellent way to keep track of your trades and are particularly useful if you have many investments across different brokers of trading platforms. With trading journals, you can automatically import your trading data and gain key insights into your trades, save time by accessing all your investments in one place, and improve as a trader by applying unbiased recommendations.

Trading journals can be a key component of any investing strategy, and on the right hand, it can boost your profits. All the trading journals we listed are compatible with the most established online brokers and make it very easy for you to import your trading data. In this summary, we review the three best options – for a more detailed comparison, we recommend checking out our complete list of the best forex trading journals.

1. TraderSync

Founded in 2014, TraderSync is an online trading journal and research platform with worldwide market support. With TraderSync, you can keep track of all your portfolios in one place; from forex, stocks, and options to futures and crypto trades, TraderSync’s got something for everybody.

TraderSync is compatible with 217+ of the most established online brokers, and it offers automatic synchronization for all your portfolios. After synchronizing your accounts, you can gain valuable insights into your investments with advanced charts and reporting tools or simulate new trading strategies using accurate data.

TraderSync is the platform for you if you want to grow as a trader and implement A.I.-powered recommendations into your trading. The TraderSync app is available on Android and iOS devices.

Pros

  • Synchronize your TraderSync account with 217+ online brokers
  • Import trading data from more than 217+ online brokers
  • Worldwide market support (forex, stocks, options, and more)
  • Advanced charting & reporting tools
  • I. powered recommendations
  • Backtesting environment

Cons

  • Only supports credit cards as a payment method

Pricing

  • TraderSync Pro: $29.95/month
  • TraderSync Premium: $49.95/month
  • TraderSync Elite: $79.95/month

2. TradervueTradervue

Headquartered in Colorado, Tradervue is a trading journal and social media platform for intermediate and experienced traders looking to take their trading to the next level. Tradervue offers three premium accounts – all with a 7-day free trial –and extensive support for forex assets, including all majors, minors, and exotic pairs.

If you have other investments across different online brokerages, Tradervue can consolidate them into one dashboard. As of 2023, Tradervue is compatible with 80+ online brokers and allows for automatic imports of your trading data. In addition to forex, Tradervue supports US-based equities, futures, and options.

One of Tradervue’s best features is its very detailed reports. You can choose from 8+ unique reports and gain key insights into your investing strategies and how to improve them.

Pros

  • Import trading data from 80+ online brokers
  • Supports forex, US-based equities, futures, and options
  • 8+ advanced reporting tools
  • Advanced charting
  • Mentoring features for beginners
  • Access a trading community of experienced investors

Cons

  • Only supports US-based equities
  • The basic account is minimal

Pricing

  • Basic Subscription: Free
  • Silver Subscription: $29/month
  • Gold Subscription: $49/month

3. EdgewonkEdgewonkFounded in 2014 and headquartered in Germany, Edgewonk is an online web-based trading journal for experienced traders looking to consolidate their investments in one place. With your Edgewonk account, you can access forex, stocks, CFDs, crypto, and derivatives – plus, you can link your account with 23+ of the largest online brokers.

The Edgewonk software is available on desktop and mobile devices, but best of all is that it has a native web-based app – no download required. Some of Edgewonk’s best features include performance & trade analytics tools, detailed, actionable recommendations and improvements, and their timely ‘missed trade’ notifications, which can help you maximize your profits.

For professional traders, Edgewonk’s emotional analytics and backtesting tools will help you find your inherent biases when trading and the option to test out alternative strategies safely.

Pros

  • Import data automatically from 23+ brokers
  • Supports forex, stocks, CFDs, options, and more
  • Futures simulator & backtesting environment
  • Advanced performance and emotional analytics
  • Insightful charts and customizable graphs
  • Available on desktop, Android, and iOS devices

Cons

  • Limited support for online brokers
  • No free trial or monthly plan

Pricing

  • Edgewonk Subscription: $169/year

Conclusion

If you have a lot of investments across different platforms and are looking for the fastest way to improve your trading, trading journals are the way to go. Trading journals make it very easy to find any unconscious bias you may be subject to or any bad habit that may be impacting your profits, and they work best in tandem with stock research platforms.

FAQs

Are Trade Journals Effective?

Yes – trading journals can be a simple and very effective way to improve your trading. All the trading journals listed here offer comprehensive analytics and reporting tools, which can be key in finding unconscious biases and mistakes you may be committing when trading.

There are also plenty of free trading journals that may be enough for some traders.

Do I Need A Trading Journal?

If you have multiple investments across different online brokers and spend a lot of time jumping between platforms to keep track of everything, chances are you need a trading journal. The primary purpose of trading journals is to save you time by optimizing tasks and giving key insights that you can quickly implement into all your future trades.

Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsement or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.