Every trader worth their salt is aware that to perform over the long run, you must have specific trading goals in mind before starting any trades. Now and then, it’s simple to have a very successful day, but consistency matter most, Entrepreneurng report.
Happily, if you know what to look for, what to work on, and what you’re already doing well, you can profit from every trading opportunity. It takes a lot of time and effort to figure these things out, which is bad news. Well, it used to, at least.
Today, you have a lot of options for online trading journal software that can aid in performance analysis and improvement without requiring you to manually record everything.
You may watch movements across many asset classes with the aid of this trading tool, keep tabs on your gains and losses, and confidently execute each deal.
Many of these trading solutions, however, are expensive, and not everyone has the money in their budget to cover the expense of additional software.
The top free trading journals will be examined to help you learn how to up your trading ante without having to shell out a thing:
1. Tradervue
Use of TraderVue’s “Basic Plan” is free for as long as you require it. This strategy is practical for a range of trading types across the financial markets, including day trading stocks, options, or futures, and is ideal for keeping track of your trading history. It can even be used as a journal for forex trading!
The fundamental plan gives users access to the sharing feature, a limited number of trading metrics, basic journaling and reporting (up to 30 trades per month), and trade imports.
2. TradesViz
This trading notebook app’s free edition only enables stock tracking, however, it is far more forgiving with transaction imports than most other trading strategies. It is a great choice for aggressive traders because of this.
If you use a different brokerage, you can always enter manual entries. It currently supports automatic imports for 34 different brokers.
You have free access to PnL calendar data, one trading account monitoring, real-time options flow, two indicators per chart, candlestick charts, and more by using this journal.
TradesViz could be a great alternative for you if you want to be a successful stock trader but don’t have the money to invest in additional trading notebook software.
3. TradeMetria
TradeMetria is a different trading diary that’s fantastic for day traders. You can import up to 30 trades per month in the free version, which should be sufficient to keep track of your trading performance and advance it. Premium trade plans are offered for higher volume transactions.
Options, futures, forex, cryptocurrencies, and CFDs are just a few of the many asset classes that the free plan supports. It also has a variety of features that make it simple to track each trade, separating the “needs-improvement” trades from the successful ones.
Conclusion
Free trading journal software nevertheless provides a great way to keep track of your trading activity, even though you won’t be able to monitor an infinite number of trades with it. With extensive reports, automatic trade imports, analytics, and solutions for every trading style, it’s never been easier to keep an accurate record of trades!
I strongly advise you should give one of these journals a try if you’re ready to identify trade trends, hone your trading tactics, enhance your performance over time, and start seeing your earnings soar.
