Choosing the right trading journal is essential for traders who want to analyze performance, improve their strategies and improve consistency. This article compares popular trading journals (EdgeWonk, TraderSync, Tradervue, Tradesviz, and Tradzella) by breaking down features, pricing and unique products. Find out which journals are best for your needs and trading style, such as best for your journal.
What is a trading journal?
Trading Journals are a powerful tool that helps traders track, analyze and improve trading performance. By recording details of each transaction, the journal provides valuable insight into trading habits and decision patterns. Beyond numbers, excellent trading journals include the ability to analyze trading psychology, manage risk, and identify pros and cons. This allows traders to improve their strategies and adhere to discipline over time. Whether you are a beginner or an experienced trader, trading journals are essential to achieving continuous growth and market consistency.
Edgewonk
Edgewonk A trading journal that distinguishes oneself by focusing only on what traders really need in journaling tools. Its comprehensive suite of features includes automatic trade imports, detailed journaling options and powerful trading psychology analysis. All of these are designed to help traders analyze performance and improve their strategy without distracting.
With its affordable price and no hidden costs, Edgewonk offers exceptional value and prioritizes core journaling capabilities over unnecessary extras. Although it does not include backtesting or trade replay features, this focused approach ensures a streamlined experience tailored to improved trading habits and performance. For those looking for a dedicated and effective trading journal, Edgewonk is an invincible option.
Strong Points
- Automatic trade import
- Comprehensive Journaling Features
- Low price
- Transaction psychology analysis
Cons
- There is no backtest
- Optional Support Limited
- There are no monthly plans (but 14-day refund period)
EdgeWonk.com screenshots
TraderSync
TraderSync is a trading journal that provides a wide range of reporting capabilities with outstanding support for options trading and the latest user interface. However, TraderSync is quite expensive compared to other journals that offer the same reporting capabilities.
One of its important products is the combination of backtesting functionality and journaling. Backtesting is valuable to traders, but is generally effective when performed via a specialized platform specifically designed for that purpose. With this integration, we feel that TraderSync is focused less on the main goals of past journals: analysis of past transactions and improving performance.
For traders looking for a pure and effective journaling experience, TraderSync’s approach may feel unnecessarily bloated and not suited to core journaling needs.
Strong Points
- Extensive options trading support
- Backtest
- 7-day trial
Cons
- expensive
- There are no strategic tests
- Important features cost extra
screenshots from cordersync.com
Tradezella
Tradezella is a trading journal that includes features such as mobile apps, backtests, and trade replay features, and is catered to traders who value convenience and provide the ability to visually review past transactions. However, the platform is considerably more expensive than many alternatives, which could be a barrier for budget-conscious traders. Furthermore, its backtesting capabilities are limited compared to dedicated tools, and lack the critical journaling capabilities that are essential for detailed trading analysis and improved performance. Tradezella offers several unique features, but its high cost and incomplete journaling capabilities make it an unattractive option for serious traders.
Strong Points
- Available apps
- Backtest
- Trade Replay
Cons
- Very expensive
- You miss important journaling features
- Backtesting is very limited
Screenshots from Tradezella.com
TradesViz
TradesViz is a trading journal that offers combinations of features, including automated trade charts, back testers, and free plans with limited functionality, creating options that are accessible to beginners. However, the platform is suppressed by its outdated design, making navigation and usability less intuitive. Although the free plan is available, the full version is relatively expensive and users may limit the number of trading accounts. TradesViz could be a good option for traders exploring journaling, but its design and cost structure may not meet the expectations of more sophisticated or active users.
Strong Points
- Free plans available (limited features)
- Automatic Trade Chart
- Back tester
Cons
- Outdated design
- The full version is expensive
- Limited trading accounts
screenshots from cordesviz.com
Tradervue
Tradervue is a trading journal that highlights features such as automated trade charts, committee reporting, and liquidity reports, making it a solid choice for traders who focus on these metrics. However, its features have a sudden price and can thwart many traders.
Tradervue also does not have any important tools for trading psychological analysis. This is an important aspect of improving discipline and long-term performance. Furthermore, synchronization with Metatrader is not supported. This is a major limitation for Forex traders using that platform. Tradervue is good for traders who prioritize in-depth cost and liquidity analysis, but lacks for those looking for a more overall journaling experience.
professional
- Automatic Trade Chart
- Commission Report
- Liquidity Report
Cons
- expensive
- There is no transaction psychology analysis
- There is no sync for Metatrader
screenshots from cordervue.com
winner
When it comes to choosing the best trading journal, Edgewonk He stands out as a clear winner. Its laser focuses on delivering a comprehensive and user-friendly journaling experience, ensuring that traders have all the tools they need to analyze performance and improve over time. Unlike its competitors who dilute offerings with unnecessary features or charge high costs for full access, Edgewonk keeps pricing affordable, and its features are completely dedicated to journaling. With its focus on automated trade imports, trading psychology analysis, and practical insights, Edgewonk is the biggest option for traders to seriously tackle their advantage and achieve long-term success.
Trade readers can use it Discount code “Trade“When you buy Edgewonk Subscriptions to obtain trading journal subscriptions are the largest possible Edgewonk discounts.
Disclaimer: Tradecie is also the creator of the Edgewonk Trading Journal.
