Every trader worth their salt knows that you need to have clear trading goals in mind going in if you want to succeed in the long term. It’s easy to have a highly successful day now and then, but consistency? That takes dedication!
Fortunately, you can take advantage of every trading opportunity if you know what to look for, what you need to improve on, and what you’re already doing that’s successful. The bad news is that figuring these things out takes a lot of time and effort. Well, at least it used to.
These days, there are plenty of online trading journal software options available that can help you analyze and improve your performance (without needing to write everything down manually!). This trading tool can help you track movements across multiple asset classes, track your profits/losses, and complete every single trade with confidence.
However, many of these trading solutions cost money, and not everyone has the space in their budget to pay for extra software. In today’s article, we’ll be taking a look at the best free trading journals to figure out how you can take your trading game to the next level without needing to spend a dime!
You’ll have a number of different free online trading journal software solutions to choose from. While all of them will track your trading performance and trade history to some extent, many of these platforms severely limit your ability to track previous trades.
After considering many different platforms, we’ve selected the three trade journal platforms below as our “Top Picks”. Able to work with a wide variety of brokers, imposing only reasonable limitations, and effective at organizing relevant data, we’re sure you’ll find the best free option for you out of the three listed below!
The “Basic Plan” from TraderVue is completely free to use for as long as you need. Perfect for tracking your trading history, this plan is useful for a variety of trading types—such as day trading stocks, options, or futures—across the financial markets. You can even use it as a forex trading journal!
The basic plan includes basic journaling and reporting (up to 30 trades per month), access to the sharing feature, a small variety of trading metrics, and trade imports. You can learn more about the various features included in the Basic Plan by clicking here!
Learn More About Tradervue
Next on our list is TradesViz! The free version of this trading journal app only supports stock tracking, but it’s much more generous on trade imports than most other trading plans (offering up to 3,000 executions per month!). This makes it an excellent option for active traders.
It currently supports automatic imports for 34 different brokers, although—if you use a different brokerage—you can always input manual entries.
Using this journal for free will grant you access to PnL calendar data, the ability to monitor one trading account, real-time options flow, two indicators per chart, candlestick charts, and more!
If you want to be a profitable trader focusing on stocks but don’t have the budget to pay extra for trade journal software, TradesViz could be an excellent option for you.
Another trading journal that’s great for day traders is TradeMetria! The free version allows you to import up to 30 trades per month, which should be enough to monitor and improve your trading skills. For higher volumes, premium trade plans are available.
The free plan supports a wide variety of asset types including options, futures, forex, cryptos, and Cfds. It also has a number of different features that make it easy to track each individual trade, separating successful trades from the “needs-improvement” ones.
Some notable features of the free plan include access to historical performance data, analytics, metrics, and portfolio tracking. You can click here to join all of the other successful traders who’re already using TradeMetria!
Learn More About TradeMetria
What If You’re Willing to Pay?
All of the stock trading journals listed above have premium versions, but we’ve selected those ones specifically because they offer excellent services for free. True, there are many other free options around. However, we’ve only selected free services that we think provide a truly excellent experience for free!
If you’re willing to pay—but are working with a small budget—-then we recommend using Edgewonk. Unlike many other software solutions, this trading behavior tracking software bills annually, rather than as a monthly subscription. This is excellent news if you’re just starting out with your trading business since it makes it extremely easy to figure out your annual expenses.
For only $169 per year, Edgewonk allows you to track a variety of asset types (stocks, futures, forex, CFD, commodities, and crypto), run trade analytics, track your performance, run backtests, and much more!
If you’re ready to truly take your trade planning to the next level then Edgewonk could prove an invaluable tool. Click here to learn about the extensive list of features included in this yearly flat-rate plan!
Learn More About Edgewonk
While you won’t be able to track unlimited trade using free trading journal software, free solutions still offer an excellent way to track your trading activities. With detailed reports, automatic trade imports, analytics, and solutions for every trading style, it’s never been easier to keep an accurate record of trades!
If you’re ready to spot trading patterns, refine your trading strategies, improve your performance over time, and start seeing your profits skyrocket then we highly recommend giving one of these journals a try. After all, what do you have to lose? They’re free!