Amidst the tons of trading journals that are available in the market. How do you find which one is the best for you in 2022. What are the updates that different products promise and what do they offer. By the end of this article you would know for sure which is the best trading journal software in 2022 that will serve your purpose.
And, if you are confused to why trade journaling is important in the first place then please spare 5 mins to read this article, I am sure you wouldn't be disappointed.
There are a wide variety of options you can choose from based on what you specifically seek. From simple Microsoft XL self made trade journaling to advanced automated yet simple trade journaling softwares. The primary reason for journaling is to track, organise and store performance data. But, there are companies that are offering much more than just trade journaling. So, let us understand different platforms that are available and what problems are they solving for the traders.
TraderSync
It is essentially a trade journal platform. It has been offering services since 2011. The platform has innumerable features around Trade Journaling and essentially offers insights based on inputs the user gives while adding comments and using setups. It is available with free plans and paid plans. It helps you understand the trading patterns to take better future trades with trade journaling and powerful analysis tools. Here, you can share their data with other members of the platform for quick feedback. They have profit and loss chart. It has a simple method to import trade journals. You can add manually everything, like details related to the reasons why you took the trade to commission, charges, other fees, and reporting. It suggests you insights using Artificial Intelligence and the data that you have fed to the machines often. There are multiple plans in subscription model. You can choose the right plan according to your needs.
Trader Vue
It is also an official trade journal platform exclusively. It has been offering services since 2011. This platform’s UI and UX is simpler compared to other platforms. However, it has not partnered with many Indian brokers and that stops Indian users unlock its full potential. Even if traders try to upload a general trade journal, it does not work to its best capacity. Otherwise, this platform claims to possess salient features like Trade journaling, Variety of reporting, Statistics based on multi currency, Filters, Tags, Sharing on various communities, Powerful advanced analytics and etc. The downside of this platform is traders must manually import trade books and the platform does not offer any educational or reference material to understand and access the platform. There are multiple plans in subscription model. You can choose the right plan according to your needs.
Discover the benefits that come with regular journaling and get ready to start journaling in your ruled notebook.
