Choosing the right trading journal is essential for traders wanting to analyze performance, refine strategies, and improve consistency. In this article, we compare popular trading journals—Edgewonk, Tradersync, Tradervue, TradesViz, and TradeZella—breaking down their features, pricing, and unique offerings. Explore which journal best fits your needs and trading style.
What is a trading journal
A trading journal is a powerful tool that helps traders track, analyze, and improve their trading performance. By recording each trade’s details, a journal provides valuable insights into trading habits and decision-making patterns. Beyond just numbers, a good trading journal includes features to analyze trading psychology, manage risk, and identify strengths and weaknesses. It enables traders to refine their strategies and stay disciplined over time. Whether you’re a beginner or an experienced trader, a trading journal is essential for continuous growth and achieving consistency in the markets.
Edgewonk
Edgewonk is a trading journal that sets itself apart by focusing solely on what traders truly need in a journaling tool. Its comprehensive suite of features includes automated trade imports, detailed journaling options, and powerful trading psychology analytics—all designed to help traders analyze performance and refine their strategies without distractions.
With an affordable price and no hidden costs, Edgewonk delivers exceptional value, prioritizing core journaling functions over unnecessary extras. While it does not include backtesting, or trade replay functionalities, this focused approach ensures a streamlined experience tailored to improving trading habits and performance. For those seeking a dedicated and effective trading journal, Edgewonk is an unbeatable choice.
Pros
- Automated trade imports
- Comprehensive journaling features
- Low price
- Trading psychology analytics
Cons
- No backtesting
- Options support limited
- No monthly plan (but 14 day refund period)
Screenshot from Edgewonk.com
Tradersync
Tradersync is a trading journal that provides a wide range of reporting features, with notable support for options trading and a modern user interface. Though Tradersync comes at a significantly higher cost compared to other journals offering identical reporting features.
One of its key offerings is the combination of backtesting capabilities with journaling. While backtesting can be valuable for traders, it is generally more effective when done through specialized platforms designed specifically for that purpose. This integration can make Tradersync feel overly complex and less focused on the primary goal of a trading journal: analyzing past trades and improving performance.
For traders seeking a pure and effective journaling experience, Tradersync’s approach may feel unnecessarily bloated and less tailored to core journaling needs.
Pros
- Extensive options trading support
- Backtesting
- 7 day trial
Cons
- Expensive
- No strategy testing
- Important features cost extra
Screenshot from Tradersync.com
Tradezella
TradeZella is a trading journal that includes features like a mobile app, backtesting, and trade replay functionality, catering to traders who value convenience and the ability to review past trades visually. However, the platform is significantly more expensive than many alternatives, which may be a barrier for budget-conscious traders. Additionally, its backtesting capabilities are limited compared to dedicated tools, and it lacks key journaling features essential for in-depth trade analysis and performance improvement. While TradeZella offers some unique features, its high cost and incomplete journaling functionality make it a less compelling option for serious traders.
Pros
- App available
- Backtesting
- Trade Replay
Cons
- Very expensive
- Misses important journaling features
- Backtesting very limited
Screenshot from Tradezella.com
Tradesviz
TradesViz is a trading journal that offers a mix of features, including automated trade charts, a backtester, and a free plan with limited functionality—making it an accessible option for beginners. However, the platform is held back by its outdated design, which can make navigation and usability less intuitive. While a free plan is available, the full version is relatively expensive, and users may find restrictions on the number of trading accounts limiting. TradesViz can be a decent choice for traders exploring journaling, but its design and cost structure may not meet the expectations of more advanced or active users.
Pros
- Free plan available (limited features)
- Automated trade charts
- Backtester
Cons
- Outdated design
- Full version expensive
- Limited trading accounts
Screenshot from Tradesviz.com
Tradervue
Tradervue is a trading journal that stands out with features like automated trade charts, commission reports, and liquidity reports, making it a solid choice for traders focused on these metrics. However, its functionality comes at a steep price, which may deter many traders.
Tradervue also lacks critical tools for trading psychology analysis, a vital aspect of improving discipline and long-term performance. Additionally, it does not support syncing with MetaTrader, a significant limitation for Forex traders using that platform. While Tradervue is suitable for traders prioritizing detailed cost and liquidity analysis, it falls short for those seeking a more holistic journaling experience.
Pro
- Automated trade charts
- Commissions reports
- Liquidity reports
Cons
- Expensive
- No trading psychology analysis
- No syncing for MetaTrader
Screenshot from Tradervue.com
The winner
When it comes to selecting the best trading journal, Edgewonk stands out as the clear winner. Its laser focus on providing a comprehensive and user-friendly journaling experience ensures traders have all the tools they need to analyze their performance and improve over time. Unlike competitors that dilute their offerings with unnecessary features or impose high costs for full access, Edgewonk keeps its pricing affordable and its features entirely dedicated to journaling. With automated trade imports, trading psychology analytics, and a focus on actionable insights, Edgewonk remains the top choice for traders serious about refining their edge and achieving long-term success.
Tradeciety readers can use the discount code “Tradeciety” when purchasing an Edgewonk trading journal subscription to get 15 USD off – the biggest possible Edgewonk discount.
Disclaimer: Tradeciety is also the creator of the Edgewonk trading journal.
