These inputs are optional depending on what you want to track. Stocks The value will always be 1. Maximum Favorable Excursion MFE marks the highest price during a long trade and the lowest price during a short trade.

You potentially can improve your strategy by analyzing MFE and determining if you should be more or less conservative with your take profit. If you tighten your take profits your win rate will go up but your expectancy is going to drop. So make sure to evaluate both sides. Maximum Adverse Excursion MAE marks the lowest price during a long trade and the highest price during a short trade.

Once again you can looking to improve your strategy by analyzing MAE to determine if you should be more or less conservative with your stops. To change the strategy names to reflect the strategies you trade you will need to unhide the formulas. Head over to Column P and click on the black arrow in the upper right of the cell.

This will unlock all of the formulas as seen below. Now you can change the names of the strategies by editing the labels in column Q. After storing your trade photos, right click on the photo and choose get link and then copy the link as seen below. The tool allows traders to import trade data, then analyse simple metrics to look at profitability and various other factors. A simple but great tool for forex traders! You can store trades in different folders and Notion makes it very simple to pull data when you need to compile reports.

The only downside is the fact you need to manually add all of your trades into Notion, which could take a long time if you have years of past history to add! Trademetria is a forex trading journal that allows automatic importing of historical data. The tool comes with over 30 data points to help traders analyse the data, take accountability and enhance your edge within the markets.

You can also add screenshots, comments and notes to speed up the refinement process±. MyFxBook is one of the best tools for traders looking to get in-depth statistics and analysis of their trading performance.

However, MyFxBook is a must have for traders wanting to analyse their past trades to find patterns and refine their edge! FxBlue is essentially a very objective trading journal. Instead of journalling anything subjective, it tracks and analyses your trading results allowing traders to take an objective look at where their edge may lie. The downside of the platform is that you cannot add your own screenshots in for trades, so that will need to be tracked separately.

Regardless, FxBlue is completely free and a trading choice of trading journal! We are always open to new ideas. Tradiry works for all markets Crypto, Forex, Stock, Futures and Options.

Flexible advanced stats will help to find you the strengths and weaknesses of your trading strategy. When you have too much data to look back on and need more technical support with tracking as well as analyzing your trades, using special trading journal software can make tracking your trades even easier. Using a trading journal software helps mitigate the issues you may face using paper trade journals or Excel.

Tradiry is more user friendly and allows you to spend more time focusing on making more trades that are smart. Tradiry trading journal available for any markets, and works with trading accounts in all currencies.

Our trading journal provides all the necessary tools to traders with any experience:. Tradiry trading journal was developed by professional traders with extensive experience. But we still want to improve. Share your ideas with us and we will be happy to review or add new features to our journal.

Just text us! Tradiry is an online trading journal, which helps to track, analyse and view your trades. A good trading journal will help you to learn from your mistakes instead of stepping on the same rake. Currently we are support MetaTrader 4, MetaTrader 5 and CSV import. More platforms will be added soon.

Trade journalling is one of the most important aspects of trading and developing your edge within the markets. As the retail forex market has expanded rapidly, there is now a growing range of different tools and services for journalling trades. We have compiled a very simple but in-depth list of the worlds leading forex trading journalling softwares.

ForexBook is a forex trading journal platform that integrates with your broker to pull all of your trading data into a very digestible form. The tool allows you to import historical data, connect multiple accounts and create trading strategies based on your past trades. ForexBook is completely lightweight and automatically tracks all of your data with a simple EA on MT4! Click here to read my full, in-depth review of the offering!

TraderSync is one of the worlds leading forex trading journals. The platform automatically imports your trades for you to add comments, filter and analyse in order to increase your edge in the markets.

The benefit of TraderSync is the fact the platform works in all markets including forex, stock, futures and options. Edgewonk combines journalling and a trading diary to provide a great analysis tool for forex traders looking to improve their edge. The tool works on all devices and comes with a trade simulator, data filters, graphs, multiple journals and a notebook for screenshots!

Everything you would ever need to successfully journal all of your trading activity. Click here to look at my full review of Edgewonk, looking at my experience, pros, cons and why you should be using the tool! TrackFx is a brand new analysis platform for forex traders to track, analyse and journal trades in detail. The platform uses technology to provide value metrics to traders looking to increase their edge in the markets.

TrackFx allows traders to import data from a range of brokers, then provides completely objective statistics. For more holistic traders, the lack of subjectivity maybe an issue, but for numbers driven traders — this is a great choice of a trading journal! Have a read here of my full review, looking at the pros and cons of the software! I would highly recommend journalling your trades in a simple spreadsheet if you have knowledge of how to work with Excel!

Evernote is a very useful tool for traders journalling trades. Although you will need to be manually adding trades on Evernote, the customisation and ability to add screenshots is a huge selling point. Not only that, Evernote has a completely free plan to test the waters! Tradervue is a very simple forex journalling tool for traders. The tool allows traders to import trade data, then analyse simple metrics to look at profitability and various other factors.

A simple but great tool for forex traders! You can store trades in different folders and Notion makes it very simple to pull data when you need to compile reports. The only downside is the fact you need to manually add all of your trades into Notion, which could take a long time if you have years of past history to add!

Trademetria is a forex trading journal that allows automatic importing of historical data. The tool comes with over 30 data points to help traders analyse the data, take accountability and enhance your edge within the markets. You can also add screenshots, comments and notes to speed up the refinement process±.

MyFxBook is one of the best tools for traders looking to get in-depth statistics and analysis of their trading performance. However, MyFxBook is a must have for traders wanting to analyse their past trades to find patterns and refine their edge! FxBlue is essentially a very objective trading journal. Instead of journalling anything subjective, it tracks and analyses your trading results allowing traders to take an objective look at where their edge may lie.

The downside of the platform is that you cannot add your own screenshots in for trades, so that will need to be tracked separately. Regardless, FxBlue is completely free and a trading choice of trading journal!

Skip to content Find The Best Forex Trading Journals In Forex Book. Visit Now.

TrackFx allows traders to import data from a range of brokers, then provides completely objective statistics. Advertisements: EXNESS: low spreads - just excellent! Explaining the columns Let's look at the example journal that has been filled with some random trades. Just text us! In this guide, we will discuss in detail our Forex Trading Journal Template that you can use with Excel or Google Sheets for free we personally recommend you to use google sheets.

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