MyFxBook is an extremely well-known and popular website for tracking and verifying trading results. It is also excellent when being used as a trading journal. This journal gives you the ability to track any market, Forex pair or cryptocurrency you are trading as the data is being taken directly from your trading history. MyFxBook shows you very in-depth and detailed information about your trading history. You can also keep your profile private so that only you are the one who is seeing your trading history making it a great tool for traders who are learning or testing a new strategy.

Use My Fx Book Here. This is one of the most popular free stock trading journals. It is another online cloud based trading journal and it is also free to use. This journal allows you to log all of your stock market trades, test potential new trading strategies and spot errors before they start costing your money. This is a forward looking journal and does not support importing old data. All trades will have to be logged as you make and close them. Read and download stock market journal here.

The Trade Bench journal is another free tool with a very nice amount of benefits for free software. This journal has some benefits that the other journals do not have such as the plan trade feature that allows you to create customizable checklists for your trade plans. Another really nice feature is that it allows you to add text comments before entering your trade. This is very useful especially for new traders or traders testing out a new strategy.

Having this feature allows you to go back and revisit what you were thinking before you made the trade. Whilst many trading journals will allow you to track your trades over different markets such as Forex and stocks, they are often more suited to one market over another. If you trade one particular market, then you would probably be best served using the journal that is created for that market. Which is why I rate it the single best all in one free trade journal option.

Many traders prefer to build their own journal. Building your own journal offers endless opportunities for customization. Handwritten journals are fine but they lack the ease of analysis and filtering options available with software solutions. If you prefer to create your own trade journal, a great option is Evernote.

Evernote is perfect for detailed note taking. Evernote has a sleek and intuitive design. Journal enters can be easily organized with filter and tagging options. Evernote is an online notebook that you can access anywhere — from your smartphone, desktop to the web, your notes are synced on all your devices.

Skitch is An add-on feature tool that takes screenshots and adds them directly to your Evernote journal. Evernote syncs your data to all your registered devices. Whether you view your notebooks from your phone or laptop, the same sleek user interface will greet you along with all the set of tools.

You can then link the specific notebook to the spreadsheet for easy access. A tip, however, is you can find a template that resembles that of a journal e. Spreadsheet software such as Microsoft excel or google sheets function as data organization and analytics tools. Microsoft Excel, is a hugely popular software application. Likely you already have Microsoft office installed on your machine.

It features fantastic computational capacity, graphing and pivot tables — making it a must-have piece of software for a variety of applications. Google Sheets has gained similar popularity in recent times. Goggle sheets shares the same computational capabilities as Excel. Google sheets is exclusively a web based application that lets users syncs files real time to its file storage application. The advantage of google sheets over excel is its free to use with a google account.

Both Microsoft excel and Google sheets spreadsheets organize data with the use of cells, rows and columns.

Both also boast of a wide range of formulas and charting features that you can use for data manipulation and presentation. Either spreadsheet application can be used to make a highly analytical trading journal where you can record, compile, and examine statistics of trade performance. The advantage of using either Excel or google sheets to build a trading journal is the limitless customization.

Although there are templates available, by using spreadsheets you have complete control over the design and components of your journal. To make your trading journal robust and complete , consider having these must-haves:. You can learn more about these necessary components in my recent post: Best Online Trading Journal — What should be included in a trading journal.

As mentioned above, data manipulation and statistical analysis will be the game changer of your trade journal. Developing to be a consistently profitable trader — like any competitive sport, requires continuous and detailed data recording and performance analysis via review — something which spreadsheets such as google sheets and excel are perfect. The following is an example of my own trading journal. I divide my own journal into two main parts: Trade Log and Trade Analysis. Trade Log — is a strict record of trades.

These can be either individual trades or a days trading record with notes. Its a really good idea to including word-based data such as mistakes and thoughts.

There are lots of free spreadsheet journals already available online and there are quite a few professional stand-alone or web-based logging solutions. However, there are lots of reasons to prefer the simplicity and versatility of an Excel spreadsheet. Meanwhile, its customizability means that the journal only calculates and shows the stuff that you need the most. The resulting trading journal unites approaches to logging three different macro-strategies — chart pattern trading, news trading, and fundamental analysis trading.

It allows easy customization most non-essential columns can be hidden if they aren't needed while also providing an in-depth analysis of the trades. The only serious disadvantage such a journal has is slow performance because Excel, albeit a great software, does lots of unnecessary calculations each time you change something in a spreadsheet. Then follow the price-related parameters of the trade: entry price , initial stop-loss , initial take-profit , IRR initial risk-to-reward ratio , position size you can enter it in lots or in units, or you can just hide the column if you don't want to recored this parameter , exit price , close date.

The final columns of the trading journal include: open comment what you had thought about the trade when you just opened it , close comment what you think about the trade after closing it , end balance calculated automatically , chart link you can insert a link to a local file on your computer, or a URL to some website where you store your trading screenshots, or you can hide this column entirely.

This is where you define your currency pairs with a quick reference number and a number of decimal places. There are two number fields but the second one is filled automatically when you enter something in the first one. The second column is required for technical reasons:. The Analysis sheet becomes the most interesting one after you log some trades. It lets you analyze your performance using a number of metrics and charts.

The table ends with the columns that show the metrics of the "maximum" parameters of your strategy: profit , loss , winning streak longest sequence of uninterrupted profitable trades , losing streak longest sequence of uninterrupted losing trades , absolute drawdown how much your balance declined below its starting point , maximum drawdown largest peak-to-through percentage decline.

You can download either a pre-filled template journal spreadsheet you can replace trades with your own or clear unnecessary rows or an empty spreadsheet only initial balance transaction is logged. If the journal is empty, an occasional "Excel found a problem with one or more formula references in this worksheet. Download Forex Trading Journal 3. Download an empty Forex Trading Journal 3. Otherwise, you won't able to reference currency pairs both by their name and number.

You can set the maximum iterations value to If you have any suggestions or if you find any bugs in this Forex trading journal spreadsheet, please report them on our forum. If you want to get news of the most recent updates to our guides or anything else related to Forex trading, you can subscribe to our monthly newsletter. MT4 Forex Brokers MT5 Forex Brokers PayPal Brokers WebMoney Brokers Oil Trading Brokers Gold Trading Brokers Muslim-Friendly Brokers Web Browser Platform Brokers with CFD Trading ECN Brokers Skrill Brokers Neteller Brokers Bitcoin FX Brokers Cryptocurrency Forex Brokers PAMM Forex Brokers Brokers for US Traders Scalping Forex Brokers Low Spread Brokers Zero Spread Brokers Low Deposit Forex Brokers Micro Forex Brokers With Cent Accounts High Leverage Forex Brokers cTrader Forex Brokers NinjaTrader Forex Brokers UK Forex Brokers ASIC Regulated Forex Brokers Swiss Forex Brokers Canadian Forex Brokers Spread Betting Brokers New Forex Brokers Search Brokers Interviews with Brokers Forex Broker Reviews.

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Advertisements: EXNESS: low spreads - just excellent! Please disable AdBlock or whitelist EarnForex. Thank you! EarnForex Education Guides. Features Here are some of the features of the trading journal that you can download further below: A Welcome sheet with some basic information you can safely delete it after reading.

A Currency Pairs sheet that serves to put in your currency pair settings for quick referencing and for decimal place counts. You can ignore it, but then you won't be able to benefit from decimal places formatting; also you won't be able to just enter a small number instead of typing in the entire currency pair name each time. The number of pips for profit and loss is calculated automatically.

A Commission column that can also be used to record rebates if you receive them from your broker. A Swap column to record the swaps you pay or get from the broker. An Analysis sheet to provide detailed analysis of your trading performance. Scalpers and intraday traders wouldn't probably need some of the columns Close date or Swaps for example but they would maybe want to track the trade length.

Only first 1, rows are filled with formulas. If you hit the limit, just copy and paste formulas from the final row as far down as you need. However, the more filled rows you have, the slower the journal will work. It is recommended to create a new trading journal file for each new year or for each new month if you are scalping. Explaining the columns Let's look at the example journal that has been filled with some random trades. Currency Pairs sheet This is where you define your currency pairs with a quick reference number and a number of decimal places.

The second column is required for technical reasons: Analysis The Analysis sheet becomes the most interesting one after you log some trades. You can set the maximum iterations value to 1: If you have any suggestions or if you find any bugs in this Forex trading journal spreadsheet, please report them on our forum.

The4xJounal is a convenient tool that allows you to plan and document detailed information about your trades. You're so awesome! Click here to read my full, in-depth review of the offering! Index funds and size to work with. Evernote is a very useful tool for traders journalling trades.

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