Choosing the right business magazine is vital for entrepreneurs who want to analyze performance, improve strategies, and increase consistency. This article compares popular trading journal — Edgewonk, Tradersync, Tradervue, TradesViz, and TradeZella — along with their features, prices, and special offers. Find the magazine that best suits your needs and business model.
What Is A Trading Journal
A business journal is a powerful tool that helps entrepreneurs track, analyze, and improve their business performance. By recording the details of each business, a journal provides valuable information about business habits and decision-making patterns. Beyond numbers, a good business journal includes features that analyze business psychology, manage risks, and identify strengths and weaknesses. This allows traders to alter their strategies and remain consistent over time. If you are an experienced trader, a trading journal is essential for continued growth and achieving market stability.
Edgewonk
Edgewonk is a business journal that stands out because it focuses only on what business people need in a journaling tool. Its extensive feature set includes automatic trade import, detailed journal options, and robust trading psychology analysis – all designed to help traders analyze results and improve their strategies without fail.
With an affordable price and no hidden costs, Edgewonk offers unique value by prioritizing essential journal features over unnecessary extras. While this focused approach does not include a review or business recap, it does provide a personalized approach aimed at improving business habits and productivity. Edgewonk is an unbeatable choice for a specialized and effective business journal.
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)
Tradersync
Tradersync is a trading journal that offers a variety of reporting features, support for popular options, and a modern user interface. Although Tradersync is more expensive than other newsletters that provide the same reporting features, one of its main features is a combination of backtesting and journaling capabilities.
While backtesting can be helpful for a business, it is generally more effective when done on dedicated sites specifically designed for this purpose. This combination can make Tradersync seem complicated and unfocused on the primary purpose of a trading journal: analyzing past trades and improving performance.
For traders looking for a more accurate and efficient experience, the Tradersync process may seem overly bloated and out of sync with the core needs of the trader.
Pros
- Extensive options trading support
- Backtesting
- 7-day trial
Cons
- Expensive
- No strategy testing
- Important features cost extra
Tradezella
TradeZella is a trading journal with features like a mobile app, retesting, and trade recall. It is designed for traders who value convenience and can visually review past trades. However, the platform is more expensive than many exchanges, which can be a problem for traders on a budget. Additionally, its auditing capabilities are limited compared to specialized tools, and it lacks key features essential for in-depth business analysis and improved productivity. While TradeZella offers some unique features, its high price and incomplete journal functionality make it less than ideal for serious traders.
Pros
- App available
- Backtesting
- Trade Replay
Cons
- Very expensive
- Misses important journaling features
- Backtesting very limited
Tradesviz
TradesViz is a trading journal that offers features, including automated trading charts, a recurring advisor, and a free plan with limited functionality, making it a manageable option for beginners. However, the platform is held back by an outdated design that can make navigation and use unintuitive. While a free plan is available, the full version is expensive, and users may have limits on the number of trading accounts. TradesViz may be a good choice for traders learning a journal, but its architecture and cost structure may not meet the expectations of experienced or active users.
Pros
- Free plan available (limited features)
- Automated trade charts
- Backtester
Cons
- Outdated design
- Full version expensive
- Limited trading accounts
Tradervue
Tradervue is a trading journal with features like automated trading charts, commission reports, and flow reports, making it a solid choice for traders focusing on these metrics. However, its functionality is costly, which may put off many traders.
Tradervue also lacks an essential tool for analyzing trading psychology, vital in improving ethics and long-term results. Additionally, it does not support MetaTrader integration, which is a significant limitation for traders using that platform. While Tradervue is suitable for traders who prioritize detailed price and liquidity analysis, it is not ideal for those who want a whole journaling experience.
Pro
- Automated trade charts
- Commissions reports
- Liquidity reports
Cons
- Expensive
- No trading psychology analysis
- No syncing for MetaTrader
The winner
When choosing the best business magazine, Edgewonk is the clear winner. Its laser focus on providing a complete and user-friendly magazine ensures that traders have all the tools they need to analyze their performance and evolve. Unlike competitors who clutter their offerings with unnecessary features or charge high prices for completeness, Edgewonk keeps prices affordable and all the features dedicated to the magazine. Edgewonk offers direct trading, analyzes trading psychology, and focuses on actionable insights. It remains the best choice for traders to refine their edge and achieve long-term success.