I haven’t really been looking too hard for a free online forex trading journal because the solutions I have seen in the past have been pretty disappointing. I stumbled upon this site on Twitter and I was quite surprised.
It is called MeetPips.com and it might not be the ultimate forex trading journal, but it is pretty damn good compared what have seen before.
What I really like about it is that it tracks your pips by strategy and gives your performance over time. You can also filter your results by currency pair so you can see which pairs you trade best.
When you setup each strategy, you input your setup parameters such as entry, exit, stop loss, etc. Then you select which strategy you are using for each trade and record entries and exits.
As you can see at the bottom of the picture to the left (click the picture to see a larger image in a new window) you can also input your current mood.
That may seem a little weird to some people, but it can be an important in determining if your mood plays a major part in determining your success. It may affect some people and it may not affect others.
Journaling and reviewing my trades has never been my strong suit, so maybe this will be a good way for me to keep track of my trades and how well I am doing with each trade setup.
Check it out and see if it it might help you. It is free and brought to you by the folks at BabyPips.com.
Click here to try it out.