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.
Hi Hugh,
Just letting you know that meetpips no longer exists. I am the founder of Trademetria (www.trademetria.com), a sophisticated trading journal tool for advanced traders and investors. Let me know if you would like to check it out and I’ll set you up with a pro account.
Hi Thiago,
Thanks for stopping by. Your journal looks cool, but that format doesn’t work for me. I wish you success with the site though, all traders should use a journal!
I’ve been doing a bit of research on the best trading journal platform as well. It’s been kind of hit or miss on what I’ve been able to find. I stumbled across this review from a link on ForexCrunch.
I know it has been awhile since you posted it, but definitely appreciated. I’ve tried MeetPips as well, and while I like the social aspects of it, I feel like a lot of users are just trying to recruit people to use their method or sell their training.
Are you still keeping a journal at MeetPips.com? Would love to connect with you on other solutions you might have found/ tried since this original review.
Hey Shane,
Glad it was helpful. Yeah that was awhile back.
I’m actually using Evernote now: http://www.tradingheroes.com/how-to-journal-your-forex-trades-with-evernote/
But it’s all about whatever works for you.
Hope your trading is going well!
Hugh
I started trading forex 2 years ago.
After I also couldn’t find a proper journaling software so I went on and created one. It’s called FxLogger, you can find it here:
http://www.fxlogger.net
Happy trading to everyone!
Great, but I fail to see how it is better than MyFxBook or MT4i. Your product is for PC only, it costs $19.99 and I only see the following benefits: Total Pips, Win/Loss Score, Best Win, Worst Loss, Best/Worst Trade Periods. On top of that, you have no support forum for your product.
MyFxBook and MT4i are free, they work on any platform through a browser and they have a ton on analytics, on top of being able to keep a journal. They also automatically log the trades you do.
Sorry to break it to you my friend, but probably need to reposition your product or think of something different. Good Luck!