Trading journal tools

I was looking to get a trading journal tool so i can document my trades. I see a lot of them in the market. is ther any comparitive view that anyone can share

I haven't really come across a trading journal (although i do see some traders posting their screenshots using some windows based journal).

The best and cheaper (free) alternative is to use tradingview.com

You can set up your indicators and also specify if you want to go long or short and publish it. Its easy to see how your trade has performed. The basic pro version allows you to keep your ideas private.

Why don't you just open an Excel spreadsheet and type your trades in? Seems like the most obvious way of doing it. Personally I use these guys' spreadsheet and it's totally enough. http://www.forextrainingworldwide.co...ans/lesson-28/

I use P4L OrderHistory script. At the end of the week I add it to the chart and see how good/bad my trades were. Usually I make also powerpoint with MT4 screenshots, my comments etc.
About P4L OH read following thread: http://www.forexfactory.com/showthread.php?t=46668

I use MT4 Trading Platform. It manage automatically the trading journals. So we don't need to document them. If u don't want to use this then it is better way to document in spreadsheet.

and other way is : Login your account in brokers website and check your ledgers and statements.

You can try trading explorer or myfxbook to get a better analysis about your trading.

Did anyone manage to get that spreadsheet to work? Looks good but it doesn't seem to work on my computer. Excel should open with OpenOffice right?

So far most of the posts have been about documenting closed trades. My personal problem is to be able to follow the rules for my trading method with rigid discipline but without emotion, so my priority is to record my decision making process to open the trade. To enable this I keep a trading diary that records each trade with the following information:

• pair
• entry date and/or time
• entry rule #1 qualified
• entry rule #2 qualified
• entry rule #3 qualified
• entry rule #4 qualified
• entry method (limit or stop order)
• entry price
• stop loss price
• take profit target price
• trailing stop
• current position status: NONE (whilst I'm waiting for the trade rules to be met), BUY STOP, BUY LIMIT, SELL STOP, SELL LIMIT, OPEN, STOP LOSS HIT, TARGET REACHED, STOPPED OUT BY TRAILING STOP

Once my trading rules have been met and an order placed I'll set the "position status" accordingly. As soon as a working order has been filled I'll set it to "OPEN".

If the trade moves in my favour I will set and record a trailing stop and move it manually as the trade progresses. When the position is closed I'll set the "position status" to how it was closed.

I also take a screenshot at the time the trade is opened and a second screenshot when the trade is closed.

Since implementing this trading diary I don't miss trading opportunities and I don't suffer trader's remorse by entering trades that I later regret. As a result I am able to trade successfully and, crucially for me, without stress.