Trading journals are great tools to use for keeping tabs on all your trades, especially if you’re juggling several stocks at a time. But with all the trading journals on the market, it’s hard to pick just one. Our TraderSync review will tell you everything you need to know about the service, so you can decide if it deserves the number one spot as your go-to trading journal.
There are tons of trading journal products, but if you’ve tested a few out, you know that they aren’t created equally.
Trading stocks is mostly a game of self-improvement, where you compare your previous successes and failures to boost your future trading performance.
However, learning from your mistakes can be costly, so streamlined analysis tools are a must-have to understand your trading history and identify areas of improvement.
TraderSync is a trading journal that can help you learn from past trades and grow as a trader, but is it worth its entry price?
Keep reading our TraderSync review to find out.
TraderSync Review: Overview and History
Back in 2014, a group of designers and programmers took the plunge into the world of trading.
It didn’t take the team long to realize they needed a good way to track and analyze their trades, and they discovered Excel sheets just weren’t enough.
That same team gave birth to TraderSync to give traders the chance to track and study data through trade journaling and powerful analysis tools.
Better yet, the team made their browser-based service TraderSync available to everyone through a range of free and paid plans.
TraderSync Review: What Is TraderSync?
TraderSync is an online trading journal with tons of features to help you understand your trading patterns so you can take your future trades to the next level.
TraderSync not only helps you keep track of current trades, but it also lets you peek back at past trades to see what worked and what didn’t.
Needless to say, this is a powerful tool to bolster your trading strategy.
Improve Your Trading Performance with Actionable Trading Data
Here are some of the key features offered by TraderSync:
Analysis tool to accurately track performance data
- Online trading journaling for beginner and advance traders
- Access to a variety of trade management module types, including Trade Management as well as the Evaluator and Simulator
- Traders can easily share trade data with other investors for quick feedback
- Profit and loss chart
The product links to over 100 different brokerages, including big names like TD Ameritrade and Robinhood.
Automatic importing makes it easy and fast to bring trade data over.
Once your data is inside TraderSync, all the reports, charting, and other features are at your fingertips.
To add to the list of perks, TraderSync has a mobile app for both Android and iOS phones.
These apps make trade management possible anytime, anywhere.
TraderSync Review: Trade Journaling
The trading journal is TraderSync’s top feature and is designed to monitor trading behavior across stocks, options, Forex, and futures.
This online trading journal offers a ton of features that help users analyze a particular trade or a group of trades
No matter where you do your trading, it’s always a good idea to record those trades in a trading journal.
Fortunately, TraderSync has a very easy-to-use trading journal that makes it painless to import trades and track data.
Two of the most impressive features of the trading journal are setup and mistake tags.
Setup tags will remind you what your goal was when you entered into a trade, while a mistakes tag offers a chance to review what went wrong with a trade you were working with.
Both setup and mistakes tags help track trading behavior so that you can avoid the same mistakes down the line.
Another bonus of TraderSync’s trade journal is the ability to add notes to each trade, reminding yourself why you took a look at the asset in the first place.
Record notes for any of your trades and even attach elements, like the price chart, for future reference.
Track Commissions and Fees
The trading journal also makes it easy to track commissions and fees by importing your data or entering it manually.
You can also set up rules within TraderSync to automatically add this information as you add trades.
The trade journal also allows you to take a look at your trades in interactive chart form.
It can even automatically annotate charts with your entry points, exit points as well as stop-loss levels.
This makes it easy to plot your personal trade data to review contents and track performance.
TraderSync Review: Reporting
Depending on the membership plan you’ve signed up for (starting at the Pro Tier and above), you’ll unlock several reports to run your trade data through.
The software platform keeps track of information on each trade, including data categories such as the market sector, entry price, volume, and even the day of the week you made the trade.
You can filter trade data by any of these criteria to view trading performance.
Running a report by day of the week will show profits and losses on each trading day.
You can use this data for strategy tracking and give yourself the best chance at trading success.
To go one step further, TraderSync has a built-in simulator to let you create a hypothetical situation based on your past performance data.
This trade report enables you to see how profits and losses might change depending on adjustments to your trading behavior.
You can also share any of your trades, trading data, or ideas with others to get feedback on how your strategy is set up if you choose.
Trade data is normally set to private, but with a few clicks, you can create a public profile and share your trades with the world.
TraderSync Review: Artificial Intelligence (AI) Feedback
TraderSync offers an advanced artificial intelligence engine that carefully peruses your trades for patterns at the higher subscription tiers.
The AI will report these findings back to you in an easy-to-digest format to allow you to make changes as needed.
TraderSync Review: Trade Management
Only available to Elite level traders, the Trade Management tool allows you to develop a trading plan by creating rules in TraderSync.
The software will then plot your trades from the beginning, using a color-coding system to show which trades followed the plan and which ones didn’t.
Even better, this chart can be set to identify profits and losses, so you can decide how well those rules might work moving forward.
TraderSync Review: Video Tutorials
The developers have set up an impressive library of video tutorials to teach members the ins and outs of their service.
These videos are top quality, cover a wide range of topics, and do a great job explaining each of the site’s features.
The team works hard to add new content here regularly to make it as easy as possible for members to use the site.
TraderSync Review: Is TraderSync Safe?
No trading is performed on TraderSync, so none of your money will ever pass through the site.
Though, you can access your trade data from the other trading platforms you use to track your performance.
This is especially useful for active traders and swing traders who need a comprehensive data hub that can track individual trade details.
Also, trade data that does end up on the platform is safely stored in the cloud using Amazon’s servers.
Connections to your data in the cloud are always encrypted and require a login.
TraderSync Review: TraderSync Cancellation Policy Review
TraderSync makes it as easy as a few clicks to cancel a membership, but the platform does not offer refunds for purchases past the 7-day free trial.
TraderSync Review: How Much Does TraderSync Cost?
TraderSync has four different tiers that traders can take advantage of.
With the obvious exception of the free tier, each paid plan has a 7-day free trial to allow day traders the chance to see what the software is all about.
A credit card is not required to use the free trial, so a trader can jump in with no risk.
TraderSync Free Plan
The Free Tier does not cost anything to use but does require a Twitter account.
To activate a free account, traders must post a tweet during the setup process to kick things off.
The site states it will not post a tweet without a user’s consent if this is a concern.
A trader will then have to share tweets periodically to keep the account from closing.
There’s no shortcut here.
The TraderSync platform monitors Twitter accounts and will ask a trader to tweet something new if they delete an old post, or the account will be closed.
Once the account is set up, users have to import trades onto the platform manually.
Only the most basic features are available, including tagging of trade setups and mistakes.
Users can only work with stocks on the Free Tier.
TraderSync Pro Plan
The Pro Tier adds several features that the Free Tier is lacking.
Traders will now have access to the trading journal software, tracking data, charting features, loads of reporting tools, calendar, and customer support.
Traders can also use the trade importer to import trades to the TraderSync software platform automatically.
At $29.95 per month, the Pro Tier gives traders the ability to really dive into the site’s trading data.
Signing up for a one-year subscription lowers the price by 13% to $26.00 per month by paying $312.68 annually.
TraderSync Premium Plan
In addition to everything in the Pro Tier, TraderSync’s Premium Tier adds another level of reporting data that users can use to study their trading performance on the market.
The most notable performance reports come in the form of the simulator and the evaluator.
These extra trading features are available for a monthly fee of $49.99.
As with the Pro Tier, signing up for a year lowers the price by 13% to $43.42 per month by paying $521.48 annually.
TraderSync Elite Plan
TraderSync’s Elite plans allow access to all the features that TraderSync has to offer.
An elite member receives the most comprehensive tools for trade management for more streamlined trade journaling.
Automatic target/stop losses tracking keeps a close eye on trading strategies.
Artificial intelligence feedback analyzes patterns in data and provides the results in a format that’s easy to review.
An Elite Tier subscription is $79.95 per month, or a yearly subscription lowers the price by 13% to $69.50 per month by paying $834.68 annually.
TraderSync Review: Pros and Cons
With a ton of great features and analytics at your fingertips, TraderSync has a lot going for it.
Take a look at the pros and cons of the service:
- Access to powerful tools, including trade setups, charting, data analytics as well as advanced features
- Works with several different market assets and financial markets
- Can access data from over 100 brokerages
- It’s easy to import data from all the trades you make on other platforms
- Effortlessly keep track of a particular trade or multiple trades at a time
- Friendly, well-polished user interface that makes understanding complex data categories a breeze
- Unlimited setup and mistake tags
- 7-day free trial with a fair entry price to paid plans for serious traders
- Free account (with some stipulations)
- Mobile app for Android and iOS
- Lots of options for customization
- Tiers of service for any budget
- Trade Management tool can be complex to use even though the interface is streamlined
- Some charting axes are not adjustable
TraderSync Review: Is TraderSync Right for Me?
Looking at all the benefits the software offers, there seems to be something for every trader to grab onto.
Beginners can take advantage of the platform’s tools to see where their trades have gone right and wrong.
There are enough advanced analytics to keep advanced traders excited for the long hall as well.
TraderSync makes its powerful trading platform accessible and available to all traders no matter where you’re currently at in your trading career.
With four different pricing tiers, cost should not be a hurdle.
If you’re okay sharing a few posts on Twitter, there’s no reason not to at least sign up for the free tier TraderSync offers to get a feel for the software service.
TraderSync Reviews by Members
Reviewers on Trustpilot have a lot of good things to say about the service, with its average rating sitting at 4.2 stars out of a possible 5.
Here are some of the more recent posts:
Hands down, TraderSync is the Number 1 trading log app in the market now. I was blown away by the quality and features built into it. Guys, they have a free Mobile app too. The folks I worked with on account creation and support were super nice and prompt in response. I am hooked. – Matthew, on Trustpilot
Another TraderSync review reads:
TraderSync is very easy to read and very clear. If you are new to trading like me they were great at being patient and answering all the crazy newbie questions I had. And their platform is so easy to read, compared to the other company I tried. Day and night difference. They have a great platform and more importantly great customer service and people who care. They are the best for a reason, in my opinion. – David, on Trustpilot
Final Review: Is TraderSync Worth It?
TraderSync is more than just one of the better trade journals on the market — it’s possibly one of the best.
The service has many built-in features to help traders see where their strengths and weaknesses lay in trading.
This is especially useful if you are a swing trader because your trades take place in quick succession of one another.
While journaling does require some hands-on work, TraderSync members agree it’s well worth the effort.
Best of all, the service is available at price points that traders should have no trouble getting behind.
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