Technology is about to upset trading, whether people prefer it or not. It seems to be doing that since self-learning algorithms-driven higher investment computers took over the stock system a decade earlier. You certainly don't have the funds to use advanced devices as consumer spending.
This shouldn't, however, preclude you from using a virtual trading helper to raise your efficiency. Here, we'll concentrate on the top trading diary and see how it may increase your win percentage and automate your wealth management procedure.
What is Tradervue?
It's a social media site called Tradervue. But it's not like Facebook or Twitter as we know them. It's a trading log where community members can post their trades. Analysis of trading performance is another option. The business has recently upgraded its platform without increasing costs. So it's undoubtedly worthwhile to check out.
Tradervue, established in 2011, aims to make maintaining a trading log as simple as possible. It provides no genuine trading services. However, Tradervue allows the importation of trades from outside brokers for analysis. Additionally, trades include currency, futures, and options, in addition to stocks and ETFs. Greg Reinacker created this platform with short-term traders' requirements in mind.
Let's have a look at 10 Alternatives to Tradervue for Trading and Analytics:
1. TraderSync
Like any other practical solution, TraderSync was created to address a challenge its creators had already encountered.
A group of developers who had spent a lot of time learning regarding trading and completing courses at the time the platform was released in 2014 was still unable to turn a profit. They ultimately realized they required a program to assist them in keeping track of their trades.
TraderSync is now one of the most flexible and comprehensive trading journaling software options. Additionally, hundreds of different merchants across the world use it as one of their most well-liked solutions.
Thanks to its online interface, Android plus iOS mobile apps, TraderSync is very simple to access on any don device
Price
- Free Basic Account.
- Professional Account - $29.95 monthly.
- Monthly Fee for Premium Account: $49.95.
- Elite Membership: $79.95/month.
- Every paid account offers a 7-day risk-free trial.
Pros
- All plans are eligible for a 7-day trial version.
- Utilizes options, currency, futures, plus stocks.
- A.I. features, as well as interactive charts, are included.
Cons
- The cost of an Elite subscription is on the upper end of that for trade journals.
2. Myfxbook
Our range of sophisticated trading tools includes Myfxbook. Around 1 million users utilize this service, which replicates the transactions of experienced traders on a global scale. By connecting through a Standard Account, one can take advantage of copy trading, research, and collaboration.
What does Myfxbook offer?
- Myfxbook must authorize traders before their accounts can be used for automatic copying.
- Copy traders have such a track record of profitable trades.
- Easy to regulate auto-copied trades that you can change or close whenever you want
- Access resources that offer insightful, precise analysis as well as statistics.
- You can directly access Myfxbook through your web browser.
3. Finviz
Finviz is indeed a browser-based sharemarket analysis platform that makes marketplace information readily available to both investors and traders. The website provides both free and paid tools for investors to employ to create ideas and identify market opportunities in the stock, FX, and futures markets. The most recent financial information, market maps, comparing tools and charts, portfolios monitoring, sophisticated screeners, and starting to develop tools are all accessible to web page visitors.
Although the amount of information on the Finviz homepage may be intimidating to new users, dealers can save time and money by learning how to operate the charts and free tools instead of purchasing additional tools.
Payment Options for Finviz
Based on tools and options they would like to employ, traders can pick between three significant FINVIZ pricing alternatives. The various price points include:
- Free
If you're a 1st time user of FINVIZ, there is no need to register or login before using the website.
- Registered
Users must register on the web page to avail of the registered option.
- Elite
The paid option for premium users is the FINVIZ elite plan. The cost of the subscription service to the elite plan is $39.50. By choosing the yearly membership, which costs $299.50, users could save money.
4. Investors Underground
The mission of the online day trade area Investors Underground is to inform new traders and keep existing traders engaged while the markets are open. Day traders can swap ideas plus trade alerts all day long in Investors Underground's well-known trading chat group. Additionally, the service offers a range of teaching resources. These classes help new traders learn about the marketplace and day dealing techniques.
For traders wishing to develop their tactics, Investors Underground acts as a community. Daily market watch lists, weekly trade review videos, and monthly Q&A webinars are also offered. These priceless trading resources enable traders of all experience levels to continuously enhance their trading approaches and gain knowledge from more experienced traders.
Investors Underground provides the following benefits
- Learn from a successful trader who also instructs other traders.
- Due to the size of the community, there are a wide variety of conversations and advice.
- Focus on education rather than imitation, which can produce significant gains for committed traders over time.
- The Investors Underground members provide outstanding customer service, along with a live chat facility.
Drawbacks
- The cost is on the high side, and membership is not included in the sale of the courses.
- Be ready to take considerable time to master the terminology since the chat rooms might move quickly.
Pricing
- Monthly: $297/month.
- Quarterly: $697/quarter (saving $194).
- Annually: $1897/year (saving $1667).
5. Trademetria
The best way to explain Trademetria is as a trading notebook, portfolio tracking, and deal analyzer in one. To guarantee you have all you can do to assess your trades and enhance your online stock success, the platform provides all crucial elements. It would monitor other cash-related actions, including platform charges, payments, transactions, and dividends, providing a comprehensive method of keeping tabs on every dollar spent on your trading enterprise.
The platform leverages trading information from several funds to monitor, analyze, and assess the financial status and predict critical metrics. By considering statistical data on what succeeds and what's not, the platform aids traders in making wiser judgments. Tens of hundreds of customers utilize the journal globally, according to its website.
Pricing
- There are three primary levels of platform fees: Free, Basic, and Pro.
- The primary option has a monthly fee of $19.95.
- The cost of the Pro Option is $29.95.
Advantages
- Monitoring financial position.
- A web-based platform that is open to everyone.
- Extensive analytical capabilities.
- Includes real-time quotes.
- Enables CFDs, FX, cryptocurrencies, futures, and options on stocks.
- PnL Simulator plus API.
Disadvantage
- Ongoing expenses.
6. Barchart
Barchart.com offers financial market monitoring, analysis, and graphing for domestic and international markets. In less than two decades of operation, the site has grown significantly from its humble beginnings as a technical indicator charting website to become a financial gateway with a global user base that includes everyone from novice investors to professional portfolio managers.
Everything from headlines, articles, and analyses that improve fundamental and technical research are included in the services' diversity.
Pricing
Just by enrolling, Barchart.com offers a free subscription that grants restricted access to graphs, historical information, watch lists, screeners, analytical and foundational analysis tools, and more. Ads are present on the free plan.
Pros
- A centralized location for news, charts, displays, and insights related to the financial markets.
- Advanced options scanners offer exciting potential for revenue production.
- Data-driven insights are provided through analysis software like Barchart Opinion and Traders Cheat Sheet, which
- help enhance trade execution and management.
- Templates and layouts with complete customization are stored in the cloud for convenience.
- Scalable and adaptable research instruments.
- Custom watch lists and regular email alerts are available.
Cons
- Your email is added to several lists promoting financial products through free subscriptions.
- Free access ads in the form of pop-ups and banners might be annoying.
7. Tradestation
TradeStation has a single goal: to provide the best online trading environment and related products and services for independent buyers and sellers in the markets for stocks, equity/index choices, futures, futures alternatives, and cryptocurrencies. TradeStation has become a well-known leader in its field and is working to create something much more significant. TradeStation Services, Inc. provides accounts for trading in equities plus futures. TradeStation Crypto, Inc. provides crypto accounts.
Pros
- Superior trading platforms.
- Extensive investigation.
- Commission-free transactions in stocks, ETFs, and options.
- Advanced equipment.
- The active community of traders.
Cons
- To explore the extent, free trading needs TS Select.
- No stock funds with no transaction fees.
- Plans and costs can be challenging to understand.
TradeStation is most useful for
8. Tradebench
A risk assessment tool accompanying an online trading notebook, TradeBench, is free. There are no subscription plans as well as all features are available to everyone.
How does TradeBench manage to give its services without charging anything? By collaborating with sponsors and occasionally encouraging its viewers to click on ads, it earns money—a tiny amount to pay for a product that could help you become a more successful business person.
Pros
- Follow the trading of stocks, currencies, cryptocurrencies, and CFDs.
- Several trading tools for improved execution.
- Use any online brokerage.
Cons
- Trading is a high-risk activity that TradeBench encourages.
Pricing
- All features of TradeBench are always free.
9. Edgewonk
Edgewonk is an online stock diary created to assist active traders in monitoring and evaluating their financial status to discover ways to enhance their trading strategies. Utilizing the service improves your trading skills. The platform has many tools that allow you to track your advancements over time.
At Edgewonk, unlike many other trading journal companies, there is no complimentary meal. If you wish to use the tool, you must pay $169 annually.
Pros
- Offers cryptocurrencies, commodities, futures, FX, and CFD trading.
- Imports trade information automatically.
- Enhances your trading success by allowing you to evaluate trade plus emotional analytics.
Cons
- No membership is free.
- It can take weeks or even months to gather sufficient data for insightful analyses.
- It may imply to novices that trading is simple.
10. Warrior Trading
Warrior Trading is indeed an investing research site that concentrates on giving existing and aspiring day traders access to educational materials, share market simulators, chat sessions, and more. Additionally, they offer webinars, online classes, group coaching, and other tools to help you become a better short-term investor.
Warrior Trading may be suitable for you when you are a self-employed company owner looking for extra cash, seeking the flexibility to deal and work at your own pace, or an experienced share price day trader.
This is best for
- Novice day traders who are unsure of where to begin.
- Active day investors are looking for guidance.
- Those are looking for more income.
- Those are seeking independent employment and trade.
- Ambitious full-time traders are seeking a full-time source of income.
Key features
- Large trading community.
- A wealth of instructional resources.
- Offers sophisticated trading techniques.
- Trader mentorship in a group.
Pro
- Membership for a year is $5,997. (does not auto-enroll)
- $197 each month following the first 90 days, or $4,297 for 90 days of access.
Drawbacks
- Hardly any attention is paid to long-term trend trading tactics.
- Unsuitable for investors with such a low level of risk tolerance.
- Expensive in comparison to books or websites/blogs that are free.
Pricing
- Starter: $997 gets you access to the first course; after that, it's $197 every month.
- Access to the Trading Simulator is offered for an extra charge.
- You are always free to end your subscription.
Conclusion
This Tradervue alternative is robust, dependable, and reasonably priced, providing you with the information, assets, and community you will need to enhance your success rate.
