These days, active traders have a wide variety of trade analyzer software available at their fingertips. The available features vary from platform to platform: whereas some only offer a trading journal, others offer more complex tracking & charting software for traders.
Although this type of service is especially useful for active traders (such as a day trader), long-term investors can utilize it as well. After all, it’s hard to optimize your trading strategy if you haven’t taken the time to analyze it!
Whether you’re looking to identify your profit factor, track your trade history, or simply analyze your trading performance, Trademetria is one of the tools you can use.
Is it the only tool you should use? Let’s find out!
Trademetria is best for…
The non-professional trader who wants to track their trades per month (along with other key metric data).
Offering an all-in-one trading journal, customizable charts, support for multiple asset types, and a portfolio tracker, Trademetria is a user friendly option that is perfect for the average investor.
However, the software may be a bit lacking for trading firms hoping to automate their trading business. While the “Pro” plan does allow for unlimited trade imports, none of the plans allow you to completely automate the import process.
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Pricing and Plans
One of the unique things about Trademetria is that the free plan actually provides the majority of features that subscribers would be interested in. This makes it instantly appealing to thousands of traders, particularly those who don’t want to spend extra on trade journal software.
The free subscription won’t cost you anything, but it does impose a few limitations. Since there are more features than limitations, we’ll begin by discussing the features you can’t use with a free account.
Free accounts only support a single account, have access to three delayed quotes per month, and are limited to three order imports per month. You’ll only be able to import data from a single trading platform, making this plan essentially useless if you practice trading strategies across multiple brokerages.
Despite these few limitations, the free plan does offer quite a few trade tracking & risk analysis features. For starters, it supports all of the asset types that can be tracked on the website (stocks, options, futures, equities, forex, CFDs, and cryptocurrency).
It also provides an individual journal for taking notes about your trading strategies, historical performance, key metrics, an analytics dashboard, and portfolio tracking, among other useful features.
The Basic plan—which costs $29.95 per month—still only allows you to track a single account, but it raises your order import limit to 100 per month and offers unlimited delayed quotes.
It includes all of the features from the free plan but unlocks nine more advanced features. You’ll receive access to Api functionality, the Pnl simulator, watch lists, instrument rankings, strategy rankings, and fundamental research when subscribed to the Basic plan.
Additionally, you’ll also be able to use the “Distribution by Time” feature, the “Distribution by Market Condition” function, and export your trades from the platform.
The Pro plan doesn’t unlock any new features, despite costing $39.95 per month. However, it does remove the limitations on the number of order imports and delayed quotes you can use monthly.
The biggest benefit of subscribing to the Pro plan is that it allows you to track up to fifty accounts using your account. This is extremely useful for day and swing traders, who can track individual trades from multiple brokerages using a single interface.
Note: None of these plans support automatic trade imports. You will need to manually import your trade history. If you don’t have any experience with uploading trades, we recommend learning how to while using a free plan before switching to a paid plan.
Even a basic text editing app will allow you to create journal entries, but Trademetria has so much more to offer when it comes to tracking your trade history. While most of what we’ve seen of the platform has been positive, it does have a few shortcomings.
Here are our key takeaways from the platform.
- Provides an all-in-one trading journal, tracker, and analyzing solution
- Supports a wide variety of asset types including stocks, Forex, equities, options, futures, cryptocurrencies, and CFDs
- Affordable pricing across all plans
- Support up to 50 accounts (Pro plan only)
- Grants users unlimited trade imports (Pro plan only)
- Trading history isn’t imported automatically
- Free & basic plans can only track one account
- Doesn’t offer a mobile app
Is Trademetria Right for You?
Trademetria is an excellent platform for beginner and experienced traders alike. It offers a wide range of trade tracking features for free, making the service accessible to everyone (regardless of their budget).
That said, many online trading journals offer automated trade history imports. Trademetria does not, and that’s our biggest complaint with this platform. We wouldn’t consider this limitation an issue on the free plan, but we think it should be included on the premium plans.
Still, the free version of Trademetria has a lot to offer (and the Pro version enables experienced traders to track up to 50 accounts concurrently!). If you’re interested in giving this unique trading journal software a try, click here to claim an exclusive free trial offer!
Get Started with Trademetria