TradingDiary Pro

The trading business involves many risks and a simple mistake may cost large sums of money. If you want to become a better trader, you need to calculate your decisions carefully. With TradingDiary Pro, you can review your trading habits, analyze your decision making pattern and much more. The program was developed by a team of experienced traders and it includes everything you need to keep track of your transactions, calculate new ones and develop your own trading strategy.

It takes several minutes to install TradingDiary Pro on a Windows powered computer, but the procedure does not involve complicated configurations. You can run the program on Windows XP, Vista, Windows 7, as well as various Server editions. Besides that, the system requirements should not present a challenge for any modern-day computer.

When you launch TradingDiary Pro for the first time, a wizard will help you make a series of initial settings. The software will connect to the Internet, so you may configure and use a Proxy server if you want to. You can also select a destination folder for your database, choose one of many import modules and select a quote plugin. The initial configurations wizard can be launched manually, at a later date, but you can also make these settings separately.

Information sections, like instruments, trades, positions, cash transactions, reports and others, are presented in a tree structure, on the left side of the interface. You can double click a listed section and open it on a new tab, on the right side of the window. Besides instruments, it is possible to open similar sections, for a watchlist and benchmarks.

To add a new instrument, you must type in its symbol in the appropriate input field. The corresponding ticker, currency and other details are filled in automatically. Trade entries can be added or modified on a separate window, on which you have to select an account, an instrument and a date and specify your values for price, commission, shares or contracts and other details. The conversion rate will be inserted automatically, depending on the selected instrument. Additionally, you may tick an option, on the same window, for risk calculations. Depending on your inserted values, the software will automatically fill in various input fields.

After inserting enough trading details in your database, you will be able to generate numerous reports. Performance statistics, equity history, risk analysis or gains and losses reports are just a few examples.