Are you looking for a TraderSync review? TraderSync is the leading online trading journal platform that you can use to track your investing performance. So, what exactly is a trading journal? Well, consider it a companion tool for your daily trading activities. TraderSync records and keeps track of your trades and helps you to analyze your habits and ways to improve for the future. It can be extremely helpful, yet most of us have probably never even thought of using one!
The platform was launched in 2014 by a group of software programmers who had tried investing and failed. They realized they needed a tool to track their trades to see where they went wrong. Just like that, TraderSync was born, and in the seven years since its inception, the site has grown to be one of the most widely used investing tools on the market.
The trading journal is the heart and soul of TraderSync. And the main reason why most people sign up for its service. Record your trades by manually inputting them into the site. Or by connecting TraderSync directly with your online brokerage.
Once you’ve uploaded your trades, there is a TraderSync review of your trades by analyzing your setups and potential mistakes. Reviewing trades is one thing most of us need to get more involved in. What factors made us dive into a trade, and what were the results? TraderSync identifies these aspects and puts an unbiased spin on our investing hindsight.
Reviewing trades is surprisingly flexible and allows users to add notes, screenshots, images, and tags to the trading journal. The interface is intuitive and easy for people to pick up and learn.
A lot of thought was put into the user interface for TraderSync, as the site flows smoothly and in a logical order. It does not take much time for the user to realize how essential of a tool the trading journal is!
The TraderSync trading journal even helps you track commission and brokerage fees. I know many platforms have zero-commission trades these days, but for those that don’t, tracking fees are an excellent way to provide a more realistic picture of your portfolio.
I certainly need to learn to consider fees when calculating how profitable or unprofitable a trade is. It helps to deal with emotional trading when you write things down.
Reports
Another great feature of this TraderSync review is that it’ll provide regular reports based on the data you input into the site. TraderSync creates beautiful and easy-to-read reports meant to be informative and educational. Nobody likes to be told they are making errors. But TraderSync does this in a way that is meant to support the user so that they can work on correcting these in the future.
Now for the part I think is the coolest part of TraderSync’s platform. The site uses artificial intelligence to analyze those reports and provide constructive feedback. TraderSync’s A.I. can provide a specific analysis of your trading habits, including at what time of day you are more successful with your trades. The platform can also tell you which days of the week your trades improve and which stock price range you are most profitable in.
Charting
For those traders who follow technical analysis, TraderSync even allows you to chart your trading performance. Compare your entry and exit points with the stock’s actual performance and see how your timing and patience are compared to the rest of the market. You can even chart out your price targets and stop losses, which helps to provide a nice visual of how you approach a trade.
SERVICES |  |  |  |
|---|---|---|---|
| DESCRIPTION | Bullish Bears offer trade rooms in our Discord. Our chat rooms include penny stocks, large caps, options, and futures | We offer stock signals and trade alerts through our watch lists and Discord bots using Tradytics | Swing trade and day trade watch lists with hand-picked symbols that have the best chance of breakouts. These are stocks to watch |
| INCLUDED | Trading courses • Live streaming • Discord • Real Time Teaching • Scanners & Bots Trade Rooms | Watch lists • Symbols • Support and resistance levels • Discord bots and scanners Trade Alerts | Swing trade watchlist • Day trade watchlist • Alert levels mapped out • Watch lists updated daily Watch Lists |
Features
TraderSync has so many other features built into the site that sometimes you need to remember the main trading journal. The TraderSync Evaluator is a fun tool that lets you pull up your past trading strategies and compare how well they have done over time.
With the Evaluator, you can truly get an unbiased report of how your particular trading strategies are doing. Get as specific as asking about specific periods, stock prices, and technical setups. If you have a question about how your strategy is performing, the Evaluator can answer it.
TraderSync also has a Simulation feature where you can perform simulations of your historical trading patterns. Again, TraderSync allows you to set specific parameters for the Simulation and provides more insight into your trading behavior. Rather than risk your hard-earned money on trying some trades out, the Simulation can do this for you. This eliminates the risk of losing money while also providing valuable information on how to set up for future trades.
One of the best features of TraderSync is how much their site has become a community of traders. TraderSync allows you to create a public profile and share your trading activity and analysis with the community. You can even share specific reports, charts, or screenshots where you could receive more feedback from other users.
TraderSync Pricing Review
The price of these sites is always the main problem in whether or not to sign up for a subscription. TraderSync’s core offering is the trading journal. If you’re not interested in the A.I. reports, you probably think you can record your trades on your own. You could do that. However, I always find hopping back and forth between conversations confusing and counterproductive.
TraderSync has introduced a tiered freemium structure, where users can pay a set monthly amount based on usage. In the freemium structure, the very base level of the software is free. This base level allows you to enter your trades into the trading journal. Aside from that, TraderSync allows you to access some of the reports it produces, but not all of them.
The next pricing tier is the Pro level, which will cost you $29.99 monthly. The premium level is $49.99 per month, allowing you to use some of the abovementioned features. In this pricing level, users can use the Evaluator and Simulator features. The final price tier is the Elite level, which will run you $79.95 monthly. At the Elite level, you get full access to artificial intelligence analysis. This will help you form better trading habits.
TraderSync Pros and Cons
Pros
- Several different price tiers which offer something for everyone.
- A 7-day free trial allows you to try the site before committing to a subscription.
- Trading journal is easy to use and will help you correct your trading mistakes.
- A lot of other features will help improve your trading, including the Evaluator and Simulator.
- TraderSync utilizes artificial intelligence to analyze your data.
- Available as an app to download on both the Google Play Store and Apple App Store.
Cons
- To access the artificial intelligence reporting, subscribe to the Elite tier.
- Some people enjoy keeping track of their trades in a spreadsheet.
- A common complaint amongst users is that the site prioritizes higher-tiered subscribers in terms of customer service.
Is TraderSync for Everyone?
Actually, yes! No matter how experienced or inexperienced you are, we can all use helpful analysis of our trading habits. TraderSync provides some incredible features that’ll help you invest long-term.
For those who like to document their trades in a spreadsheet, I commend you. Will TraderSync analyze your behavior and allow you to upload a CSV file directly to the site? Data entry fans rejoice! TraderSync truly was created with the retail investor in mind!
Some people will refuse to pay a monthly subscription charge for TraderSync, and that’s fine. The money TraderSync will save you after analyzing your performance will easily cover the cost of your monthly fees. The best part is you can always sign up for TraderSync’s 7-day free trial, which will let you try the Elite level for a full week.
Final Thoughts: TraderSync Review
We hope you enjoyed this TraderSync review. TraderSync is an excellent experience and offers a unique and industry-leading investing tool. I cannot praise the platform’s interface enough, as it was user-friendly. Sometimes, these investing tools can overthink things and add too many bells and whistles.
But TraderSync does an excellent job. The only drawback is that you must sign up for the Elite tier to utilize the artificial intelligence reporting, the site’s best feature. However, it’s worth it. Other than that, any trader trying to improve their performance should look at TraderSync today!
Frequently Asked Questions
TraderSync is worth the money for active traders who want to track their trades and improve their performance. If you don't need to track your trades, then it might not be worth the investment.
TraderSync doesn't offer a free option with their platform. It is only a paid service. However, they offer a free trial on their Pro, Premium, and Elite plans.
TraderSync does work with the Webull platform. Traders can upload a CSV file of their trades from Webull.
TraderVue is the biggest competitor to TraderSync and is more popular overall. They offer solid analysis and reporting tools.
- Premium: $49.95 per month or $521 per year
- Elite: $79.95 per month or $834 per year
