jFox Trading Journal

Trading on the currency market requires more than solid financial knowledge and no investor can make a profit without having the proper tools at hand to conduct thorough analysis on price evolution and predictions.

jFox Trading Journal is a tool that can assist currency traders in keeping track of their transactions and analyzing the market trends in order to identify investment opportunities.

The application comes includes various currency pairs, but you can easily add more to the list. It can prove useful for managing the investment budget, storing data regarding all transactions, as well as generating statistical data on the account balance and the risk-reward rate.

Adding a new transaction to the list is a matter of a few clicks to input the requested information. You must configure the currency pair, the trading position (long or short), the entry and the exit prices, the stop-loss value, the 'per pip' value, open and close times, traget and used strategy and the time frame.

Optionally, you can enter comments and market fees for each transaction. The stored data can be backed up to your computer for safe keeping and restored at a later time.

jFox Trading Journal displays statistics on the number of transactions, profit or loss, the most profitable trade, the number of gained or lost pips, the most traded symbol, the total amount of paid fees and so on. It automatically generates conclusive graphs representing the account balance evolution and the risk-reward rate.

The application comes with a built-in note creator, as well as a tool that compares your EST time with the market hours in different financial centers around the world. jFox Trading Journal cannot replace a professional market analysis application and it is of no use to those who don't have a minimum of knowledge regarding currency trading. Its feature set makes is a handy application for advanced traders or finance students who want to learn more about the currency market.