MyFXJournal vs Edgewonk

Edgewonk and MyFXJournal are built around different trading habits.

Edgewonk is a desktop-based trade journal with deep analytics, manual trade tagging, and a strong emphasis on process discipline. MyFXJournal is web-based, MT5-connected, and focused on a weekly AI review that reads patterns in your trade history without requiring manual journaling effort. The difference is mostly about what kind of work you want to do.

Honest comparison Different workflows Free to try

Premium workflow trial

No credit card

Try premium workflow features for 14 days.

Core journaling stays free. MT5 sync, review follow-ups, and advanced replay access are waitlist-first after the trial.

Pricing & waitlist

Start Free See Product Proof

Why this matters

What separates them

Edgewonk's strength is in its deep manual discipline model: every trade gets tagged, scored, and reviewed against your own rules. For traders who want to build that kind of systematic process, it is genuinely powerful. MyFXJournal takes the opposite stance: the review should run automatically on your trade data so the habit is frictionless, and the AI should do the pattern detection so you don't have to self-identify your mistakes in the moment.

If you want a deeply manual journaling workflow with your own scoring system and trade categories, Edgewonk is more flexible for that.
If you want the weekly review to happen automatically and the pattern detection to work without tagging, MyFXJournal is built around that workflow.
Edgewonk is a one-time purchase (~$169). MyFXJournal is free during beta; Trader tier launches at $14/month.

What it removes

Less admin. More clarity.

Manual discipline vs automatic review

Edgewonk works if you commit to the tagging and scoring process. MyFXJournal's value comes from having no process to maintain — the review runs on your raw trade data.

Desktop vs web

Edgewonk is a downloaded desktop app. MyFXJournal is web-based and syncs with MT5 automatically — no exports, no local file management.

Coaching style

Edgewonk surfaces your own rules and lets you score against them. MyFXJournal's review identifies patterns you may not have named or noticed yet.

How it works

Both are useful. The question is what habit you want to build.

Import your trade history

Both products support trade imports. Edgewonk uses its own import flow; MyFXJournal supports MT5 XLSX, CSV, and read-only MT5 sync.

Review and reflect

Edgewonk shows your custom scoring dashboard. MyFXJournal shows a weekly coaching review — one main insight, cited trades, one suggested experiment.

Build the habit

Both products are only useful if you return to them. The difference is how much setup you need to do to get value from each visit.

FAQ

The quick answers.

Is Edgewonk worth the one-time price?

For traders who want to build a deep manual journaling discipline and are willing to do the tagging work consistently, yes. If manual process maintenance is what caused you to stop journaling in the past, probably not.

Does MyFXJournal require manual tagging?

No. Behavioral patterns — revenge entries, exit habits, session mismatches — are detected automatically from the trade sequence. You don't tag anything.

Can I use both?

Yes. Some traders use Edgewonk for deep manual scoring and MyFXJournal for the automatic weekly review. They solve different parts of the problem.

MyFXJournal right now

Try the frictionless approach.

Free during beta. No credit card. Import your trades and get a weekly review — no tagging, no scoring, no setup discipline required.

Start Free See Product Proof