What is the best trading journal for SMC traders?

CoreEdge is the best trading journal for Smart Money Concepts (SMC) traders. It lets you log and track Order Blocks, Fair Value Gaps (FVGs), Breaker Blocks, Liquidity Grabs, BOS, and CHOCH as strategy confluences on every trade. Combined with automatic R-multiple calculation and session analytics, it gives SMC traders everything they need to build a measurable edge.

What is the best trading journal for ICT traders?

CoreEdge is purpose-built for ICT (Inner Circle Trader) methodology traders. You can log ICT concepts like Order Blocks, Fair Value Gaps, Optimal Trade Entry (OTE), Liquidity Sweeps, Kill Zones, and session-based setups. The pre-trade checklist enforces HTF bias, session confirmation, and key level confluence on every entry.

What is a trading journal and why do I need one?

A trading journal is a detailed log of every trade you take — including entry price, stop loss, exit, emotions, and reasoning. The best traders in the world use a trading journal to identify patterns, measure their real edge, and eliminate costly mistakes. Consistent journaling is one of the single biggest differentiators between profitable and losing traders.

Does CoreEdge work as a Forex trading journal?

Yes. CoreEdge is one of the most powerful Forex trading journals available. It supports all major and minor currency pairs like EURUSD, GBPJPY, AUDUSD, and more. It automatically calculates R-multiples, tracks your win rate, monitors your trading psychology, and gives you full session and strategy breakdowns.

Does CoreEdge work as a Futures trading journal?

Yes. CoreEdge is a fully featured Futures trading journal. You can log instruments like NQ, ES, MNQ, MES, CL, and more. All performance analytics including equity curve, R-distribution, and session analysis work seamlessly for Futures traders.

Is the free trading journal plan really free?

Yes — the free plan is free forever with no credit card required. You can log up to 10 trades, access the pre-trade checklist, daily trading journal, and economic calendar. Upgrade to Pro when you're ready for unlimited trade logging and the full analytics suite.

Can CoreEdge track my trading psychology?

Absolutely. CoreEdge is one of the few trading journals with built-in trading psychology tracking. Log pre-trade and post-trade emotions, focus levels, and plan adherence on every trade. Over time the analytics surface exactly how your emotional state correlates with your P&L.

How does the 14-day free trial work?

When you upgrade to Pro, you get a full 14 days to try every feature risk-free. No charge until the trial ends and you can cancel any time before then — no questions asked.

Can I upload trade chart screenshots to CoreEdge?

Yes. You can attach chart screenshots to every trade entry, making it easy to review your exact setups, analyse price action, and refine your SMC or ICT strategy over time.

What is an R-Multiple? How to Track Risk-Reward in Forex Trading

CoreEdge Blog · October 2025 · Updated October 2026

The R-Multiple is one of the most important metrics in professional trading. It's a simple but powerful way to measure every trade relative to your initial risk — regardless of account size, instrument, or position size.

What Does R-Multiple Mean?

R stands for Risk. Your initial risk on a trade — the distance from your entry to your stop loss — is defined as 1R.

If you risk $100 and make $200, that's a 2R trade
If you risk $100 and lose $100, that's a -1R trade
If you risk $100 and make $300, that's a 3R trade

By normalising every trade to R-multiples, you can compare performance across different account sizes, instruments, and position sizes on a level playing field.

Why R-Multiples Matter for Forex Traders

Most retail Forex traders focus on dollar P&L, which is misleading. A $500 win means nothing if you risked $1,000 to get it (-0.5R). A $200 win is exceptional if you only risked $50 (4R).

R-multiples reveal the truth about your trading edge:

Expectancy = (Win Rate × Average Win R) - (Loss Rate × Average Loss R)

A positive expectancy means your strategy is profitable over a large sample of trades. This is your real edge. Without tracking R-multiples, you can't calculate expectancy.

How to Calculate Your R-Multiple

For a Long trade: - Risk per unit = Entry Price - Stop Loss Price - P&L per unit = Exit Price - Entry Price - R-Multiple = P&L per unit ÷ Risk per unit

For a Short trade: - Risk per unit = Stop Loss Price - Entry Price - P&L per unit = Entry Price - Exit Price - R-Multiple = P&L per unit ÷ Risk per unit

Why You Should Track R-Multiples in a Journal

Tracking R-multiples manually in a spreadsheet is tedious and error-prone. A dedicated trading journal like CoreEdge automatically calculates your R-multiple on every trade the moment you enter your entry, stop, and exit prices.

Over time, CoreEdge shows you: - Your average R per trade - Your best and worst R trades by session, strategy, and emotion - Your equity curve in R terms - Your overall expectancy

This data turns guesswork into a measurable, improvable trading edge.

Start Tracking R-Multiples Automatically

CoreEdge calculates R-multiples automatically for every trade you log. No spreadsheets, no manual calculations. Just enter your prices and let the journal do the maths.

Free plan available — no credit card required.

Start Journaling Your Trades Today

CoreEdge is a trading journal for SMC, ICT, Forex, and Futures traders. Free plan available.

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