Edgewonk Review 2023

Jeremy Biberdorf By: Jeremy Biberdorf Dec 21, 2022
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Edgewonk Logo

4.5/5

4.5 rating based on 5 ratings

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In a nutshell: Edgewonk is a comprehensive trading software that helps active swing traders, day traders, and professional traders analyze and improve their trading performance. With its advanced features and customizable statistics, Edgewonk enables traders to identify and address areas of weakness in their trading strategies and behavior.

The software includes a customizable trading journal, trade simulator, and equity graph, allowing traders to track their progress and measure their success over different time frames. Edgewonk also offers a range of tools for analyzing and optimizing trading performance, including a comprehensive trading plan builder and trade planning calendar.

FeesFavorite Feature
$169/yrTrade simulator
Pros & Cons
Pros
  • Fully customizable
  • Extensive features
  • Flat fee
Cons
  • Complex
  • No free trial

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Service TypeOnline trading journal

Edgewonk History

Edgewonk was founded in 2014 by professional trader, Moritz Czubatinski. After years of trading experience, Czubatinski saw the need for a comprehensive trading journal that could help traders track their progress, identify weaknesses, and improve their performance. He developed Edgewonk as a solution to this problem, and the software has since gained a loyal following among traders worldwide.

Over the years, Edgewonk has continued to evolve and improve, with regular updates and new features being added to the software. Today, it is widely recognized as a top-rated trading journal and performance analysis tool, with a growing community of users and positive reviews from industry experts.

Membership Options

Edgewonk offers one membership option to access all of their features for only $169/yr. The membership includes access to the trading journal, trade simulator, and equity graph, as well as a range of custom statistics and tools for analyzing performance.

  • Pro plan ($169/yr)

Edgewonk Features

Edgewonk offers a wide range of features for analyzing and improving trading performance. Some of the standout features include:

  • Customizable trading journal: The trading journal is a key feature of Edgewonk, allowing traders to track their trades, analyze their performance, and identify areas for improvement. The journal can be customized to track specific metrics and time frames, and it includes a range of tools for analyzing trade data and performance.
  • Trade simulator: The trade simulator is a valuable tool for testing out different trading strategies and assessing their potential success. It allows traders to practice their trades in a simulated environment, using real market data, without risking any actual capital.
  • Equity graph: The equity graph is a visual representation of a trader’s performance over time, showing the ups and downs of their account balance. It is a useful tool for tracking progress and identifying trends in a trader’s performance.
  • Trade planner: The trade planner is a tool for creating and managing a comprehensive trading plan. It includes a calendar for scheduling trades and a range of tools for setting goals, managing risk, and optimizing performance.
  • Custom statistics: Edgewonk offers a range of custom statistics for analyzing trading behavior and performance. These statistics can help traders understand their strengths and weaknesses and identify areas for improvement.
  • Professional support: Edgewonk offers additional support and resources to help them improve their performance. This includes access to professional traders and experts, as well as advanced training and educational materials.

Pros

There are many benefits to using Edgewonk for your trading needs. One of the main advantages is the ability to create a customized trading plan. With Edgewonk, traders can set specific goals and develop a detailed plan for achieving them. This includes setting risk management guidelines, identifying key performance metrics, and defining the time frames and market conditions in which the plan will be implemented.

Another benefit of Edgewonk is its extensive range of features for analyzing and improving trading performance. Whether you are a day trader, swing trader, or professional trader, Edgewonk has tools to help you understand your strengths and weaknesses and make informed decisions about your trades. For example, the software includes a range of custom statistics for analyzing trading behavior and performance, as well as a trade simulator for testing out different strategies in a simulated environment.

Cons

While Edgewonk has many positive features, it is not without its drawbacks. One potential disadvantage is the cost of the software. While the pricing is competitive compared to other trading software, it may not be within reach for all traders, particularly those who are just starting out in the market.

Another potential issue is the complexity of the software. While Edgewonk is designed to be user-friendly, it still requires a certain level of technical knowledge and experience to fully utilize its features. This may be a challenge for some traders who are not familiar with trading software or who prefer a more straightforward approach to their analysis.

Is Edgewonk Worth it?

Overall, Edgewonk is a powerful and comprehensive trading software that offers a range of tools and resources for analyzing and improving trading performance. While it may not be suitable for all traders, due to its cost and complexity, it is definitely worth considering for active swing traders, day traders, and professional traders who are looking to take their trading to the next level.

The software’s customizable trading journal, trade simulator, and equity graph are valuable tools for tracking progress and identifying areas for improvement. And its advanced features, such as the trade planner and custom statistics, can help traders optimize their performance and achieve their goals.

If you are serious about improving your trading performance, Edgewonk is definitely worth a closer look. So why not sign up and see for yourself how the software can help you achieve your trading goals?

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. Also check out his contributions to Equities.com and Benzinga.

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