EdgeWonk Review: Edgewonk’s Tools, Tips, and Secrets
This EdgeWonk review dives into how this company analyzes your trading habits, refines your strategies, and more. Explore its features, understand the cost breakdown, and much more than that! Boost your trading insights with the Edgewonk trading journal, the game-changer for every trader!
|Name||EdgeWonk, Quantum Trade Solutions GmbH|
|Type of company||Trading Education|
|Regulation status||Unregulated/Not expected|
|Warnings from Financial Regulators||No official warnings|
|Registered in||43 Jahnstrasse, Offenbach, Germany|
|Contact info||Data is hidden|
|Trading platforms||MetaTrader 4, MetaTrader 5, MotiveWave, NinjaTrader 7, NinjaTrader 8, etc.|
|Majority of clients are from||United States, United Kingdom, Australia, Germany, India|
|Customer support||Zendesk contact form|
EdgeWonk is a digital mentor made by Quantum Trade Solution. This one analyzes your trading habits to refine your strategies and boost your expertise.
This company works by importing data from various trading platforms. Some of these are CTrader, Interactive Brokers, MetaTrader 4, NinjaTrader 7 and 8, Saxobank, and more. Once your data is loaded, Edgewonk takes the reins. They carefully analyze your trading behavior to provide a broad analysis. We must agree that this sounds great for all future traders!
Tip: Did you know that with Edgewonk 2.0, your trading data is stored locally on your PC? It’s quite interesting!
EdgeWonk Price Structure
It’s time that we discuss costs here. With the release of EdgeWonk 3.0 in March 2021, EdgeWonk has transformed into an online trading journal accessible from any device.
The annual subscription, priced at $169, provides unlimited access to the platform’s robust features. And for those seeking a deal, their exclusive promo code shaves $10 off the regular price. This makes it an even more enticing proposition we must say.
Edgewonk Options and Features
Now, let’s dive into the features that set the Edgewonk app apart in the world of trading analysis.
After uploading your trade data, Edgewonk’s analytical prowess takes center stage. It analyzes your trades and offers insights to improve your strategy.
From optimal entry and exit timings to suggesting the types of orders to use and where to position stop orders, this firm aims to boost your success rate. This truly looks like a game-changer!
Note: CTRL FX is a shady broker that does not have a license and is only after your funds. Try to avoid it.
Another key aspect of our EdgeWonk review is to talk about the trade simulator feature. This tool proves invaluable for backtesting purposes. Input a statistically significant sample of trades, and you can run simulated portfolios.
This allows you to measure potential outcomes based on specific signals, timeframes, and more. Testing your strategy in diverse scenarios equips you with smart insights. And, you need these to withstand market shocks and adapt to various conditions. Keep this in mind.
Macro Patterns and Psychological Insights
What truly sets Edge Wonk apart is its Advanced Trade Data tab and the classifiers. As you input your trade info, the system scans for macro events and patterns surrounding each trade. This includes crucial factors like speeches by influential figures, corporate earnings, global trade wars, and more.
Among these features, psychological classifiers take center stage. By using data about your emotional state during trades, this firm aims to find patterns related to your decision-making process. What if you’re tired or even missed your morning coffee? All these factors can impact your trading decisions.
This company truly helps you boost your overall trading insights!
Client Insights Into the Performance
Let’s talk about what traders are saying! Edgewonk’s got a solid 4.3-star rating on Trustpilot. That’s rather good! The reviews there spill the beans on how effective and satisfying this platform is. Now, we’re not saying a 4.3-star rating isn’t nice.
Still, savvy traders often lean towards tools and brokers with 4.5 stars and above for extra safety.
Tip: European investment company EXT LTD is located in Cyprus and is subject to CySEC regulations. You can check this company out, as it has a solid background!
Choosing the Right Trading Platform
If you’re serious about getting good at trading, a reliable trading education platform is key. These platforms provide everything you need to make smart decisions and increase your earnings. Here’s why they matter:
- Expertise: Quality platforms are run by pro investors who know the ins and outs of trading. They share tips to help you become a better trader.
- Community: Many platforms have a community of traders sharing stories and insights. This is especially valuable for beginners starting out.
- Tools: Good platforms offer the tools you need to understand the market and make educated choices. This includes charts, graphs, and other data tools.
When choosing a trading education platform, keep these tips in mind:
- Research: Look at reviews and information about different platforms before making a decision.
- Cost: Make sure the platform fits your budget.
- Features: Choose a platform that provides what you need, whether it’s access to experienced traders, reliable data tools, etc.
- Ease of Use: Keep it simple, especially if you’re new to trading.
All in all, a good trading platform is essential for success in the trading world. Choose the right one, make use of what it offers, and you’ll be making smart moves in no time.
Earning Opportunities in Trading
Ready to dive into the money-making side of online trading? Don’t worry, we’re here to help! Think free consultations, expert advice on top trading platforms, and our rockstar AI Analysis Bot. This bot offers savvy predictions that are quite impressive and accurate.
What’s even better? Test-drive the AI Analysis Bot for a full 20 days without dropping a dime upfront. You will get valuable FX and stock analysis reports each month. No strings attached, just pure profit-boosting excellence. So, why not spice up your trading game with our AI Analysis Bot today?
Final Thoughts on Edgewonk
As we wrap up this review, remember that the trading world is like a rollercoaster. It’s fast, thrilling, and sometimes a bit intimidating. Yes, this company does have a good Trustpilot rating and even better features. Still, our AI Analysis Bot has more things to offer! It offers trading predictions and analysis that’ll make you the star of the trading show.
So, remember that your trading journey has options. Make it count, and may your trades be as smooth as your morning coffee.
Who Owns Edgewonk?
It was founded by professional traders Moritz Czubatinski and Rolf Schlotmann in 2014.
What is the Expectancy of Edgewonk?
Expectancy is a metric, and it tells us how much, on average, each trade is worth.
Is Edgewonk Worth It?
This is subjective and depends on individual needs and preferences.