Edgewonk

Portfolio Manager — Paid

Trading journal focused on behavior analysis, trade optimization and simulation

Trade Management Optimizer models alternative stops and targets

Overview

Edgewonk is a trading journal and portfolio manager built in Germany for intermediate forex, futures, stock, and CFD traders who want to understand their own behavior, not just their P&L. This Edgewonk review covers what its behavioral tools add over a basic spreadsheet and where the product asks for commitment up front. It leans into behavioral analysis rather than raw statistics.

The Trade Management Optimizer is the standout: it models what would have happened with different stops and targets on trades you already took, showing whether your exits are actually costing you money. A performance simulator projects results forward from your current stats, and MFE and MAE reports show how far a trade ran before it reversed, both useful for tightening a process instead of guessing. Custom tagging lets traders label emotional states and setup types, then filter results by them, and traders can log missed trades and track plan adherence too. At $12.32/mo billed annually, that feature set is inexpensive, and it's backed by a 4.7 Trustpilot score.

There's no free plan, so you're committing to a year up front without a way to sample the journal for free first. It's also desktop only, with no mobile app, so logging trades or reviewing stats away from your main computer isn't an option. Combined, those two limits make Edgewonk a considered purchase rather than an impulse download.

Coverage spans US and global markets, aimed at day traders and swing traders who already generate enough trade history to make behavioral analysis worthwhile, with semi-automated features but no API access for connecting to other platforms. Intermediate traders who want to fix leaks in their process, not just track them, are the right fit. Brand-new traders without a trade history yet, or anyone who needs a mobile-first tool or a free plan before paying, should hold off.

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