My 2007 ford edge abs and traction light is on

Sounds like the brakeswitch you are pressing by hand is not in the proper position. What often happens is your feet knock off the switch and the safety setup locks the gearshift because you are suppose to have your foot on the brake before you can shift out of gear. Can not comment on traction light.

First you need to have EBCM - electronic brake control module check for DTC'S - diagnostic trouble code's . If the light is on there is a code stored . I think most part stores can do this and for free . After you find out what code is stored , looking up that code in service repair information for diagnostic trouble shooting chart would be next step . There are a few codes too.
DTC C0035 or C0040
DTC C0045 or C0050
DTC C0110
DTC C0131
DTC C0161
DTC C0186
DTC C0196
DTC C0201
DTC C0240
DTC C0241 or P0856
DTC C0244 or P1689
DTC C0245
DTC C0283
DTC C0287
DTC C0290 or C0292
DTC C0455
DTC C0550
DTC C0558

Find the code do the diagnostic's , fix the problem , wiring issue's , a sensor , bad module ,what ever it is . The light will go out then . Here is a sample of code discription .
• DTC C0035 Left Front Wheel Speed Sensor Circuit
• DTC C0040 Right Front Wheel Speed Sensor Circuit

Did you have the codes erased after repairs were made ?

sounds like you have a wheel sensor problem that you will have to check for codes in the system then go from there.

the most likely cause is a faulty wheel speed sensor,
there are four,one on each wheel.
you will need to plug in a diagnostic tool to determine which one.

Have Wheel Speed Sensors checked

chek the brake fliud level. if low light will set light and abs wont work.

it sound like a ABS-sensor is sticking are its bad give these websites a try www.alldatadiy.com and www.autozone.com if all fails stop by your local library and get your hands on a Haynes auto repair manual for your car wish you the best of luck Michigan Man.

You most likely disconnected the wireing harness. Check the plugs at the brakes.

We were having this problem...have your wheel bearing checked out. There was a sensor in the drivers side wheel bearing...once we replaced it (because it was going out) the ABS and Traction Control warning lights stopped coming on.