Do you use a watchlist, or trade whatever's moving?

A watchlist is a short list of instruments you know and follow daily. Without one, beginners tend to scan the whole market and trade whatever moved most recently — usually right before it reverses.

Do you use a watchlist, or trade whatever's moving? — trading sessions clock diagram
The four forex trading sessions across a 24-hour day

Share:

  • how many pairs or markets are on your watchlist
  • how you decided what belongs on it
  • what you do when nothing on your list is doing anything
Do you use a watchlist, or trade whatever's moving? — risk-reward diagram
A risk-reward ratio of 1 to 2

The discipline side overlaps with overtrading, and the pair choice side with majors, minors and exotics.

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