How do you build and maintain a watchlist?
The watchlist is where the market gets filtered down to tradeable. Build it wrong and you scan everything; maintain it wrong and it goes stale. The process is as much about exclusion as inclusion.
What's your method?
- the criteria for a pair to make the list
- how often you review the list
- how the list shapes your session
The major pairs guide and correlation guide inform the selection.
Background: Major, minor and exotic currency pairs explained
How to read a currency quote, which pairs count as majors, crosses and exotics, and why spreads and risks differ so much between them.
What are the seven major currency pairs?
EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF and NZD/USD.
What is a cross currency pair?
A pair of major currencies that doesn't include the US dollar, such as EUR/GBP or GBP/JPY.
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