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.

How do you build and maintain a watchlist? — trading sessions clock diagram
The four forex trading sessions across a 24-hour day

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
How do you build and maintain a watchlist? — currency correlation diagram
Two currency pairs moving in and out of correlation

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.

Read the full guide

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