Making a watch list

Why is it important

• Focused approach
• Over time you will develop a good understanding of how the price of each instrument moves
• Better risk management - easier to manage risk exposure
• Enable's you to identify potential trading opportunities in advance and flag them
• Set up technically analysed charts for each instrument
• Consistency

Without your watch-list:

• have a non-focused approach and random searching for opportunities.
• You may waste time and find it difficult to control risk (or see correlated instruments etc.)
• A trader doesn't build up a knowledge base of the price movement nuances of each instrument, the chart will not have been technically analysed before and marked up with key price levels etc.