How To Create a Watchlist on cTrader

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Video Transcription:

Hello Traders, welcome to the cTrader tutorial and first module, Introduction to the cTrader platform. In this lesson we’re going to teach you how to create a watch list and how to use the watch list tab on the left side panel of your cTrader platform. You can see you right here on the left side panel that we have symbols, we have watch list and cBots. Right now we are going to focus on watch list and as you can see, I have no symbols added on this watch list just yet. Now what we’re going to do first of all, I’m going to teach you how to add a symbol and how to eliminate the symbol from the watch list. To add a symbol to the watch list just click on the star and it will add it immediately to the watch list. As you can see I have WTI which is the CFD for crude oil on my watch list.

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If I want to delete it from my watch list or remove it from my watch list, just click on the star again and it will remove it from my watch list. Now I’m going to add again WTI to my watch list because I want you to…well I want to show you something. As you can see here on the symbols list we only have the best bid and the best ask for each and every single one of the symbols and each and every single one of them instruments that you can trade on the platform. But if you go to the watch list, you’re going to have the best bid and the best ask at the moment and you are going to have the percentage change or the daily percent change of each instrument as well as a change in points or pips. Now this is a very good and helpful tool because, well if you monitor numerous markets you are going to have an easy way to have a fast look on what’s going on right now and how each and every single one of the instruments are performing each day.

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Now I’m going to delete again WTI from the symbols list because I want you to… well I’m going to show you how I use the watch list or the watch list timer, I’m sorry. I’m going to go to another layout and for example, I have chosen to trade these instruments on a daily basis. I have WTI, I have the FTSE, USD-Swiss Franc, I have the EUR/USD, the USD/JPY, I have gold, and the New Zealand Dollar and the EUR/GBP. And these are the currency pairs and the commodities that I trade the most every day. So what I do is I go to the EUR/USD and I add it to my watch list. I go to the USD/JPY and I’m going to add it to my watch list. I’m going to add to my watch list the EUR/GBP, well maybe not the EUR/GBP because that is, even though I have it here on my charts, I don’t trade it as much as I trade gold for example.

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So I’m going to go to Metals and I’m going to add gold to my watch list and I’m going to also add WTI. And I’m going to add the FTSE which is in indices and it’s right here. Now if I go to my watch list, this is how it looks. I have EUR/USD, the USD/JPY, gold, WTI, etc. This is a pretty easy way to see how all of these instruments are performing, but I also use the watch list because I like to have the Market Watch open for each and every single one of these instruments. And the reason I watch, I like to have the Market Watch open for every one of these instruments is because when I’m doing my technical analysis I like to go rapidly and buy or sell the pre-determined quantity or volume that I normally sell.

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For example right here, let’s say I want to buy gold because my analysis said that Gold just broke with this level of resistance. Of course this is just a demonstration on how I use the watch list. This is by no means a lesson on how to trade gold. So I go and rapidly…well I also have my quick trade mode on and I just buy it. Now I have…I’m long gold as well WTI, and short the FTSE. This is basically how I use my watch list of course and instead of looking at, well the symbols on the symbols list, I have it on my watch list and of course I could always use the chart trader but it’s easier to use the market watch for each instrument on my watch list.

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