what is the meaning of watchlist on my forex app?

A watchlist is a list of your favorite instruments which you trade often (such as currency pairs, indices, commodities etc.) .

On your forex trading app you can create your own custom watchlist by adding or removing instruments of choice.

The importance of a watchlist is that you can easily check the price of an instrument without having to close your current activity page, which helps for multi-tasking.

A watchlist is a custom list where you save the currency pairs, metals, indices, or crypto you want to monitor.

Example:

If you add XAUUSD, EURUSD, and US30 to your watchlist, your app will show them in one place so you can track them quickly.

Watchlist is for easy accessibility to information on your favorite instruments. The broker lets you place those instruments together inside a dialogue box that shows beside your chart so you can keep monitoring their prices without having to close your current chart.

Why a Watchlist Is Useful

It helps you:

See your favorite pairs instantly

Avoid scrolling through hundreds of instruments

Track price movements faster

Stay organized as a trader