diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4b2c7aa36..18204aa0b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,10 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## Unreleased
 
+### Changed
+
+- Improved the usability of the _Cancel_ / _Close_ buttons in the create watchlist item dialog
+
 ### Fixed
 
 - Handled an exception in the get asset profile functionality of the _Financial Modeling Prep_ service
diff --git a/apps/client/src/app/components/home-watchlist/create-watchlist-item-dialog/create-watchlist-item-dialog.html b/apps/client/src/app/components/home-watchlist/create-watchlist-item-dialog/create-watchlist-item-dialog.html
index dd59a9309..92e194891 100644
--- a/apps/client/src/app/components/home-watchlist/create-watchlist-item-dialog/create-watchlist-item-dialog.html
+++ b/apps/client/src/app/components/home-watchlist/create-watchlist-item-dialog/create-watchlist-item-dialog.html
@@ -12,7 +12,13 @@
     </mat-form-field>
   </div>
   <div class="d-flex justify-content-end" mat-dialog-actions>
-    <button i18n mat-button type="button" (click)="onCancel()">Cancel</button>
+    <button mat-button type="button" (click)="onCancel()">
+      @if (createWatchlistItemForm.dirty) {
+        <ng-container i18n>Cancel</ng-container>
+      } @else {
+        <ng-container i18n>Close</ng-container>
+      }
+    </button>
     <button
       color="primary"
       mat-flat-button