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What is Over The Counter (OTC) trading?

Over The Counter (OTC) is an alternative to a centralised exchange such as the New York Stock Exchange. Instead of going through the formal exchange, trades are done via a network of dealers or brokers on the open market.

Additional Information

Can I hold positions over the weekend and major holidays? What is the difference between a Long or Short position in Forex? How do I know when major economic news announcements are due?