Forex glossary

Over-the-counter in Forex

A clear definition of Over-the-counter, with practical context for reading markets and making better trading decisions.

Level 1 · Understand the MarketForex basics

Definition

Trading conducted through a network of counterparties rather than on one centralized exchange. The short name is OTC.

Banks and liquidity providers quote currencies electronically to one another.

Understanding Over-the-counter helps traders interpret market information, plan decisions, and manage risk with more context.

Continue learning

Explore structured lessons and practical tools when you are ready to go further.

Use Piplix definitions as a quick reference for the language of currency markets, then connect each concept to a structured lesson.

Put the terminology to work with pip, position-size, gain-and-loss, market-hours, and pivot-point tools.

Follow the learning path from market basics to chart reading, execution, risk, and psychology.