OTC trading is translated to trading over-the-counter. Traditionally, it meant trading in the markets where it was possible to sell or buy the shares of the firms that had controversial fame or did not publish their profits. But recently, OTC trading has expanded significantly. For example, a new blockchain type has emerged. Moreover, it becomes feasible to trade classic instruments as OTC.
Introduction to OTC trading
The market where you can trade over-the-counter is a decentralised system of the institutions such as traders, brokers, liquidity providers or market makers that opens the transactions constantly including during weekends.
There are fewer participants in the OTC markets so the prices are more dynamic. They can be different in comparison to market prices.
Trading OTC is buying and selling the assets beyond usual platforms and trading hours.
OTC assets available on the Olymp Trade platform
To see what assets are available for trading over-the-counter on the Olymp Trade platform go to the Fixed Time tab and simply choose OTC. The list of the instruments offered will be displayed.
Olymp Trade provides 8 OTC assets. These are GBPUSD, AUDUSD, EURUSD, USDCAD, USDCHF, NZDUSD, Gold and USDJPY. They are available for Fixed Time Trades.
You will see the rate of a return next to each asset. If you wish to get more information about one type of instrument, click the information icon on the right side.
Usually, you can trade on forex from 21:00 UTC Sunday until 21:00 UTC Friday constantly. OTC assets can be traded during the weekends. The session begins immediately when the main session closes which is at 21:00 UTC Friday. It remains open for 48 hours.
To check the precise schedule for the time zone you are trading from, read the specific information about a particular asset.
Remember, you can trade cryptocurrencies during weekends on the Olymp Trade platform as well. Just make sure you do not trade all the time. Trading is a business that requires a lot of attention from you. It is wise to take a break from time to time. It will give you a necessary perspective and you will come back to the trading session with a calm mind.
Olymp Trade platform offers its customers the unique possibility to trade 7 days a week without interruption. The main session begins in the late Sunday hours and ends on Friday. But you can still trade cryptocurrencies and OTC assets on the weekends.
There are 8 instruments available at Olymp Trade for over-the-counter trading. They can be found in the Fixed Time Trades mode.
Stay focus while trading but do not forget about rest. Take regular breaks to avoid emotional trading.
Use the Olymp Trade demo account wisely. You can always come back there when there is a new asset or a strategy you would like to try.
Do you have any experience in OTC trading? Any thoughts on the topic you would like to share? Below, you will find the comments section which is a perfect place to do that.
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