Trading in the over-the-counter forex market can be very exciting but also potentially risky, so it is important that you know what you are getting into before you commit any of your personal capital to your live trading account.

The term OTC in regards to a financial market means that it differs from most stock and commodity markets because it is not exchange-based but rather it is an ad-hoc collection of different financial institutions connected by large computer networks. This industry still has less official regulation than something like the stock market, but it is relatively safe to trade with a broker that is registered with official government regulatory bodies such as the NFA and CFTC.