What is 1 pip ( tick ) worth | Currency Futures

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What is 1 pip ( tick ) worth

  #7 (permalink)

Posts: 49 since Jul 2014
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Wikmar View Post
Let me try for if (all of) you agree:

pip = usual in FX.
tick = usual in futures, but it's correct if you use it in FX.

Pip is the 4th decimal place in most major pairs & 2nd for the Yen. Most brokers these days have 5 decimal places. 5th decimal place is the tick. Tick is the SMALLEST price move of any contract/security/etc, so it's 1/10th of a pip in FX. Half a pip exists (5 ticks), half a tick does not exist (at least it cannot be traded on the public exchange).

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