Cryptocurrency Q&A
How much is 1 tick in pips?
How much is 1 tick in pips?
henry_harrison_philosopher
Wed Nov 20 2024
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6
answers
1264
I'm trying to understand the concept of 'tick' in trading, specifically how it relates to 'pips'. I want to know the value of 1 tick in terms of pips. Can someone explain this to me?
6 answers
BlockchainWizard
Fri Nov 22 2024
The two terms in question exhibit a high degree of similarity.
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Dario
Fri Nov 22 2024
The choice between them often hinges on the specific financial asset being referenced.
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Isabella
Fri Nov 22 2024
Brokers, in their offerings, may utilize one term over the other based on industry practice or personal preference.
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QuasarStorm
Thu Nov 21 2024
An interesting exception arises when brokers provide currency pairs with an extended decimal place count.
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Valentina
Thu Nov 21 2024
Darwinex, for instance, offers currency pairs with 5 decimal places (or 3 for JPY pairs).
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