Cryptocurrency Q&A
What is the difference between a tick and a pip?
What is the difference between a tick and a pip?
DongdaemunTrendsetterStyle
Tue Dec 24 2024
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answers
811
I'm trying to understand the financial trading terms. Specifically, I want to know the difference between a tick and a pip. Can someone explain the distinction between these two concepts?
5 answers
GinsengBoostPower
Thu Dec 26 2024
A pip, which stands for "percentage in point," is a term widely used in the financial markets.
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Valentina
Thu Dec 26 2024
It commonly signifies the fourth decimal place in the price quotation of a currency pair.
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Martina
Wed Dec 25 2024
However, there are exceptions to this rule. For instance, in currency pairs involving the Japanese yen, a pip represents the second decimal place.
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CryptoNinja
Wed Dec 25 2024
Meanwhile, a tick serves as a different measurement in financial trading.
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Federico
Wed Dec 25 2024
It denotes the smallest possible change in the price of a financial instrument.
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