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October 23, 2017

Question:What is the difference between Pips and Ticks in FX market?

Answer:

One pip is the value of the number which is four places after the decimal point.

On the other hand, one tick is the minimum number of pips that a currency pair moves.

The phrases, Pip and Tick are often used within reports/news provided by brokers and other medias.

*The spread is the number of pips between the bid and the offer.
*One pip value and one tick value are different by each pairs.

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