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