Tick

Tick is the minimum range of change from one price to another.

Tick ​​is a measure of the minimum change from one price to another. For example, in the stock market, the “price range” of the change of unit price from one price to another is not the same for each share. Depends on whether the stock price is in the range that the stock exchange has set.

The tick in the forex market has minimum changes from 5 decimal places (common currency pairs), 3 decimal places (JPY currency pairs) and 2 decimal places (commodities, indices, stock CFDs, cryptocurrency) such as 0.00001, 0.001 and 0.01 respectively.