Cryptocurrency Q&A
How many ticks is 1 pip?
How many ticks is 1 pip?
Martino
Mon Dec 02 2024
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5 answers
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I'm trying to understand the relationship between ticks and pips in trading. Specifically, I want to know how many ticks are equivalent to 1 pip. Can someone clarify this for me?
5 answers
CosmicWave
Tue Dec 03 2024
The concepts of Pip and Tick are often used interchangeably in financial markets depending on the asset in question.
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mia_clark_teacher
Tue Dec 03 2024
Notably, in the context of Darwinex and similar brokers, 1 pip is equivalent to 10 ticks. This means that a movement of 10 ticks in the currency pair equates to a change of 1 pip.
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Nicola
Tue Dec 03 2024
For currency pairs offered by brokers like Darwinex, which feature 5 decimal places, understanding these terms becomes crucial.
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Marco
Tue Dec 03 2024
Specifically, when dealing with such currency pairs, 1 pip is defined as the smallest increment of change in the exchange rate.
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DondaejiDelightful
Tue Dec 03 2024
Additionally, for Japanese Yen (JPY) pairs that have 3 decimal places, the pip still represents the smallest change but in a different magnitude.
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