Definition of Tick
The minimum possible price change in a market. In the context of forex, a tick and a pipette (0.00001) are often the same, though the term is more commonly used in futures markets.
At a glance
Term
Tick
URL slug
tick
Category
General
Short answer
The minimum possible price change in a market.
Deep dives
Full A–Z glossary
Example
Apply the definition: restate “Tick” in one sentence tied to your next trade (symbol, direction, size, stop). If you cannot, re-read the definition above.
Common mistake
Common mistake: using “Tick” as loose slang while your broker/platform specification defines it more narrowly.
Professional tip
Tip: bookmark this “Tick” page and reopen it when reading broker specs so definitions stay consistent.
Practice tools:
Related terms
FAQ
The minimum possible price change in a market.
Knowing the precise definition of “Tick” prevents platform and broker-spec mistakes—a common source of size and cost errors.
Common mistake: using “Tick” as loose slang while your broker/platform specification defines it more narrowly.