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What is Ticksize?
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What is Ticksize?
I apologize for such a dumb question, but I still cannot clearlu understand - what is Ticksize? I`ve read that this is "The minimum fluctuation value; the value of 1 tick for the corresponding instrument." But I`m still unclear about this explanation.Tags: None
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Hello,
Thank you for your post.
I grabbed the following definitions online:
Tick Size
A market's tick size is the minimum amount that the price of the market can change. For example, the EUR futures market has a tick size of 0.0001, which means that the smallest increment that the price can move from 1.2902, would be up to 1.2903, or down to 1.2901. The tick size is also known as the minimum price change.
Tick Value
A market's tick value is the cash value of one tick (one minimum price movement). For example, the EUR futures market has a tick value of $12.50, which means that for every 0.0001 that the price moves up or down, the profit or loss of a trade would increase or decrease by $12.50. The tick value is also known as the minimum price value
Minimum price change
Please let me know if this is not what you were looking for.ChipNinjaTrader Customer Service
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