Tick
The smallest recorded price change, or a single price update. A tick chart draws a new bar after a set number of updates instead of a set time.
Related terms
Pipette
A fractional pip, one tenth of a pip. It is the fifth decimal…
Account currency
The currency your trading account is held in. Profits, losses and…
Ask
The price at which the market will sell to you, so it is the price…
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…
Bid
The price at which the market will buy from you, so it is the…
Commodity currencies
Currencies of countries that rely heavily on raw-material exports,…