Glossary · T
What is Tick value?
The dollar value of a one-tick move for one contract: $10 for GC, $1 for MGC.
In context
Confusing tick size and tick value, misunderstanding how much a one-dollar move is worth, not knowing when the contract expires or when the market is thin: these technical misunderstandings cause losses that have nothing to do with market direction. That is why Chapter 1 spends so much time on the gold futures contract itself.
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