Pip, Point, Tick, Tack, Contact, Put & Call trader lost in transition!
can someone PLEASE direct me to a link that explains all this, I'm going round in circles looking for a provider that handles Index, forex & commodities, and clearly don't know what to ask!!!!!

Tick = smallest movement that price can increment, like on ES SP500 Futures if price goes up 1 tick it might go from 1285.50 to 1285.75 (0.25 tick size). For CL oil futures, 1 tick is 0.01 so price would go from 96.50 to 96.51.

Pip = forex equivalent of a tick

Contract = volume size of your purchase you make into the market for futures, it is like shares in the stock equities world

Lot = volume size of your purchase for forex market

Tack = no such thing

Put/Call = relate to trading options

Mike

Tick = smallest movement that price can increment, like on ES SP500 Futures if price goes up 1 tick it might go from 1285.50 to 1285.75 (0.25 tick size).
For CL oil futures, 1 tick is 0.01 so price would go from 96.50 to 96.51.
Pip = forex equivalent of a tick
Contract = volume size of your purchase you make into the market for futures,like shares in the stock equities world
Lot = volume size of your purchase for forex market
Tack = no such thing
Put/Call = relate to trading options
Mike

Big Thanks Mike, clear & concise
as in your ES & CL example above are there any other variations of tick values in the market, place if so where do i get a break down of them,
there are so many instruments available i have yet to find a list of them detailing their incremental values & lot sizing etc or is this a variable thing between brokers & therefore impossible to determine in this way????
if it is possible i will post the definitive guide!

Much appreciated BM feeling less stuck!

Use CME's website CME Group - Futures & Options Trading for Risk Management, they have a contract specification page for each instrument that will list most of it.

Also your platform probably does it automatically. If using NT, you'll find most tick sizes, point values, etc are pre-programmed. Same with MultiCharts, TradeStation, etc.

Mike