what is pip or a tick in forex

A pip/tick/point are the general terms for the smallest
incremental move possible in any market quoted by
Capital CFDs. A pip move usually, but not always, also
represents a full ‘stake’ movement in your profit or
loss total. The most obvious exception is in UK equities
where a pip movement results in just a 1/10 stake
movement in your profit or loss. Clients should always
be aware of what the underlying stake or unit risk is for
all markets in which they wish to trade