Part 2 · lesson 1 of 3

You find out what the smallest move on your screen costs you.

About 5 minutes.

Whose numbers these are

You have not picked a firm yet. So the figures below come from one firm’s published rules. Each one is named and dated where it appears. Pick a firm and the same lesson runs on your own numbers.

What this word meansWhat one step of price is worth — Evidence: strongContract specifications published by the exchange · read 2026-07-30

tick

The smallest step a price can move. Every market has its own tick, and each one is worth a fixed amount of money.

This is the unit everything else is built from. What a trade costs you is a number of these, times what one is worth, times how many you held.

This one comes back: What is a tick, and does its value change during the day?

Work it out with your own numbersWhat one step of price is worth — Evidence: strongContract specifications published by the exchange · read 2026-07-30

Work the numbers for your own account

How far away the stop sits, in ticks

On MES one tick is $1.25, so 12 ticks is $15 per contract. A micro is one-tenth the size of a mini: the same 12 ticks on ES is $150.

Apex Trader Funding $50K evaluation, floor moves on every new high — published rules read 2026-07-14, spec 1.2.0