What is Pip Value? Why professional traders need to know A pip is a small price movement, but its monetary value determines the gain or loss on a position. In forex, even a one-pip move changes account value according to position size. What is Pip & Pipette? Pip short for "Percentage in Point" is a measure of the smallest price change in most currency pairs = 0.0001 (e.g. EURUSD moves from 1.1000 → 1.1001 = 1 pip move). Pipette = 0.1 pip → Used in platforms that display 5 dec