If you decide to deal with a broker company on the basis of contract size which the one Lot equal 100000 units of the basic currency that you choose , you open with this company a normal account , and the value of one pip in the normal account is $10 , when you want to buy a Lot from Euro , you'll buy 100.000 Euros , if you buy 2 Lots , you'll buy 200.000 Euros and vice versa in selling , and if want to buy Lot in yen ,you'll buy Lot in yen equivalent $100.000
And the prices of currencies constantly changing at daily rate of between 80 to 300 pips every day ups and downs ,that means if you could trading by one Lot everyday with difference 50 pips , you will achieve $500 profits everyday or a little less depending on the currency which trades , but that if ratified your expectation , but if not ratified your expectation it will be daily loss for you , the company broker doesn't share the profit or loss with you
In mini account , the contract size equal 10.000 units of the basis currency , meaning that the one Lot equal 10.000 , when you buy 1 Lot from Euro in the mini account ,you will buy 10.000 Euro , as well as the pound , and when buy 1 Lot from yen you'll buy Lot in yen equivalent 10.000 dollars depending on the current price as well as Franc ,the small size of contract in mini contract will make the point value ten times less , no many differences in the profit and loss between mini account and normal account but the value of pip only
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