It is possible, but you need a high initial investment if you want to make it your primary source of income, and to mitigate the risks you need a broad study of fundamentals and the market.
Not really you can start of really low and gradually build up. Also people have misconception that you need to trade everyday. main moves are usually happening on news or wednesday, thursday, friday. so you can get into a couple of large moves and your income is made for the week. Its what some of the top pros do. they watch a few currencies keep stalking them and go heavy on the reversal.
NFP week is pretty volatile you can make a decent amount then after the stop hunts.
rules you need to follow
Patience
not being greedy (risk management)
ability to take a loss
have a good strategy you won't go wrong. greed is top reason why people end up losing.
Those that traded of my signals on election day made $3000 of $1 lot size
