Welcome John! Mind if i ask you some questions first?
why did you pick 20 pip stop loss?
which pair(s) are you trading?
why did you pick them and what are the characteristics of the pair you picked??
what time frame do you expect profitability?
what hours do you plan on trading?
Why 1 mini lot? Why not micros?
how much are you willing to risk per trade?
What is your strategy and what is the basis of it (meaning what are your beliefs on the market)?
have you backtested your strategy? if so, what is the win percentage? did you factor in position sizing?
did you forward test it? based on your results what have you concluded?
What is your daily,monthly, yearly objective? When will your profits exceed your expenses?
These are but a few questions of hundreds that you need to ask yourself. And if you answer them you will get an idea of what to expect out of the Forex markets. and if someone new to this business isn’t willing to do the work to answer them, then trading may not be the career for them…
This post may seem cold and harsh, but with so many people attempting to get into the trading business, they all should know that trading is hard and there is much work involved in the pursuit of absolute returns. I just want to set expectations correctly (sorry i did it in your thread)
Now that i’ve gotten that out of the way, i think anyone can trade for a living as long as they are willing to put in the work. Stay disciplined, learn everything you can until you find what works for you (your niche), and practice (aka Demo, Demo, Demo)!
Good luck John!