Of course it can be, why not?! but at the same time it involves a lot of risks and you should avoid greed to earn more while you trade. Success won’t come ‘just-like-that’ it needs few basic necessary things that should be followed, Hope you are already acquired some basic knowledge about trading and assuming you are understanding some of the basic technical terms we are using in my answer here. First and foremost – Do your trailtrading might look simple but actually it is not – It carries a lot of risk.You cannot gamble, so for testing
register for a demo account from your preferred broker, test your skills, for example – understand the market movement also importantly study the market changes during the time of data release.lnvest only what you are afford to lose! Knowledge on technical toolsStudy and learn about technical tools on trading. These tools might not benefit you all the time – But knowing those will be helpful while you start to trade. But do not over do anything!- studying more on technical indicators might confuse! That is true!!Never trade without Stop-loss, As said earlier market involves a lot risk hence trading without Stop-loss limit would wipe-out your account. Finally, get a mentor. Follow someone who been successful on the field with proven track record.