Most people have a target, but pursuing that target at any cost can be counter-productive.

20% per month. Is this possible?

One needs to do their research. Some regulators have a better reputation than others. Regulators like ASIC, FCA, BaFIC, even CySEC (sort of) can be trusted. Offshore regulators, however, have a reputation for being unreliable, and it is not ...

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Do you think that has given the desired results?

Why do Newbies Lose?

I think the thought of future profits can keep the interest alive for a lot of people.

Practice

And you need a broker that will treat you honestly and fairly.

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The third reason is brokers outright scamming their clients.

Why do Newbies Lose?

I would very much like to meet a trader who makes that kind of profit per month. Meet them online, that is, in these days I'd rather we do not meet in person, haha.

20% per month. Is this possible?

Frankly, during high volatility I mostly just avoid trading altogether.

How many pips is reasonable per day for a day trader

Is it? According official ASIC statistics (ASIC is the Australian financial regulator) about 63% of Forex traders lose money, and in many cases the reason is unethical practices by the brokers they work with. Those people may not lack knowledge but ...

Is Forex reliable?

And without a reliable broker one should not trade too.

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Or at the very least they should learn how to make a plan first.

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Ambition is a great thing, but I think it also needs to be tempered by at least some caution.

double or nothing...

Check the broker section here on ForexFactory, there is plenty of information.

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Some people do become profitable earlier than three years, but those people are usually an exception.

How many years to become profitable?

EUR/USD has the lowest spread of all currency pairs, as far as I know.

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That is true, but most traders don't have the knowledge and experience to make their own strategy from scratch, and they have to trade with something until they get there.

7 pips per day? is it possible?

Newbies that profit rapidly through sheer luck usually end up losing that profit just as fast.

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I think study and practice usually go hand in hand at the same time.

Is Forex reliable?

Other than a good entry one needs a good exit too - that one is just as important as the good entry.

How to make perfect entry point