Exactly it is the best to treat it as a part time business, though too much risks is involved but it is the best way to obtain money online and if done part time you could have more than one source of income to back it up your Forex Trade.
Well it depends only partly on you. Low volatility can shrink margins as well as high volatility erase all your profit by sudden move. Adjusting your strategy for consistency probably the hardest part of trading.
Consistency is the main pillar of success! Suppose, if you are able to make 5 pips is a day but consistently , that means your monthly profit will around 100 pips! So, if you have healthy trading equity, nothing is impossible here! So, traders need to focus on consistency!
Consistency, and stable adhering to money management. You can achieve consistency and stability only when you have a good trading system. At the same time, since the market is constantly changing, you need to be able to track these changes and manage to adjust to it.