Is it possible to make 20% in a month? Yes of course. Can you make 1% twenty times in a month? Is it possible to make 20% every month? Possible but improbable without experience, adaptable edge(s) that can be applied to changing conditions, sound money management, effective risk management, leverage &/or luck. Also worth differentiating between a retail trader and a pro. If you're managing a fund, and your comp is based on not underperforming, there is less incentive to take on more risk to beat the market. With your own money and no Investment Committee to answer to, its easier to push up the risk reward curve.
1% 20 times is not 20% in a month. It is much more. Anyway OP did not specify for how long a period of time. They never do.
Can I make more than 20% profit every month? ---> Can I lose more than 20% every month? Only 0.000001% make > 20% profit every month. So to answer your Q, the answer is YES.
A trader could have a good month and make 20% but the following month could lose 20%. Almost impossible to average 20%/month for the whole year. If you could do half that for the whole year you'd be a Rock Star in the world of trading.
But you forgot to also ask how much you can lose in a month. Can you lose about 20% every month? Is it possible? Absolutely. Don't listen to those clowns.
Are you aware about the famous daily 4 pip profit strategy? Of course leveraged. A Forex account starting with a lousy $1000 made it in 7 years to USD 1,299,289.10 in profits. Do the math yourself what the AVERAGE ROI must have been per month to achieve that result. And above all: the mental discipline the trader must have had to pursue this result. RESPECT!
In Forex, you have to share both profit and losses and on average you have to take a gain. So, it’s nearly impossible to gain that much profit.
Are you aware about providing verifiable proof when making bold claims, otherwise it is nothing but nonsense. As well as BOLD font is online equivalent of shouting? Attention seekers do that.
Bold font is just used to draw attention to make a point, WHEREAS ALL CAPS IS THE ONLINE EQUIVALENT OF SHOUTING, ALONG WITH EXCLAMATION POINTS! Ergo. he wasn't shouting. Was he?