I think you can become a PAMM manager if you have good command on trading skills and can earn money through charging fee to other investors beside your own trading.
I still trade my demo account on hotforex beside trading on live account and in fact i test my new strategies on demo account before implementing them on live accounts.
In my opinion forex trading can only be the right business available online where we can earn good returns on our investments however on the same time it is risky too so better to learn the skills before going to invest any money in forex trading.
The markets usually follow the trends and those who follow the same trends have ample chances of making the money. A technical analysis of the market might quite be helpful in evaluating the current market situation and the action to perform accordingly.
Better if we make some research before selecting any broker because they are the one who helps us initiating our trades in the market and if we mistakenly choose wrong broker then we might be among those who eventually ends up loosing money or get scammed by the brokers.
In my opinion, successful forex traders only focus on building an appropriate strategy to foresee and manage the risks associated with the investments.
I agree that forex peace army is a good place to get real traders' insights for any broker and the later discussed sites are a good place to learn and discuss forex and its processes.
Profits and loss both are part of trading business and i think it happens when good trades also went bad so don't worry and stick to the trading plan, better to take a break on bad day and review the trading plan for few necessary changes.