With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?
A trader can make it with just random signals and most of their traders are not ready or don’t have that time to learn the basics of the market. They pay to get the signals and once it’s not profitable for them, they must have earned a lot or stop subscribing to that particular person’s own. You’ll need a lot of money for this, because you can lose everything in one trade because money management is not most involved here and are mostly going for full margin which is the most risky but is taken because of quick profit they want to make.
I've been wondering how some traders suddenly become consistently profitable in a very short length of time compered to others. Some 2 years, some even in the first year with simple basic technical strategic Ideas while some spend 5-6 years or even more before becoming consistently profitable. And some are even making it with just copy trading systems.
The brain which we use to learn and assimilate things is not the same and that is a distinguished characteristic that is very obvious in today’s life. Some can take lesser time than you think and will be profitable immediately. Just have in mind that, within a period of time you’ll also become profitable if you don’t give up