I want to know Whether is it possible to do full time trading and depend on trading for my monthly house expenses and my children school fees?
I doubt if your question will get any serious answer .. simply because its one of those repeated question.... Discouraging serious traders from repeating the same answer to your post.
None the less ......
I can tell you what successful traders do right.
They have loads of experience. Having learned the lessons the hard way -- By loosing money during the initial phases. I have'nt seen any successful trader with less than 3 years of trading experience.
They have learnt from the mistakes.
They have a detailed strategy and plan. Trading signals is just a small subset of his plan. Treat it as you would any other business venture.
They dont hesitate to admit mistake ... ready to take close/reverse a position. Employing Stop Loss for ALL trades.
They typically carry expertise in very limited market and very Limited instrument's.
They usually have a simple trading strategy. Most successful one's usually (not always) trade based on price action.
They are well funded/capitalized.
Lastly .... they have a edge , which they have personalized as per their psyche. They don't emulate others, understanding that what works for others may not work for them.