SPECITATIVES AND TIPS FOR A NEW TRADE

[Igor Pereira]

Why Most Traders Give Up?

The 9 Fundamental Principles to Survive and Prosperate in the Market

By Igor Pereira
Financial Market Analyst
Founder of ExpertFX School

There is no romanticization possible when we talk about the financial market: negotiating is difficult, demanding and psychologically challenging.

Reality is tough.

Internal data from several brokers show that approximately 40% of traders quit in the first month. After five years, less than 10% remain active.

That doesn't happen by chance.

Exclusive analysis for ExpertFX School – Igor Pereira:
“The market does not eliminate traders for lack of intelligence. It eliminates by lack of structure, discipline and mentality.”

Next, I present the 9 fundamental principles that separate survival from withdrawal — especially for those who operate volatile assets such as gold (XAU/USD).

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1"> Unrealistic Expectations

Many enter the market seeking quick enrichment.

The problem:

• High expectation creates pressure.

• Pressure creates error.

• Error generates loss.

What to expect:
Consistent trading is progressive construction. Exponential results come after stability.

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2"> Lack of Professional Mentality

Amateur Trader:

• Operates for emotion.

• It changes strategy constantly.

• Reacts to the market.

Professional Trader:

• You have a plan.

• Execute without hesitation.

• Accepts losses as operating cost.

Igor Pereira points out:
“Trading is not a bet. It is applied risk management.”

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3"> Absence of Risk Management

No management, any strategy fails.

Common errors:

• Excessive risk per operation.

• Unproportional leverage.

• Emotional recovery after loss.

Market impact:
In XAU/USD, high volatility can eliminate mismanaged accounts in minutes.

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4"> Strategie Constant Exchange

Seeking the perfect setup prevents consistency.

Every methodology requires:

• Adaptation time.

• Statistical sampling.

• Gradual adjustments.

Without consistency, there is no real learning curve.

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5"> Inability to Accept Losses

Losing is part of the process.

The problem is not losing.
It's not knowing how to lose.

Traders who survive:

• They take stops.

• Do not increase batch to “recover”.

• They understand odds.

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6"> Impatience

Market demands strategic wait.

Operating for boredom is one of the greatest enemies of consistency.

According to Igor Pereira:
“Money is in patience. Loss is in anxiety.”

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7"> Lack of Structure and Routine

Without routine, there is no discipline.

Professional Trader:

• Analyzes macro scenario.

• Defines operating hours.

• Keeps a detailed record.

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8"> Ignore Macro Context

Especially in gold (XAU/USD), movements are highly influenced by:

• interest expectations;

• Inflation data;

• dollar strength;

• Geopolitical tension.

Operating without considering macro scenario increases structural risk.

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9"> Emotional Loss

Fear and greed are amplified by leverage.

Common impacts:

• Close profit too soon.

• Let the damage run.

• Fold position after loss.

In volatile markets, mismanaged emotion is destructive.

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What to Expect in the First Years as a Trader?

The first years are stages of:

• psychological construction;

• technical enhancement;

• Emotional control;

• Discipline development.

It's not a quick enrichment phase.

It's a survival phase.

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Impact on the Financial Market

Most participants:

• Underestimate risk;

• Overestimate skill;

• Ignore statistics.

This generates:

• High turnover of traders;

• constant liquidity;

• Opportunity for disciplined professionals.

The market transfers capital from the impatient to the disciplined.

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How to Prepare a Solid Future in Trading?

Exclusive conclusion – Igor Pereira:
“ Surviving is the first goal. Consistency is second. Scale is consequence.”

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Final Consideration

If only a small percentage remains active after five years, it should not discourage — it should strategically position you.

The difference between withdrawal and longevity lies in the structure.

And structure is built with method.

#1 EXPECTS
The first question traders always ask is “ How long it takes to turn $1,000 into $1,000,000 ” and that’s a very wrong question to ask when you’re starting. Yes, it is possible to make a lot of money, but it is much more likely to lose (several) trading accounts before that. So you should ask yourself: “How can I not lose all my money? ”

Although it doesn't look good and can be depressing for some of you, it's important to realize that you won't make much money in your first year as a trader. If you manage to negotiate around the balance point and not lose any money, you are already better than 99% of all traders and had a great start.

Having wrong expectations often makes traders give up early, because when reality reaches and when their high expectations are not met, it can create frustration and anger. Accept that you will not earn a living with negotiations in the coming years and focus on the process. The money will come soon.

As you begin, you should focus on not losing all your money so you can keep negotiating and learning.

#2 ON WHICH TO FOCUS
If you won't make money, what will you do in the first year?! The first steps of a trader are to become familiar with the market and market dynamics. You should look for a decent mentor (more about it later) and start studying as much as you can.

Then you must choose A method or approach and start putting all your focus on learning this approach. Throughout your business career, you will probably go through various systems and experience different things, which is normal, but you should avoid frequent “system jumps” and change your approach every month.

“The stick for every work and nobody’s master” is what usually happens to most traders. Don't become one of them.

It is important to develop the right mindset and stay away from gambling and promises of quick enrichment.

Learning curve
Every time you change your trading system, you need to start all over again.

#3 UNDERSTAND THE LOSS
A big problem many traders deal with on a daily basis is that they interpret the losing negotiations in a completely wrong way. First, you MUST understand that losses are as normal as victories and that no matter how good you are, the lost negotiations will never disappear.

Secondly, you must distinguish between “normal” loser negotiations and “stupid” losses. Normal losses are the ones where you did everything right, followed the plan and executed the system. A loss, then, is not a cause for concern and the market simply did not agree with your idea. Go ahead and brush it.

A stupid loss, on the other hand, is a loss in which YOU have ruined everything. A trader who believes he's on a losing streak, but all his losses are stupid losses, actually he's not going through a losing streak, but he's just trading badly. Many traders believe that their “no” system is working, but after a more detailed inspection, you will usually find that your system is totally good – it’s just them who are screwing up.

#4 WHEN IS IT LATE TO BECOME A TRADER?
Many people are always in a hurry and wonder if they're too old to become traders. As with expectations, if you approach negotiation from that point of view, it will have a negative impact on your negotiating habits.

You will rush into negotiations, not learn the trade the right way, always feel that you must be in a negotiation and take many risks.

But when is it too late to start negotiating? I discussed this topic in a recent podcast:

#5 LEARN ABOUT YOUR RAILS
We briefly approach the system jump and it is important to avoid this terrible behavior and mentality. You should at least inform your trading method from 6 to 9 months before starting to change it completely.

Also, try to really understand the tools you are using. Most traders use indicators or trading methods and do not fully understand what they are doing. If you want to become a professional, profitable and full-time trader, you need to learn your craft and stay away from signal hunting and get rich quickly. If you ever use tools and indicators and do not fully understand what they are doing, you will have to take a step back and do your homework.

We always emphasize that you need to become an expert in your field. This means choosing your negotiating approach and trying to learn as much about it as you can. The best performances in any area are always those that dominate a specific set of skills and do not spread much.

#6 FIND A POWER
Mentors are great, but they can also be the exact opposite. There are many charlatans out there who make promises of money easy and fast. Claims about doubling your account year after year, negotiating 2 hours a day and doing “a killing” or other too good claims to be true are always this – They're just not real.

What do you need a mentor for?

Almost all lucrative traders negotiate a system that they themselves have developed in some way – at least to some extent. A trading system is very personal and should suit your personality and character. So, do not seek a mentor who promises the “best returns”, but someone who can teach you about negotiation in general. Someone who builds his mentality, talks about commercial psychology, the concept of long-term negotiation, helps you avoid common problems and prepares you for your journey.

Don't confuse a mentor with a signal provider or just someone you buy a system from, but a person you can contact who actively helps you become a better trader.

In addition, joining a group of traders with similar ideas is also very important. Stay away from Twitter or random forums where everyone has a different approach and just throws ideas. This will only create confusion and frustration. We also offer a forum for our own students, where everyone negotiates similarly and our discussion is directed around a negotiation approach. This creates consistency and eliminates all noise.

#7 HOW TO BETTER
Do you remember your last 10 negotiations? Do you know what mistake caused you the biggest damage? Do you know which configuration has the best performance and manages your negotiations correctly? You leave money on the table when you leave the negotiations inefficiently?

If you answer these questions with no or no knowledge, you should get a negotiation diary.

A trading log is a tool where you record your previous negotiations and get significant results from them. How can traders expect to improve and become better if they have no way of reviewing what happened to them?

Any trading book and any professional trader will say that a diary is the mandatory tool that every trader should have.