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Next week, the Governing council of the Bank of Mexico will meet. Analysts at TDS expected the central bank to keep the key rate on hold at 7.75%. They see little market reaction...
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Traders also have to understand how to handle mistakes. Most mistakes are due to taking a bad entry or managing a good entry poorly. However, most trades have at least a 40% chance of failing. A trader has to know what to do when a trade is not doing what he expected. When do you decide that your premise is now wrong and your trade is bad? What do you do once you decide you are in a losing trade?
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