Michael Kuchar

Michael Kuchar

Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in intraday trading of G20 currencies and to anticipate potential market moves I utilize a fusion of both fundamental and technical analysis. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications.

Basic information

Education: B.A in Economics/Business, University of Pardubice
Current work: CEO of TradingBeasts.com
Published on: TalkMarkets, BitcoinMagazine.com, FXEmpire.com,
Contributor to TradingBeasts: Since April, 2016

Investing

Trading style: Intraday trader / Analyst
Favourite assets: EUR, CAD, WTI, Gold

Favourite quote

Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it.

Albert Einstein - Mathematician and physicist, winner of nobel prize in physics

Latest articles from this author

Financial Spread Betting - Say no to Stamp duty & Capital gains tax

[vc_column width="3/4"]Spread betting is a form of speculative trading in which the trader places a bet on the expected movement direction of an asset, and allocates a cash amount to the trade in order to profit from the price movement without actually owning the asset. Financial spread betting is in many aspects very similar to CFD trading, there are just a few differences that these two investment types have.What financial assets can you spread bet?It is possible to spread bet on several asset types: forex pairs, stocks, bonds, commodities and indices. Some platforms also support spread betting on cryptocurrencies. Spread bets ...

18 January, 2019

Stock day trading for beginners - How to start

Stock day trading for beginners - How to start

[vc_column width="3/4"]The stock market is a place where stocks, bonds, options and ETFs are traded. Day trading on the stock market means opening and closing trades within the trading hours of a single day. Unlike the forex market which operates for 24 hours, the stock market is opened only for a few hours in a business day. Therefore, traders have far less time to make their trades work. That is why it is essential they understand how to trade stocks profitably within the few hours that market gives them.Before you start day trading stocksIn terms of pre-trading processes, you will be looking at how to prepare yourself for a da...

11 January, 2019

How is Blockchain changing industries the way we know them

How is Blockchain changing industries the way we know them

The Blockchain revolution has been long in coming and now it is upon us. New ways and thinking are set to lead to better productivity. You must have seen or heard from one or two sources that blockchain technology is poised to disrupt the activities of various industries in manners considered profitable and necessary. The question remains; what is this revolution about and which industries are going to experience this change?IntroductionWithout mincing words, Blockchain Technology simply refers to a decentralized database system. These databases are securely encrypted with cryptographic technology so that any information absolve...

09 January, 2019

Spread Betting vs CFDs: The Differences

This article aims to show the differences between spread betting and CFD trading. This information will help many traders identify which of the two markets they should be trading.Spread Betting and CFD TradingSpread betting and CFD trading are both speculative ways of trading the financial markets. They do not require the trader to own the underlying asset, and they are usually traded on a leveraged basis. They also share similar asset profiles; it is possible to trade stocks, indices and commodities either as spread bets or on the basis of CFD trading. Spread betting is especially popular in the UK, while CFD trading and trading...

20 December, 2018

3# Crypto Chart Patterns for Day Trading you should be using

3# Crypto Chart Patterns for Day Trading you should be using

This article will discuss the patterns that are available to you to trade cryptocurrencies on an intraday basis.What are Crypto Patterns?The phrase “crypto patterns” as used in this article, refers to the chart patterns that are formed by price action on various cryptocurrency assets. For this article, we are mostly interested in patterns that the trader can use to get into and out of trades profitably within the course of one trading day.Some Points to NoteThere are several chart patterns that occur in the financial markets. However, there are very few you should be concerned with. These are the crypto patterns that will be desc...

13 December, 2018

Skrill is joining the fight against unregulated brokers

Skrill is joining the fight against unregulated brokers

It is not even a month since the two biggest card providers, Visa and MasterCard, announced to fight unregulated brokers and ICOs. Skrill is the next payment option to join the fight as they started demanding from brokers operating in the EU a copy of their license to prove they operate legally. Brokers that fail to provide it will face a huge problem as all UK and European clients will since the 30th of November no longer be able to transfer funds to such entities.It seems like the EU authorities are finally starting to do whatever is in their power to eliminate the abusion of EU clients. It is more than likely that other popula...

18 November, 2018

NagaMarkets and NagaTrader Review – Platform, spreads, reputation

Today, we are reviewing a CFD broker NagaMarkets and its social trading platform called NagaTrader. NagaTrader is a social trading platform where investors and traders of all levels can trade CFDs on stocks, indices, forex, equities and cryptocurrencies. The NagaMarkets company is under CySEC supervision. The company has no minimum deposit and a free demo account can be opened at any time. Spreads are very good on cryptocurrencies, on other assets they are unfortunately a little bit less attractive.[ecp code="general-warning"]Detailed information about NagaMarkets Website address: https://nagamarkets.eu Leverage: up ...

17 November, 2018

XTB review - Platform, fees, cryptocurrencies, background

XTB review - Platform, fees, cryptocurrencies, background

In this review, we take a look at XTB (which stands for X-Trade Brokers). We will examine the broker's background, trading platforms, fees and overall offer. XTB is a leading European broker with an international presence that was founded in 2004. The company attracts traders on some of the tightest spreads in the industry, superior execution time speed and access to the xStation platform.

07 November, 2018

Ripple (XRP) Trading Demo Account - How to start

The world's biggest cryptocurrencies are a very popular choice for many traders and investors, Ripple is no exception. As of now, XRP is ranked as the third most valuable coin by market cap and it attracts millions of traders and investors around the globe. In general, trading cryptocurrencies is risky and one should approach it always with caution. To save you from the prospect of losing money when trading Ripple, I recommend opening a free Ripple (XRP) demo account. Such an account is a perfect solution for people with inadequate experience. In today's article, we will give you a list of popular brokers that offer Ripple tradin...

21 October, 2018

MasterCard and Visa - Crackdown on unregulated CFDs, Binary Brokers and ICOs

MasterCard and Visa - Crackdown on unregulated CFDs, Binary Brokers and ICOs

[stm_post_details] The card industry leaders - MasterCard and Visa decided to crack down on unregulated forex, CFDs, Binary Brokers and ICOs. This comes as a welcoming surprise for regulated brokers who have to deal with new stricter ESMA rules that the European regulator introduced this summer. From now on brokers and ICO issuers will have to play by the rules and provide services only in jurisdictions for which they hold appropriate licenses. MasterCard’s rules are already in place from this Monday. VISA has announced that they will force the same measures from the 1st of December.What does it mean for unregulated brokers ...

15 October, 2018

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