Michael Kuchar

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 use a combination of fundamental and technical analysis to anticipate potential market movements. My current main interest lies in cryptocurrencies, especially in Ethereum and decentralized applications.

Basic information

  • Education: B.A in Economics/Business, University of Pardubice
  • Current work: CEO of TradingBeasts.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

Longforecast - How Accurate Are Their Predictions?

Longforecast - How Accurate Are Their Predictions?

Longforecast is an asset forecasting website run by the Economy Forecast Agency. They use a unique methodology to provide original forecasts on a range of financial markets, including cryptocurrencies, forex pairs, stocks, commodities, and stock indices. Their market prediction is long term in the range of 5, 10 and 15 years.Basically, the agency uses statistical and mathematical formulation to predict the price based on historical data. They factor in the market indicators: correlation, cyclic recurrence, the attractiveness of investment to investors, changes of asset availability,  significant market events, regulatory events a...
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01 May, 2021
WalletInvestor - How Accurate Are Their Predictions?

WalletInvestor - How Accurate Are Their Predictions?

Cryptocurrency is the buzzword online. Investment in bitcoin and other cryptocurrencies has left many people laughing all the way to the bank. To put this into perspective, investors have been rewarded for predicting the continuing bull run of cryptocurrencies.That said, market predictions are not a cakewalk. You can’t be certain about the future price of any asset, including cryptos. However, a good analysis coupled with proper risk management can help you reap massive profits. If you want to venture into cryptocurrencies, expert predictions should be part of your war chest. WalletInvestor and CryptoPredictions.com are some of t...
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29 April, 2021
Best Brokers That Accept ITIN

Best Brokers That Accept ITIN

In the United States of America, there is a limit placed on the access of citizens and residents to trade the financial markets through a broker. Such limits are only removed if the citizen or resident has an ITIN (Individual Taxpayer Identification Number). However, the major challenge is that there are only a few brokers that accept ITIN as a valid means of identification. This further limits the available broker options that prospective investors resident in the US can choose from. In accordance with our research, there are currently only about 7 brokers that accept ITIN.OverviewBrokers that accept ITIN for identification are ...
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20 December, 2020
Penny Stocks 101: Introduction to Penny Stock Trading

Penny Stocks 101: Introduction to Penny Stock Trading

Prior definitions of penny stocks pegged them as stocks trading for $1, or less. However, the Securities and Exchange Commission (SEC) has revised the definition as follows, ‘… penny stocks refer to stocks trading under $5 per share.’ The $5 penny stock threshold is an important level, particularly in the US. In the United Kingdom, penny stocks trade for £1, or less.The SEC goes on to explain that penny stocks by definition are, ‘…Low-priced shares of small companies. Penny stocks may trade infrequently – which means that it may be difficult to sell penny stock shares once you have them.’Why are Penny Stocks Risky & How Can Y...
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24 November, 2020
What Is Bitcoin Satoshi Vision? Everything You Need To Know

What Is Bitcoin Satoshi Vision? Everything You Need To Know

The first cryptocurrency in the World, Bitcoin, was developed by Satoshi Nakamoto. From what is known, Satoshi Nakamoto is an anonymous name and no one owns the name, whether a person or group of people. In 2008, Satoshi Nakamoto released the Bitcoin white paper in which he shared his vision on a digital money system. Now, Satoshi’s dream for a peer-to-peer electronic cash system has taken over the world. However, there are possibilities that there have been just adjustments to the original information Satoshi provided regarding the Bitcoin.This is why we have the Bitcoin Satoshi Vision (BSV). BSV is recognized as the first and o...
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06 November, 2020
Top Five Gold Backed Cryptocurrencies

Top Five Gold Backed Cryptocurrencies

The text has been provided by a Guest authorCountless civilizations prize gold due to its allure and value. The precious metal remains an attractive investment option, even in the modern economy. Gold coins, bars, and rounds are all traditional methods of gold investment. Physical gold bullion is easy to store and can feature attractive designs, depending on the issuing mint. Gold prices often surge during economic uncertainty due to the metal’s stability and reputation as a hedge against inflation.The American Golden Eagle and the South African Krugerrand are some of the world’s best known gold bullion coins. Collectors and inve...
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15 October, 2020

How to use risk management to enhance your trading

Risk management is an aspect of trading that helps traders to protect their capital from massive losses helping them to survive in the market for a lengthy period. Trading can be a risky job as statistics indicate up to 90% of retail traders across the world fail! That is where risk management plays a crucial role in trading as it helps traders to avoid huge losses preventing them from blowing up their account. It is the most important thing a trader could learn.“Don’t focus on making money; focus on protecting what you have.” Paul Tudor JonesHow to apply risk management into your trades?1.The first and the most crucial measure o...
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02 October, 2020
Best Forex Traders In Kenya

Best Forex Traders In Kenya

Forex trading is a prevalent way of generating income online in this internet age, not just in Kenya, but worldwide. It would seem easy at a basic level; you only buy and exchange one foreign currency for another, but forex trading is deeper than that. Today, we will look at some of the best traders in Kenya.
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16 September, 2020

How to Invest In Commodities

The term commodity is not common, and some people may never have heard of it. However, understanding commodity investing can be a straightforward and robust addition to a trader’s investment portfolio.Let us discuss how to invest in commodities.Understanding Commodity TradingCommodity trading has been in existence since the ancient times before the inception of bonds and stocks. In the past, it was a crucial business connecting different people and cultures. Today, commodities remain a popular investment instrument. Investors interested in venturing into the commodity market can do so in various ways. Let us discuss these methods...
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16 September, 2020
How to Read Charts When Trading Crypto

How to Read Charts When Trading Crypto

If you want to become a successful trader, you should learn to do technical analysis. This is a main ingredient in getting results regularly instead of on a luck basis. The most predominant tools in doing analysis are charts and graphs that follow market dynamics. Let’s take a look at the most essential crypto charts you might come across on top of different exchanges and see how to use them.Line Price ChartYou always want to start with the basics, and Line Price Chart is a good fit for that. Traders use this chart to get an understanding of price dynamics over a period of time, and this dynamics is represented by a single contin...
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11 September, 2020
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