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

Forex Trading 101: The Basic Concepts Every Beginner Should Learn

You don’t have to be a math wiz to trade in the foreign exchange (Forex) market. The foreign exchange market is a place where you can swap one currency for another during trading. If you’re new to the Forex market and interested in getting started, here are some basic concepts that you should learn:1. Trading HoursMarkets will be open over a 24 hour period in different parts of the world, and this enables trading in different time zones for various currencies. Although it’s very convenient to trade from anywhere, as long as you have the Internet and a laptop, it can also pose as a window for price fluctuations.When you’re in the ...
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04 April, 2020
Five Must-know Technical Analysis Tools

Five Must-know Technical Analysis Tools

In recent years, technical analysis has grown more popular among investors. Part of the increase in popularity comes from the rise of cryptocurrencies. As digital assets, Bitcoins and other cryptocurrencies do not have fundamentals such as P/E ratios or book values for investors to analyze. Instead, investors make trading decisions by graphing and interpreting price and trading volume data, a technique known as technical analysis.Technical analysis is powerful because it doesn’t require any detailed understanding of the underlying security. Instead, we study the price and trading volume of a security and make price predictions gr...
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27 March, 2020
Conversational AI is changing the cryptocurrency industry

Conversational AI is changing the cryptocurrency industry

It's safe to say that there seems to be no industry that remains untouched from blockchain technology and its impact. If you understand blockchain technology, you will know that the cryptocurrency industry is entirely an offshoot of blockchain technology. Blockchain technology is extremely powerful and which in hindsight means cryptocurrencies have many limitations too. Some of the limitations are technology-related, but others are a result of an old fashioned culture that has been prevalent for years amongst the financial sector. Interestingly, the antiquated ways of working can be affected by AI in some way. Take a peek into an...
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24 March, 2020
7 ways in which blockchain technology will impact the word

7 ways in which blockchain technology will impact the word

Blockchain has caused up a stir concerning new innovative technology and rightly so as it's set to have a significant impact on our future. Blockchain is set to change many industries such as the way we bank, our healthcare system and deliver secure communications. To understand the real impact of blockchain technology and how it can revolutionise the current system, we need to understand the technologies capabilities.Blockchain is not controlled by a central organisation or person, which is what makes it quite attractive. The way it works is the information is stored across a system of personal computers which eliminates the mid...
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22 March, 2020

How to Find the Best Day Trading Stocks

This article will provide you with some information on how to find the Best Day Trading Stocks. In day trading stocks, you must be conscious of one peculiarity of this market: stock markets are only open for a few hours every day. Different national exchanges will have their opening and closing hours, so you should know what exchanges the stocks you want to day trade are located, and what time the exchange will be open for business. Even if you trade on an online platform, the stock will not be open for trading if you are outside the trading hours for that exchange. So this is an important factor to consider.Best Day Trading Stoc...
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20 March, 2020

Five Metrics to Help You Pick Better Stocks

As the coronavirus cooled the heat of the historic bull market we were in, traders were forced to reexamine the strength of their investments. Sure, in a bull market, making money in equities is easy and we forget that equity investing should be based on solid analysis and reasoning. After all, investing in a stock is to invest in a company’s future and growth. For any trader to have longevity, understanding the key metrics used to evaluate a stock is a must. Today, we are going to cover the five most crucial stock metrics to help you make better investment calls and more consistent plays.The P/E Ratio – Relative ValuationThe ric...
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10 March, 2020
Stablecoins explained - Complete guide

Stablecoins explained - Complete guide

Cryptocurrencies are arguably the most volatile financial asset in the markets today in the markets today and are capable of wide variations in price. This may be great news to speculators on the right side of trades, but bad news for other categories of traders, especially those whose trading accounts are inadequately financed. These price movements can be very sudden and can even create problems for traders in a lot of ways. Imagine withdrawing your cryptocurrency from your trading account and a short while later, you find out its value has dropped by up to 30%! What a shocker.The desire to come up with cryptocurrencies that we...
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21 February, 2020

Intertrader Review – What to expect from the broker

Intertrader is a CFD Broker and a spread betting provider that features on its trading platform CFDs on forex, stocks, indices, commodities and cryptocurrencies. The broker charges on a popular currency pair EUR/USD a minimum spread of 0.6 pips*. Trading with real funds is possible with a minimum deposit of $500 (or equivalent in other currency). The Intertrader website is available in English and Spanish.What do we cover in our Intertrader Review?[toc][ecp code="general-warning"]Basic information about the broker Website address: www.Intertrader.com Leverage: up to 1:30 Instruments: CFDs - Forex, stocks, indices, commodities ...
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19 February, 2020

MARKETSX Review – What to expect from the broker

Markets.com decided to re-brand and changed its name to MARKETSX. Today, we will cover everything this new re-branded company has to offer.MARKETSX is a CFD Broker and spread betting provider that features on its upgraded trading platform CFDs on Currencies, Shares, Indices, Commodities, Bonds, ETFs, Blends, and Ipos. The Markets group is regulated in the UK by the FCA, in Cyprus by the CySEC, in Africa by the FSCA, in Australia by the ASIC and in the British Virgin Islands by the FSC. The minimum spread is for EUR/USD 0.5 pips*, real trading is possible with a minimum deposit of $100. The MARKETSX website is available in English...
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12 December, 2019

The Most Effective Method to Set a Proper Stop Loss

What is a stop-loss order? You place a stop-loss order with your broker to sell your securities when they are at a given price. These help to reduce the extent of loss you might incur. For instance, if you set your stop-loss order at any percentage below the price in which you bought the security, the loss will be limited to that percentage.How to Place a Stop Loss OrderThe best method to place a stop loss should involve placing it at a position where you will know that you were wrong about your strategy in case you’re hit. You cannot be perfect in all your trades. The prices of the stock will not always favor you after your purc...
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11 December, 2019
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