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

Is the Wealth Matrix a scam? Beware, Read this Review Now!

[vc_column width="3/4"][stm_post_details]There have been rumours that the Wealth Matrix is a scam that people should avoid. Is this statement true? Let’s find that out in today’s the Wealth Matrix review.The Wealth Matrix – Is it just another crypto scam?The number of crypto scams that want to benefit from the popularity of Bitcoin and altcoins is rapidly increasing and one has to be always on a watch out. If you received an email offer from the Wealth Matrix or accidentally stumbled upon their website you should pay a very close attention whether you do not see signs that would indicate that the Wealth Matrix is a scam.What shou...

5 Best FREE Crypto portfolio Trackers - That you must Try

5 Best FREE Crypto portfolio Trackers - That you must Try

Any cryptocurrency investor and trader needs to keep track of the cryptocurrencies he owns, otherwise, he would have no idea which coins are carrying his portfolio and which ones are taking it down. While cryptocurrency exchanges offer their own environment to manage and track your coins it is most of the time insufficient. The crypto exchange platforms lack most of the functions that crypto portfolio trackers have and are necessary for us to properly monitor our coins. To have a good track of your beloved Moon coins - here are 5 ways to manage them (3 website trackers, 2 mobile applications).CoinStats - All-in-one crypto manager...

How to get a PRO status on the IQ Option platform

[vc_column width="3/4"]Every trader from the European Economic Area looking to trade binary options, digital options, or CFDs with up to 1:500 leverage on the IQ Option platform ([ecp code="IQ-number-of-people-losing"] of retail CFD accounts lose money.) needs to first acquire the status of a pro trader. In this article, we will explain why the pro status is necessary and how to get one.Why it is necessaryThe European Union financial regulatory institution – ESMA – banned trading options for all the EEA retail traders and placed restrictions on the leverage of CFD instruments. While this is definitely a drawback, it is not the en...

IQ Option review - Binary and digital options

[vc_column width="3/4"] We have tested out one of the world’s fastest-growing online trading platforms, IQ Option. Keep reading to find out, whether the broker is a legit company or a scam. This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.IQ Option offers a unique trading platform for binary options, digital options, forex and cryptocurrencies (CFDs). The IQ Option platform that allows real trading starting at $10 appeals to new and existing clients mainly with its high payouts that reach up to 95% in case of a successful trade (binary options), ...

Crypto Demo Account vs. Real Account - Psychology lesson

Crypto Demo Account vs. Real Account - Psychology lesson

Trading conditions on the cryptocurrency market are rarely different when moving from a demo account to a real account. However, there is one thing that changes significantly and that is your mindset, i.e. your trading psychology.Most of the new cryptocurrency traders start their journey to break the routine and experience something new and exciting with the promise of a good profit. However, the excitement only lasts until they experience their first loss. Some can cope with loss better than others but no one is completely immune to the stress it brings about.When reality does not meet expectations, anxiety rises and the vulnera...

Three amazing steps to become a pro trader

[vc_column width="3/4"][stm_post_details]Trading is the most challenging profession in today’s word. Every day the number of active traders in the online trading community is rising at an exponential rate. Most of the new traders jump into the online trading industry only to secure their financial freedom. In the past, trading was limited to large banks and institutions but due to the recent advancement in technology, retail traders can also trade this market with the high leverage trading account. But having access to the high leverage trading account doesn’t mean that you will become successful in the Forex market. People in t...

12 February, 2018

How to buy the dips in cryptocurrency market – Complete guide

How to buy the dips in cryptocurrency market – Complete guide

Traders can approach the cryptocurrency market with many different strategies. One of the more common ones is „buying the dips“. This refers to the effort of buying a cryptocurrency for a low price rather than buying it when it’s high. While most traders are afraid to practice this, it is generally safer to trade the dips than just buying a coin with everyone else, when it’s trending. To master this technique, firstly we need to establish when it can be said that it is truly safe to “buy the dips”.How to determine the dip levelThe most complicated as well as important key factor in this strategy is determining the dip level. As ...

11 February, 2018

How to short any cryptocurrency without breaking a sweat

How to short any cryptocurrency without breaking a sweat

The rumour is that cryptocurrencies are by far one of the best investments of a decade. And it is actually not far from the truth. The bulls really took over in 2017 and at the beginning of 2018 causing a mass growth of most cryptocurrencies, the market as a whole rose by millions of dollars and is now seen as especially lucrative.The mainstream idea of buying cryptocurrencies crossed many minds, but what about investing in their downfall? Is such an idea sane? By now you probably know that the cryptocurrency market is well known for its instability and when cryptocurrency prices drop, they drop hard. In order to explain how to s...

29 January, 2018

Bitcoin trading demo account - how to start

Trading Bitcoin can be quite risky when one does not have a lot of experience with the cryptocurrency market. Luckily, there is a way how to try Bitcoin trading without taking any risks whatsoever. A Bitcoin trading demo account is intended for this very purpose. A practice version can be created free of charge and any beginner, as well as any advanced trader, can experiment and test Bitcoin and altcoin trading risk-free.Unlike the real account, the practice version is loaded with play money. Although trading with imaginary funds can’t simulate the psychological pressure of having your real money at stake, a practice account is s...

05 January, 2018

Crypto Demo Trading Account - How to start

Crypto Demo Trading Account - How to start

Cryptocurrencies are one of the most attractive choices when it comes to investing or trading. They are rightfully called the investment of the decade and many experts consider them to be the future of the financial system. Cryptocurrencies defied all market expectations this year and they have successfully eclipsed many other financial markets. Having said that, cryptocurrencies are still a risky investment not only for new traders but for all investors who do not have the knowledge and understanding of the relatively new market.It would be a terrible shame not to provide such people with an opportunity to trade cryptocurrencies...

19 December, 2017

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