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

How much the biggest forex brokers make

[vc_column width="3/4"]We all know how profitable Forex trading can be when you do it as an individual, but do you ever wonder how much your broker makes? Most traders don’t because they are too busy focusing on how much they are going to make themselves. However, you may also have noticed that there are just so many Forex brokers currently active in the world, yet more keep cropping up every other day. So, is running a Forex brokerage that enticing and if so, how do these brokers make the money.Financial statements from the biggest brokersSince we can’t get the earnings from all Forex brokers, why not look at how the biggest for...

Top 7 Forex/Binary options books that every trader should know

Top 7 Forex/Binary options books that every trader should know

[vc_column width="3/4"]There are hundreds of books about trading, some of them focus on technical analysis or on specific indicators and some of them on psychology. It is very hard to determine which books about trading are the best and definitely worth reading. That's why we came up with the following list of the most comprehensive educational materials for you to read. The books are usually sold in two versions, in electronic form and in a regular hardcover. The main difference in them is simply just price because very often you are able to get electronic books for 1/2 the price of a regular hardcover.How I made one million dol...

RSI indicator and a simple trading strategy

Do you know how RSI indicator works? Well, now you are about to find out along with learning a simple and effective trading strategy. In order for you to successfully trade the RSI indicator you firstly need to understand its principle. RSI is a shortage for Relative Strenght Index and it can have a value from 0 to 100. While values under 30 indicate an oversold market, the values above 70 signalise an overbought market. So simply put, it can help us to determine whether a price of an asset has a higher value than it should have (overbought market) or if the value is lower than it should be - a case of an underse...

How to read candlestick chart: introduction to patterns and formations

How to read candlestick chart: introduction to patterns and formations

Learning how to read from a candlestick chart is one of the basic tasks in technical analysis no matter whether you trade forex, cryptocurrencies, binary options or any other financial instrument. The first thing which can pop up in your head when you look at a chart can be, what each candle means. There is a very easy answer to that: „price movement over a certain time period“.

21 October, 2016

MetaTrader 4 - how to download and work with MT4

MetaTrader 4 - how to download and work with MT4

In the following article, you will learn how to download MetaTrader 4 and how to use it correctly. MetaTrader is one of the most popular programs used by traders for technical analysis. It offers a charting system that is super easy to use and which is totally free. In MT4 you will find a wide range of customizable indicators, alarms, and templates along with the possibility to use your own expert advisors. But first, in order to work with MT4, you need to create a demo account, so let’s get right into it.Setting up a demo accountA huge number of forex brokers offer the MT4 platform, but in your broker doesn’t you can download ...

How to monitor and modify your closed trades

[vc_column width="3/4"]At this point we know what binary options are and what types of options we have got. We also know how to create a simple trade, however, we didn't teach you yet how to monitor your trades and how you can work with already closed trades, so let's get straight to it.Where to monitor the success of our tradesAfter opening a new position our newly opened trade will be immediately displayed in a tight toolbar which is located below the chart of our assets. This feature allows us to constantly monitor the progress of our closed trades. In our example, we bought a call option of the currency pair EUR/USD in which ...

Types of Binary Options | High/Low, One Touch, Touch / No Touch...

[vc_column width="3/4"]High/low optionsThe basic type of binary options, High/low options have a very easy principle, which can anyone very quickly understand. The only task you have got is to predict whether the price of a certain underlying asset will be lower or higher at the time of expiration. If we demonstrate it on an example, it may look as follows. I buy the high option of the currency pair EUR/USD (therefore I am choosing the upwards direction) at the current price of 1.24231. And I assume that the value of this option will be after 30 minutes and 13 seconds higher than it is now. In case of the value shifts even only a...

What are binary options

[vc_column width="3/4"] Binary options are a financial instrument which we can trade online via web or mobile platform. The trader earn money if he makes a correct prediction whether the value of the underlying asset will go up or down in a given time. Under the term underlying assets, we can imagine commodities (gold, oil, silver), currency pairs, indices or stocks of major companies. Binary options are mainly known for their simplicity (Because you need only to make a prediction whether the price will go up or down, but not by how much) and by their limited risk. In order to trade binary options, you do not need to install any ...

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