Michael Kuchar

Michael Kuchar

Hi, I'm Michael, founder of TradingBeasts.com since 2016. I compare and review forex and CFD brokers based on hands-on experience. As an active intraday trader specialising in G20 currencies and XAU/USD, I test platforms from a real trader's perspective and create educational content for traders at all levels.

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

There is a time to go long, a time to go short, and a time to go fishing

Jesse Lauriston Livermore - Early 20th-century trading icon and a pioneer of day trading

Latest articles from this author

5 Best Currency Pairs for Day Trading

5 Best Currency Pairs for Day Trading

The secret to day trading success is finding a suitable currency pair. The most profitable currency pairs to day trade are those that have high liquidity and volatility. They provide you with many trading opportunities and offer the lowest spreads. Below are some of the best currency pairs for day trading.

04 November, 2022

Is MetaTrader 4 a Broker?

For traders relatively new to trading, it is easy to get overwhelmed with a wide variety of new terminologies. It is very understandable if you are overwhelmed with so many unanswered questions. Okay, so you have heard of MetaTrader 4 and also know that you need a broker to place a trade. You may be wondering if Metatrader 4 is a broker in itself. To clear all confusion, you should know that Metatrader 4 is not a broker but a third-party trading platform.

01 November, 2022

Tier one Trading Platforms and Brokers

Tier one Trading Platforms and Brokers

Trading financial markets come with a lot of challenges. Choosing a broker to invest in significantly affects the trading experience of a trader. Many companies claim to offer the best trading conditions to clients. While there are many legitimate brokers in the world, not all of them provide the best trading conditions. This review will look at the online brokers that meet our tier 1 trading platforms criteria.

31 October, 2022

Best Unlimited Leverage Forex Brokers

Best Unlimited Leverage Forex Brokers

Most traders are attracted to the financial markets because of the ability to trade Forex and other CFDs using the power of leverage. In forex, leverage is simply the extent to which you are allowed to open large trading positions with a small capital called a margin. Leverage makes trading very lucrative, but at the same time, it does come with increased risks. There are very few brokers with unlimited leverage as most brokers put a limit on leverage, even if the available leverage is high.

30 October, 2022

Forex Brokers with Best Positive Swap Rates

Forex Brokers with Best Positive Swap Rates

Forex Swap is one of the costs associated with Forex trading. In Forex, a swap is simply the interest you will be charged for leaving a trade open overnight in the Forex market. It is completely different from other trading costs like spreads and commissions. Swap can be positive or negative. In this article, we are assessing the positive swap rates of some of the most trusted forex and CFD brokers.

28 October, 2022

Forex Currency Pairs With Lowest Spreads

Forex Currency Pairs With Lowest Spreads

The spread in forex trading is the difference between the selling price and the buying price for currency pairs. On most forex brokers, the spread is the primary cost of trading. This is how forex brokers make money from trades. Unsurprisingly, the most traded currency pairs involve the lowest spreads in the market. While the spread changes from broker to broker, it is lowest on the most traded currencies. Let's look at the forex currency pairs with the lowest spreads.

27 October, 2022

The Best Pairs to Trade During the London Session

The Best Pairs to Trade During the London Session

London is considered the forex capital of the world. The London(European) session accounts for 43% of the total transactions that take place on the markets. This session is characterized by high liquidity, increased volatility, and low bid/ask spreads on most pairs. While it is recommended to trade during the London session, it doesn't guarantee that you’ll make profits. If you pick the wrong pair, your chances of becoming profitable will be very slim. Choosing the right pair is the most effective way to capitalize on this session. Here are some of the best pairs to trade during the London session.1. EURUSDEURUSD is the most trad...

26 October, 2022

Best Brokers for Scalping Crypto

Best Brokers for Scalping Crypto

As traders, we all have different trading styles and strategies. The choice of strategy might be because of current market conditions or your unique trading style. Scalping is a trading style wherein a trader holds a trade for a very short time (a few seconds or minutes) to catch small profits from the financial markets. As a trader involved in scalping crypto, ensuring that your chosen broker supports scalping is crucial.

24 October, 2022

Best Forex Brokers in the USA For Beginners

Best Forex Brokers in the USA For Beginners

It is no secret that the USA is one of the most active countries in the forex market. The US Dollar is the most heavily traded currency in the world. Additionally, it is the world’s most dominant reserve currency. As expected, many forex traders hail from the US and more are entering the market each day.As such, countless forex brokers are popping up in the market seeking to serve US clients. Unfortunately, some of these brokers do not offer the best trading conditions. In this review, we will list some of the best forex brokers in the USA for beginners. But first, let’s go over some important questions.Is Forex Trading Legal in ...

22 October, 2022

ActivTrades Review - What to Expect From the Broker

ActivTrades Review - What to Expect From the Broker

Founded in 2001, ActivTrades is a CFD broker promising one of the best trading conditions in the market including very tight spreads. Luckily enough, ActivTrades is licensed and regulated by multiple Watchdogs in multiple jurisdictions. These include the FCA (UK), the CSSF (Luxembourg), the SCB (Bahamas) and CONSOB (Italy). In this review, we will look at some of the features that ActivTrades has to offer to its clients. Let’s jump in.General Risk Warning: 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take ...

18 October, 2022

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