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
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 to use currency correlation in Forex & CFD market

All markets are somehow connected with each other. That means if one market goes up there is a high probability that there is also a market that will reflect this situation and will go up as well. But to understand how the markets correlate, you need to know the connection between these markets. Towards this very purpose, we use currency correlation tables in which we can find out how certainly one market will influence the other.What is correlation?Currency correlation is the measurement of the relationship between two currency pairs resulting in a correlation coefficient. So basically how certain it is that one market will have...

CFDStocks.com review - broker to trust or a scam to avoid?

CFDStocks.com is a binary options broker that uses the famous SpotOption platform. But can you rely on this company? Read our detailed scam test review. CFDStocks is an unlicensed broker that is not regulated by any regulatory body. That means that all deposits made here are not insured in any range (CySEC licensed brokers are protected up to 20 00$ from bankruptcy). The broker showed up on the market for the first time in 2016, so it does not have a very extensive background. Let's have a quick look at their basic offer.Websitewww.cfdstocks.comRegulated by:-Minimum trade:5 USDMinimum deposit250 USDDemo account-Types o...

How to look for interesting stock trade opportunities – Finviz.com

How to look for interesting stock trade opportunities – Finviz.com

There are hundreds of stocks on the market which makes it very difficult to choose which ones to watch. For that reason, I have decided to introduce you to the web finviz.com, which I use on a regular basis to find interesting trading opportunities. It is a website service where are the main and most important functions free of charge. When you visit the website, you can immediately see a few highlighted stocks which are sorted out into Top Gainers, Top Losers, New highs, New Lows and several others. For now, we will not concern ourselves with them and we move to the tab "groups".How to identify strong sectors - Finviz.com groups...

Simple, yet effective strategy with stochastic oscillator

Simple, yet effective strategy with stochastic oscillator

By using illustrative examples we will teach you a simple trading strategy just by applying a stochastic oscillator. Stochastic Oscillator (or indicator) shows us when the market has the tendency to turnover. The indicator ranges from level 0 to 100. Usually, the oscillator has pre-set 2 horizontal lines, which are located on levels 80 (green line), 30 (red line). We won’t bore you with some unimportant facts about stochastic oscillator. We will be rather moving straight on one specific strategy which I have been using for quite some time with huge contentment.Adding stochastic oscillator into the chartFirstly, we sele...

IQ Option VIP Account Review - Discover All Its Benefits

IQ Option VIP Account Review - Discover All Its Benefits

The IQ Option VIP account is a special account type for advanced traders who are looking for intriguing trading benefits. The VIP status can be claimed only by traders from non-EEA countries (Countries outside the European Economic Area)More info: https://iqoption.com/en/VIP (Risk warning: your capital might be at risk)The conditions to get the VIP status differ depending on what country you are a resident of. Here are a couple of countries and the conditions that apply there:Bahrain, Kuwait, Qatar, Saudia Arabia, United Arab EmiratesVIP status can be claimed if you fulfil both of these conditions Make deposits of $2 000 or an e...

Trading forex in the United States: Laws & Limits

[vc_column width="3/4"]Just because the Forex market is decentralised does not mean it’s the wild west, and there are laws that govern the industry. In charge of enforcing these laws are the financial regulators, and every country has its own regulator. In the US, 2 bodies ensure the Forex market remains fair – the CFTC and the NFA.Forex brokers are supposed to be registered with the CFTC and acquire a license from the NFA before operating in the US. Each Forex regulator operates within their country, and they are free to create and amend laws governing Forex trading as they see fit, even if their laws are different from other re...

Hong Kong: Binary options trading - Regulation

[vc_column width="3/4"]This page is dedicated directly to visitors from Hong Kong who might be interested in Binary options trading. Before we explain to you how to trade binary options we want you to know all the legal information that apply to traders from HK.Binary options Hong Kong - regulation & legal informationThe first thing you might want to know is whether it is legal to trade binary options in HG. I have good news for you, yes it is. The only regulatory body for binary options and forex in Hong Kong is SFC (Securities and Futures Commission). It is a good thing to check on SFC.HK whether a broker that you want to t...

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...

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