Michael Kuchar

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
  • 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

Is Forex Trading Halal or Haram According to Islam?

Is Forex Trading Halal or Haram According to Islam?

[vc_column width="3/4"]The issue of whether online forex trading is halal or haram according to Islam is a very controversial one. Controversial, because there does not seem to be a uniformity of opinion among many scholars on the issue. But what is the basis of the argument?The argument usually centres around whether forex trading constitutes a form of investment whose returns can be classified as usury. However, there is a lot more that is involved and this article will attempt to shed some light on the matter whether forex trading is halal or haram. It is pertinent to note that the writer is not a Muslim and views expressed he...
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12 May, 2020
Forex Trading in Kenya - Basics, Regulation

Forex Trading in Kenya - Basics, Regulation

[vc_column width="3/4"]Forex trading in Kenya has assumed great importance because of the technological and regulatory advances that have been made there as far as financial market operations are concerned. Kenya is located in East Africa and is considered the most advanced economy of the region. Kenya’s e-payment revolution is well known, being the first country to push mobile payments to the forefront of economic activity not just in the region, but in Africa. These advancements have allowed the forex market to take a solid hold in the country.Overview of the FX market in KenyaKenya’s forex industry operates within the confines...
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02 May, 2020

IQ Option Volet - Deposits and withdrawals

IQ Option supports Volet deposits and withdrawals in nearly all countries outside EEA. In this article, you are going to find out in what countries IQ Option accepts Volet and how to deposit and withdraw money via this popular funding method.
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11 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

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

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

KVB PRIME Review – What to expect from the broker

KVB PRIME is a Forex and CFD Broker that features on its trading platform currency pairs as well as CFDs on metals and energies. KVB Prime (UK) Limited is regulated and overseen by the Financial Conduct Authority (FCA) in the United Kingdom. The broker charges on EUR/USD spread 1.6 pips*, real trading is possible with a minimum deposit of $100. What do we cover in our KVB PRIME Review?[toc][ecp code="general-warning"]Basic information about the broker Website address: www.kvbprime.co.uk Leverage: up to 1:25 Instruments: Forex, CFDs - metals, energies Minimum deposit: $100 Demo account: N/A Methods of deposit and withdrawal:...
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14 October, 2019
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