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

MyLifeChange247 Review - Comprehensive Scam Test

MyLifeChange247 Review - Comprehensive Scam Test

MyLifeChange247 promises to make your dreams come true. Is this system legit or is it just another shameful scam? Find out in the following review MyLifeChange247 is represented as a community of people who help each other to achieve their dreams. So basically you make a donation in Bitcoins or in fiat currency, you wait for 1 to 6 months and then you should receive money from other community members. MyLifeChange247 is also known under the shortage MLC247.MLC247 - 75% monthly compounded growth - Come on!MyLifeChange247 promises unbelievable 75% monthly compounded growth. I think right there you should know that this h...

05 November, 2017

Five Winds Asset Management Review - a Scam test

Five Winds Asset Management is a consulting company offering investment services. Whether they are a scam or not can be found in the following review. Belgium’s financial regulator FSMA warned us on the 02/10/2017 against Five Winds Asset Management. Not only that this company is not regulated in Belgia where it offers its services, it is also not regulated in any other country.According to FSMA they illegally conduct their services in the country and they sell investment packages with unrealistic returns. Five Winds Asset Management provides no information who is the owner of the company. But from what we could find i...

03 November, 2017

Greenfields Capital Review - Comprehensive Scam Test

Greenfields Capital Review - Comprehensive Scam Test

Greenfields Capital is a new binary broker that was established in 2017. Today we are going to have a closer look whether this company is a scam or not. Greenfields Capital is not a licensed company and therefore its operation is illegal. So be extremely careful if you decide to trade here. The minimum deposit for opening a new account is $250. The minimum investment is $5. The broker does not operate internationally, so they provide only platform and support in the English language.Trading platform of Greenfields CapitalThe company uses famous SpotOption platform which offers classic High/Low binary options, ladder and one-touc...

21 October, 2017

Steve McKay's BitCoin Code Scam Exposed

Steve McKay's BitCoin Code Scam Exposed

BitCoin Code is a new auto-trading software that promises $13, 000 in 24 hours. However, as you are going to find out, it is just an outrageous scam that we are going to expose in the following review. Bitcoin is very popular these days and that is what BitCoin Code uses to make a profit. It claims to have a software that has 99.5% accuracy which makes it virtually impossible to lose. Reading this statement, anyone with a little bit of common sense should know that BitCoin Code is a scam. In this article, I am going to show you what are my reasons for making such accusations.BitCoin Code is for a limited number of peopleIn the of...

11 October, 2017

Fibonacci trading explained - How to draw Fibonacci levels

Fibonacci trading explained - How to draw Fibonacci levels

It is well known that every market moves by impulses and setbacks, whether index, commodity, currency or stock. No matter the title of the asset, all have a similar pattern in terms of trend building. Given this behaviour, it is necessary to study the similarities offered by price movements over time.The corrections and the impulses or sections have a certain historical harmony that obeys an order that can be delimited with the backs and projections of Fibonacci. To understand this, we must first define what or who is Fibonacci and what its possible use in the world of trading. Fibonacci was an Italian mathematician (c. 1170-1250...

31 August, 2017

IQ Option FREE Demo Account

IQ Option FREE Demo Account

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 free unlimited demo account without an initial deposit. The creation of a demo version at IQ Option is a matter of a few seconds, in this article we will explain to you how to open a demo account and all the features that it has.How to get a FREE IQ Option demo accountThere is an easy way of getting the IQ free demo account, here are the steps:1# STEP - Visit page https://iqoption.com/en/demo (Risk warning: your capital might be at risk)2# STEP - Click "Get Started for Free" and fill in yo...

21 August, 2017

How Binary Brokers make money – Understand the game

Binary brokers are definitely not a charity. Understand how they make money and top up your game against them. The difference between your investment and payout you getMost income which is generated by binary brokers comes from the difference between your investment and the payout they offer to you in a case of a correct prediction. If we demonstrate this on an example it may look as follows. Trader A creates an oil trade in which he predicts that the price will be higher in 15 minutes than it is now. Payouts that are offered on this asset are 80%. Another trader B might predict that the prices of oil will most likely be dow...

Money management tips and strategies to a long-term profit

Without setting a money management strategy you significantly risk an early loss of your capital. That is why I very strictly recommend you not to make the number 1 mistake that almost every beginning trader does. Learn how to minimise the risk of loss and use your capital to the fullest potential.An efficient trading plan which is profitable in the long run always consists of a money management strategy. MM strategy, however, is not the type of a strategy that you use to predict price moments of underlying assets. The primary task of MM strategy is to protect trader’s capital in order to give him the opportunity to survive on th...

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...

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All information on this website represent subjective views of the authors and they are solely informational. We do not give investment advice. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the TradingBeasts website. When you trade Forex, CFDs or other financial instruments you are exposed to a high risk of loss. We review and rate companies offering trading platforms for Forex, CFDs and other financial instruments. We do our best to warn people about scams and promote only companies we personally consider to be very good. From some of these companies, we may receive compensation. In order for you to use this website in any manner, please read our disclaimer/disclosure page and privacy policy

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