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

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

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...

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...

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...

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Founded in 2016, TradingBeasts helps individual traders choose brokers and trade more responsibly across forex, crypto, and other markets. We trade the markets ourselves and open live accounts with many of the brokers we cover. We review brokers in depth, covering their platforms, features, and costs, and compare them side by side.

We publish educational content and market news. Because we follow brokers year-round, we keep track of promotions, partner codes and rewards that traders might otherwise miss.

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All information on this website represents 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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