About Eduard Melkostupov

Works in Market analysis. With FBS since 2021.

Education & Work

Diploma in economic security.
Professional retraining course as a translator in the field of the professional sphere.

About Eduard Melkostupov

Mr. Melkostupov started his career as a cryptocurrency investor back in 2017 and witnessed the biggest ever cryptocurrency market pumps and dumps. In the following years, he was focused on obtaining more knowledge about the nature of the markets around the world. In 2020 he started to trade stocks and cryptocurrencies. A year later he wrote a paper about cryptocurrency and its impact on the financial markets of different counties. It makes no difference for him what to trade, the only thing that matters is the deep understanding of characteristic features of the asset. Mr. Melkostupov’s trading ideas are based on macroeconomic events, smart money flows, and technical analysis. His favorite tools are RSI, support and resistance lines, and Fibonacci retracements and expansions.

Latest content

12.05.2022 17:35

How to Avoid Inflation: 7 Inflation Hedge Tips

Inflation doesn't come from nowhere. There’s always a reason for it to occur. Moreover, it’s often happening because of human mistakes and biases.

30.03.2022 11:45

Opening range breakout trading strategy

Hello traders! Trading strategies are essential for any profitable trader as they give the needed consistency in making decisions.

08.02.2022 10:45

Cryptocurrency pairs trading: definition, explanation, and example

Cryptocurrency is all around us. More and more companies have started accepting crypto as the means of payment (Tesla made so with Bitcoin in Spring 2021 and Dogecoin in January 2022).

02.02.2022 12:00

Drawdown in Trading

Most (if not all) traders want to rule the market. It would be perfect not to have a single loss, unwise decision, or emotional trade. Unfortunately, it is impossible to forecast every market movement and trade without mistakes.

25.01.2022 14:45

What is after-hours trading, and who can trade after hours?

I wish every asset would be like cryptocurrency, not because crypto can jump 100% a day and immediately after that slump by half of the growth (it is still funny, though).

22.12.2021 12:50

How to Make a Profit in Crude Oil Trading?

There are thousands if not millions of assets in the world, starting from the well-known euro, dollar, gold, bitcoin, and others.

18.10.2021 17:48

Is Ross Hook the Most Powerful Price Action Pattern?

Some traders try to prove technical analysis to be wrong and unprofitable. But we want to show you the Ross Hook, the pattern, that is proven to be profitable for 32 years already.

18.10.2021 11:07

How to Find a Short Squeeze

Do you remember the growth of Tesla stock in 2020? Or how about GameStop soaring 10 times in mere weeks? This is neither an “organic growth” nor a market manipulation. These events are called “Short squeezes” and I will show you how to find one and earn on it!

15.10.2021 11:15

What is a short sell in stocks?

The financial market, just like any other market, is working because someone wants to buy something, and someone wants to sell it.

16.05.2022 14:58

Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

13.05.2022 12:19

What to trade on May 16-20?

Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!

11.05.2022 17:55

China Shatters World Economy

A four-day lockdown turned out to be two months of complete isolation. Factories are frozen, supply chains are under heavy pressure, and the future is gloomy. Find out how to trade in times of crisis in this article!

05.05.2022 15:36

Fed Pretends to Control the Market

On May 4, the US Federal Reserve revealed the federal funds rate for the next two months. Even though a 50 basis points hike was widely expected, the future is not so clear. Let’s figure it out bit by bit!

27.04.2022 17:31

Best Stocks to Trade This Earnings Season

There is a period every stock trader loves the most due to significant movements, increased volatility, and, possibly, big gains. Open your trading apps and be ready to act! Earnings season comes four times a year and we crave to share our expectations with you.

12.04.2022 15:45

Cryptocurrencies that will explode soon

Every investor knows that the best time to buy is now.

31.03.2022 12:01

Catch the Stock Market Rally!

There are several amazing trading opportunities on the stock market. Read the article and catch them all!

25.03.2022 14:28

Trade ideas for March 28 - April 1

Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!

04.03.2022 15:43

What to trade next week?

Last week was truly unforgettable, filled with geopolitical tensions and changes of market sentiment. Russian ruble lost 40% against dollar amid sanctions from EU and US. Brent oil soared to almost $120 a barrel, a 10-year high for the commodity. Chinese stocks are near the covid crash levels. Let’s dive into the market together!

28.04.2022 09:55

US PCE Adds Fuel to the Fire

The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on April 29, 15:30 GMT+3.

27.04.2022 09:00

GDP Release Scares the Dollar

United States Bureau of Economic Analysis will release Gross Domestic Product (Advance GDP) on April 28, 15:30 GMT+3.

26.04.2022 09:50

Australia to release quarterly CPI

Australian Bureau of Statistics will release the quarterly change in Consumer Price Index on April 27, 16:30 GMT+3.

23.03.2022 09:55

European Economy Is Shaking

Germany will release the flash Purchasing Managers’ Index (PMI) on March 24, at 10:30 MT time (GMT+2).

22.03.2022 09:00

The UK Awaits High Inflation

Britain’s Office for National Statistics will release an annual change in Consumer Price Index on March 23, at 09:00 MT time (GMT+2).

10.02.2022 09:20

You Need to Watch After the GDP Release in Britain

Great Britain’s office for national statistics will release preliminary gross domestic product (prelim GDP) on February 11, 9:00 GMT+2.

09.02.2022 08:50

CPI is Moment of Truth for the Dollar

United States Bureau of Labor Statistics will release monthly CPI and core CPI on February 10, 15:30 GMT+2.

08.02.2022 09:40

First Oil Release After OPEC Meeting

US Energy Information Administration will reveal Crude oil inventories on February 9, 17:30 GMT+2.

21.01.2022 15:00

Is European Economy Healthy Enough?

Germany will release the flash Purchasing Managers' Index (PMI) for manufacturing and services industries at 10:30 GMT+2 on January 24.

01.09.2021 19:06

Currency strength

Currency strength is an abstract representation of the strength or weakness of currencies in the Forex market. Traders can use currency strength to predict currency movements when looking for the best trading opportunities. This is an excellent additional signal or filter in Forex technical analysis.