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.
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.
Opening range breakout trading strategy
Hello traders! Trading strategies are essential for any profitable trader as they give the needed consistency in making decisions.
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).
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.
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).
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.
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.
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!
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?
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!
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!
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!
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.
Catch the Stock Market Rally!
There are several amazing trading opportunities on the stock market. Read the article and catch them all!
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!
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!
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.
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.
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.
European Economy Is Shaking
Germany will release the flash Purchasing Managers’ Index (PMI) on March 24, at 10:30 MT time (GMT+2).
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).
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.
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.
First Oil Release After OPEC Meeting
US Energy Information Administration will reveal Crude oil inventories on February 9, 17:30 GMT+2.
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.