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Learning To Trade Overnight Trading Range Breakouts

Posted on 22 , December 2016 in Uncategorized author:

Trading breakouts is one of the most tried and tested methods of trading the forex markets because when the price breaks out of an established trading range, it often continues to move strongly in that direction. Therefore there are some excellent profits to be made.

There are lots of different ways you can trade breakouts. You can wait for a quiet period of the day for instance when the price is barely moving and is confined to a very narrow range, and wait for a breakout to take place, or you can use bollinger bands and wait for them to narrow because this often precedes a strong breakout. However in this article I want to talk about a particular strategy that involves opening ranges.

I’ve been experimenting with this strategy on the GBP/USD and EUR/USD pairs recently and it seems to work very well. What you basically do is to look at the opening hours between 00.00 and 06.00 GMT (or 08.00 if the price is still within this range up until this time) and draw two horizontal lines marking the high and low points for this period.

Then you simply wait for the price to break out and close above (or below) one of these lines and take a corresponding long or short position. This method works well when there is a narrow opening range and the reason it works is simple. Every pair has an average daily range (the GBP/USD is roughly 220 points and the EUR/USD is roughly 180 points according to 2008 figures) so if the opening range is a small fraction of this number, then you know that there are a lot of points to be made either above or below the current opening range.

It’s not a method that can be used every day on a certain currency pair because sometimes the price will move quite substantially in the opening few hours, but it’s well worth putting into practice when the opening range is very narrow.

There are various ways you can actually trade this system. You can either jump in as soon as the breakout bar or candle closes, or if you want to place the odds substantially in your favour, you can wait for an initial breakout followed by a pull-back into this trading range, then trade the subsequent breakout (if there is one) because this continuation pattern is a very profitable signal.

Either way you should find that these strategies (or variants of these strategies) are generally very effective because the price will very often move strongly out of this opening range at some point during the day.

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Dabba Trading

Posted on 21 , December 2016 in Uncategorized author:

As a part of the investor education, it is important to know the good as well as bad practices prevailing in the market. We often read about dabba trading, not being
permitted by the regulators. Many do not know the nmechanics, and also the risk associated with it, till now. Dabba means box and a dabba operator, in stock market
terminology is the one who indulges in dabba trading. His office is like any other brokers office having terminals linked to the stock exchange showing market rates of stocks. However, the difference is that the investors trades do not get executed on the stock
exchange system but in the dabba operators books only. A dabba operator acts as a principal to all the trades and not as an agent of the client. He is a counter party to the
trades, whereas, he should be the Clearing Corporation who guarantees trades on the BOLT/NEAT system. This kind of operation, where trade is kept within the books of
the operator is called dabba in the popular market terms.

A Dabba operator flouts rules and regulations relating to Client Protection, which includes registrations, margins, transaction, execution and settlements. Not only he evades the Income tax regulations, which prohibit dealings in cash, but also service tax rules and many other mandatory requirements.

It may be learnt that the Securities Contract Regulation Act permits securities transactions only through stock exchanges unless the settlement of the trade is done on
a spot basis i.e. the receipt and delivery of shares happen within 24 hours of the trade. But a dabba operator allows the client to carry forward the trade, be it in cash or in derivative segment for a period, not necessarily prescribed by the stock exchange. The cash trade is not settled on rolling basis and the derivative trade may not have a month-end settlement cycle.

In dabba trading, most of the times, neither written contracts are made, nor the bills are issued .The settlement cycles are authorized by the dabba operator, himself. There is no daily mark to market settlement if the trade is in clients favour, whereas losses are extracted regularly from the clients.

This presents before us the picture of an outlaw practicing amidst us, the organized price discovery mechanism of stock exchanges to run an illegal business, while maintaining the faade of a stock market broker. It is a criminal offence, not much different from smuggling or black marketing. As a result, frequent raids are conducted on dabba trading operators in which their computers and records are seized. Those working in his office are also taken in the custody just like drunkards found in the illegal toddy
shop. The Gujarat police has conducted several raids in the past and alerted citizens. Media has also played its role in reducing the menace of dabba trading. Some dabba traders hedge their positions in the market by partly executing the trade in the market,
maybe in their own proprietary accounts or some benami names. Dabba traders disappear when the market goes against them, resulting in huge losses for their clients. The brokers who permit such activity in their branches or even sub-brokers offices are the affected parties. Stock exchanges take complaints against dabba trading very seriously and enforce strict penalties. Even suspension is levied, if stock exchange inspections confirm the complaint.
As Sensex jumps, resulting in the spurt in trading activity, dabba traders bounce back in the business. Hence constant vigilance is required. Most important, people should not patronize such traders.

The clients patronizing such dabba traders may find some short-term benefits here. They do not follow Know Your Client norms; fill cumbersome forms, sign long agreements and requirements like PAN card. Margins are bypassed and leveraging is freely available. Unaccounted cash is used for making payments rather than making payment by cheque. It must be understood that dabba traders are fair weather
friends. They seldom honour their commitments, particularly when market is against them. Dabba shops close overnight, with traders disappearing from the locality. They go to the extent of employing goons for the recovery of losses. In such a case, neither Stock Exchange Arbitration is available to the investor nor there is any access to customer protection funds. The Security blanket provided by the Security Market
Regulations is also not there.

India is a country where the respect for law is scant. Our holy epic Ramayana prophesies compliance of the law. Sita was kidnapped by Ravan because she did not follow the instructions of Lord Rama and crossed the Line. Inspite of our rich cultural past, we demonstrate noncompliance to our children, early in their lives. We notice
parents as well as teachers breaking traffic signals just outside the school campus, as there is no penalty levied. Such small instances showing indiscipline grow leading
to casual approach towards law.

Globally, Indian Securities Markets have earned a Place of Pride. Indian investors have gained a lot from the rising indices. Let us be alert citizens and report all instances of dabba in our locality.

Remember healthy market is the foundation of wealth creation.

Buying gold on the stock exchange?? Impossible, it is a commodity; we have to go to the commodity market. Well, buying gold on the stock exchange is now possible with the eminent introduction of Exchange Traded Fund that will invest in Gold only. ccumulation of gold for a marriage in the family is a popular Indian custom. Instead of physical acquisition of gold or demating the same we go a step forward and buy shares that
represent gold. Let us first understand the concept of Exchange Traded Fund (ETF) then understand about the advantages of buying gold ETF.

EFT is defined as a security that tracks an index, a commodity or a basket of assets like an index fund but trades like a stock on an exchange and experiences price changes throughout the day as it is bought and sold. ETF were first launched in 1993 in United States. Their popularity as a structured product has grown immensely because of the benefits it provides to investors and traders. The issuance of EFT is just like a
primary market IPO or a mutual Fund NFO. Shares are issued by the Fund manager and listed on the exchanges. Investors can buy and sell these shares from the secondary market through their brokers. ETF are often called as index shares, are a hybrid of index mutual funds and stocks. Some popular funds are

ETF nameETF SymbolUnderlying Asset which it tracks
StreetTracks Gold SharesGLDGold
NASDAQ ETFQQQQNASDAQ
SpiderSPYS&P 500

The advantages of a Traded fund shares are :
Tradable and diversifiable: ETF offer a unique advantage as they are diversifiable like mutual funds and also can be traded like stocks. Mutual funds cannot be traded each day like a stock.
Low cost: ETF like an Index fund does not require active fund managed and is therefore cheaper as passively managed.
Transparency: ETF is a very transparent instrument, as everyone knows the underlying asset.
Makes multiple trading strategies possible: Arbitrage opportunities between cash and futures market can be availed at low cost. Trading strategies can be applied with stop loss orders.

The disadvantages are:
Broker and commission costs: ETF are traded through brokers and hence every time brokerage has to be paid which becomes costly affair if regular trades are done.
Premiums and discounts: An ETF might trade at a discount to the underlying shares. This means that although the shares might be doing very well on the bourses, yet the ETF might be traded at less than the market value of these stocks

There are different types of ETF unlike close-ended funds can create or cancel units as investors enter or leave the fund. The size of the ETF, rather than the price, will fluctuate based on the demand and supply for the ETF. There are several ETF launched till date
they can be broadly categorized as follows:
Global ETF: There are ETFs tracking indices beyond the domestic markets. Ex specific regional funds that track fast growing markets in China and Korea.
Fixed Income ETF: ETF tracking fixed income products. ETF in this case may declare and pay dividends.
Commodity ETF: ETF that track commodity or commodity indices take advantage from the gains in the commodity market.
Currency ETF: ETF tracking currency or currencies. Ex ETF- Euro Currency Trust
(FXE) was introduced in Dec 2005 which trades on the NYSE. Hence investors can
take exposure in Euro through this fund.

It is also important to understand the difference between a Mutual Fund and ETF :
Trading in ETF takes place on the stock exchanges during trading hours. The Mutual fund units are however purchased from the Mutual Fund at NAV at the end of the day. The expenses are low in an ETF since there is no active fund management involved as in case of mutual funds. The costs in mutual funds are higher in short term since they are subject to load fees, annual management fees, exit fees etc. These are intended to discourage frequent trading. Dividends are rarely made in EFT whereas there are frequent dividends made depending upon the stocks the mutual fund is holding. As per Indian tax laws redemption amount received from mutual fund units are not subject to tax, however in case of EFT if representing gold, which is a commodity and not stock there would be tax payment in event of appreciation. ETF are regulated by the same authority, which regulates mutual funds. In the Indian context SEBI is the regulator.

ETF is not a new concept in India. There have been two ETFs launched in India one is based on Sensex which was called Spice and another was launched with Nifty as
an underlying asset, it was gold Nifty Bees. However both these instruments failed to attract the attention of investors. These instruments allowed the investors to buy index in the form of shares. The investors apparently preferred to buy shares included in the index directly by buying index baskets or purchased index in derivatives
markets.

Falling interest rates has forced Indian household to look at other classes of assets to hedge their portfolios as well as improve the yield on their basket of assets. Given
the fascination for gold among Indians the current launching of gold-based EFT has obvious advantages. Gold can be bought like a share on stock exchanges; storage will be done by the Fund manager, no security risk, no impurity risk, and no cost of making charges. Costs will be low and same channel of trading and delivery like shares will be used. Innovation of products in Indian markets is welcome. Time will tell whether despite obvious advantages Indian savers will continue to buy gold from jewelers and banks or from the stock exchanges.

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The Importance Of Binary Options Trading

Posted on 20 , December 2016 in Uncategorized author:

The stock exchange can be a pretty dangerous place, financially, but with potentially huge gains, also financially. An easy way to start is using binary options trading because binary options trading is very easy to use! Binary options trading is safe too! The concept involves buying into ‘stocks’ of a company, which means that you by some shares (You can buy shares through binary options trading!), which in turn means that you own a percentage of the company and are entitled to a certain percentage of the gains of the aforementioned company (You will know it all when using binary options trading!). However, this can be a risky business as using binary options trading there are no risks!
Binary options trading is riskless! If you buy into certain companies and they flounder, then you lose everything that you have invested into the company. The opposite may be said too (Dont worry if you use binary options trading you will have 0 risks!) Binary options trading is that safe! What happens if the company goes into debt, and has no capital left to pay it (You will not have to worry about this if you use binary options trading)? Perhaps, as an owner of the company, you will be asked to help in paying these debts so the company can get back onto its feet. (You will never go through this is you use binary options trading!)
Investing your money is not risky if you use binary options trading. Some people are interested in beginning their own stock portfolio (Use binary options trading!), or trading stocks because they’ve heard of how much money you can make through this practice (Binary options trading will help you make $). But at the same time be aware of the potential loss. However, in 2008 a different type of exchange was created, and this exchange is called the binary options trading. In binary options trading, the binary options trading investor is offered a much simpler way of investing their hard earned money in a yes or no environment. Unlike other ways binary options trading is easy whereas other ways are more complex. Binary options trading has only 2 possible outcomes: yes or no.
Yes or no? you may ask (never lose money with binary options trading!). Well, yes! You see binary options trading is an important new facet of the stock exchange in that it offers potential investors a simplified system, dictating that potential investors no longer need to be learned and/or experienced in the field of finances. Binary options trading works like this: you find something that you want to invest in, and then find a broker that will allow you to invest in this area of the exchange. Then you either make a call or a put. If the stock or bond or whatever you invest in follows your prediction with binary options trading, then you make money on it. So, use binary options trading and start to make money.

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The Best Trading Style For Any Market

Posted on 19 , December 2016 in Uncategorized author:

As a trader, you have available at your dispose many styles of trading, regardless if you prefer stocks over FOREX or options over futures. There really isn’t any other business in the world that offers what trading does. However, this doesn’t come with some risk. Trading by its very nature is risky, so it would make sense to evaluate the different styles of trading to see which one increases your odds. As a trader you need a trading style which gives you the best possible trading odds. Such a style that offers this is that of swing trading. This style of trading can be applied to almost any market and offers you the best chance to be a profitable trader.

There are two main reasons why swing trading is the best trading style for almost any market worldwide. The first is you’ll have more free time to do other things as swing trading doesn’t need you to be awake 24 hours a day waiting for a trade setup. Many people become obsessed with trading and watch their charts day in and day out. Typically, this kind of trading doesn’t help at all and instead ends up with blown up trading accounts. There is no need to wait in front of your monitor all day just to place a trade. The benefit of swing trading is the freedom that it gives you away from the computer. Entering and exiting trades doesn’t mean you must be near your computer all day.

In addition to trading freedom, swing trading is extremely low risk. Swing traders see the big picture. This can’t be said for other styles of trading which are cluttered with small time frames and the noise and false trading signals. They usually observe markets from the higher timeframes and can see major trends much more clearly. Trading low level timeframes is difficult as the trends come and go much faster. Such trends can be difficult to trade because they are so short. Trading higher timeframe trends usually gives a swing trader several days ot usually many months to make a profit. By being able to trade in the direction of these major trends, returns on your investment are increased greatly while the chance of a loss is reduced significantly.

Each person has their own style of trading, but if you are looking to gain an edge over the markets, no matter the market you trade, then swing trading should be something you look at. Swing trading has been used with great success by professional and corporate traders around the world for years. It would make sense that private traders should adopt this style based on how effective it has been proven to be. This style of trading offers the absolute highest levels of returns with lowest risk. No other trading method can offer higher returns without high levels of risk. Swing traders usually follow the smart money thanks to their preference of trading higher timeframes and only trading in the direction of the trend.

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Successful Trading Requires A Checklist – Phil Storer Recommends A 3-part Evaluation

Posted on 19 , December 2016 in Uncategorized author:

Long-time stock and commodity trader Phil Storer says using a checklist in trading helps you learn from mistakes so they aren’t repeated and also builds good habits that result in success over the years.

I’ve found that in order to enhance discipline and consistency it’s very helpful to create a checklist that is specific to your method and suitable for your trading personality, says Storer, who is based in Dallas, Texas. Long-term returns will likely be disappointing unless you stick to a regimen, he adds.

His own willingness to buckle down and keep a checklist followed a series of market beatings that were his reward for a lack of discipline, he says.

Storer’s checklist, explained in Chalk Talks for Traders Easy Xs and Os from a Proven Market Pro, has a three-part agenda including a pre-trade evaluation, making the trade itself, and then a post-trade analysis, or a look back. His generic list is intended to help traders develop ideas to customize lists of their own.

Keeping track of how each trade plays out will help you understand that trading is an exercise in probabilities set in a random environment, Storer says. We constantly strive for perfection. Unfortunately, we are participating in a contest that wont allow it. If we blame ourselves for what we think is failure, the result will be personally degrading and will lead to even more failure.

Instead, it’s wise to take a proactive approach along the way.

In a pre-trade evaluation, you ask what is the direction of the market’s trend? Where do I enter and what is my profit potential? What is my risk and does the potential justify it? Can I afford that risk?

As for the trade itself, you should ask: what is my plan for entry? Have I placed a protective stop (which is mainly used to limit market risk to a specific amount)? Where should it be? Has anything happened to justify moving that stop? Also, have I placed a priced order at my target price?

In the last phase– or the look back– you might be tempted to pass on performing an evaluation if the trade was a winner. But you should still decide: did I get my target price? And if not: why? Also, did I manage my protective stop correctly? What would I do differently next time?

If the trade lost money, you can learn from it by asking: did I get too close with my stop? Did I exit because of emotions? Was the target price hit? Was I in line with the trend?

Storer says his book and checklist offer some of the best tools for trading you’ll ever find in one place. The point of the list is to help traders build good habits, which are especially needed when trying new strategies. He adds, you, the trader, are in charge of your level of success in the end.

Storer specializes in customized plans to meet clients’ requirements, using the discipline and techniques that have directed his own buying and selling over the decades. He is also the author of Tricks of the Futures Trade, A Guide to Futures Trading by a 25-year Survivor.

Storer is the director of trading for the commodity division of Dillon Gage Inc., a full service brokerage firm based in Dallas, Texas.

For a review copy of Chalk Talks for Traders Easy Xs and Os from a Proven Market Pro, or to arrange an interview with Storer, please contact: Jo Trizila, TrizCom, at (972) 247-1369 or (214) 232-0078.

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Benefits of Getting Trading Tips

Posted on 15 , December 2016 in Uncategorized author:

Commodity Trading has emerged being an investment portal that will focus on the requirements of even individuals with a modest capital, yielding substantial profits within short amounts of time. Some may be from the opinion that commodity trading is really a risky business rather than ideal for a typical individual however that any venture is really as hazardous while you would give it time to become. However, in these instances, some facilitative tips can be a brand new lease of life to particular investments that could be at the potential risk of facing foul weather.

Intraday trading describes trading potential inside the day which is particularly incident on the requirements of short-term investors looking to create a quick buck at the end during the day. Such investors benefit from short-term price fluctuations of stocks and ETFs. Availing free intraday tips can prove more beneficial than deemed simply by making your day’s trading both profitable and hassle-free. Using the huge selection of web portals serving such requirements, traders think it is incredibly easy to profit from such free advice and do’s and don’ts.

Equity trading have been long regarded as a significant boost to one’s capital. But growth of interest for readily available commodities has opened new ventures inside the market scenarios. Commodity is definitely an readily available substance in which immense market activity is noted regularly. Commodities come as energies, which includes oil, propane, gas, coal etc. metals, like silver, gold, iron, copper etc., grains, probably the most actively traded commodity in India consists of sugar, soy beans, wheat, rice, corn etc., softs that include ‘non volatile’ commodities coffee, sugar, banana, cotton etc., meat, the very least volatile of commodities and financials, like bonds, FOREX, Poor 500 etc. The arrival of these market activity implies that the marketplace has immense potential and when resourceful help is duly provided, trading in commodities can prove greatly lucrative. This is when our web portal is available in. Our premier sectionalized commodity performance update like Metal, Agriculture and Equity performance equip you using the best available tips and current updates on market activity in the specific zones.

The most known commodity exchange bodies identified by the federal government of India are MCX (Multi Commodity Exchange of India Ltd.), National Multi-Commodity Exchange of India Limited (NMCE) and National Commodity & Derivatives Exchange Limited (NCDEX). In this competitive market as today, we make sure you place the best foot forward in every buying/selling decisions you are taking. Our web portal offers the most expeditious services within our area. A trip to our website will make sure you probably the most substantial of MCX tips, NCDEX Tips, Intraday Tips and general trading tips.

Marketing research reports show an escalating desire for Silver and gold Trading. Even during villages and towns today, gold is considered a much better investment opportunity than bank deposits in saving. Earlier, gold was once physically purchased and sold to wield profits from the selling/purchase. Today, however, gaining take advantage of gold’s price volatility, one do not need to horde up gold literally using the introduction of commodity future markets. In these a surgical procedure you can simply bet on the future cost of gold on the pre decided date, some time and place. Keen observation from the market trend and gold prices, you can extrapolate and choose a cost. With gold future markets, correct suppositions prove more profitable compared to the physical market for gold.

In almost any or all the above mentioned trading instances, our website ensures quick, appropriate and updated services.

http://mcx.freetips.tips – An Online portal for free mcx commodity trading tips, mcx support, lme inventory report, Gold Tips, Silver Tips, Copper Tips, Crude Oil Tips, Zinc Tips, Lead Tips & Natural Gas Trading tips free. Get Free Mcx Tips from Experts to Trade Intraday in Commodity Market of India

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Earn Profits From Your Investments By Trading In Forex

Posted on 13 , December 2016 in Uncategorized author:

Trading in forex or foreign exchange market is done through currencies. One currency is traded against the other. Profit or loss is measured with respect to the fluctuations in the price of one currency against the other.

Investments made in foreign exchange trading are considered to be extremely profitable because their supply and demand fundamentals are more predictable due to their macro-economic nature. Till 1995, this form of trading was only open to the multinational corporations and banks. However, the growth of Internet and the availability of trading resources have allowed general investors to invest here.

Unlike stock or share markets, foreign exchange trading is conducted electronically. There is no central location from where the trading is controlled. This makes it possible for anyone from any part of the world to trade round the clock, for five and a half days a week. Forex market is considered to be the most liquid and largest financial markets.

Of course, this is not too difficult to understand considering the importance the currency trading has in international financial scenario. According to a report published not too long ago, an average of U.S. $2,000 billion is traded per day. Investments are made and trade occurs through a vast network of computers based in the important financial centers of the world including London, Zurich, Hong Kong, Singapore, New York, Frankfurt, Tokyo, Paris and Sydney.

There can be three categories of forex traders individuals, financial institutions and corporations and they trade in either spot, forward or futures market. Before the advent of electronic trading, futures used to have great popularity among the individual traders. At present, however, it is the spot market that has grabbed the spotlight away. The institutions and corporations have taken to the forwards and futures for making investments.

A brokerage firm will allow their clients to invest in forex market by opening a trading account, a demo account or a PAMM account. Noteworthy among these three is the PAMM account or Percent Allocation Management Module, which is considered to be the most profitable and safest accounts to start trading in. A demo account will help a new trader to acquire the skills of forex trading in risk-free, real market conditions.

If you agree to trade in currencies through a PAMM account, then you can choose either a single or more than one manager to trade in this account. This choice will depend mostly on the managers profit standing, stability in operations and how much profit they charge. After the trade is complete and profits attained, the investor gets his share and the manager settles the account. Hence investments made through a PAMM account is considered to be more stable and assured way to earn profit.

The first and most important step in forex trading is to find the right broker who will be able to guide you through and ensure that your investments are safe and profitable. Understanding the basics of trading in currencies will help you to decide your terms. You will be better positioned to deal with brokers once you are aware of the intricacies of this market.

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Psychology Towards Forex Trading

Posted on 11 , December 2016 in Uncategorized author:

Do not believe in traditions because they have been handed down for many generations.
Do not believe in anything because it is spoken and rumoured by many.
Do not believe in anything simply because it is found written in your books.
Do not believe in anything merely on the authority of your teachers and elders.
But after observation and analysis, when you find that anything agrees with reasonthen ACCEPT it
-The Buddha

Well, I am not here to discuss the golden words of The Buddha, but a good thought applies everywhere, no doubt. Even in the forex world! Isnt it?
Success in the forex trading is not about how much profit have you made here; its all about how do you take your losses to convert them into the profits!

Be yourself in forex trading
This simple magic line in forex says that, you dont need to follow anyone, make a unique plan, and design a strategy of your own. Everybody has a different perception of everything and so it isn’t necessary for the same rule to be applied on your technique of trading. Forex trading is very uncertain; no one can predict where market will move! But of course, experts view should be always welcome who know and observe the market much better.

Congrats! If you have lost one more time in forex trading
It means you are going to add one more point in the list of dos and donts in forex trading. This is the list you should be preparing by your own experience in this business, only yours, not other’s!
You are not a loser until and unless you feel the same for you

Oh yes, this is the.I knew it!
Dont try to speculate the things like this; you are a Trader so try to adopt certain principles and disciplines. You should not be impatient in forex trading. Observing situations like this is an example of short term scalping and an un-matured trader. Now what is needed in forex trading?
You need knowledge, practice and Time.

Let a magician turn his stick and you will hit the market
Wow! Things look so easy. But let me help you figure out one thing. If you win by coincidence and luck, you will say predictions working here. But if you lose, you say once again its my bad luck! The point is, if this is a simple future predictors game, then why they dont earn if they were very obvious about the future price movements. Its all crap! For earning profits here, you need to adopt certain trading strategies. Once you use these strategic trading disciplines, you will not only make money, you will earn knowledge and experience for sure. This knowledge gained will definitely increase your confidence in trading which will help you know the market better and in turn take decisions accordingly.

The same market that makes you poor makes you rich too
The markets where traders face loss, same market make them a successful forex trader too.
I am rich so I am successful too?
Let me ask you one question. Are all the successful traders very rich? Have they never lost? Well, the answer is a big No. Even the successful one had faced loss in more than half of the trades. Here a successful Forex trader means, how much knowledgeable he is? How well has he observed the market after practicing here since so many days?

They are the traders who expertise in Forex Trading. One should either call them rich because of profits or call them a learner because of losses.

Just the right attitude here makes you unique!
Good luck traders…happy trading!

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Stop Trading Ivory Tusks in the World

Posted on 9 , December 2016 in Uncategorized author:

Elephant’s continue to suffer a lot whether alive on even after natural death. The hunt for their tusk which has now been abolished all over the world to help conserve their number still continues. The ivory merchants are corrupt, ruthless and greedy people out there to cash on every tusk and continue with this illegal trade. In Kenya a recent seizure of over 300 pieces of tusks weighing around 2 tonnes was netted on transit at Jomo Kenyatta International Airport. This is a very great loss to the country and the entire continent.

Elephants tusks netted were believed to have collected from about 150 elephants that had died of natural causes over the last 20 years. However it’s worthy noting that none of the tusk had the mark of the Kenya government meaning none of its stock was involved. The tusks might not have been from Kenya and the owners were probably transiting them through Kenya. There is great market in China, Hong Kong and Thailand where they are used to make jewellerly, charms and other medicinal concoctions that are later sold expensively.

Elephants poaching is highly discouraged and there are usually heavy penalties to anyone caught practicing the behavior. This was the highest contraband ever netted in Kenya by the authorities and other forces. The country lost around 47 of the animals in 2007, 94 in 2008 and more than 200 in 2009, a factor attributed to poaching. The country loses about 200-300 elephants every year due to natural deaths. Of late many African countries have joined forces to stem out the vice that threatens endanger Africa’s best wildlife.

Dickson is the Chief Tour Guide and one of the Directors of Adventure Africa Expedition, he has traveled in many countries in Africa where he built the spirit of adventure and discovered nature hidden wonders in especially tailored walking trails like in Kisoro in Rwanda and Bwindi in Uganda both for Gorilla tracking. For more information on his work please visit http://advenafrica.com/index.htm

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