Logo of Phnom Penh Post newspaper Phnom Penh Post - Derivatives market remains profitable as other sectors hit by Covid-19

Derivatives market remains profitable as other sectors hit by Covid-19

Content image - Phnom Penh Post
Golden FX Link Capital business manager Nhim Kosol

Derivatives market remains profitable as other sectors hit by Covid-19

The Covid-19 pandemic has harmed several key economic sectors in the Kingdom since the outbreak earlier this year.

While the measures taken certainly helped curb the spread of the virus, many industries were hit. Revenue-generating sectors in the Kingdom such as real estate, tourism, restaurants, hotels, aviation and exports, among others, have suffered heavily as economies around the world contracted amid the crisis.

The local economy reeled under pressure too as the jobs market shrank after industries slashed production, which led to a dip in household incomes.

Many businesses switched to online platforms to maintain their commercial activities and offered their services without major disruption. This allowed their employees to work from home as these companies continued to service their clients remotely.

The Cambodian derivatives market was insulated as it allows investors to trade on derivative products such as foreign currencies, gold, silver and crude oil via a high-tech trading platform that is recognised by the Securities and Exchange Commission of Cambodia (SECC).

While the derivatives market offers many different opportunities to generate profits, knowledge, skill and experience are all important elements when it comes to investing in this sector.

Investors should identify and mitigate risks to a very low level according to their investment strategies. Risk management also necessitates the proper selection of a derivatives brokerage firm and an approved derivatives representative, one licensed or accredited by the SECC.

With a brokerage firm such as Golden FX Link Capital and a derivatives representative can assist potential investors in analysing market volatility and provide expert investment advice to equip investors with professional trading know-how so they can make prudent investment decisions.

MOST VIEWED

  • All inbound flights set to face added scrutiny

    Ministry of Health spokesperson Or Vandine said on Monday that the ministry is monitoring all inbound flights, after it was announced that only those from Malaysia and Indonesia will be temporarily cancelled from August 1. Vandine said on Monday that the two countries were identified as

  • Flights from Indonesia, Malaysia cancelled

    A Ministry of Health official has warned of the possibility of Covid-19 spreading through community transmission after the total infected cases in the Kingdom rose to 225. Ministry spokeswoman Or Vandine told reporters on Saturday that the possibility of community transmission cannot be overlooked and that

  • Man in quarantine dies of ‘overdose’

    The Ministry of Health on Thursday said a Cambodian migrant worker who died while being isolated at a quarantine centre in Tbong Khmum province’s Kroch Chhmar district may have died from syncope or overdose of tablets. In a statement, the ministry said the 21-year-old

  • Ministry set to reopen 20 schools in August

    The Ministry of Education, Youth and Sport will allow 20 high-safety-standards schools to reopen next month despite new cases of Covid-19 in the country. Ministry spokesperson Ros Soveacha wrote in a Telegram message on Wednesday that the schools are in Phnom Penh, Siem Reap and Battambang.