Please allow me to correct a miscommunication in your article
"Royal into Forex Trading... Deckchairs Not Provided" (April 21 - May
I wish to clarify that we know that there are a few companies
operating in Phnom Penh and they have quite a number of investors as these
investors have visited us and at times, telephoned to get our opinion on the
market trends. A number of these investors that came told us that they have
suffered heavy losses as they normally trade "based on their feelings". They
also asked whether we could supply deck chairs to sleep like others do.
Unfortunately, we do not encourage our investors to do this when they can sleep
comfortably at home if they have a disciplined trading plan.
I would like
to clarify that many local companies obviously do provide data, information and
trading techniques for their investors to trade. What I am saying is that
investors here are not using these as a basis to trade, resulting in heavy
losses. No company can allow or disallow investors to trade "based on whatever"
as the money invested belongs to them, so long as it is within the agreement and
the rules & regulations of the company.
We have told visitors and
potential investors that we are operating in a different concept as we have
specifically trained more than 30 Cambodians to educate and service them with
facilities like up-to-date prices, market analysis, forecasts, trading and
hedging techniques and individual trading plans, according to their needs.
Well I hope this letter will clarify and do justice to my fellow
colleagues in the other local companies. After all, we are in the same field and
I am sure one day we may together assist the Kingdom of Cambodia to develop a
healthy Forex market, hence a healthy economy.
- Bert Lim, General
Manager, Royal Cambodia Trusts and Investments Co Ltd.