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Forex advice

Forex advice

The Editor,

Please allow me to correct a miscommunication in your article

"Royal into Forex Trading... Deckchairs Not Provided" (April 21 - May

4).

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.

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