Simon Bond, a dealer at ABN AMRO Morgans, said CFDs were an accident waiting to happen.
"So far in 2008 the Australian stock market is littered with the trading corpses of the instant gratificationists. Over the past six months we have spent 80 per cent of our time trying to save people from themselves. Yet people continue to trade from their kitchen tables and take advice from a screen," he said.
Is he suggesting that none of their clients have lost money if they followed ABNA's advice?
