The Money Game Scene in Malaysia
Many individuals are tempted by the lucrative returns, and sometimes even “guaranteed”, which may reach as high as (or more) 10% per month passively when compared to the lacklustre gains from equities and fixed deposits in the face of surging inflation, which has raised the cost of living to new highs.
If left unchecked, this situation might have severe ramifications for the “players” in the game and the financial market.
Forex trading programmes became popular in 2015, initially in Penang and then throughout Malaysia. That's when the money game craze developed into a frenzy with downline recruitment.
The operators said they intended to help people and hosted seminars in several areas to convey their “sure-win” forex trading approach to the public.
Concerns about these schemes were frequently expressed in the mainstream media until early 2017, prompting authorities to increase their oversight as the money game bubbles rose dramatically.
Why do people invest in such schemes when they know they risk losing their hard-earned money?
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