Kenyan forex trader Sammy Boy has opened up about the staggering financial setbacks that can accompany the high-reward world of currency trading, revealing he once lost Ksh18 million in a single instance. Speaking during an interview with comedian and media personality Dr. Ofweneke, Sammy shared an unfiltered look into the risks, realities, and misconceptions surrounding the profession.
When asked about the biggest loss of his career, Sammy responded without hesitation, noting that such losses are an inevitable part of trading. He explained that while social media often highlights the flashy wins, expensive cars, and exotic vacations of traders, it rarely shows the other side of the story massive financial setbacks. According to him, these realities are just as common as the successes, yet they are often hidden from public view.
Sammy also weighed in on a recent online skit by comedian Flaqo Raz that poked fun at forex traders. He expressed frustration at the portrayal, arguing that it painted an inaccurate and overly negative image of the industry. Such depictions, he said, could discourage young, aspiring traders from pursuing the profession, especially those still in the learning phase.
Reflecting on his own journey, Sammy revealed that he began trading during the COVID-19 pandemic, a period marked by widespread job losses. For him and many others, forex presented an opportunity to earn an income in uncertain economic times. However, he emphasized that while the field can be lucrative, it also carries significant risk, requiring skill, discipline, and the ability to handle substantial losses without giving up.
His candid admission serves as a reminder that forex trading is not a guaranteed path to quick wealth. Behind every celebrated win is a calculated gamble and sometimes, a staggering loss. For Sammy Boy, the Ksh18 million setback was a hard but valuable lesson in an industry where fortunes can change in an instant.
By speaking openly, he hopes to inspire a more realistic understanding of forex trading among young Kenyans, urging them to approach it with caution, preparation, and resilience.
