In a candid interview, forex trader Sammy Boy has revealed the staggering amount of money he has lost in a single instance: Ksh18 million. Speaking with host Dr. Ofweneke, Sammy Boy offered a rare and unfiltered glimpse into the high-stakes world of forex trading, discussing its risks and the misconceptions that often surround it.

When asked about the highest loss of his career, Sammy Boy did not hesitate.

“The most amount I have lost, genuinely, is around Ksh18 million,” he confessed.

He explained that such substantial losses are an inherent part of the trading game, a reality often hidden from the public eye. Sammy noted that while social media often showcases the massive wins and luxurious lifestyles of traders, it rarely portrays the behind-the-scenes financial setbacks that are an equally real part of the profession.

During the interview, Sammy Boy also addressed a recent online skit by comedian Flaqo Raz that poked fun at forex traders. He expressed his frustration with the portrayal, stating that it painted a misleading picture of the industry and could be a “discouraging factor” for young people interested in the field. He maintained that such comedic representations can be harmful to aspiring traders who are still learning about the profession.

Sammy, whose trading journey began during the COVID-19 pandemic, shared that he got into the industry after widespread job losses. He noted that despite the significant risks involved, forex trading has become a popular pursuit for many young people in Kenya. His revelation highlights both the lucrative potential of the industry and the very real possibility of substantial financial losses.