Sammy Boy reveals how he lost 18 million in Forex gamble

Kenyan forex trader Sammy Boy has revealed the scale of his biggest financial setback — a staggering loss of about Ksh 18 million — but says he remains fully committed to the high-stakes world of trading.

Speaking to Dr. Ofweneke on TV47 Kenya, the 27-year-old recounted how the loss, which wiped out his entire savings, pushed him into depression but ultimately strengthened his resolve to keep trading.

From Crypto Beginnings to Forex Ambitions
Sammy Boy’s trading journey began at the height of the Covid-19 pandemic, when job losses across the country pushed him to seek alternative income streams. He first dabbled in cryptocurrency, flipping small profits of $100–$200 through buying, holding, and selling.

Encouraged by his early success, he moved into forex trading, joining an academy that charged $200 a month. Sammy Boy says he was among the first Kenyans to livestream his trades on Instagram to inspire others, even in the face of online criticism.

The Painful Loss of Ksh 18 Million
His biggest blow came in 2022. At the time, he owned five cars, including an Audi he valued highly. In a deal gone wrong, an American buyer deposited Ksh 2.7 million (about $10,000) into his account, but the money — and effectively the car — was lost in a series of bad trades. The incident, previously known only to close family, marked the collapse of his entire savings.

“The most I ever lost was Ksh 18 million. I went into a bit of depression because I lost my entire savings,” he admitted.

Debt, Pressure, and Lessons Learned
To stay afloat, Sammy Boy took loans from a finance company, but high interest rates and pressure to recover quickly led to overtrading and further losses. He admits greed played a role.

Still, he refused to walk away. “I accepted the losses but I stayed in the game, never quit. This is what I do day and night. People who know me closely know I barely sleep because of forex,” he said, stressing the importance of consistency and diversifying assets to withstand downturns.

Addressing Rumours and Public Scrutiny
Sammy Boy’s flashy lifestyle has fueled speculation, with critics accusing him of being in the Illuminati or engaging in “wash wash” (fraud). He firmly rejects both claims.

“If I was into Illuminati, I wouldn’t even need to trade. I couldn’t even be on social media right now,” he said, adding that despite appearances, he considers himself “rich in Christ.”

Today, Sammy Boy continues to trade relentlessly, determined to turn lessons from his costly mistakes into long-term gains.