The hosts of the popular Kenyan digital show, the 3Men Army Podcast, have questioned the motives of online foreign exchange (forex) traders. In a widely shared video snippet from their latest episode, the podcasters raised sharp concerns over how local forex enthusiasts market their trade.
They questioned why these traders focus on teaching strangers rather than empowering their immediate circles.
Charity Begins at Home
During the trending podcast session, the hosts noted a peculiar pattern among individuals claiming to make immense profits from the financial markets. They argued that if forex trading is as consistently lucrative as portrayed, the traders should logically prioritize their families and close friends.
The podcasters expressed bewilderment over why anyone making wealth would hide it from their inner circle while aggressively trying to convince outsiders to join.
They suggested that a truly successful trader would ensure their household is stable before selling classes or mentorship to the public.
“If you make money, why don’t you do it quietly because you are making your money, why must it be a show? Why is it a must that you show people, and then force them, saying you want to teach them?” One member asked.
The Allure of Luxury Marketing
The 3Men Army trio also discussed the flashy lifestyle commonly associated with Kenyan forex influencers on social media. They highlighted the frequent showcasing of high-end vehicles like Mercedes-Benz, large wads of cash, and expensive bottles of alcohol in clubs.
According to the hosts, this display is often used as bait to lure unsuspecting youth into buying trading courses. They questioned why financial success must be wrapped in public vanity, noting that most traders spend heavily on premium club appearances to project an image of wealth.
“So you have a Mercedez Benz, it’s yours, right? Why do you want to teach me? Why don’t you first start by training your close family people to get the money first before coming to me? I know in common thinking, once you get money, thefirst thing is making sure you family members are well-off financially as well.”
The Forex Surge
The critique comes amidst a massive surge in online forex trading popularity among young Kenyans looking for alternative income streams. The Capital Markets Authority (CMA) has previously issued warnings to citizens regarding unlicensed online forex brokers operating in the country.
Despite regulatory warnings, social media remains flooded with self-proclaimed “forex millionaires.” The podcasters concluded by questioning whether the trading itself actually works, or if the real money is made from the families and individuals who pay for the training sessions.
