Forex trader and educator Nebz Mordecai has defended the online trading industry, rejecting claims that successful forex traders rarely produce visible success stories.
Speaking in a recent online address, Nebz said critics often overlook traders’ achievements because many successful investors prefer to keep a low profile rather than publicise their financial gains.
“People ask, ‘If forex works, where are your students?’ They only want controversy.” — Nebz Mordecai
According to Nebz, it is unrealistic to expect every profitable trader to become a social media influencer or regularly post evidence of their earnings.
He cited the example of a single mother he had previously mentioned as one of his students, saying not every success story needs to be showcased publicly.
“Someone can stay at home and invest quietly,” he said, adding that many of his students work or live abroad, including in countries such as Qatar.
Success does not always happen in public.
Nebz maintained that profitable traders often prefer privacy, arguing that financial success does not automatically translate into an online presence.
“Have you ever seen someone wake up every day just to announce that they’ve made money? It doesn’t make sense.”
His comments come at a time when forex trading continues to attract growing interest among young Kenyans seeking alternative sources of income.
The market, however, remains one of the riskiest financial sectors, with regulators and financial experts consistently warning that profits are never guaranteed.
Podcasts accused of fuelling debate
Nebz also accused some content creators of deliberately targeting forex traders to attract views and engagement.
He claimed that mentioning prominent forex personalities has become an easy way for podcasts to generate online discussion, particularly when other topics fail to gain traction.
“If you want to become famous, talk about forex or mention the top forex traders. That’s where the controversy is.”
According to him, some podcasts rely on controversial discussions because advertising revenue from platforms such as YouTube is relatively modest and must often be shared among production teams, including editors and camera operators.
Nebz argued that this creates an incentive to pursue topics that are likely to generate high viewership and online debate.
Debate around forex continues.
His remarks add to the ongoing conversation surrounding forex trading in Kenya, where the industry has experienced rapid growth through online learning platforms, mentorship programmes and social media communities.
