Actor and creative director Nick Kwach recently offered his candid views on the burgeoning world of forex trading in Kenya, drawing parallels to the once-hyped "online writing" phenomenon.
Speaking on Emos Njoroge’s popular podcast, Kwach expressed significant scepticism regarding the massive daily profits some Kenyan traders claim to make.
The Podcast Setting and Kwach's Persona
Emos Njoroge hosted Nick Kwach, celebrating him as the best actor in East Africa and most influential actor"in 2024, according to Pulse.
Forex: A "Smoke Screen" or the New "Online Writing"?
Kwach did not mince words when discussing forex trading. He questioned its fundamental nature, provocatively asking if it was truly "a thing".
He went on to describe forex as a "smoke screen," suggesting a lack of transparency or a deceptive facade behind its public image.
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"By the way, I think Forex now is online writing,” he opined.
This comparison implies a shared characteristic: both are widely promoted, yet potentially questionable, avenues for making quick money, especially when enormous earnings are promised.
Questioning the Massive Profit Claims
The discussion on the podcast naturally touched upon the ambitious financial aspirations often associated with forex trading in Kenya.
Host Emos Njoroge alluded to the viability of earning "million presidention", a phrase used in the context of huge daily profits.
Actor Nick Kwach, addressing such grand claims—which in the Kenyan context include the widely circulated notion among some forex traders of making figures like Ksh 20 million a day—expressed significant doubt.
He explicitly stated, "the math is not adding up, don't believe," questioning the veracity and feasibility of such consistent, high returns.
He further elaborated on his view of forex as a "smoke screen," implying that there might be something else at play beneath the surface of the advertised profitability.
Despite the host asking if forex is "legit," Kwach's overall stance conveyed a strong sense of caution and inquiry, rather than outright endorsement.
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“Do you think that if that forex was paying as these people are saying that they can make Ksh 20m in a day, do you think we would have farmers going to the shamba for 4 months to wait for just 6 sacks of maize? Or teachers waiting for 30 days to earn a salary of Ksh50k?” Kwach casted his doubts.
Who is Nick Kwach
Kwach, known for his work with brands like Bolt, primarily identifies as an actor but engages in diverse creative projects. He is also a co-founder of Crony, a production house that often focuses on political satire, reflecting his background in critically observing societal narratives.
Having acted for over a decade, starting in theatre, Kwach possesses a keen eye for "scripts" and public perception.
The conversation on the podcast delved into various aspects of contemporary Kenyan life, including creative industries and financial trends like for
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