Topic: At what Age will you introduce your child to trading - page 5. (Read 1076 times)

When I was 6-7 years old, computers were not a thing that was abundant in every house, most companies had it but it wasn't in houses too much yet, sure there were some people who had it, but it was early 90's in a third world nation so it wasn't very common, probably like 10% of the people had it, so it was a rare thing to have a computer in your house and let alone just so that your kid play computer games, that part was seriously rare, nearly nobody bought a computer to let their kids play a computer game.

So, one day after I played some computer games at my mom's work which had a PC, I came home and told my dad I wanted a computer, and he told me he would buy one if I could get the initial money, which was about 200 bucks, and computer was around 1200 bucks, so after you paid the 200 at first, the other 1000 became a 100 per month for 10 month thing.

What did I do? I worked hard and went to everyone I know and did child work, like bring them groceries, get then newspapers, and many other things, even sold small stuff with the capital I had to make it bigger, I made it in under 3 months and gave it to my dad who was shocked, he thought it would be impossible and that is why he said it, couldn't believe I made that when I was 7 years old, so that is how I got my first ever computer at age 7, when nobody else had a computer at that age (not that I did anything with it, just played games and never helped me in the future). I want my kids to be like that, I was always good with money ever since that age.

I don't think so, money isn't your hindrance to achieve dreams and ambitions. We can work it out through income generating task in order to gain money to be used for investments that generates good income.
There's no age limit for every person who's willing to trade and enter the world of cryptocurrency. Small amount of money can, as long as every young people has the willingness to learn and determine the advantages and disadvantages of trading.

^ Definitely right, teach them at the right age or at a mature age so that they will take it seriously. In my part, I rather focus my children on school because later on they will know about trading but not at a young age. Because when you force them even though this is not their passion, it will probably be made them worst and cant be able to handle risk. We can compare trading to gambling are they are in the same aspect, in that case, there ios possiblitity that your children will gamble too since from the start, they don't have value their money.

14-16 years old would really be that ideal or somewhere on between after he finished highschool on where i could really say that they would really able to easily grasp on what you are talking since they do have sufficient knowledge unlike when you do tend to teach them while theyre young.Although not all children would be similar as if there are some which are fast learners who do able to get on what you are trying to teach on them
but if you dont like for them to engage with finance matters on very young age then as a guardian then it would be always your own choice.

Teach them when they are really ready and would really listen or really up to their interest but be mindful on starting up with the very basics.

Same thing because telling him/her on early age wouldnt really be that much effective since explaining everything if its still out of its interest then it would really be just useless.
Tell them when they are matured enough on understanding things so that they would really be finding out that Trading is a bit interesting but honestly it is a bit complicated
but depending on how you gonna explain to them but on the time you do tend to explain to them and they dont show any interest then i would say that less likely they
would really be stepping their foot into the market.

As soon as my children get to understand it. I am planning to make my children blockchain professionals, provided they show interest in it. This is the field that is not even started yet and it'll explode soon so there is alot of opportunities that can be availed to become billionaire. So as a profession, it is going to be ideal.

What? If they show interest in trading at a young age or when they know of it, let them do it, that's a bullshit for letting them only work with physical labor, it's a different era mate and it's not just knack for muscles anymore.

Probably around 16, that age in my opinion is the age where they should be able to think for themselves, not too old but not too young for trading and with the two years gap, they can use that to learn trading so when they're on the legal age, they will be able to do things.

My 8-year old son already knows that daddy is into Bitcoin and all the crypto stuff. Sometimes he tries to tease me with it. Once I overheard him say to his siblings that daddy was trying to buy Coingecko 😅😅😅. I later called his attention to what he said and subtly corrected him that Coingecko wasn't a token but a website where different cryptocurrencies are listed. I guess it's because he sees me visiting that site often that makes him think it's a token. BTW, I like the way you chronicled the pattern your kids should go with crypto. For me, I think mine would need to get to the senior secondary school age, and that's from 15–17 years in my country, before I can introduce my kids to trading and all that crypto related businesses. Doing that earlier than that time may cause them to lose focus in formal education and then chase money like Dad is doing.

when he is interested in it. because trading is ultimately related to finance and he must have a big responsibility in managing it. maybe only introduced them or teaching the basics in trading aged 12-17 still makes sense for them to know about trading. but I myself will not directly invite or recommend trading to them. just like telling them how some bussinesss work or how trader works. Everyone's passion is different, even if it's my own child.

I was shocked recently when i found out that my Son is not playing AXIE infinity (In which he was a scholar of my cousin) because though we have some conversation about crypto sometimes because he denied me most of the time when i am encouraging him to study crypto.

Now that he entered this market by playing this game , then I am sure we will start a new good conversation about crypto and will teach Him everything i know about this.

so meaning i allowed Him since he was 12 but just now that he become more interested  because of the famous game .

I think in today's world due to the involvement of technology everywhere, there are a lot of tutorials, and the technology is increasing day by day, so i think our children will be more aware than us even now because crypto trading is also growing and making people able to work for themselves as well to get more profit.

That's what I meant, I mean yeah gambling is bad but you first said you will not teach them about trading, and I believe that people should not wait until they are 18 years old to understand about finance world. This is why I always say that in my nation we should have a "finance" class or something related, in few nations they have that but in my nation we do not have that at all.

This is why having that, or even a small event like once a month about it is enough, get a kid from age 7 to start learning about what money is, and how it could be earned, and what rich people did, and do it honestly, and then you got yourself a person at 18 years old who studied about finances for 11 years while growing up and they will realize more about money. This is the best way to educate kids, not just in family, but in schools as well to learn more about real world.

at least they have grown up and can understand what they are going to trade. Teenagers also still have unstable emotions, intensive learning really needs to be done and provides an understanding of the risks that will occur.
I even started trading at the age of 25 and it doesn't feel like it's too late to keep learning.

You probably don't need to wait for such milestones because as a part of life, trading is a kind of work from home and can get attention in the family and the children will soon be curious about their parents' work then our recommendation is not a wish they can inherit what we are doing, we show them an answer about our work. But their future is still their passion as well as their contact with life, the child will have a good perception of the profession, dreams are not things that can bind, just silence and support them is enough

Kids are now into the latest technology these days. They're more aware of the digital world than we are at an early age. However, I believe that the best time for us to let them enter gambling isn't just based on their age but rather their emotional stability. If I would let my child enter the gambling world, I'll make sure that he knows the risks of gambling as well as the consequences of it. It's about educating our children first.

It would depend on him, because it only takes a child to start reading and give him the right books, I would put my son to trade if he reads and understands at least 3 Wyckoff books and 3 Jesse Livermore books, if he does, I think that he would have my full support, it all depends on him, because I am sure that if he manages to read them, he himself will be interested in continuing to search for more books because he is passionate about it, and would put into context his logic based on the knowledge of those two great speculators From the market.

If we can explain more about gambling, the pros and cons, and they can understand the risk, they will not stay close to something that looks like gambling. They will not think much about gambling and they can stay away from gambling, even if their friends ask them to bet on a simple game that many kids do with their friends.

Yes, I will teach my kids about money and if they are interested in trading, I will try to teach them the basics of trading, where they should learn and what material they should know, etc. I always want to reach financial freedom and I am to go that way and I will teach that to my kids or others who want to learn together about financial freedom.

I think people start teaching their children to trade when the child has entered adulthood. In this case, it may be around 17 years old and above. with consideration, in trading the biggest influence is psychological, so that in adulthood it is expected that children will have more established psychological maturity

I totally understand gambling, I hope that my child never goes to any casino or gambles online, I do it for fun and I know I am going to lose money but just do it for entertainment purposes, but I am not 100% sure if they would understand that, or even if they do, it is a money trap it is better they stay away from it.

However one thing is for sure, if we are talking about trading, that is not similar to gambling and you should teach your kid more about money, specifically about how you can't make a profit in life and become something just with salary, you need to have a proper job but save money and use that money to invest and trade and that way you could grow that bigger than what your salary is, I am 100% sure that if I had 500k dollars today, I can live forever without ever needing to work, THAT'S what we should teach our children, the financial freedom.