At what Age will you introduce your child to trading - page 7.

AmoreJaz

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Quote from: Ryker1 on August 23, 2021, 03:58:32 PM

Quote from: Zilon on August 23, 2021, 12:42:04 AM

^[snip]
For me at age 10 my children should understand the market and how it works, interpreting chats and deciding the next move of each coin from studying the price action of different coins. At age 13 the should start trading with a demo account and at age 15 they should have funded their first account. This would help them become financially independent, also help then limit future gambling prowess and also make them prepared for their careers

Well I don't think at that age they must learn in trading, for me --trading is a sort of gambling, it needs a source of fund to continue your activity in gambling. I don't know if at that young age they can handle the situation. Perhaps you can teach them how to do that math calculation in trading but no money is involved yet. Trading is very risky, it needs a mature mind that possibly becomes serious in any kind of financial aspect. There are too many things to teach them during that age, managing business if you have much better.

managing business is also a good way to teach kids about the value of money. they can also see how hard it is to earn money. but trading, this needs a lot of mental and emotional preparation for your kid. if you want to start early, use small funds, don't push them. let them learn on their own pace. i can't say what age is early because it depends on the capability of the kid. some are mature enough to look at their situation on hand while others are still in the easy-go-lucky stage. the emotional part is very crucial as some of them can't handle the stress brought by this activity.

Ararbermas

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For me in my opinion probably when they were at age of 15 because i know they can cope to understand anything at that age,wherein it's a good decision as well for me so that until they reach the age of 20 they will become expert in it. For now i will let them enjoy their childhood. Because when its time for them to learn trading no more such stuff and they all need to focus in it everytime. Lol

Ryker1

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Quote from: Zilon on August 23, 2021, 12:42:04 AM

^[snip]
For me at age 10 my children should understand the market and how it works, interpreting chats and deciding the next move of each coin from studying the price action of different coins. At age 13 the should start trading with a demo account and at age 15 they should have funded their first account. This would help them become financially independent, also help then limit future gambling prowess and also make them prepared for their careers

Well I don't think at that age they must learn in trading, for me --trading is a sort of gambling, it needs a source of fund to continue your activity in gambling. I don't know if at that young age they can handle the situation. Perhaps you can teach them how to do that math calculation in trading but no money is involved yet. Trading is very risky, it needs a mature mind that possibly becomes serious in any kind of financial aspect. There are too many things to teach them during that age, managing business if you have much better.

Mahanton

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Quote from: Zilon on August 23, 2021, 12:42:04 AM

If we have noticed this generation of children are way wiser than their age and the rate at which the get information is way so amazing. Many of this kids start making money early either through gambling or through other means and lots of them do this because the don't get enough money from their parents.

For me at age 10 my children should understand the market and how it works, interpreting chats and deciding the next move of each coin from studying the price action of different coins. At age 13 the should start trading with a demo account and at age 15 they should have funded their first account. This would help them become financially independent, also help then limit future gambling prowess and also make them prepared for their careers

Funds has been one of the limiting factors many people encountered while pursuing their dreams and ambitions. For me I see it as means where the could comfortably fund their ambitions without much stress and still have enough for fun and recreation.

What do you think?

For me.. i wont really focus much for my children to get touched with investment or something on that field on a very young age and yes thats how i do make my own parenting.
I wont tend for them to engage on money on their very young minds and would rather focus into their education and later on they would able to discover for themselves
about that matter and this is the time they would really be realizing on whats the beauty of trading or investment. So let them be on discovering the world and as a
parent then you would always be some guide.

nelson4lov

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Quote from: Obito on August 23, 2021, 07:56:22 AM

Probably at around 16 or 18 where they can think for themselves, it's not good that we burden them too much about building their own future plus they might not even like it in the first place better if we wait or even better is to let them discover those things themselves.

In my opinion, our best bet would be to introduce them to these concepts and guides at early stage but it's completely up to them to decide when they want to start chasing their very own career. Also, we don't have to be impulsive and let them decide their own career path. We must learn not to force our kids into ventures they don't want because it's what we want for ourselves. That said, when I do have a kid around that age, I would only make him/her away while explaining the risks associated with trading, investing or any other money making skill or concept that is relevant at that time.

Emitdama

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Quote from: TheListener on August 23, 2021, 08:03:54 AM

Trading is most important thing we can easily generate income from crypto and I recommend every woman learn this so then woman can earn easily in home without any issue and also I am starting learn to my child in 15 age .

You sound very generic. I have traded for years and am not sure how people call it "easy to make money by trading" when in reality, crypto trading is one of the most difficult things. Investing might be a wiser, easier and better option if you have the ability to identify good projects and invest in them within the early stages.

Day trading and other forms of crypto trading are highly risky and I hate the idea of women trading. I am not against women working and making money but they have a lot of work to do at home and surely you don't want your wife to take stress all day along with all the work she does at home.

el kaka22

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I am not planning on introducing them to "trading" because that doesn't look like a good thing I can explain to them, plus it is a very difficult thing that even I end up doing wrong most of the time so how can I tell them to do something I can't even do. However investment and savings are two things that I will end up telling them to do for sure, money in fiat world loses its value a ton, loses its value like crazy in most of the period of history, especially in the past 50 years, which means that they should not hold fiat, however a little kid can't have a real estate amount of money neither, so they need to find a way to do something.

For a small child when they start school, I will give them permission and I will show them how they could get something big, like ps5 for example for today's kids (probably by my kids time it will be ps6 Cheesy

) and in order for that he will have to save money, I will start them with silver, then move to gold, and then move to bitcoin eventually.

bamb

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My first daughter is 9 years old and I believe it will be to early to introduce trading at her age. I will like her to mature a little bit more. When she is 15 years old, I will definitely introduce her to Cryptocurrency market and Idea behind Cryptocurrency and I she could make financial decision that will increase are wealth in the future!

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This is about financial education for children in which the role of parents as teacher centers and children as white paper to be filled in with black ink. However, in this case providing education depends on the literacy that exists in parents. The ability to manage finances, how to trade, buy and sell which is provided in the simplest possible context according to the 5 important aspects in the developmental stage after a child. And the things that are most prioritized include cognitive, affective and psychomotor.

jaberwock

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Quote from: Zilon on August 23, 2021, 12:42:04 AM

For me at age 10 my children should understand the market and how it works, interpreting chats and deciding the next move of each coin from studying the price action of different coins. At age 13 the should start trading with a demo account and at age 15 they should have funded their first account. This would help them become financially independent, also help then limit future gambling prowess and also make them prepared for their careers

Not a bad roadmap but is it even legal to have kids open accounts at trading sites at age 13 or 15? It's not a bad idea to educate them about money-making at the age of 10 be it via trading or something else.

I am not sure if I will ever ask my kids to trade but if I do, I will ensure they sit with me the whole day and understand how hectic and exhausting the whole trading process is. If they like what I am doing only then I will support them because I don't want to be a father who forces his decisions on his kids. If they want to trade, I will make sure I do my best to assist them.

topbitcoin

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Quote from: Zilon on August 23, 2021, 12:42:04 AM

If we have noticed this generation of children are way wiser than their age and the rate at which the get information is way so amazing. Many of this kids start making money early either through gambling or through other means and lots of them do this because the don't get enough money from their parents.

For me at age 10 my children should understand the market and how it works, interpreting chats and deciding the next move of each coin from studying the price action of different coins. At age 13 the should start trading with a demo account and at age 15 they should have funded their first account. This would help them become financially independent, also help then limit future gambling prowess and also make them prepared for their careers

Funds has been one of the limiting factors many people encountered while pursuing their dreams and ambitions. For me I see it as means where the could comfortably fund their ambitions without much stress and still have enough for fun and recreation.

What do you think?

Maybe in teen to learn about trading and in case my son interested in it. Because if we force them, they will feel the pressure and it wouldn't good for themself. About when they will do trading with real money maybe when their emotion is ready, will be good if we teach our children how to maintain emotion in any condition because it will really helpful in trading activity especially if price suddenly moved without any preaparation.

Rb48

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I will give my child an idea about trading only when he has enough ghost power.Because if you want to trade, you must have enough knowledge about trading.Otherwise you will never be able to profit by trading. So I told my child about trading right away I will introduce him when he becomes an adult. And he himself will be well acquainted with trading.

Smartvirus

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There are reasons why certain things are left for certain age grades to handle and if you look at it, it goes beyond ages at that. It's more of a maturity thing. You don't give a child more than they could handle because you feel they are smart and could grow into it. Things of finance are usually very tricky and in many ways, it could cause a shift from most things that a child could have learnt, the things that matters with regards to the up bringing and education of the child. Money, money earning and its management is a very complicated mind game that only a matured mind could handle and it would be a bad idea to let loose a child to this affair because you feel the child is smart. It's still a child and you would still see his or her childishness play out!

goldade

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Quote from: Zilon on August 23, 2021, 12:42:04 AM

If we have noticed this generation of children are way wiser than their age and the rate at which the get information is way so amazing. Many of this kids start making money early either through gambling or through other means and lots of them do this because the don't get enough money from their parents.

For me at age 10 my children should understand the market and how it works, interpreting chats and deciding the next move of each coin from studying the price action of different coins. At age 13 the should start trading with a demo account and at age 15 they should have funded their first account. This would help them become financially independent, also help then limit future gambling prowess and also make them prepared for their careers

Funds has been one of the limiting factors many people encountered while pursuing their dreams and ambitions. For me I see it as means where the could comfortably fund their ambitions without much stress and still have enough for fun and recreation.

What do you think?

I do think you do have a point here. One of the very few gifts one can give to one's children is financial independence. However, to gift them this, one must teach them how to make money on their own. Trading seems like a reasonable thing to do and it wouldn't hurt a soul if my kids are professional traders at age 15. Consider how much they'd have made by age 20.
To do this, however, a lot of work because kids at this age are easily distracted and they are also easily moved by their emotions and this may make them make many unnecessary mistakes.

dustboy

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If I'm going to have children in the future, I will not introduce them into trading unless they are interested to know about it themselves. I'll let them learn anything they want to learn, parent's tasks is to monitor their activities and help them when they find some difficulties.

If my children want to learn about trading because they hear/know about it somewhere out there, regardless how old are they. As parent, we should have known how mature our children are so we can decide when is the right time to introduce/teach them more about trading.

bittraffic

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If he will show interest I will teach him but as much as possible I want her to have a real career like a doctor in a particular field like pediatrist. Make her sociable to contribute in the soceity. Its not good fof her to just sit inside the house all day watching the 247 market.

But if she really has the interest, she better start learning first how to use wallets of cryptocurrencies like btc and eth connected to app. And how to keep it safer, not sure what age will she show interest. 16 probably.

Mohsin420

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Trading is very different from other work so any child can do this easily if learn crypto I am also recommend every child start learn crypto in 15 and learn 3 year then start crypto trading I ma sure he earn easily from crypto .

TheListener

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Trading is most important thing we can easily generate income from crypto and I recommend every woman learn this so then woman can earn easily in home without any issue and also I am starting learn to my child in 15 age .

Obito

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Probably at around 16 or 18 where they can think for themselves, it's not good that we burden them too much about building their own future plus they might not even like it in the first place better if we wait or even better is to let them discover those things themselves.

joniboini

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10 years old? Are you for real dude? Man, if I were your son I'd be stressed out like hell. If I remember correctly, I just play around every day until I'm 14 and start thinking about what should I do other than playing games. Children's world is quite different from teenager/adult, why are you trying to wreck it with prolonged stress and mental fatigue? Sure, maybe you can tell them about how you make money from looking at green and red candles, but I don't think they have to do that just because you can.

Just wait a bit until they need to survive on their own, that's probably when they'll be more interested in how their parents make money from sitting all day in front of a computer.

Topic: At what Age will you introduce your child to trading - page 7. (Read 1076 times)