My son is 7 years old, however I have talked to him a lot, he tells me that he wants to be a soccer player and I support him, but I also told him that if he wanted to be a doctor, an engineer or whatever he wants, I would still support him, but if he doesn't want to study, what you will have to do is take him to a business school and learn, or at least read many books focused on financial markets and study that part enough so that you can make your money and Sustain yourself in life, That he learns everything he can from it, and he is so young and he says yes, of course it is very easy for a child to say yes, but it is good to start talking to him from a young age so that he can take that Financial education at an early age.
Topic: Is it legal for our kids to learn trade? (Read 1275 times)
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
We all know trading is a risky business. But this risk applies to everyone. Here you mention you have a 14-year-old friend. So I assume you are not much older than your friend. Your age is close to your friend's age. In that case if you have no problem then there will be no problem for your friend.Personally, I would like to say that it is not right to start trading at such a young age. Because the age of 10-14 years is perfect for studying. If education is lost at this age, then his entire life will fail. So at this learning age I would say his hope in trading will never be right. No matter how much he pleads, you scare them by telling them all the losses to their business.
I will advise you to allow that child to reach 17 or 18 years before you can teach the child how to trade, which it will really help the child to catch up with so many things that will help him or her to have a good skills of crypto trading in the market. I don't think, a child from 10 to 15 years is advisable to start trading because they will not have the knowledge to take the risk of holding like 5 or 4 years before they can sell which will be very difficult for them to accommodate at that age in the community. I know you want good thing from your kids, but allow them to reach 18 years before you can do everything possible to ensure they learn how to trade to become a potential trader in the society.
There is nothing wrong in teaching kids, if only it will stop at teaching and not allowing them practice it. They should only be given lice trading account when they are of age and maybe have started to earn and can make and handle decisions independently. Teaching your kids and allowing them to trade with demo accounts isn't a bad idea.
Check out the scenario you funded their demo accounts and asked them to keep trading, how much they gather in their demo accounts is what you will give them in real life.
Whenever they need money from you, they have to trade it out in the demo account first. This will make them master the trading and whenever a real account is given them, they must make profits.
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
There is basically no age requirement for trading if he has good knowledge or idea about crypto then there is no fear of getting lost by trending. But I think it's better that 10 to 15 year old kids don't come into this crypto world. Because children will focus on their studies at this age which is their most important role. And the next time they finish their studies and step into crypto, their future is likely to be bright. And already there are many people who do not have spiritual knowledge about trading and facing huge losses in future. So people who do not know details about trading should take the advice of skilled investors in this matter only then he can be successful.
What you say is not entirely true, early learning or early education is an advantage, but it does not mean your child will become smarter and better than other children. It depends on their thinking, ability to absorb, and preferences. Just like you can't teach college knowledge to a child who is learning to write, they will never absorb what you teach, and that's why after a lot of scientific research, we have classified what should be taught at each age. Likewise, I don't think teaching kids about early trading will make them good traders.
You have a point, every kids have their own intelligence and also their own pace in learning. That's actually possible for them to learn trading if you think the kid is like Sheldon. Some kids exist like him but if we were talking on bombarding your kid some knowledge that they couldn't even understand just to be like Sheldon then it's not recommended. When it comes to money they still needed to be supervised as they might got the knowledge still their age are immature to make a decisions and emotional stability. They might loss a lot of fund due to rage. That's why some exchanges you will be needed a valid ID which is for 18+ adults.
I will advise you to allow that child to reach 17 or 18 years before you can teach the child how to trade, which it will really help the child to catch up with so many things that will help him or her to have a good skills of crypto trading in the market. I don't think, a child from 10 to 15 years is advisable to start trading because they will not have the knowledge to take the risk of holding like 5 or 4 years before they can sell which will be very difficult for them to accommodate at that age in the community. I know you want good thing from your kids, but allow them to reach 18 years before you can do everything possible to ensure they learn how to trade to become a potential trader in the society.
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
if the child wants to learn, please let them.Trading on crypotcurrency has no age restriction in as much as his mental capacity can carry such knowledge and he is willing to advance through too.
Let them learn but not trade until you're sure they're capable to trade and do so without slacking on their education.
If you are thinking or having a problem about the KYC i think just leave it be later on because you should focus more on learning to trade , there are like games or demo account that you can try on online which helps you practice without signing up on any trading platform. Also that is a good for them because at early age they can learn how to earn money and for sure they will be doing it until they are on the right age.
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
There is basically no age requirement for trading if he has good knowledge or idea about crypto then there is no fear of getting lost by trending. But I think it's better that 10 to 15 year old kids don't come into this crypto world. Because children will focus on their studies at this age which is their most important role. And the next time they finish their studies and step into crypto, their future is likely to be bright. And already there are many people who do not have spiritual knowledge about trading and facing huge losses in future. So people who do not know details about trading should take the advice of skilled investors in this matter only then he can be successful.
What you say is not entirely true, early learning or early education is an advantage, but it does not mean your child will become smarter and better than other children. It depends on their thinking, ability to absorb, and preferences. Just like you can't teach college knowledge to a child who is learning to write, they will never absorb what you teach, and that's why after a lot of scientific research, we have classified what should be taught at each age. Likewise, I don't think teaching kids about early trading will make them good traders.
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
if the child wants to learn, please let them.Trading on crypotcurrency has no age restriction in as much as his mental capacity can carry such knowledge and he is willing to advance through too.
Let them learn but not trade until you're sure they're capable to trade and do so without slacking on their education.
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
There is basically no age requirement for trading if he has good knowledge or idea about crypto then there is no fear of getting lost by trending. But I think it's better that 10 to 15 year old kids don't come into this crypto world. Because children will focus on their studies at this age which is their most important role. And the next time they finish their studies and step into crypto, their future is likely to be bright. And already there are many people who do not have spiritual knowledge about trading and facing huge losses in future. So people who do not know details about trading should take the advice of skilled investors in this matter only then he can be successful.
usually, kids are not allowed into this activity because their emotional intelligence is not yet well-developed. meaning, one loss may give them depression and so with other emotional troubles.
as you grow older, your EQ is also getting better as you experienced a lot of struggles in life. you will have a better understanding on what's going on as well. if younger kids will venture in trading market, they should be guided by their parents or older people so they know how are they doing when it comes to this aspect. are they ready emotionally, financially?
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
At this age, even if they are going to possibly verify their trading account wit the document of an older relative, I think their brain is not well developed and ready to handle the technicalities and stress that comes/goes with trading..But I believe it is a good time for them start learning by the way, and learning does not mean they should start trading with real money, open a demo trading account for them(if they are more than one), with a visual $100 each and allow them to start playing with that, check their progress with the trading every week to see how they are fairing, even if they are doing fine, don't be in a hurry to move them over to a live trading account, allow them to trade demo until they turn 18 or more, if they take the demo trading serious, they could become real professional traders by the time they are set to start trading live.
I don't like that idea, even though we only give them a demo account. What I fear is that we will never have enough time to control them, I mean, they will get bored of the demo account quickly, and I am sure they will find a way to find a real account and deposit money to trade behind us. Creating an account under the age of 18 is not allowed but don't forget there are a lot of black markets selling accounts, and it's not hard to get a verified account. So we shouldn't teach kids to trade at the age of 8-14, I disagree with this even if we use a demo account.
Its not about being legal or not...Some of these skills can best be learnt from someone close to you without the need to attain it as professional education, if anything this will grow to be a passion and you will do it naturally and be good at it as one grows.
Besides the best of their craft learn these skills while they are young as the get to have more time to sharpen their skills under the watchful eye of a guardian or parent.
Legal aspect, well lets just say if those skills attained are for personal use its legal but anything labor intense could trigger the employing of minors.
Besides the best of their craft learn these skills while they are young as the get to have more time to sharpen their skills under the watchful eye of a guardian or parent.
Legal aspect, well lets just say if those skills attained are for personal use its legal but anything labor intense could trigger the employing of minors.
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
There is basically no age requirement for trading if he has good knowledge or idea about crypto then there is no fear of getting lost by trending. But I think it's better that 10 to 15 year old kids don't come into this crypto world. Because children will focus on their studies at this age which is their most important role. And the next time they finish their studies and step into crypto, their future is likely to be bright. And already there are many people who do not have spiritual knowledge about trading and facing huge losses in future. So people who do not know details about trading should take the advice of skilled investors in this matter only then he can be successful.
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
There is basically no age requirement for trading if he has good knowledge or idea about crypto then there is no fear of getting lost by trending. But I think it's better that 10 to 15 year old kids don't come into this crypto world. Because children will focus on their studies at this age which is their most important role. And the next time they finish their studies and step into crypto, their future is likely to be bright. And already there are many people who do not have spiritual knowledge about trading and facing huge losses in future. So people who do not know details about trading should take the advice of skilled investors in this matter only then he can be successful.
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
There's nothing bad in teaching children trading and especially the preliminary aspect of it, this will helped them in understanding the trading patterns right from early stage before they are fully grown to partake in trading on real time, but it will be difficult to let them begin trading because of the risk associated with it and their age limit to understand how things should be properly done in trading, there are materials or learning aids that can be introduced to them as well serving as demo trading account to help build a strong beginning while learning.
and since countries are already making it a legal tender so even some kids have to learn to enjoy the new financial system. 
I want to know if it right for children that are of 10-15years go in to trade or not because I have a kid friend of about 14years and very eager to learn trading but am scared of the lost and how long it will take him to understand what his doing, because it hasn't been very easy for me. So what your opinion please I need help? because I think is too risky for them to go in to trade for now.
I have seen children playing keyboard, guitars... musical instruments which is a good start for them to have a broad understanding about the musical world which also apply to other area we want our children to focus on especially if see the interest in the to have one particular skill. It is a wise idea if we teach our children on how to trade and make money from the Cryptocurrency market at an early stage. They can even train our child at a little age to create better income source for themselves rather than going through elementary to university before they acquire a skill.
It is necessary to study trading as early as possible, because it is one of the ways to earn money remotely. At the same time successful trading can give a certain independence. Of course, when trading you should take into account possible risks and try to minimize them. There is risk everywhere, so financial literacy will help you to earn
No doubt about the fact that learning trading is very necessary,but the problem is when they learn it from a very tender age,when they are still below 17 years,I think that age is not the best time for them to start knowing or learning about trading.Trading is like gambling,it is never certain that it's going to come out positive,you will either win or lose.I don't have kids yet,but if I have kids,I will introduce trading to them when they will be 18 and above,they will only learn about crypto currency and Bitcoin,but I won't teach them how to invest yet,untill they are upto the age I want them to,before showing them how to make money through trading.
Will children be interested in learning the trade? I hope what you say that your friend's child is interested in trading is not a lie, I don't think children will be interested in trading activities and even if there is you will not face any problem dealing with it but that is if you have the right knowledge and not just teaching that trading is a way to make money but also need to tell that can lose monye if not done right.
People can take interest in trading if parents regularly talk about it because children are always a shadow of their parents. I have my own experience that those parents who are doctors so their children also become doctor in future and same is the case with teacher so therefore I want to say that children can take interest in crypto trading too due to the interest of their parents in this field.
One should make an understandable lesson for his children and then teach them each and every single thing about trading so therefore he will surely understand that thing which he Don't know previously. Parents should share their experience with children and try to make a concept for them about risk involved in it so may be the achievement become easy for them.
Based on exchange market term of service all user have been over 18 years old and seems illegal when your children under this age active trading in bitcoin or altcoin. But its not important because our children can trade on dapp exchange but its seems impossible for them withdrawing cryptocurrency assets trough their own exchange account because can't pass with KYC procedure. Its not problem for children trading in cryptocurrency if can manage well with risk and has chance for getting profit.
But seems difficult to created an exchange account if there are required for withdrawing fund if under 18 years old, but you can helped your children withdrawing assets under your exchange account.
But seems difficult to created an exchange account if there are required for withdrawing fund if under 18 years old, but you can helped your children withdrawing assets under your exchange account.
I truly wanted to work with students who had such enthusiasm and passion. In actuality, they are not too young to understand concepts from what we have taught them, despite what they may believe. The concept was fine as long as it was simply for learning how to trade; however, if actual trading and the creation of an account are required, there may be a problem, especially if KYC is required. I am aware that some exchanges don't require KYC, giving users a chance to practice and engage in trading. Start with a minimal amount and stick to that limit until they are ready to take on larger responsibilities, just like we would normally do.
It is necessary to study trading as early as possible, because it is one of the ways to earn money remotely. At the same time successful trading can give a certain independence. Of course, when trading you should take into account possible risks and try to minimize them. There is risk everywhere, so financial literacy will help you to earn
Trading aides an individual to be independent and be able to provide for his or her needs without external help from anybody. Easy money comes from trading. Trading is very necessary to be understandable because it earned god significant figures foe traders. For our kids to be conversant with trading, it's very important because they'll grow up with it and by the time of 18-20, they're already pro traders. Gathering experience at a very tender age will triggered good profits. Jump to: