Topic: Is it legal for our kids to learn trade? - page 2. (Read 1228 times)

No, never.
A child should never get into trading and even gambling till he becomes 18 or 21 (whatever age is considered legal in your country). This is because they are into their learning stage and with trading, comes greed and fear which will cause huge trauma on the mind of a child that he will not be able to get out of its effects and may also not consider studying ahead in his life. These effects will remain lifelong on his mind and he may not be able to get out of the addiction that he may address once he gets into it.

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.

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

We shouldnt really force them out because it would really be that something thats too much for them if we do really force out on teaching them specially that they are still young for them to learn about finances

which we know that it would really be better that they should really be cherishing out their childhood rather than on focusing about financially literacy or whatsoever that it is really that connected to it.It would most likely be turning out on something that would really be that stressful if ever you would really be that forcing them to learn which it is still early or out of their interest.

The only time that you would be considering on doing so, is on the time that they would be asking about it or they do show off some hints that they are really into it.
This is where you would be sitting in and would be explaining things gradually and not on a rushed manner.

Putting the mental and emotional capacity into consideration, To me, it's a no. There is only one way to go about it. If there is an application that can be created that can help children learn by engaging in 'practice trade' that can help them get experience without having to put any of their money. Let's take for an example; a platform is created, such that younger people can sign up with wallet filled with trading assets which they can use as practice, this will look more like a real Investing Platform however, deposit and withdrawer will not be possible. This is mainly for learning and exposing one to the trading environment and what to expect. This will build their mental and emotional strength over the years of practice.

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.

This idea is indeed good,but I think children between  8-14 are not supposed to start or engage in anything that has to do with trading at that age because I think if they should start it, addiction is real,and by that age range,they will definitely be losing,whether it's a demo or it's a live trading,the actual age that I think it's suitable for them is 18 and above,atleast at that age,they know what to do with the money they have,and they will also have feelings when they lose money,which will make them think twice while trading.It will push them into researching and looking for ways to get to know how the market operates.They will also learn the different strategies involved in trading at that age.

I believe it is extremely possible to teach a child to trade. Because they don't have to think about anything else, children can understand trading more readily. But we can only guide them because trading is really dangerous. As a result, doing live trading right away is not optimal. If you wish to wait until your child reaches the legal age to open a live account, instruct him now so that he is ready when the time comes.

I said this because I have an uncle who is a trader and is currently teaching his son how to trade. However, he claims that his kid is even better at market analysis. It's comforting to know that if you're not successful in trading, your child might be.

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.

There's always a perfect time on when you would be teaching up your children about it, just dont make yourself in a hurry and yes, the younger the better but we know that there are things which cant
be easily be digest up by someones mind specially if their learning and awareness on things arent really that still enough for them to be capable on processing anything on what they've been taught.
You would really be able to find and spot for yourself on teaching them on that appropriate time.For now lets just not really be rushing up for this thing.
Time will come on which they would be needing up things to be learnt.

As a parent or guardian who is really that aware on how this economic situations do plays out then we arent that dumb and blind not to teach up things  which it would really be
beneficial for our children. We are aware on whats going on and its just right that you should teach them on what are the things that should be needed up to be told.

You know, about 20-30 years ago, when I was attending school, I used to trade badges, playing cards, milk caps, lego and etc. No money were involved, however we somehow new value of each item, its rarity and exchange rate. All that can be called, that we have done DYOR about each item, and knew how to trade them with profit. Nowadays kids dont involve much with such items, but they are good at trading steam skins, games, game keys and etc. They also know what is valuable and what will be in demand in future (cs:go skins and cases).

If they are so experienced in those things at age of 10+, just theoretically, why cant we replace game skins and items with crypto? Then it looks like they are doing same trading as we do here. So I see nothing bad in allowing them to learn to trade. And I completely dont understand people who suggest to completely forbid them to learn to trade because «they are too young».

Kids with age 10-15 years old, better to know something general about crypto. It is too early if we learn them trading or investing in crypto. I prefer to learn my kids when they are already 18+ years old. Investing or trading isn't something easy to do, it requires sufficient knowledge and it has risks. I can't imagine if 10-15 years old kids begin to trade or invest at that age. I assume they only spend money without getting anything at that age.

Kids spend many moments attending to what is not helpful to them.  I have seen a 6-year-old kid raise a topic of a fellow kid she is in love with. This is all a result of freedom and exposure to the wrong areas of technology and the internet. I don't see any risk in Exposing a kid to trading at age 5 while giving that child proper guidance. If a child of age 5 is exposed to trading, Before such a child could grow to age 20 (under a good tutor)  he or she will be acquainted with the risk involved and will be better than some who come into the trading system newly.  In life, whatever we graze our kids with that is what they grow to enjoy.

As an adult I have less time to recover from bad trading or investment, as well as I can lose greatly more than a kid who can lose lunch money/Birthday gift money/Christmas gift money. At 40+ when you lose all of your money, have credit and mortgage, it is harder to recover compared to when you are 14, your whole life is still ahead and you live with parents and dont bother about food and bills.

P.S. If a kid commit a suicide due to money, then money wasnt the real reason, but this is due to unformed psyche and emotions. And as a parent I must be there to help him. If an adult commits a suicide, then this is doubtfully due to puberty period and ended relationships. Adults are already formed personalities. If they are up to commit a suicide, there must be a real reason for that.
P.P.S. If your kid is to commit a suicide due to loss in trade or to about to commit a crime, there is nothing to do with emotions, that only shows that you have failed as a parent.


Since you have put my post under question, then at what age you think children should learn to trade? At 18 ? At 18 you are already an adult. I am not saying that you should sit a 5 year old kid in from of a PC, open a Binance and let him do trades. But modern kids at age of 10+ already know that cost of money, its power. How do you think they try to raise money for new up-to-date mobile phone then? By trading.

Demo accounts are useless. Most exchange UI is so primitive, that it takes less than 5 minutes to figure out which button is responsible for and how everything works. Using demo accounts to learn how to trade is wrong. Because with demo accounts you either trade with profit, or always can create a new account in case of a loss. That teaches nothing. You can get new account full of money when you are broke in real life.

P.S. Do you have kids? Have you ever tried to limit what they watch on YouTube? Specially when they socialize with other kids? Banning content does now work, because everything can be downloaded and reuploaded.

That's right kids should enjoy their childhood to the fullest. If they are too curious and eager to learn what we are doing you could teach them the basics. They are not obligated to study trading it's still up to them. There's a lot of smart kids that can learn it without us saying or introducing trading as I learn only from myself. But trading doesn't only aim to knowledge itself, kids that ain't 18 yet for sure still haven't build up their decision making and emotional stability which is included in trading. Knowledge itself won't do if your thinking skills and emotion are immature enough for you to lose your funds.

At first, you were making some convincing points despite the fact that I will not subscribe to your ideas but reading down your comment to emboldened render your whole points questionable. As an adult, how do you feel loosing some part of your wealth to gambling, trading or investments? Bold of you to think that teens can withstand and control their emotions when they loose their money at such age. Where do you expect them to start from? With this particular opinion, don't be surprised when you see underage children engaging in all sort of social vices or even committing suicide because you see nothing wrong loosing money at that age.

Children at the age of 10, 15 to 18 are not suppose to be independent and live by their idea but rather at the guidance of their parents or guardians. If you want to teach them trading at that age then it should be strictly monitored and with demo account. We know technology is advancing and open the eyes of our children already but exposing them to too much internet and money related things at such each corrupt them and cause them more harm than good.

18 is the age when a kid is no longer a kid. In some countries starting from 18, a person is able to buy alcohol, smoke and gamble. In some countries it is allowed for 14 year old kids to trade and operate with money. In some countries, parents, when their kids becomes 18, release them to adult life (basically kids leave parents houses by themselves and start their own life). And you suggest that kids should "be around till 18".

I think you and we should let kids be more independent. Otherwise we will get society, when kids live with their parents and on parents expense till they are 30. Even at 14 the kid is no longer a kid. And with access to the internet, they grown up much faster. Even at school they are taught logical thinking and importance of money. 14 is a good age for kid to start learning to trade, invest. I see nothing bad if kids looses all of his money at that age from bad investment. It is better to do mistake when you are young, learn from that and dont repeat that, than do that mistake at 30.

14 years are less, i think you should wait for him to be around 18. Because money is not everything, he should enjoy his life but if his enjoyment is in learning trading then i think only teaching him/her will be a good idea like you can make him Demo accounts or teach him backtesting trading. But for both, he needs, great knowledge of trading fundamentals, and i was at that kid place and my enjoyment is in learning trading from a person (you) which i don't know-how is in trading, but if you are good, then i think i will become rich around 25 because until then, i will be a pro trader and memory is quite remarkable i early age so that's a good age to teach some kid trading.

But you should have to give him moral lessons like, the use of money, how to control sentiments, and how to control your behaviors along the market behavior so that your loved ones do not be affected by you. And you also have to teach him money is not everything, etc., etc. But that's a good opportunity for a kid to learn to trade because if i were given a chance i will take it (eager to learn it) just like that kid.

Advice for you, please do not spoil the kid if you are going to teach him, because it depends on you, how you reshape his mind. And be polite and make the learning process fun for kids. Plus if you still afraid to teach him then simply ask his parents first if they allow you to then proceed.

I think this is very risky idea, you know children's needs to play or study they need to enjoy life being a children not a trader or not to work for money, they have a guardian to provide thier daily needs and they need to go to school to learn, it means they are still in the stage of learning or thier mind is not prudent enough to do trading works. So for me it is a no maybe if they are 17 to 18 years old they can start trading but if they are still 12 to 14 years old that is still very risky to let them trade.

there are no obstacles for everyone to trade, even a 10 year old child if you can already trade crypto then please trade,
I have a 12 year old brother and I have taught him to trade, until now I am grateful he can get what he wants.