Is it legal for our kids to learn trade? - page 3.

xSkylarx

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Quote from: Awraawra on April 24, 2023, 05:37:48 AM

Quote from: Sakanwa on March 08, 2023, 03:04:51 AM

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.

Too risky for that age to enter in trading its not good to for them too. Tell to him to focus now on his study and tell him that their is a right time and right age to learn in trading.
Trade is like a gamble they can lose or they can win so it's easy in that age to trade.

14–15 is better, like they are financially aware, like they are just playing, so for sure by the time they get to 18, they are already earning. I've seen a documentary about a trader that starts at 16 and now is 19 and is earning a pretty huge amount, but that kid just got curious about trading and made fun of it, but turns out he is successful at it.

Inwestour

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Quote from: Twentyonepaylots on April 24, 2023, 05:28:50 AM

Indeed, it is a good thing that they take interest in these things, but I think it is much better if they would engage in it using real money in the age where it is legal to do which is mostly 16-18 years old. Majority of trading platforms have limits on age so it would be hard for them to really use a platform to perform trading. Although there are some custodial accounts, it is better at least for them to wait until they reach a certain age to trade. I think at this age they can be able to fully understand the technicalities of it and know the risks that is associated with it. In this way, they can have a more subjective decisions on their own money on these types of risky activities.

By the way, yes, this is an important point, the trade must be on his own money, and not those that are given by parents, and for this child need to have some kind of work, not even a permanent one. He can also try to do this with pocket money that the child collects, but this does not change the essence, it should be the child’s personal money, then he will be more aware of their value and will understand the responsibility if it happens that he loses them.

Awraawra

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Quote from: Sakanwa on March 08, 2023, 03:04:51 AM

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.

Too risky for that age to enter in trading its not good to for them too. Tell to him to focus now on his study and tell him that their is a right time and right age to learn in trading.
Trade is like a gamble they can lose or they can win so it's easy in that age to trade.

Twentyonepaylots

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Quote from: Inwestour on April 24, 2023, 03:31:59 AM

Quote from: Nrcewker on April 02, 2023, 12:27:19 PM

There is certain age limit for each and every thing. Yes there are some exceptions, but the ideal age is already decided by filtering all the possibilities. If you go to any trading platform then definitely there is an age limit to trade. The reason for this is that, at 18 years of age, a child understands the responsibilities and sometimes start earning himself also. Trading should be done highly with own money only, so therefore all the trading platform allows only players above 18. You can teach your child about trading, if he is good enough to understand economics. Now when to trade or not and with whose money, completely depends on the parents.

A child can think about earning money before the age of 18, I think it's good when a teenager has a desire to earn money. But at this age, it should be a simple and understandable job for him, without the risk of losing all the money, since in trading this is likely to happen at first.

As for trading, I agree here, it should be done only after reaching the age of majority and with a mandatory understanding of the essence of this activity. To have an understanding of all risks and all responsibility. I would like to protect my children from such great stress, especially at a young age, and would try to explain how difficult this is.

Indeed, it is a good thing that they take interest in these things, but I think it is much better if they would engage in it using real money in the age where it is legal to do which is mostly 16-18 years old. Majority of trading platforms have limits on age so it would be hard for them to really use a platform to perform trading. Although there are some custodial accounts, it is better at least for them to wait until they reach a certain age to trade. I think at this age they can be able to fully understand the technicalities of it and know the risks that is associated with it. In this way, they can have a more subjective decisions on their own money on these types of risky activities.

bakasabo

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At first try to stop comparing your childhood and current kids childhood. We are completely different. Kids in our generation were more creative, current generation kids are very digitalized. As soon as they learn basics of math, most of them become basic good traders. As an example - try to buy p2p something from a kids in modern games like Minecraft, Roblox, from steam and etc. Even though you think you had a good deal, the kid will close that deal with profit. They are very creative. They have sort of a bettor processor. We have knowledge and experience, they have multiple core processors. They learn fast.

I am not trying to say that we should put kids in front of multiple screens with graph and teach them how to read them and trade like a professional, but just by letting them sit nearby, they can learn from yourself. I would let them watch, give suggestion, ask what they would do in that situation and etc (but final decision still would be mine). And it is better that I will teach them to trade, not a "successful trader or influencer from tik-tok/instagram/facebook, who sell his 1-day trading course of becoming a successful trader".

Inwestour

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Quote from: Nrcewker on April 02, 2023, 12:27:19 PM

There is certain age limit for each and every thing. Yes there are some exceptions, but the ideal age is already decided by filtering all the possibilities. If you go to any trading platform then definitely there is an age limit to trade. The reason for this is that, at 18 years of age, a child understands the responsibilities and sometimes start earning himself also. Trading should be done highly with own money only, so therefore all the trading platform allows only players above 18. You can teach your child about trading, if he is good enough to understand economics. Now when to trade or not and with whose money, completely depends on the parents.

A child can think about earning money before the age of 18, I think it's good when a teenager has a desire to earn money. But at this age, it should be a simple and understandable job for him, without the risk of losing all the money, since in trading this is likely to happen at first.

As for trading, I agree here, it should be done only after reaching the age of majority and with a mandatory understanding of the essence of this activity. To have an understanding of all risks and all responsibility. I would like to protect my children from such great stress, especially at a young age, and would try to explain how difficult this is.

JayTrain

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It's important to consider the risks and potential consequences before allowing children to get involved in trading. While trading can be a potentially lucrative endeavor, it requires a certain level of knowledge and experience to be successful. Children at such a young age may not fully understand the complexities of trading and may be more susceptible to making impulsive decisions that could lead to losses. It's important to encourage children to pursue their interests, but it's also important to ensure that they are mature enough to handle the responsibility and risk that comes with trading.

LUCKMCFLY

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It is very difficult for an adolescent to start working at that age, if it is probable, but those who are parents should tell them and make them choose, first that they study, and if they do not want to study they are told that they must work, the trades range from that even a sport, to keep their minds busy and not give them time to invent things that are not convenient, therefore what should be done here is to train an adolescent by letting them know what they must learn to defend themselves, for example a business school, that they learn about accounting, that they learn about business, I think that this is the best teaching for them to defend themselves much better in life, and if they know about that, it is easy for them to learn about market speculation and the investment.

MFahad

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In my opinion willingness and eagerness matters a lot so when he is interested in trading so there is no reason to stop him from doing so because he is not a kid now as he know that what is trading. At start everyone has difficulties it does not mean that we should avoid that successful path but we have to understand that these difficulties will make a way to a successful destination. You should give him a lesson about trading and tell him about the risk and how to manage the risk, how to take decision when the market is unfavorable so he will understand the thing easily. And also remember that one cannot make quick income but with the passage of time he will slowly start earning.

Sweetbtc

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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.

Those who go into business at a young age, if they try their hand at business, the experience at a young age can be a very good teacher for them in the future.But education of children is also very important because education is what teaches a person everything. Because education in every field gives a lot of benefits because one who does not have education cannot be successful in every field.My own wish is that my children should become experts in trading. But if the attention of children goes towards trading, it can have a bad effect on their education. In my opinion, there is no problem if basic information of reading is also given along with education.It can be a good strategy if you set aside some time in the day to expose them only to trading.But the main focus should be on education.

GazetaBitcoin

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Quote from: Fondarchand on April 02, 2023, 02:03:48 PM

There are not limitations of age for the cryptocurrency investment and trading

Actually, there are limitations. Many platforms require the users to be at least 18 years old. Ans such limitations are there for a reason.

Quote from: Fondarchand on April 02, 2023, 02:03:48 PM

First benefit of telling about this activity to your children is that they will be able of earning money and will help you in managing home's facilities.

Are you serious? Would you actually tell your own child to go earn a buck for the family by trading crypto? Is this the way your parents raised you? By telling you while you were a child to go and make some trades at Nasdaq? (Of course, back then there was not any crypto trading but regular trading existed.)

Quote from: Fondarchand on April 02, 2023, 02:03:48 PM

I think that parents should tell about everything which he do for himself because there comes a time when the children have to make money because money is the need of individuals.

This is true, but not at 10-15 years old. Children should be in school at that age, not trading crypto.

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teenager have active mind so they easily pick what they have to learned. There are not limitations of age for the cryptocurrency investment and trading so you can easily give knowledge to your children.

First benefit of telling about this activity to your children is that they will be able of earning money and will help you in managing home's facilities. Other benefit is that he will be familiar with all the things earlier which he have to learn later.

I think that parents should tell about everything which he do for himself because there comes a time when the children have to make money because money is the need of individuals.

Nrcewker

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Quote from: Unbunplease on March 31, 2023, 06:39:35 PM

As I think kids sooner or later will still want to try their hand at trading, so if you can, it is better to tell them about all the pros and cons, so they will make fewer mistakes if they ever want to trade. Who knows, maybe trading is their calling.

There is certain age limit for each and every thing. Yes there are some exceptions, but the ideal age is already decided by filtering all the possibilities. If you go to any trading platform then definitely there is an age limit to trade. The reason for this is that, at 18 years of age, a child understands the responsibilities and sometimes start earning himself also. Trading should be done highly with own money only, so therefore all the trading platform allows only players above 18. You can teach your child about trading, if he is good enough to understand economics. Now when to trade or not and with whose money, completely depends on the parents.

GazetaBitcoin

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Quote from: Sakanwa on March 08, 2023, 03:04:51 AM

I want to know if it right for children that are of 10-15years go in to trade or not

It's a huge difference between what OP wrote here and the question from topic's title ("Is it legal for our kids to learn trade?"). Morality is different from legality.

For sure, it's not illegal to teach a child about finances or trading. However, it may not be wise to. I, for one, would not teach my son about trading at 10-15 years old. There is a proper age for anything in life and it's not good to rush things. Perhaps it would be better to teach him about finances, not about trading.

Learning about money, how to keep them, their value et al are way more important for a child than trading, which is an activity where most of people only lose money.

qwertyup23

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Quote from: Sakanwa on March 08, 2023, 03:04:51 AM

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 do think that they are allowed but this must be under the direct and immediate control and supervision of an adult given the nature of trading is.

There are a few questions that came into my mind: does the teenager know how to trade in the first place? Is he/she aware of the circumstances and the risks involve in this kind of venture? Does the teenager have any prior experience in trading? Is he/she also knowledgeable about trading as a whole? etc.

If this were the case, then he/she must still be under the direct control and supervision of someone who is experienced in this field given that they are dealing with something that is potentially dangerous and risky.

goinmerry

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It's rare to see kids having an interest in trading. Those technical terms and confusing patterns and numbers won't probably catch a kid's attention.

But if that rare situation happened to kids, then give them serious attention as they likely have the potential to be well-knowledged traders at a young age.

Personally, for me though, I'd rather see my kids enjoying their life as usual kids as involving in trade can wait in the future while they are being matured.

gunhell16

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It's good to teach our child to do cryptocurrency trading. As it grows familiarize it with what we do or are inclined to it in crypto trading. There's no need to rush children to learn.

It seems that we should gradually make them aware that in this aspect they can see the beauty and help of it in our lives. After all, a centralized requires 18 years old and above to do trading activities, but with a decentralized platform, we can train our children so they can learn. And I don't see any law saying that teaching kids on any trading platform is prohibited for them.

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Quote from: Sakanwa on March 08, 2023, 03:04:51 AM

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 no law that forbids kids from learning things about trading. It is that platforms often prohibits a person under 18 years old to do trading. So I think it is ok to let your children learn about trading. Even if you wanted them to get involved in trading, I think the platform will deny them because as I stated, most platform terms and conditions only allow 18 years old and up to participate on their trading platform.

DoublerHunter

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Quote from: sokani on March 31, 2023, 05:22:40 PM

Quote from: Sakanwa on March 08, 2023, 03:04:51 AM

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 don't think it's wise of you or a parent to expose a kid to trading at such young age. Learning trading early is good but at such age could cause more harm than good. Crypto trading is more like gambling and most gambling sites only allow users from 18 and above to use their platform and there's a very good reason for this.

^ At that young age, any related to financial they should not engage it yet not unless they have a stable job to sustain trading.
Because trading at a young age may not be the best idea, especially when it comes to high-risk trading like crypto trading. Trading requires a level of knowledge and understanding of the market, which may not be easily grasped by younger children. In my own, younger children may not have the emotional maturity and experience to handle possible losses or the consequences of their actions so parents and guardians should encourage children to learn and understand the basics of finance and investment, but it is equally important to ensure that they do so safely and responsibly that takes into account their age and level of understanding.

Unbunplease

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As I think kids sooner or later will still want to try their hand at trading, so if you can, it is better to tell them about all the pros and cons, so they will make fewer mistakes if they ever want to trade. Who knows, maybe trading is their calling.

Topic: Is it legal for our kids to learn trade? - page 3. (Read 1270 times)