Is it legal for our kids to learn trade? - page 4.

stomachgrowls

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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. Trading is more like gambling and most gambling sites only allow users from 18 and above to use their platform.

As a parent then i would really just wait for the right time for them to ask about financial aspect or something in related with investment because this is the time on which they are really that curious into something but

of course as a parent then you should be aware on what your kids been dealing with because its likely that they would really be that secretive on whatever they have recently learn.This is why you should really

know on how to timing out in speaking about discussing this thing to your kids on the right time.You wouldnt really be that dumb enough as a parent on explaining things which arent that they do
able to understand specially on their young age.There's always a right time for everything.

sokani

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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 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.

mvdheuvel1983

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Ain't nothing wrong with teaching kids how to trade. Nothing bad at all imo. The thing that may be wrong would be teaching to make money instead of to get knowledge of proper trading strategies, proper risks management, and other things that can set them up to become great traders in the future if that's the path they choose to follow.

Chilwell

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Quote from: Oshosondy on March 08, 2023, 03:19:01 AM

Do not encourage him, but if he continues to seek for your help, first start with all the disadvantages of trading, there are real life cases of people that have lost millions to trading and regretted about it, you need to show him all these to let him know where to start and what to avoid.

A child may be eager to learn about trading at this age, unaware that trading is more than just making money. He is correct, but there is more to it. You must be cautious because, at this age, he will have no concept of losing money; all they care about is making money. To add to what you have said, it is important to understand the disadvantages of trading as well as the risks involved. Because the child does not have his or her own money, you must exercise caution to avoid losing your money.

Encourage him and teach him everything he needs to know about trading; a child at this age who is willing to learn trading will be a great Trader, successful Trader, and expert in the future, so just do what is necessary.

Anguwa

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Everybody have his choice of training their kids which is a mind question that you will be only to have an answer this question. In my opinion, I will teach them because their age is in the certain age range at which children get things as quick as possible, so teaching them is good idea because in case you wants to leave your savings in the wallet as an old man, if they know how aid Bitcoin transactions, it will be more easier to access

awik p

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Quote from: Dragonfund on March 27, 2023, 04:56:29 PM

Quote from: Digital_Lord on March 26, 2023, 02:06:02 PM

Although the trading is very risky but one thing should be remember that by tolerating failure and taking risk we can go ahead but if we don't face such situations then how we will learn. I think that you should engage your children in such activities because in few years he will just make experience and will do better by experiencing through gain and loss. If there is nothing to do and you have a firm believe that your child will engage in trading in future then surely its a right time to make his concept clear about trading. He will get some knowledge from you and some knowledge will be easy for him because of facing gain and loss situations.

It is a good idea but the age of the children is very essential before exposing the children to all this kind of financial instruments, if they are below 13, I will teach them on paper and the knowledge they need as a foundation and when they come of age like 18+, I will teach them the main trading that will have to do with real money because I will want my kids not to be expose to money at earlier stage of their life. Children are very smart that when they becomes expose to money, they would probably not want to be interested in anything again except money and money.

children under 18 years old would be better taught theoretical knowledge and discipline, this is related to attitude. whereas if it's been more than 18 years, it means their ego has started to form, so we can train them in real trading. with the experience gained, they will match the theory and be able to take lessons from what they experience, so that later they can trade well

Dragonfund

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Quote from: Digital_Lord on March 26, 2023, 02:06:02 PM

Although the trading is very risky but one thing should be remember that by tolerating failure and taking risk we can go ahead but if we don't face such situations then how we will learn. I think that you should engage your children in such activities because in few years he will just make experience and will do better by experiencing through gain and loss. If there is nothing to do and you have a firm believe that your child will engage in trading in future then surely its a right time to make his concept clear about trading. He will get some knowledge from you and some knowledge will be easy for him because of facing gain and loss situations.

It is a good idea but the age of the children is very essential before exposing the children to all this kind of financial instruments, if they are below 13, I will teach them on paper and the knowledge they need as a foundation and when they come of age like 18+, I will teach them the main trading that will have to do with real money because I will want my kids not to be expose to money at earlier stage of their life. Children are very smart that when they becomes expose to money, they would probably not want to be interested in anything again except money and money.

GiftedMAN

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First off, how well does the child know financial education? A child of 10-15 years of age isn't a baby anymore and I believe before he or she developed interest in trading he or she must have watched you several times and it is based on the understanding he has that makes him want's to venture into trading I believe that's why he wants you to teach him.

I see no wrong if you teach him how to trade but you need to take permission from his parents so you don't end up being a bad friend to them and try not to encourage the child to start trading with money a demo account can be created for such kid for a start so that when he's of age to having money he can start trading officially then he will have a very good experience and he would not make mistakes again.

inthelongrun

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No one is stopping anyone from learning how to trade. The issue however is opening an account to an exchange since I assume they are not allowing minors to do that. But secretly, anyone that is not a minor can open a trading account to be utilized by the minor.

But first things first, trading is not a walk in the park. To test the ability of your kid, why not create a demo account and let him use it and see if he is indeed willing to undergo the vast lessons to be learned in the world of trading. Challenge him to profit using a demo account. And if he is indeed profitable then you can provide him a real account but just start with small amounts like a hundred dollars.

TopTort777

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OP - you are weird. A kid wants to learn, get new experience and you see a problem in it. It is better to learn now, because in future that kid wont have time for that. That kid should learn the value of money and responsibility today, not when he will be 30 y.o.

My kid is still very young, I would say a very trustful. I let my kid to go to the market and buy fruits she want. I must stress that the market is not a shop. There, seller can easily scam with products weight, quality, dont give change money. My kid only know how to add prime numbers so far. Never been scammed so far. So the sooner the kids know how to trade, what is money and etc, the better it will be.

Inwestour

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Quote from: SOKO-DEKE on March 27, 2023, 05:12:00 AM

For any child at between range of 10-15years above that is eager to acquire knowledge about trading I don't see anything that is wrong about that, sofar the child just want to learn not to trade, the idea is okay. If such age can start learning basic things about trading I believe before clocking 18years he/she could have acquire more than enough knowledge and that will be a great help for he/she. But the only thing is that trading is risky and it will be too risky for child to involve in trading at that age below 18 years,so let not give any child below 18 years money to trade, infact money expose child to some dangerous things.

This is too complex a question and I am rather inclined to believe that we can keep children away from such complex activities at an early age. I understand that if he wants to, he will still be engaged in trading, but we can control this at an early stage and explain all the risks.

You can give him money, he will most likely lose it, this will not be a problem, the main thing is how he will perceive it, how mentally he will be ready for it.

SOKO-DEKE

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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.

For any child at between range of 10-15years above that is eager to acquire knowledge about trading I don't see anything that is wrong about that, sofar the child just want to learn not to trade, the idea is okay. If such age can start learning basic things about trading I believe before clocking 18years he/she could have acquire more than enough knowledge and that will be a great help for he/she. But the only thing is that trading is risky and it will be too risky for child to involve in trading at that age below 18 years,so let not give any child below 18 years money to trade, infact money expose child to some dangerous things.

xSkylarx

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Quote from: Alphakilo on March 27, 2023, 02:18:36 AM

Early age trading to me is a fantastic idea. I personally welcome the idea most especially if the kid is wise enough to learn the strategy step by step. A child of 15years who is eager to learn trading should be allowed to do so because before he turns 25 to 30 years he would be doing so well in trading.
But you have to make the kid understand the other side of trading which is the disadvantaves of trading so that he will be aware of some ofthe trading consequences so as he grows he will learn a trading strategy that will work perfectly for him or her.

As long as that kid is willing to take it and not just being forced as not all kid are the same.It is really best to teach them at early age this is like those sports superstars that they already trained their child since early age to love the sports that their parents doing and dominating it so that they could follow the steps of their parents, for sure if that kid you taught would be a better person when he is old enough and understand how the world works.

Alphakilo

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Early age trading to me is a fantastic idea. I personally welcome the idea most especially if the kid is wise enough to learn the strategy step by step. A child of 15years who is eager to learn trading should be allowed to do so because before he turns 25 to 30 years he would be doing so well in trading.
But you have to make the kid understand the other side of trading which is the disadvantaves of trading so that he will be aware of some ofthe trading consequences so as he grows he will learn a trading strategy that will work perfectly for him or her.

suzanne5223

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Quote from: Digital_Lord on March 26, 2023, 02:06:02 PM

Although the trading is very risky but one thing should be remember that by tolerating failure and taking risk we can go ahead but if we don't face such situations then how we will learn. I think that you should engage your children in such activities because in few years he will just make experience and will do better by experiencing through gain and loss. If there is nothing to do and you have a firm believe that your child will engage in trading in future then surely its a right time to make his concept clear about trading. He will get some knowledge from you and some knowledge will be easy for him because of facing gain and loss situations.

If we judge by "tolerating failure and taking risks" I don't support kids through crypto trading activities because even an adult barely handle well the failure and risks of cryptocurrency trading.
It is better to make the kids participate in other aspects of the crypto market until when they will be ready and get a better understanding of trading within 1-3 months shouldn't be a problem when they are ready since they are already into crypto.

Digital_Lord

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Although the trading is very risky but one thing should be remember that by tolerating failure and taking risk we can go ahead but if we don't face such situations then how we will learn. I think that you should engage your children in such activities because in few years he will just make experience and will do better by experiencing through gain and loss. If there is nothing to do and you have a firm believe that your child will engage in trading in future then surely its a right time to make his concept clear about trading. He will get some knowledge from you and some knowledge will be easy for him because of facing gain and loss situations.

Inwestour

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Quote from: Yamifoud on March 26, 2023, 04:17:30 AM

It is a reason why we just teach people or a kid when they are seriously interested and when they are mature enough to understand this. Teaching kids is not an appropriate time for them as they are too young for this to take big responsibility. Honestly, learning about trading is not just about knowing the logic and the strategies, it is very important for them to experience a real scenario as this will help them fully understand how trading works. And the question is if they can really take the risk and stress. And I guess not...

Perhaps you are right about the fact that for an unprepared psyche of a child, this can be too much stress. Even not every adult can mentally cope with the stress of trading, especially when there are situations in which you lose a lot of money.

We can talk about the preparation and theoretical study of materials, but it is difficult to talk about real trading. Unless it should be under the supervision of an adult, but then it may not be his experience, but the one who helps him, in which case this will also not be the best option.

Yamifoud

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Quote from: SirLancelot on March 18, 2023, 10:50:21 AM

Quote from: Farma on March 17, 2023, 04:30:34 AM

I think, if you only teach them the basic knowledge, regarding explanations, and some points in it, it won't be a problem. it would be better if they know about trading and the risks from us. However, I think, they are still not ready to trade for real. it might be better to teach them at 16-17 years old. it can be an introduction for them before they actually try to start their own trade. is it legal? well, if it's just teaching about I think that it's a legal thing. we know that many subjects that are "mature enough" are taught in school.

But, for what reason you're doing this if they won't do trading after the lecture? I think it's only a waste of time. If you think your kid is too young for this then just wait for them to be at the right age before you make a move so that the lessons are going to be fresh on their mind than if you will do some pauses because they will only forget what they have learned.

If you ask if crypto trading is legal or not I think this will also depend on the country that we are living and not just by the age of the person that will do it because there are some countries where crypto is still illegal. It's important to check these stuffs first so that all the efforts aren't going to be wasted.

It is a reason why we just teach people or a kid when they are seriously interested and when they are mature enough to understand this. Teaching kids is not an appropriate time for them as they are too young for this to take big responsibility. Honestly, learning about trading is not just about knowing the logic and the strategies, it is very important for them to experience a real scenario as this will help them fully understand how trading works. And the question is if they can really take the risk and stress. And I guess not...

LUCKMCFLY

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Quote from: xSkylarx on March 11, 2023, 08:49:07 AM

Quote from: LastKiss on March 11, 2023, 08:11:46 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.

Well, trading is very risky and plus when a kid trades it becomes more riskier but if a kid wants to "only" learn how to trade then we can give them a try and some guidance. Don't make them try to learn to trade and end up becoming an addiction because don't have the knowledge and depend on his luck. You can wait until he a little grow up because 4 years is not that long.

How it become more riskier? I mean a child just trading as they got curious about it. Also, I am not sure they got addicted to it because at first, trading is not interactive, unlike gambling, so it is more risky for them to get addicted unless they keep winning and earning money, which increases the possibility of addiction. I don't see any risk for them as long as they know what they are doing. I mean, in trading, it takes knowledge, and even at first, before you start, you need to do a lot of research.

The trade that I want my children to learn is obviously trading, but that they don't learn it as I have learned it, that they learn through books, because books are the best teachers, if books are simply nobody, In this case, we as good parents must offer the best for my children. I studied a career, I prepared myself a lot to work for another, for me education is corrupt, because it doesn't teach you how to make money, it's to work for others, that's It doesn't make sense to me, if my children tell me that they want to study more, I offer them to read tading books, or to enter a business school and until they make their own money I won't let them do other activities.

SirLancelot

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Quote from: Farma on March 17, 2023, 04:30:34 AM

I think, if you only teach them the basic knowledge, regarding explanations, and some points in it, it won't be a problem. it would be better if they know about trading and the risks from us. However, I think, they are still not ready to trade for real. it might be better to teach them at 16-17 years old. it can be an introduction for them before they actually try to start their own trade. is it legal? well, if it's just teaching about I think that it's a legal thing. we know that many subjects that are "mature enough" are taught in school.

But, for what reason you're doing this if they won't do trading after the lecture? I think it's only a waste of time. If you think your kid is too young for this then just wait for them to be at the right age before you make a move so that the lessons are going to be fresh on their mind than if you will do some pauses because they will only forget what they have learned.

If you ask if crypto trading is legal or not I think this will also depend on the country that we are living and not just by the age of the person that will do it because there are some countries where crypto is still illegal. It's important to check these stuffs first so that all the efforts aren't going to be wasted.

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