Is it legal for our kids to learn trade? - page 5.

gunhell16

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Quote from: virasisog on March 17, 2023, 06:05:37 PM

Teaching them at an early age is not a problem as long as they can understand and adapt teachings about trading. It's a good thing to introduce it to them while they are young but of course, we must also educate them about the risks.
We can't impart them the trading knowledge but it shouldn't be their focus. We must not require them to do trading yet and we should let them enjoy their childhood first. We can teach them but we must let them do it when they're at the right age and when they are mature enough to make concrete decisions. We know how risky trading is and it needs intellectual knowledge especially when it comes to decision-making.

I agree with what you said dude, at that age he can understand we just need to level the explanation to him based on that age. It's good if it's good to do that, as long as what's needed is for them to take the initiative to find out what bitcoin is and why it's important.

For example, I have a son who will be that age, I will show him the usage of bitcoin, I will not explain anything to him about it yet, I just want to familiarize him with how it is used and how it helps, because in this case, it is a possible to start in his mind to ask about it.

tjtonmoy

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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 love curious people. If any child is eager to learn something, you should teach them. It's our duty to pass over the knowledge to the next gen. You can just teach them the concept and how does it work. Just because they know something, they are not obliged to do it. They can do it when it's the right time to do it. I have seen kids spending money on online games at that age. Total waste of time and money. It is good that a kid at that age is trying to learn something that can help him in the future. It's not necessary to start with $100/1000 at first. You can trade with $2-5 in binance. I don't think that's a heavy price to pay in order to learn something so important.
Also if you are not willing to lose that small amount of money, why not try with trial funds. One platform that I know which gives you a trial fund to trade is moonxBT. I am not saying this for that platform. I just know that, so I shared [DYOR].
I am happy to see that the next generation is willing to learn something, which will become essential in the near future. Practice makes you perfect. So it will give him some much time to improve himself if he starts at an early age. That's all I can say here.

virasisog

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Teaching them at an early age is not a problem as long as they can understand and adapt teachings about trading. It's a good thing to introduce it to them while they are young but of course, we must also educate them about the risks.
We can't impart them the trading knowledge but it shouldn't be their focus. We must not require them to do trading yet and we should let them enjoy their childhood first. We can teach them but we must let them do it when they're at the right age and when they are mature enough to make concrete decisions. We know how risky trading is and it needs intellectual knowledge especially when it comes to decision-making.

lousie9

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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

in my opinion totally unsuited to go into trading in my opinion if he or she is under 18 years old.

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

because I think is too risky for them to go in to trade for now.

actually you have answered your own question right?. you already know that it would be too risky for the child and trading is not an easy thing to do even by us.
I think their thoughts and mentality are also not ready to accept trading materials because they do not have maturity in making decisions and emotional stability.
but if you teach him basic terms in general, I don't think there is a problem because maybe the child is talented in trading if he is old enough and indirectly you have provided a foundation of basic knowledge about trading.

Wapfika

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Quote from: GreenStox on March 14, 2023, 12:19:15 PM

I don't think there is a law that regulates it, but in my opinion it's not a wise choice, young people are usually easily carried away by emotions, while trading is an activity that must regulate our emotions, that's why trading can't be done by random people.

It will still depend on child capacity and ability to analyze and understand how it works. Some teenagers or adults can't still do trading as they find it hard so if the kid is smart enough to grasp and understand how it is done then it will be fine. We're in a advanced generation now some kids where smart now to understand how to use gadgets or computers than adults. It will depend on their intellect to understand but of course it must be guided by parents as well if they wanted to do it without pressure and provided they still have time to enjoy their childhood.

Hamza2424

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In my view in the initial stages trading is an emotionally stressful job so if you are forcing or guiding your child to learn trading then you putting them under huge pressure. So I think, they are gonna suffer a lot if they go through this hard process. I think that is the only reason that i will recommend you to not put your kids in this stressful business.

Trading is a powerful skill and it is gonna be one of the most valuable skills in the coming days as well but during learning this skill a person needs to go through a lot of hard experiences and I will recommend this skill for teenagers from 16 to 21. From a legal or illegal point of view, I am not sure about it because I have never heard of such age restrictions on learning any skill.

Quote from: GreenStox on March 14, 2023, 12:19:15 PM

I don't think there is a law that regulates it, but in my opinion, it's not a wise choice, young people are usually easily carried away by emotions, while trading is an activity that must regulate our emotions, that's why trading can't be done by random people.

Well said due I was trying to explain the same thing above, emotion control plays an important role in trading. Trading plays with human psychology.

Farma

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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.

Kgdktac

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The key here is proper education and guidance, if you can afford that, then I'd say it's better to start learning early cos there's a lot to know.

If your friend is interested in learning about trading, it is expedient for him to start with educational resources, such as books or online courses, To learn, But you'll have to closely guide him

albon

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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 not think that trading will be easy for them at this age, it will be very complicated for their age, but their father or someone older than them and has experience in trading can start by teaching them the basics, how trading works, and its mechanisms, and help them understand the crypto market, trading tools, and potential risks by using demo accounts on trading platforms as they are risk-free accounts. Through educational resources such as books, videos, and activities and through the explanations provided to them in simple terms, they can learn technical and fundamental analysis gradually and learn about the different factors that affect cryptocurrency prices, in addition to teaching them patience and discipline as they are essential to do successful trading.

Unbunplease

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Quote from: adzino on March 16, 2023, 03:08:40 AM

Sure it's not a bad thing to teach them how to trade. Giving financial literacy from the very young age is actually important and a smart thing to do, but you shouldn't jump right into trading. Better to start with the basics and let them learn about financial managements and the risks associated with it.

Instead of trading with read money, maybe let them use demo accounts where they can simulate real market trades and become more comfortable and get to learn about trading without risking anything.

Usually demo trading creates a deceptive impression, because not all the laws of the market work in this mode. A person, having earned a lot of virtual money, enthusiastically begins to trade with real money - often quite a lot of real money - and as a result often fails. It is better to trade with real money - but a very small amount.

Smack That Ace

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Quote from: Natalim on March 14, 2023, 05:33:38 PM

Quote from: Rabata on March 14, 2023, 05:05:55 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.

Trading platforms are usually a sensitive place. Where there is a risk of losing money due to a small mistake. But if one wants to learn trading then he can learn. Must be mature in this case. Because trading requires patience. Kids will not be able to endure this. But if they want to learn it slowly then surely something will be good. It would be better to teach them trading through demo trading instead of real trading. But I don't know if there is such opportunity in crypto or not.

Most exchanges have a demo account that would help beginners to learn and familiarize their platform. Perhaps, they could use it and enjoy trading while not using real money. Having 3 years of experience using a demo account before they reach their legal ages to trade, we could really think that it was too much exposure and expecting positive results when doing actual trading. Yet, it doesn't mean that it gives them too much confidence that they can make it well because we know the nature of trading, losses are inevitable.

Although I do not encourage and like to use a demo account to start trading because it does not feel realistic as a real account. Our emotions will be confused when we switch from demo to real accounts, and we will make more mistakes. But in the case of OP, I also offered to use a demo account for that friend because he was too young and was not ready to start trading. It can be said that we only seek to satisfy his curiosity, but we cannot teach him about trading at that age.

Inwestour

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Quote from: adzino on March 16, 2023, 03:08:40 AM

Sure it's not a bad thing to teach them how to trade. Giving financial literacy from the very young age is actually important and a smart thing to do, but you shouldn't jump right into trading. Better to start with the basics and let them learn about financial managements and the risks associated with it.

Instead of trading with read money, maybe let them use demo accounts where they can simulate real market trades and become more comfortable and get to learn about trading without risking anything.

Have you tried trading on a demo account? I will say that for me it did not give any advantage in real trading and this is what many successful traders say, demo trading will not give anything because you do not feel real responsibility, it will just be like a game that you can start over again without any losses.

And if you trade for real money, even for insignificant funds, you will get much more experience, since every action you take will be deliberate and every wrong action can lead to loss of funds.

bakasabo

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Quote from: adzino on March 16, 2023, 03:08:40 AM

Instead of trading with read money, maybe let them use demo accounts where they can simulate real market trades and become more comfortable and get to learn about trading without risking anything.

All these demo accounts are useless, as they dont give real experience of a trader. It is like beating games with god mode on. In addition, kids and adult trading (graphs, orders, wall of numbers and etc) that is boring. Playing monopoly will be more than enough to learn how to trade, hold and create offers on the market. If kids are interested in more than simple trading as an instant exchange money for item or service, then I think they need to wait until they grow up and become adults, as adults are more cunny than kids. When kids think about 3-5 steps forward, adults already have a plan for 30-40 steps forward.

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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.

Sure it's not a bad thing to teach them how to trade. Giving financial literacy from the very young age is actually important and a smart thing to do, but you shouldn't jump right into trading. Better to start with the basics and let them learn about financial managements and the risks associated with it.

Instead of trading with read money, maybe let them use demo accounts where they can simulate real market trades and become more comfortable and get to learn about trading without risking anything.

Litzki1990

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It can never be safe to teach trading to 10 to 15 year olds. Must be an adult to trade. Because in adulthood, people's ability to make decisions increases, as a result of which the possibility of making mistakes in work is much less. But 10 to 15 year old children don't have such sense to make any big mistake at any time. So first educate your children with adequate education then when you realize your children are grown up and have enough sense then teach them about trading. In order to do trading, one has to have knowledge about many things and one has to do enough research about the market, hopefully it is not possible for children of 10 to 14 years to do this.

Woodie

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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

I think the best students come from children learning when they are still young and have a teacher/mentor to help them grasp this new skill and if they have you to be there to teach them how to trade indeed they will be great expert's in trading.

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

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.

Don't you think it's unfair to underestimate his abilities...and because his eager to learn I think he is more likely to be interested in this topic of trade unlike getting to learn about in when they are older which is the more reason you should equip him with the right tools to trade..you will be surprised how well they will perform as the interest in this subject is there...

touseefahmad1999

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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.

Yes, it is legal for children to learn a trade. In fact, many vocational schools and apprenticeship programs allow students to begin learning trades while still in high school or even earlier. The age requirements and regulations for learning a trade may vary depending on the country or state where you live.

However, it's important to note that while children can learn a trade, they may not be able to work in certain professions until they reach a certain age and obtain the necessary certifications or licenses. It's also important for parents and guardians to ensure that any trade programs or apprenticeships their children participate in are safe and comply with applicable labor laws and regulations.

MiF

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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 think you know already the big risk of trading, that is why don't let your child do it without a your guide specially when they are still newbie, you can guide them and if you know that they can trade on their own then you can leave it to them, the children now a days are curious all we need to do is to guide them and make them more responsible on doing trading, gaming,investing, etc., because it involves money and reputation.

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Quote from: Rabata on March 14, 2023, 05:05:55 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.

Trading platforms are usually a sensitive place. Where there is a risk of losing money due to a small mistake. But if one wants to learn trading then he can learn. Must be mature in this case. Because trading requires patience. Kids will not be able to endure this. But if they want to learn it slowly then surely something will be good. It would be better to teach them trading through demo trading instead of real trading. But I don't know if there is such opportunity in crypto or not.

Most exchanges have a demo account that would help beginners to learn and familiarize their platform. Perhaps, they could use it and enjoy trading while not using real money. Having 3 years of experience using a demo account before they reach their legal ages to trade, we could really think that it was too much exposure and expecting positive results when doing actual trading. Yet, it doesn't mean that it gives them too much confidence that they can make it well because we know the nature of trading, losses are inevitable.

Rabata

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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.

Trading platforms are usually a sensitive place. Where there is a risk of losing money due to a small mistake. But if one wants to learn trading then he can learn. Must be mature in this case. Because trading requires patience. Kids will not be able to endure this. But if they want to learn it slowly then surely something will be good. It would be better to teach them trading through demo trading instead of real trading. But I don't know if there is such opportunity in crypto or not.

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