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,
It's not okay or rather not old enough to bring the burden of investment in that age. I'd say they need to wait few years more in order to be eligible for investment, it's not their age to do it yet and I don't think they can manage the emotion and risk of trading because they are too young, they need to learn other things first. Also since most of the trading sites(exchanges) are required to do KYC and I doubt they will fulfill the requirement to do that unless they use parents identity. But still depends on where you live, it's not okay to do and considered illegal.
Topic: Is it legal for our kids to learn trade? - page 6. (Read 1282 times)
I want to know if it right for children that are of 10-15years go in to trade or not
If you asked whether it is suitable for children aged 10-15 years, of course I think it is not suitable for children of their age. You already know right, even trading is not an easy thing if it is done by those of us who are teenagers or adults, who might say we already have a lot of experience, good cognitive abilities and better self-management than them, right?. Especially for children their age, I think it might be very draining and time-consuming for them.It's natural for them to be interested because indeed they are at an age that is classified as always wanting to try and be attracted by new things. But if you doubt it's too risky for them at this time you should be wise in explaining it to them, not just rejecting their curiosity without giving a clear reason because maybe it will make them less enthusiastic to always learn something new.
If indeed they are really interested in learning to trade, maybe you can teach them "theoretically" about the basic knowledge or general knowledge that they must have before actually deciding to get to know and pursue the world of trading someday. Even if it's just a general theory, at least you have provided them with basic knowledge that is important for them someday.
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.
Yeah right, especially with those who doesn't have any experience yet they are the ones who are easily swayed just by the enticing profit shown from other people. I don't know if children could come up with any idea how to control their emotions but if you believe the has it in him then let him try then watch how is it going but I'm sure it would turn out like a gamble if he had a lot of losses but still continue which means chasing losses. But if the kid can pull it off and does know what he was doing then I would say that's a talent. 
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.
In my opinion, the earlier a child becomes accustomed to financial literacy, the better. Of course, you should start trading on demo accounts. You should only switch to trades using real money when the child achieves some success with simulated trading - but not before. I wish that when I was a kid I had a chance to learn how to trade properly
True, speaking of demo, I think there's some games that are include trading mechanics which doesn't use real money. They can enhance their trading knowledge and experience but we all know that trading is not just like a game which you have to risk your money. Trading is not a game no more for kids just to simply trade goods and assets for them to profit. It would be better to simply teach them little by little as they grow or let them to learn on their own. So when they can invest by themselves they have already idea how trading works of course we can assist them for a second opinion in their decision but it's already up to them to decide. Give them knowledge but don't let them trade first as if they loss assets, you are still responsible.
In my opinion, the earlier a child becomes accustomed to financial literacy, the better. Of course, you should start trading on demo accounts. You should only switch to trades using real money when the child achieves some success with simulated trading - but not before. I wish that when I was a kid I had a chance to learn how to trade properly
The aged of 10-15 years old already can understand what people are saying, they already know something about right and wrong.
Although most people at that age enjoy being young or teenager, it can be said that there is nothing wrong if you teach trading as long as there is an interest in it. That's what's important, the one who makes a way for you to teach him/her to understand it.
Then no law prohibits teaching such an age about crypto trading or bitcoin.
I think around 15 years above they have understand about financial and economic and in my country under 15 years old have looking side job to earn money. Its seems have been easy to teach our children after 15 years old to understand about Bitcoin and cryptocurrencies exactly guide them to learn trading.Although most people at that age enjoy being young or teenager, it can be said that there is nothing wrong if you teach trading as long as there is an interest in it. That's what's important, the one who makes a way for you to teach him/her to understand it.
Then no law prohibits teaching such an age about crypto trading or bitcoin.
Giving basic rule or information about cryptocurrency is most important before they are going to specific coins for trading and minimize loss in cryptocurrencies trading. Depend on each countries culture because some countries over 10 years old they have understand all about financial but some countries on 10 years still busy how to play every evening.
The aged of 10-15 years old already can understand what people are saying, they already know something about right and wrong.
Although most people at that age enjoy being young or teenager, it can be said that there is nothing wrong if you teach trading as long as there is an interest in it. That's what's important, the one who makes a way for you to teach him/her to understand it.
Then no law prohibits teaching such an age about crypto trading or bitcoin.
Although most people at that age enjoy being young or teenager, it can be said that there is nothing wrong if you teach trading as long as there is an interest in it. That's what's important, the one who makes a way for you to teach him/her to understand it.
Then no law prohibits teaching such an age about crypto trading or bitcoin.
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.
Just let him/her be on what he would want to do as long you do explain to him/her about the risks of losing money.If we do speak about legality then its understandable that everything should be 18 above but since we do have platforms which you could trade up freely without needing to submit any KYC then you could really make some trading no matter how young you are or on speaking about having no age restrictions as long you do know on what you are doing then that what really counts.We do know that the earlier the better and the more experience you would be getting the more better.
Time will come that on the right age he would really be that able to comply on whats been needed and wouldnt really be a problem when complying KYC.
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 no set legal age to "learn" trading, bro. Anyone, at any age, can learn to trade whenever they want or the eagerness is really there. However, on the technical side, these minors might not be able to experience the actual trading yet with their own respective trading account since KYC is a real deal. Should be of legal age where a person can provide Valid IDs and documents and related things.
But if the goal is to really teach children to do trade, experienced ones can provide some test or demo accounts just for these youngsters to familiarize the trading interface. After all, what can we do if these youngsters really want to learn trades rather than play outside with the usual kid's game?
nothing prohibits it and it's legal but still has a high risk, especially if you teach it to minors, their emotions are also unstable and easily provoked.
I don't think it's wise to teach him at his current age.
I don't think it's wise to teach him at his current 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.
If they are really eager, there might be something they see interesting about why they like trading at that age.
Therefore, let them enter the world of trading and guide them. Of course, just put them on the learning and studying part and not at the point that they will risk some money. They should get there soon.
You can observe that kid along the way and see if there's a significant change in his interest in trading, whether he really likes it or is just being carried away by something that he saw before on why there's an interest in doing it.
I was really thinking about a saying that LEARNING FROM A YOUNG AGE IS THE BEST so I guess same goes for trade, having the child to learn everything about trade first before getting to invest in it is good because it help him or her to know how to invest and it creates rooms for easy self employed. So I guess it isn't bed after all.
That is what we mean by preparation and it is just like how these businessmen teach and educating their sons/daughters to become ready as their successors in the future. But with that range of age, I think it was too early for them to get expose into trading. I believe it was better for them to just focus on understanding the concept of the crypto market. Ideally, it was best for them to start learning how Bitcoin works as they can easily understand when they already have enough knowledge about it. Because trading doesn't need to too much time to learn as it can be learned more when doing an actual trade.
I don’t think anything it’s bad for them to go into tradings, you don’t expect them to know everything about trading within a day, it’s a gradual process, you can start teaching them from the basics now, atleast whenever they turn professional and they start making money, they will be financially free and they won’t really be disturbing your money.
Initially you are right but you should come to of this I was at the age for my early 15 when I cought introduce into trade and I fine out that trade is not really good for kids that are not smart and creative as well, as at then I didn't even know were to start from after been thought I tired alot of times and I failed and I stop when I climbed 20 that was when I understand more about it and till was not doin much better, it will only end up making finish the little you have and it's not advisable the someone who is not working or having something that brings income to him or her to get in trade because trading requires money,while because when you are lossing out you have to add it up to bost you again to trade so I think is not really wise to teach a child on how to trade but in the other hand you can only show them that this kind of thing gives money but only when you have something doing that gives you money either monthly or weekly and that it will help them bost them when they invest in it but they have to be very careful about what ever they are doing in trading investment.
I don’t think anything it’s bad for them to go into tradings, you don’t expect them to know everything about trading within a day, it’s a gradual process, you can start teaching them from the basics now, atleast whenever they turn professional and they start making money, they will be financially free and they won’t really be disturbing your money.
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.
Kids are learning trading since their childhood. When they go to the supermarket, they are buying things. So we can not say that is prohibited. But my main point is better to learn about trading before actually doing it. My suggestion is to do the mock trading first. The main challenge is most of the centralized exchanges are not allowed to register under the age of 18.
Children 10-15 years are better to know general things/matters about crypto only. They are still not suitable to learn about trading or investing in crypto coins. It is too risky for them to learn trading, they are not mature enough to know it. I think 17-18 years old is the minimum age to learn trading or investment in crypto. At that age, someone already has the capability to determine what is good and bad. While Children 10-15 years, they still don't have the capability and probably don't understand the risk in trading.
Yes, that's right, trading is not something that is haphazard, you can't be careless in trading especially for children who are underage and sometimes even adults still have difficulties in trading, there is a lot to learn before plunging into the world of trading, one of which is by learning self-control when emotions are caused by experiencing a loss of money, in my opinion this is very vulnerable and high risk for minors whose psychology is still unstable.
Children 10-15 years are better to know general things/matters about crypto only. They are still not suitable to learn about trading or investing in crypto coins. It is too risky for them to learn trading, they are not mature enough to know it. I think 17-18 years old is the minimum age to learn trading or investment in crypto. At that age, someone already has the capability to determine what is good and bad. While Children 10-15 years, they still don't have the capability and probably don't understand the risk in trading.
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.
Kids are not prohibited to learn from trading as it will open them to a good opportunity to make and earn an income from trading. But kids emotions are not that established and stable and they easily burst out when things become out of control. That’s why kids are not advised to trade at their young age simply because they don’t have their own source of income that they can afford to lose from trading. And if they do, they might also develop trading addiction as they will never stop trading until they prove to themselves that they can make profits from trading. 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 see any illegality if kids will be taught about trading at an early age. Kids have different interest and passion so might as well enhance and develop it rather than discouraging them about trading. However, knowing the fact that trading is never easy and will always require complete understanding on trading before trying to engage in it, then your kid friend should not be allowed to trade for now as his mind is not ready yet to incur consistent losses as that’s what trading is all about for first timers. He’s free to learn actually but he should avoid trading for now knowing it could cause him trauma if he used up all his allowance from trading. Jump to: