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.
use cold money and it doesn't have to be a lot of money for a child who wants to trade. as a parent, you are in control of financial management, not your child. You have to be firm and monitor if your child has started trading, because everything takes time and material which is not enough A little 
Topic: Is it legal for our kids to learn trade? - page 7. (Read 1228 times)
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 learning everything is legal, even you can create something on your own which is considered as illegal by your country but you need to destroy it once you created it and that's how the learning works. To register on a decentralised exchange there is no need for any kind of verification so it means he can even continue to trade even after he gathered enough knowledge about crypto currency trading and risks.As a kid they need to stick on the basics which is to learn what is Bitcoin and then teach them how to store their coins safely. This is the same as when we teach them how to save money on a piggy bank. Decentralized exchange doesn't need any registration but you can simply connect your wallet on it and start using 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.
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.
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.
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.
It's a bit to early to rush 10-15years kids into trading, I believe they should be in high school studying with academic work after high school trading comes on, learning new stuffs is stage by stage that is why academic work has curriculum, exposure to trading now is very risky even if there isn't any age limit in trading because trading is highly tasking with huge challenges, teaching them trading now would create unnecessary distraction to their school work of course age is on their side thus pushing them into trading should be done at the appropriate time and period but now. 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 know about the laws in your country, but in my country it's legal for children to have their own brokerage account as long as the parents agree and take the risks. When I turned 16 I got my first investment account from my grand parents. I still remember that my parents had to fill out a lot of forms before I could actually sell and buy new stocks. It was all done with a bank where also my parents accounts were, so the bank knew there was enough capital to cover any losses. This was of course the lowest level of trading, only major stocks allowed without leverage and no advanced financial products. I think it's good if our children are interested in the financial industry and we should support their curiosity. It's also important they learn about the risks involved and should start very small.
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.
Some kids at 10 are more matured psychologically than kids at 14-18 years. Once a child is eager to learn i believe it is wise to teach them else they will learn it from a random source and what most parents will be scared will happen while hoarding the knowledge from their kids will eventually happen.Trading at an early age with close monitoring, mentorship and guidance will prepare the child well for the future. First the kids will learn to be independent at early age and secondly they will master the act early if well tutored, because at that age money is not necessarily their concern the just want the knowledge.
I think the market is in a bad condition and the trend is bearish at the moment, so my advice is to stay away from trading for these children, maybe at this age children are already active in the digital world and I don't deny it, but to understand the market I think it takes several years of experience, and not based on theory because market conditions are always changing according to world conditions.
As long as it's not illegal you could always teach them, and you can do that without using real money so the fear of losing money has been eliminated.
Just look for a good simulator and let them engage their selves in it, before you'll realize it they would already be able to read charts and do so many other things, don't let age restrict your children from knowing what will help them financially trading may be to make them to be financially independent when they finally start real trading
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Legal to learn? I guess (I'm not aware of any rules prohibiting anyone from learning it). Trading itself? Probably. Afaik most trading exchanges have that KYC rule and it's pretty much required to be above the legal age (in most cases it's 18 I think?) It's probably going to take a long time for him to understand the ins and outs of trading, and probably a bit of money if he ever does actually start trading, but that's usually how learning the trade goes. It's always risky regardless of when they enter, whether the market is bullish or bearish.
If it's for learning, I think it's still legal and kids under 18 can learn it but may not meet the requirements to register on the exchange. So they should use a demo account first to learn until they understand and if they are over 18-20 years old, they can register on the exchange.As parents, we must accompany the process of learning to trade until they understand. And tell them that trading is not easy. For crypto exchanges, I think some exchanges are not as strict regarding KYC regulations so they can try trading with real 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.
Trading is a risky activity, not only for 10-15 year olds, but all traders will take that risk.Children aged less than 15 years have more unstable emotions than children who are already teenagers. You may be able to infiltrate their cognitive abilities little by little, trying to teach them complex things and trying to help them control their emotions. But I'd be inclined to disapprove of teaching them about trading that fast.
I tend to agree more when parents succeed and help them in their academic pursuits rather than trying to get them to make money on their own when they are under 15 years old, but of course someone can disagree with me. Just follow the growth process as long as they are not ready about the complex issues of trading, and support them about the skills instead of teaching them trading.
Legal to learn? I guess (I'm not aware of any rules prohibiting anyone from learning it). Trading itself? Probably. Afaik most trading exchanges have that KYC rule and it's pretty much required to be above the legal age (in most cases it's 18 I think?) It's probably going to take a long time for him to understand the ins and outs of trading, and probably a bit of money if he ever does actually start trading, but that's usually how learning the trade goes. It's always risky regardless of when they enter, whether the market is bullish or bearish.
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.
You could teach them and also help managed their risk by been their guide to avoid them putting too much capital that could affect then if the lose in the trade. 15 years isn't too young, atleast a 15yeaes old could understand what you're teaching them and if they practice constantly using demo accounts they'll be professional when they're 18.
It'll be a good start to life as they won't have to rely on the system of 9-5 that has been designed by the government but can already make their own money and with their years of experience they'll ahead of others in the same trading market.
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 is not illegal so there’s nothing wrong to educate them at the early age as long as your intention is good and its your own kids. This is also my dream, to educate them financially and make them realize how hard to make money do that they can value it more than i do. Trading might complicated for them but in time they can get it, you have to share your knowledge to them in a timeline basis and don’t force them to get it in an instant, learning takes time and with trading they have to understand everything. 
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 is not illegal so there’s nothing wrong to educate them at the early age as long as your intention is good and its your own kids. This is also my dream, to educate them financially and make them realize how hard to make money do that they can value it more than i do. Trading might complicated for them but in time they can get it, you have to share your knowledge to them in a timeline basis and don’t force them to get it in an instant, learning takes time and with trading they have to understand everything. 
Kids between the ages of 10-15 should not be exposed to the concept of trade. A child of that age is in the custody of their parents and will be entirely dependent on them for financial support and other small luxuries. Introducing them to trading implies that you want them to begin swindling their parents or even other family members so they can trade.
I remember when I was that age(10-15years), I hardly have money on me because I wasn't working except for schooling. My day-to-day spending was the money my parents gave to me to buy candies.
In essence, I'm trying to convey that trading costs money, and a kid between the ages of 10-15 doesn't have any. Rather than being introduced to trade, which demands money, they should concentrate on their education.
I remember when I was that age(10-15years), I hardly have money on me because I wasn't working except for schooling. My day-to-day spending was the money my parents gave to me to buy candies.
In essence, I'm trying to convey that trading costs money, and a kid between the ages of 10-15 doesn't have any. Rather than being introduced to trade, which demands money, they should concentrate on their education.
I don't think it would be illegal because I've never heard of such a thing. But in my opinion it would be better to bring the kid in this line after 18 years. Because trading is very risky, there is a high risk of fund loss, and since under-aged children's understanding will be lower than that of a normal person, there is a possibility that they will make mistakes. But they can be given the basics but the details will be better taught after the age of eighteen.
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.
As per laws of the most of the countries, trading in the local securities and exchanges is allowed to an adult only a person who holds the income tax number. Even though there is no such restriction when it comes to bitcoin but eventually it ends up to your decision whether you would like to expose your child to this market where he will always be at edge of his seat and learning that other's loss is going to be their win. Most importantly he will not know the worth of money as per well so I think it's not really advisable, you can teach him technical analysis but don't give him live market access. Give him dummy accounts until he understands importance of money and then give him a real account 
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 is a skill and as much as the kid has passion for it and is able to graps what the charts are saying, it's no bad. I have came across a child of 15 years on YouTube that is very good in Chart/market analysis, precisely Bitcoin and also does some trading himself at his age. The main point and bottom line is what the kids are capable of doing, therefore I don't think it a bad if a 10-15 years kids gets involved in trading, however most preferable age to actually get my kids fully involved in trading will be from that of 14 years above, from this age they will be able to deal with emotions which is critical part of 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.
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?
Jump to: