Topic: Is it legal for our kids to learn trade? - page 9. (Read 1282 times)

Are you sure that your child dreams of trading cryptocurrency, or maybe he has his cherished dream of becoming a doctor or teacher. And if he spends enough time studying now, instead of learning the basics of trading, then he will have a great chance to get a good education.

Trading is certainly hard and risky especially to those people who have no prior knowledge and experience in trading, most particularly for kids who have no own source of income and are clearly still immature when handling  losing and profiting made in trading. That’s why never let your kid’s friend do trading these days as it will only make him penny lost. But learn to guide him in his trading learning and develop his skills in trading so that he will be a significant trader in the future, as soon as he will be earning his own income and his mind will be mature enough.

It quite unlikely for them to be able to read the market movement effectively, but I don't think it's illegal for a child to trade, at least in my country. But still I wouldn't want them to start trading at such a tender age, or at least start real trading at that age, what I'll do is that I can just look for a good beginners course for them to learn at their free time and also look for a beginners friendly simulator for them to practice whatever they have learned in the course that way they can gradually develop themselves and when they finally come of age they won't be struggling to learn the basics again because they already know it.

Actually there is no problem when they learn to trade, but to jump right into trading practice it would be better to wait 3 or 4 years first. The reason is that if he trades now, then the risk is higher, he is definitely still relying on the money given to him by his parents, so don't let it backfire on himself. He must understand what trading itself is all about. He also has to know in advance how it feels to make money so that what he does later will be careful with the money he has. In conclusion, wait 3 or 4 years, even longer after he really understands. Because this is not a game played by children.

I'm skeptical about children going into cryptocurrency trading. I mean, what do they know about market analysis, technical analysis, or even reading charts? Are they going to "HODL" or "sell the dip"? Trading is not a child's play! It takes a lot of time and effort to learn the ins and outs of trading. Trust me; I've been there, done that! I once traded my little brother's candy for a toy car and regretted it later. So, my advice is to let the kids enjoy their childhood and not worry about trading.

There is no age limit to learn trading. But guess what many trading platforms has age limits of 18 years, and they don’t allow other person’s to use account of someone else’s trading account. Basically the person or child who has to learn should be aware of basic mathematics, how profit and loss works and when to buy when to sell. But generally these skills are not so sharp in the children, hence they aren’t allowed for the trading. No matter how much eager the child is, according to me, he/she shouldn’t trade until and unless he earns money himself.

You don't need to have a kid to be aware of the fact that a 5-year difference in that age is huge! Literally, at 10 years old you are still confused about what sex really is, at 15 you maybe even tasted it! 10 is definitely too young for many things, while 15 is high school already, which is a lot more serious, and at that age, we are experiencing many "grown-up" stuff! Can trading be one of those things, I am sure it can if that kid has some good math/accounting knowledge. With a good teacher, I guess that kid could have the potential to learn to trade and be successful in the long run. Sometimes sooner is better, of course, with the right conditions.

In my understanding, the current era can be said to be the age of technology, meaning that technology is the main thing being developed in the world of education today, from elementary school to university, that's the main point.

Teaching children in crypto trading methods aged 10-15 years, in my opinion, is not an obstacle for parents, while these parents first apply Risk Management in crypto trading, effectively by doing so the child can understand the meaning of motivation, relationship and risk competence that he may or may not accept, but before introducing trafficking to minors, or Introducing them in advance the importance of how to make investments, slowly moving towards trading.

With a few step by step teaching children to a high level of understanding of trading, maybe it can overcome how much risk they know, I think that with strict supervision and management under supervision to teach children about trading, I don't think it's something to be an obstacle to do.

Wow they are just 14 and ready to trade? It seems very risky to me and answer to your question changes as per the country. There are countries where learning or knowledge is free and anyone can pursue it if they are “skilled” enough for the same. I assume this applies to trading as well.

HOWEVER, they may not be able to trade on an exchanger directly.

You see the difference here? They can learn but they may not be able to trade. Most of the exchangers you see will have the clear instructions of terms of usage. For example, you must be 18 years or old to use an exchanger. That answers everything about it.

We all know that trading mostly above 18+ since from my experience before trading, I need to show some valid ID to make my account verified and trade a huge amount of assets. But I've explore crypto and some trading when I was 16 thru the internet. I found out that you can earn some profit by putting your money, of course I'm aware that I can also lost a lot from the process. So I tried watching from Youtube since there's no age limit when watching trading tips and techniques. It's good to learn while young children have a good memory but I suggest when they are gonna trade when they can realize the risk of trading. It's better to decide when they are adults and can also invest using their own money.

14 years is still an underage and I wouldn't advice you to let him trade and first did you care to ask him where he got the money for trading from ?
I'm sure some 14 years might have some incredible savings but even at such I wouldn't advice you to get him into the field as there are alot of things to put into consideration when introducing him to trading for instance is the emotional attachments and the mental stress involved.
It will be better you get the childs parents involved as you might be held responsible if anything goes wrong and that's if the child persist.
Good luck and please be careful with your decision.

Upon reaching the basics, eventually, they will like to try the actual of it. I've been seen as young as 7 years old are already in the world business through the collection of recyclable plastics and that's why I think being exposed to another business opportunity like trading for kids is totally fine. I do get your point and that's really a good point honestly. Because there might be parents that will think that their kids should learn about trading and they'll rely on them. There's still the balance and different approach on how you'll introduce trading to the younger ones but as long as they get the idea, they'll surely be excited that it could make them earn some way.

Given the age in question, I guess the kid will still be in high school. To that effect, it's not a great idea to get them hooked on trading. I think it's distraction to expose people of that age (10-15 years) to financial earnings, especially one that's online. I like to keep trading away from anyone in high school or below it because of the emotions it brings. It's okay if they're in tertiary institution, regardless of the age. Tertiary institutions are known for exposing people to the realities of life far ahead of other cadres.

Not only is it risky; it is also morally wrong to involve kids with illegaility at such a young age; if you want the kids to be tech oriented at such young age; you can enroll them to a tech college during the holidays; there are lots of skills available for them to learn

1. designing (web, graphics, front end, back end, ui/ux etc)
2. coding
3. contract development
4. web development
5. App development

And lots more. Engage the kids in these kinds of skills; and when they are 18 and legally permitted; they can choose their own field as a tech pro or a crypto currency trader. Remember, the most important rule for growth is not to rush the process

I do not think that is totally true, you can see many centralized exchanges that do not require anything more than email and password to trade, although some can demand for KYC, but what about those decentralized exchanges that you can also be used to trade. I have seen it on pancakeswqp that you can even do future trading which only what you need to do is to send coins to your noncustodial wallet and connect the noncustodial wallet to the decentralized exchange, using the coin on your noncustodial wallet to trade without any identity needed and the control is totally yours.

To me it is not a good advice for children to trade, but you can start teaching them the basics and what that is required and how risky it is with real life past events of people that have lost huge amount of money to trading. What I just meant in my first post is not about age of 10, 11, 12 which are very small, even 14 is still very small, but just that a friend is asking a friend about how to trade, if he continues to discourage him and he persistently want to know how to trade, there is nothing bad to teach him, but letting him to know the wrong side of trading and how it can turn a rich man to a poor person. As a friend, I can teach, and as a father, uncle or brother, I can teach but not in a way to let the child trade, but as a step to what he many know in the future.

If you understand the psychology of child development, the answer for now is to adjust to the age of the child where concrete learning is the most important thing.

What trade do you mean? for various types of trade. If only to stimulate the types of buying and selling that are often encountered by children in their environment, then please teach them how to buy and sell property, and serve consumers by combining them in the context of simple games. But if what you mean is crypto trading, of course it's not the right idea, it's still not even feasible with the age level of information absorption. Because crypto trading is not including trading based on concrete.

It's okay, let them explore things like trading as it will enrich their critical thinking and will urge them to know more about the financial market. Every learning should be supported when your kids are very excited and craving to do it. Showing them that you support them will make them optimistic that there should be a good result of what they are trying to do. It's risky because there's money involved but trading isn't limiting everyone to just have a set of budget like a couple of bucks or minimum amount that's required by an exchange.

You can introduce a demo account for them so they can learn better. You can also teach them about analyzing the market and pointing out reliable sources so they can learn more details about trading. I think they are old enough to start getting to know to trade and learn to understand it so that they can try it with real money when they really understand. But you have to tell them about the risks in trading so they can also learn to deal with the risks and not let them get bigger. By teaching them well, it can become knowledge that might be useful when they grow up.

To begin with, it will be enough exchanges without passing verification, and start with spot trading, in which case there will be no problems. This will be enough to try your hand at trading and understand what tools are needed for comfortable work.

Reviews of exchanges can be viewed on YouTube, there is enough information. I think it’s more worth worrying about the results of a child in trading, and if he doesn’t have his own pocket money or some kind of savings, then as I understand it, his father will give him money, who should monitor how good his son’s in trading.

We all know the trading is for someone that has something doing at hand because if you get cut by the way you will have something to back it up again an continue from were you stop, so legal may be teaching them is not too bad but knowing if he or she is very competent for sure training. In my own view I don't think it bad or good as well