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Author Topic: At what Age will you introduce your child to trading  (Read 1021 times)
chanler
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August 30, 2021, 11:38:52 PM
 #81

For me, age is not a benchmark for teaching trafficking to my children because it requires mental readiness as well. I also will not be too pushy to have to be able to trade at the specified age. for me it is not an easy thing to teach children to trade, we can only direct if the child has an interest in it. What is certain is that we should not let a child feel pressured by our will, teach trading as a fun thing just like learning anything else. it will be easier for the child to be able to learn to trade well. That's what I will feed later to my child.

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August 30, 2021, 11:53:24 PM
 #82

For me, age is not a benchmark for teaching trafficking to my children because it requires mental readiness as well. I also will not be too pushy to have to be able to trade at the specified age. for me it is not an easy thing to teach children to trade, we can only direct if the child has an interest in it. What is certain is that we should not let a child feel pressured by our will, teach trading as a fun thing just like learning anything else. it will be easier for the child to be able to learn to trade well. That's what I will feed later to my child.
Trafficking? you're not going to teach them trafficking but trading.

But if ever my kid grows up, I'll have the same approach as you that I won't force to learn trading. I'll just let it come that my child voluntarily asks me about what I do and how to learn about it.

I do agree that giving a freedom of choice to our child and if the interest pops.

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August 31, 2021, 08:35:34 PM
 #83

It depends because I don't want to put pressure into him/her learning trading at a very young age. Maybe if he is already at high school because at the range of that age bracket, he can already have interest in the market since it was almost at that same age when I got involved into learning different markets and put up my first trading and investment opportunities on which I have discovered cryptocurrency.

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August 31, 2021, 08:44:03 PM
 #84

I think children are entitled to have their childhood for as long as possible. The idea of trading to make a profit is something only adults with responsibility think about - let them be children while possible.

In my view, it depends on the interest of the child and their age, as well as their reason for learning such skill. For instance, rather than having them work as a morning-paper delivery you might want to say that there's a different way to make money etc.

It is important for them to understand the value of money as well as the process of making it, and only exposure and experience will equip them for what's to come in their adulthood.

In a nutshell, it all depends on the parental-child relationship, interest and age of the child.
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September 01, 2021, 02:21:01 PM
 #85

Before a child develops a responsible attitude to money, it is not necessary to teach him to trade cryptocurrency. In addition, the child should receive appropriate knowledge, preferably economic. After all, cryptocurrency trading is the same profession as medicine and architecture, where it is impossible to practice without special knowledge.

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September 01, 2021, 03:10:14 PM
 #86

Is it mandatory that we only need to introduce him to Crypto?
If my child will be smart enough then definitely he will come to know about Cryptos from Internet.
Not only that if he will have some good investment plans then i am too ready to fund him for the investment plan.

And if the child is not smart enough then i will just handle him some information regarding my savings of Cryptos when i grow old.
Hope my thinking matches with many people here in forum too.

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isaac_clarke22
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September 01, 2021, 06:41:54 PM
 #87

~.
It isn't hindrance because it is the opposite of it. It should be the one that should lead you there.
I don't think that's what the OP is trying to point out. It's all about having access into getting "those funds". At younger age, you're still learning stuffs around you and it is going to be really an overwhelming experience.
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September 01, 2021, 06:48:27 PM
 #88

I think children are entitled to have their childhood for as long as possible. The idea of trading to make a profit is something only adults with responsibility think about - let them be children while possible.

In my view, it depends on the interest of the child and their age, as well as their reason for learning such skill. For instance, rather than having them work as a morning-paper delivery you might want to say that there's a different way to make money etc.

It is important for them to understand the value of money as well as the process of making it, and only exposure and experience will equip them for what's to come in their adulthood.

In a nutshell, it all depends on the parental-child relationship, interest and age of the child.
You are thinking about little kids, "your child" doesn't mean just 3 year old kids, it also means 10-15 year olds as well, hell even 18 years old people are "usually" not great with money as well. I get that there are few who are better than all of us, but usually people are not great with money until they are well into their adulthood.

I have been in crypto since I was 23 years old and now I am nearly 32 and I haven't made millions from it, which I could have if I was any smart but I wasn't and I didn't yet for the past 2-3 years I have made more money from crypto than all the money I made in my entire life.

So, I can easily say that it is really not that easy for someone to be smart about money without someone teaching. So you can start when they are 10 or 12 or 15 or even 18 if you want to, doesn't matter, they are still your children, even if they are 50 year old they are your children but this mainly focuses on the period where they are still living with you and under your guardianship.
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September 01, 2021, 06:59:55 PM
 #89

If trading in general, when he is old enough to play monopoly.
If trading that involves chart, short, long, etc., probably 18+ but I won't play/teach with real money. Nowadays, you can register in some broker to get an account for simulation/learning. I'd give him capital once he proves he can be in the top-10 trader in the simulation (or top-3 depends on how many participants).

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September 02, 2021, 07:33:56 AM
 #90

@DarkDays I can’t agree more. It really depends on the interest of a child. We, as a parent, have the responsibility to introduce them to the things we know but it’s not okay to force a child to start trading. Let them be comfortable and decide for themselves when they want to jump into trading. But if you find your child to be already interested in trading then i must say, the sooner the better.
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September 02, 2021, 03:31:06 PM
 #91

It would be even better to have trading as a subject in schools so that children can know about trading right from their childhood.
As they say that the current education system never teaches how to become financially free.
So having subjects which can encourage children to become financially free by trading, investing, passive income and other means could be a revolutionary movement.
I would personally try to make my child understand the concepts of trading and investment right from his childhood.

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September 02, 2021, 08:44:36 PM
 #92

If we have noticed this generation of children are way wiser than their age and the rate at which the get information is way so amazing. Many of this kids start making money early either through gambling or through other means and lots of them do this because the don't get enough money from their parents.

For me at age 10 my children should understand the market and how it works, interpreting chats and deciding the next move of each coin from studying the price action of different coins. At age 13 the should start trading with a demo account and at age 15 they should have funded their first account. This would help them become financially independent, also help then limit future gambling prowess and also make them prepared for their careers

Funds has been one of the limiting factors many people encountered while pursuing their dreams and ambitions. For me I see it as means where the could comfortably fund their ambitions without much stress and still have enough for fun and recreation.

What do you think?
I think that was so Early age of 10 is to young but that was you're decision and I respect it. For me age of 18 is the best time to teach my child about trading, age of 18 is the best time to teach them because on that age they are on the stage of changing their their self from childhood to adult and they maybe catch up easily the trading lesson that you will teach to them.
At the end of the day each person has to decide what they want to do and what they want to teach to their kids, just as yourself I think teaching kids so young about trading and investing is simply too soon, however that does not mean that you cannot teach them several other good habits that are related that can prepare them to understand trading and investing more easily once you believe they are ready, one of those things is without a doubt saving, the habit of saving is getting more and more rare and without any money saved you cannot trade or invest, so this is critical for a person to eventually learn about those more complex topics.
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September 02, 2021, 11:09:27 PM
 #93

It would be even better to have trading as a subject in schools so that children can know about trading right from their childhood.
As they say that the current education system never teaches how to become financially free.
So having subjects which can encourage children to become financially free by trading, investing, passive income and other means could be a revolutionary movement.
I would personally try to make my child understand the concepts of trading and investment right from his childhood.

This idea is actually good but in most cases, we are like educated to work for somebody and work in top companies. Sometimes they neglect the idea that we can make our own life by doing our own thing. For me, as long as the child can accept those concepts as early as they can, much better. Maybe slowly integrate it in the curriculum so it is not drastic introduction of the concept. Because in time, they will learn their ways how to get a hold of themselves in the trading market.
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September 03, 2021, 05:03:27 AM
 #94

I think children are entitled to have their childhood for as long as possible. The idea of trading to make a profit is something only adults with responsibility think about - let them be children while possible.

In my view, it depends on the interest of the child and their age, as well as their reason for learning such skill. For instance, rather than having them work as a morning-paper delivery you might want to say that there's a different way to make money etc.

It is important for them to understand the value of money as well as the process of making it, and only exposure and experience will equip them for what's to come in their adulthood.

In a nutshell, it all depends on the parental-child relationship, interest and age of the child.

Children today were more engaged in internet thing and they are not like us that we used to grow playing on the street enjoying our childhood playing outside, children were far different now where their attention were caught by the digital technology so I think there's nothing wrong by educating a child about trading in a young age. I mean a child still entitled to enjoy their childhood but if you could only observe children today could easily adopt technology but of course at the end of the day it's a child decision and willingness if they would like to learn about crypto thing.
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September 03, 2021, 05:17:00 AM
 #95

It would be even better to have trading as a subject in schools so that children can know about trading right from their childhood.
As they say that the current education system never teaches how to become financially free.
So having subjects which can encourage children to become financially free by trading, investing, passive income and other means could be a revolutionary movement.
I would personally try to make my child understand the concepts of trading and investment right from his childhood.

This idea is actually good but in most cases, we are like educated to work for somebody and work in top companies. Sometimes they neglect the idea that we can make our own life by doing our own thing. For me, as long as the child can accept those concepts as early as they can, much better. Maybe slowly integrate it in the curriculum so it is not drastic introduction of the concept. Because in time, they will learn their ways how to get a hold of themselves in the trading market.

Everything is pre-planned by the elites because they don't want everyone to know the secret to build wealth. If everyone starts making their own money then there will be nobody to work as employees in multinational companies.
The whole system of education and working for companies is planned accordingly and the less educated are falling for the trap.

To escape the rat race we must identify our stance in current economy and find and alternative solution to build wealth.
Only if we find the correct path we will be able to teach or kids the same.
The next generation will have so many highly intellectual children changing the world for good.

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bittraffic
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September 03, 2021, 06:02:50 AM
 #96

To escape the rat race we must identify our stance in current economy and find and alternative solution to build wealth.
Only if we find the correct path we will be able to teach or kids the same.
The next generation will have so many highly intellectual children changing the world for good.

Or reject the system and do what we can to build a new one for our children?

I don't know why we have to teach our children to trade or to build wealth. Maybe it's better to teach them to make things and create things because the world is now full of non creators making wealth. And to teach them that wealth isn't everything? And that Bitcoin is one solution that needs strengthening, and why fiat is not where they must place their trust?

Changing the world usually has very little to do with wealth. For sure not anything to do with trading!

In this materialistic world, there is no way your kid will have an opportunity if you have nothing to leave for them to live life. In the past, the kids will always inherit the craft of their parents. If their parents are carpenters, eventually the kids will become carpenters. Just as kids whose parents are farmers.

If you are a crypto trader/investor, I guess it can also be inherited as well. I wouldn't actually want my kid to be one, will just let him decide for himself but he will definitely own what I own. IF he however show interest, he will learn to trade himself.


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September 03, 2021, 01:52:44 PM
 #97

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September 04, 2021, 02:19:41 PM
 #98

snip~

Children today were more engaged in internet thing and they are not like us that we used to grow playing on the street enjoying our childhood playing outside, children were far different now where their attention were caught by the digital technology so I think there's nothing wrong by educating a child about trading in a young age. I mean a child still entitled to enjoy their childhood but if you could only observe children today could easily adopt technology but of course at the end of the day it's a child decision and willingness if they would like to learn about crypto thing.
For they learn already how to use gadgets the more easily they can teach in regards to crypto. But because of their young ages, I'm doubted if they will absorb the things we thought into them. They may just pass and be wasted. The best time to teach our kids this stuff is I think when they are curious already and that time they will listen carefully and could understand what we teach them. As I know this could really be understood when you don't have interest and these kids don't have.

R


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September 04, 2021, 08:21:37 PM
 #99

If we have noticed this generation of children are way wiser than their age and the rate at which the get information is way so amazing. Many of this kids start making money early either through gambling or through other means and lots of them do this because the don't get enough money from their parents.
I think the age doesn’t really matter, any child can be taught about cryptocurrency at any age, as long as they can understand it . Take for example we can see the news of the two little kids that were able to make about that $32000 from mining Ethereum. They were able to achieve this by making use of their old game console. And these two kids didn’t just learn about cryptocurrency, they were taught by their parents. And that this little age they have been able to turn it into a business that generates a huge amount of money. So, imagine that they were never told about this, we then have been able to achieve this much and as such age?
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September 04, 2021, 08:40:43 PM
Last edit: September 09, 2021, 05:29:42 PM by South Park
 #100

I think I would wait until they show an interest in the activity by themselves, it is easy for the parents to assume that just because they like something or because they are good at an activity then their kids are going to be interested in that as well, and this is not true as kids even at their young age have their own personalities and while trading could be completely natural for some of us this is not going to always hold true for your kids, so it is better to wait until they want to know more about the subject and then you can begin to show them how this is done.

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