Is it legal for our kids to learn trade?

[Jody.Drummer]

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.

Trading is not like holding, if he wants to learn about bitcoin and start saving in bitcoin from now on, we can consider that because saving with bitcoin is still much better than saving in fiat currency. But trading is not recommended because it is much harder than holding. 15 years old is too young to start trading, firstly, not old enough to create accounts on exchanges, and second thing, as you mentioned: he still uses his parents' money, this will not guarantee capital when trading, if he loses, it will be easy to steal his parents' money.

Yeah that's why I don't recommend when they trade for real, and also I say they should at least wait until they turn 18 or wait 3 or 4 years first. Not only he (the child himself) will suffer losses, but his parents will be affected. I understand that maybe there are children who are quick to respond to knowledge, but knowledge alone is not enough in a world like this, there are many factors that must be understood. Their minds are also not fully prepared, and also they probably won't even think about it because the money they are using is not their own money.

[bettercrypto]

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.

First and foremost, conducting cryptocurrency trading is really risky. Second, this aspect is not easy to understand immediately, you know that.

      But if he is really eager to learn, there is nothing wrong with that if he makes the excuse himself and shows you that he is really interested. Just explain it to him in a way that he can easily understand. And since there are exchanges that need to have kyc, maybe you should teach trading in DEX first, it can also be done in centralized ones but in your account if it's your son, nephew or whatever.

[Bushdark]

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 is nothing wrong if children want to learn about trading. Do not bother about the loses he might incurred because there is demo account available for people who wants to learn about trading and do not know how to start. The demo will help the children to be available to learn trading and enter the market without any fear. It will help him to master trading well and to put the things he has learnt into practise so when the child start using real account, he will be confident to execute trade without fear of losing.

[goinmerry]

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.

[harizen]

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?

[Franctoshi]

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.

[teosanru]

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

[|MINER|]

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.

[JoyMarsha]

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.

[goaldigger]

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.

[Xampeuu]

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.

imparting knowledge to children I think it must be done, from the way we trade teaches children many things, which must be disciplined, able to manage finances, can learn strategies if things don't go according to plan, and can teach children mentally to always be calm in dealing with various situations and conditions. but for minors I think it's the knowledge that's important to do, after that go ahead if you're going to practice trading, because they also need that experience. but the right time to practice, I think parents know better

[irhact]

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.

[Wexnident]

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.

[BITCOIN4X]

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.

[ethereumhunter]

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.

[Cantsay]

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   

[Zilon]

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.

[Mauser]

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.

[gabbie2010]

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.

[LastKiss]

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.