Is it legal for our kids to learn trade?

[Twentyonepaylots]

There is certain age limit for each and every thing. Yes there are some exceptions, but the ideal age is already decided by filtering all the possibilities. If you go to any trading platform then definitely there is an age limit to trade. The reason for this is that, at 18 years of age, a child understands the responsibilities and sometimes start earning himself also. Trading should be done highly with own money only, so therefore all the trading platform allows only players above 18. You can teach your child about trading, if he is good enough to understand economics. Now when to trade or not and with whose money, completely depends on the parents.

A child can think about earning money before the age of 18, I think it's good when a teenager has a desire to earn money. But at this age, it should be a simple and understandable job for him, without the risk of losing all the money, since in trading this is likely to happen at first.

As for trading, I agree here, it should be done only after reaching the age of majority and with a mandatory understanding of the essence of this activity. To have an understanding of all risks and all responsibility. I would like to protect my children from such great stress, especially at a young age, and would try to explain how difficult this is.

Indeed, it is a good thing that they take interest in these things, but I think it is much better if they would engage in it using real money in the age where it is legal to do which is mostly 16-18 years old. Majority of trading platforms have limits on age so it would be hard for them to really use a platform to perform trading. Although there are some custodial accounts, it is better at least for them to wait until they reach a certain age to trade. I think at this age they can be able to fully understand the technicalities of it and know the risks that is associated with it. In this way, they can have a more subjective decisions on their own money on these types of risky activities.

[1714758943]

1714758943

[Awraawra]

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.

Too risky for that age to enter in trading its not good to for them too. Tell to him to focus now on his study and tell him that their is a right time and right age to learn in trading.
Trade is like a gamble they can lose or they can win so it's easy in that age to trade.

[Inwestour]

Indeed, it is a good thing that they take interest in these things, but I think it is much better if they would engage in it using real money in the age where it is legal to do which is mostly 16-18 years old. Majority of trading platforms have limits on age so it would be hard for them to really use a platform to perform trading. Although there are some custodial accounts, it is better at least for them to wait until they reach a certain age to trade. I think at this age they can be able to fully understand the technicalities of it and know the risks that is associated with it. In this way, they can have a more subjective decisions on their own money on these types of risky activities.

By the way, yes, this is an important point, the trade must be on his own money, and not those that are given by parents, and for this child need to have some kind of work, not even a permanent one. He can also try to do this with pocket money that the child collects, but this does not change the essence, it should be the child’s personal money, then he will be more aware of their value and will understand the responsibility if it happens that he loses them.

[xSkylarx]

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.

Too risky for that age to enter in trading its not good to for them too. Tell to him to focus now on his study and tell him that their is a right time and right age to learn in trading.
Trade is like a gamble they can lose or they can win so it's easy in that age to trade.

14–15 is better, like they are financially aware, like they are just playing, so for sure by the time they get to 18, they are already earning. I've seen a documentary about a trader that starts at 16 and now is 19 and is earning a pretty huge amount, but that kid just got curious about trading and made fun of it, but turns out he is successful at it.

[Inspiron14]

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 are no obstacles for everyone to trade, even a 10 year old child if you can already trade crypto then please trade,
I have a 12 year old brother and I have taught him to trade, until now I am grateful he can get what he wants.

[rhodelmabanal]

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 think this is very risky idea, you know children's needs to play or study they need to enjoy life being a children not a trader or not to work for money, they have a guardian to provide thier daily needs and they need to go to school to learn, it means they are still in the stage of learning or thier mind is not prudent enough to do trading works. So for me it is a no maybe if they are 17 to 18 years old they can start trading but if they are still 12 to 14 years old that is still very risky to let them trade.

[Faisal2202]

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?

14 years are less, i think you should wait for him to be around 18. Because money is not everything, he should enjoy his life but if his enjoyment is in learning trading then i think only teaching him/her will be a good idea like you can make him Demo accounts or teach him backtesting trading. But for both, he needs, great knowledge of trading fundamentals, and i was at that kid place and my enjoyment is in learning trading from a person (you) which i don't know-how is in trading, but if you are good, then i think i will become rich around 25 because until then, i will be a pro trader and memory is quite remarkable i early age so that's a good age to teach some kid trading.

But you should have to give him moral lessons like, the use of money, how to control sentiments, and how to control your behaviors along the market behavior so that your loved ones do not be affected by you. And you also have to teach him money is not everything, etc., etc. But that's a good opportunity for a kid to learn to trade because if i were given a chance i will take it (eager to learn it) just like that kid.

Advice for you, please do not spoil the kid if you are going to teach him, because it depends on you, how you reshape his mind. And be polite and make the learning process fun for kids. Plus if you still afraid to teach him then simply ask his parents first if they allow you to then proceed.

[bakasabo]

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?

14 years are less, i think you should wait for him to be around 18. Because money is not everything, he should enjoy his life but if his enjoyment is in learning trading then i think only teaching him/her will be a good idea like you can make him Demo accounts or teach him backtesting trading. But for both, he needs, great knowledge of trading fundamentals, and i was at that kid place and my enjoyment is in learning trading from a person (you) which i don't know-how is in trading, but if you are good, then i think i will become rich around 25 because until then, i will be a pro trader and memory is quite remarkable i early age so that's a good age to teach some kid trading.

18 is the age when a kid is no longer a kid. In some countries starting from 18, a person is able to buy alcohol, smoke and gamble. In some countries it is allowed for 14 year old kids to trade and operate with money. In some countries, parents, when their kids becomes 18, release them to adult life (basically kids leave parents houses by themselves and start their own life). And you suggest that kids should "be around till 18".

I think you and we should let kids be more independent. Otherwise we will get society, when kids live with their parents and on parents expense till they are 30. Even at 14 the kid is no longer a kid. And with access to the internet, they grown up much faster. Even at school they are taught logical thinking and importance of money. 14 is a good age for kid to start learning to trade, invest. I see nothing bad if kids looses all of his money at that age from bad investment. It is better to do mistake when you are young, learn from that and dont repeat that, than do that mistake at 30.

[knowngunman]

I think you and we should let kids be more independent. Otherwise we will get society, when kids live with their parents and on parents expense till they are 30. Even at 14 the kid is no longer a kid. And with access to the internet, they grown up much faster. Even at school they are taught logical thinking and importance of money. 14 is a good age for kid to start learning to trade, invest. I see nothing bad if kids looses all of his money at that age from bad investment. It is better to do mistake when you are young, learn from that and dont repeat that, than do that mistake at 30.

At first, you were making some convincing points despite the fact that I will not subscribe to your ideas but reading down your comment to emboldened render your whole points questionable. As an adult, how do you feel loosing some part of your wealth to gambling, trading or investments? Bold of you to think that teens can withstand and control their emotions when they loose their money at such age. Where do you expect them to start from? With this particular opinion, don't be surprised when you see underage children engaging in all sort of social vices or even committing suicide because you see nothing wrong loosing money at that age.

Children at the age of 10, 15 to 18 are not suppose to be independent and live by their idea but rather at the guidance of their parents or guardians. If you want to teach them trading at that age then it should be strictly monitored and with demo account. We know technology is advancing and open the eyes of our children already but exposing them to too much internet and money related things at such each corrupt them and cause them more harm than good.

[Lorence.xD]

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 think this is very risky idea, you know children's needs to play or study they need to enjoy life being a children not a trader or not to work for money, they have a guardian to provide thier daily needs and they need to go to school to learn, it means they are still in the stage of learning or thier mind is not prudent enough to do trading works. So for me it is a no maybe if they are 17 to 18 years old they can start trading but if they are still 12 to 14 years old that is still very risky to let them trade.

That's right kids should enjoy their childhood to the fullest. If they are too curious and eager to learn what we are doing you could teach them the basics. They are not obligated to study trading it's still up to them. There's a lot of smart kids that can learn it without us saying or introducing trading as I learn only from myself. But trading doesn't only aim to knowledge itself, kids that ain't 18 yet for sure still haven't build up their decision making and emotional stability which is included in trading. Knowledge itself won't do if your thinking skills and emotion are immature enough for you to lose your funds.

[bakasabo]

I think you and we should let kids be more independent. Otherwise we will get society, when kids live with their parents and on parents expense till they are 30. Even at 14 the kid is no longer a kid. And with access to the internet, they grown up much faster. Even at school they are taught logical thinking and importance of money. 14 is a good age for kid to start learning to trade, invest. I see nothing bad if kids looses all of his money at that age from bad investment. It is better to do mistake when you are young, learn from that and dont repeat that, than do that mistake at 30.

At first, you were making some convincing points despite the fact that I will not subscribe to your ideas but reading down your comment to emboldened render your whole points questionable. As an adult, how do you feel loosing some part of your wealth to gambling, trading or investments? Bold of you to think that teens can withstand and control their emotions when they loose their money at such age. Where do you expect them to start from? With this particular opinion, don't be surprised when you see underage children engaging in all sort of social vices or even committing suicide because you see nothing wrong loosing money at that age.

As an adult I have less time to recover from bad trading or investment, as well as I can lose greatly more than a kid who can lose lunch money/Birthday gift money/Christmas gift money. At 40+ when you lose all of your money, have credit and mortgage, it is harder to recover compared to when you are 14, your whole life is still ahead and you live with parents and dont bother about food and bills.

P.S. If a kid commit a suicide due to money, then money wasnt the real reason, but this is due to unformed psyche and emotions. And as a parent I must be there to help him. If an adult commits a suicide, then this is doubtfully due to puberty period and ended relationships. Adults are already formed personalities. If they are up to commit a suicide, there must be a real reason for that.
P.P.S. If your kid is to commit a suicide due to loss in trade or to about to commit a crime, there is nothing to do with emotions, that only shows that you have failed as a parent.

Children at the age of 10, 15 to 18 are not suppose to be independent and live by their idea but rather at the guidance of their parents or guardians. If you want to teach them trading at that age then it should be strictly monitored and with demo account. We know technology is advancing and open the eyes of our children already but exposing them to too much internet and money related things at such each corrupt them and cause them more harm than good.

Since you have put my post under question, then at what age you think children should learn to trade? At 18 ? At 18 you are already an adult. I am not saying that you should sit a 5 year old kid in from of a PC, open a Binance and let him do trades. But modern kids at age of 10+ already know that cost of money, its power. How do you think they try to raise money for new up-to-date mobile phone then? By trading.

Demo accounts are useless. Most exchange UI is so primitive, that it takes less than 5 minutes to figure out which button is responsible for and how everything works. Using demo accounts to learn how to trade is wrong. Because with demo accounts you either trade with profit, or always can create a new account in case of a loss. That teaches nothing. You can get new account full of money when you are broke in real life.

P.S. Do you have kids? Have you ever tried to limit what they watch on YouTube? Specially when they socialize with other kids? Banning content does now work, because everything can be downloaded and reuploaded.

[Othellobit]

I think you and we should let kids be more independent. Otherwise we will get society, when kids live with their parents and on parents expense till they are 30. Even at 14 the kid is no longer a kid. And with access to the internet, they grown up much faster. Even at school they are taught logical thinking and importance of money. 14 is a good age for kid to start learning to trade, invest. I see nothing bad if kids looses all of his money at that age from bad investment. It is better to do mistake when you are young, learn from that and dont repeat that, than do that mistake at 30.

At first, you were making some convincing points despite the fact that I will not subscribe to your ideas but reading down your comment to emboldened render your whole points questionable. As an adult, how do you feel loosing some part of your wealth to gambling, trading or investments? Bold of you to think that teens can withstand and control their emotions when they loose their money at such age. Where do you expect them to start from? With this particular opinion, don't be surprised when you see underage children engaging in all sort of social vices or even committing suicide because you see nothing wrong loosing money at that age.

As an adult I have less time to recover from bad trading or investment, as well as I can lose greatly more than a kid who can lose lunch money/Birthday gift money/Christmas gift money. At 40+ when you lose all of your money, have credit and mortgage, it is harder to recover compared to when you are 14, your whole life is still ahead and you live with parents and dont bother about food and bills.

P.S. If a kid commit a suicide due to money, then money wasnt the real reason, but this is due to unformed psyche and emotions. And as a parent I must be there to help him. If an adult commits a suicide, then this is doubtfully due to puberty period and ended relationships. Adults are already formed personalities. If they are up to commit a suicide, there must be a real reason for that.
P.P.S. If your kid is to commit a suicide due to loss in trade or to about to commit a crime, there is nothing to do with emotions, that only shows that you have failed as a parent.

Children at the age of 10, 15 to 18 are not suppose to be independent and live by their idea but rather at the guidance of their parents or guardians. If you want to teach them trading at that age then it should be strictly monitored and with demo account. We know technology is advancing and open the eyes of our children already but exposing them to too much internet and money related things at such each corrupt them and cause them more harm than good.

Since you have put my post under question, then at what age you think children should learn to trade? At 18 ? At 18 you are already an adult. I am not saying that you should sit a 5 year old kid in from of a PC, open a Binance and let him do trades. But modern kids at age of 10+ already know that cost of money, its power. How do you think they try to raise money for new up-to-date mobile phone then? By trading.

Demo accounts are useless. Most exchange UI is so primitive, that it takes less than 5 minutes to figure out which button is responsible for and how everything works. Using demo accounts to learn how to trade is wrong. Because with demo accounts you either trade with profit, or always can create a new account in case of a loss. That teaches nothing. You can get new account full of money when you are broke in real life.

P.S. Do you have kids? Have you ever tried to limit what they watch on YouTube? Especially when they socialize with other kids? Banning content does now work because everything can be downloaded and reuploaded.

Kids spend many moments attending to what is not helpful to them.  I have seen a 6-year-old kid raise a topic of a fellow kid she is in love with. This is all a result of freedom and exposure to the wrong areas of technology and the internet. I don't see any risk in Exposing a kid to trading at age 5 while giving that child proper guidance. If a child of age 5 is exposed to trading, Before such a child could grow to age 20 (under a good tutor)  he or she will be acquainted with the risk involved and will be better than some who come into the trading system newly.  In life, whatever we graze our kids with that is what they grow to enjoy.

[kawetsriyanto]

In the age of 10-15 like in trading is not good for anyone. Beacuse he has not good knowledge about crypto. He can learn about crypto but not to invest it. He can also do or run a demo account or false account to learn how to trade.

Kids with age 10-15 years old, better to know something general about crypto. It is too early if we learn them trading or investing in crypto. I prefer to learn my kids when they are already 18+ years old. Investing or trading isn't something easy to do, it requires sufficient knowledge and it has risks. I can't imagine if 10-15 years old kids begin to trade or invest at that age. I assume they only spend money without getting anything at that age.

[bakasabo]

In the age of 10-15 like in trading is not good for anyone. Beacuse he has not good knowledge about crypto. He can learn about crypto but not to invest it. He can also do or run a demo account or false account to learn how to trade.

Kids with age 10-15 years old, better to know something general about crypto. It is too early if we learn them trading or investing in crypto. I prefer to learn my kids when they are already 18+ years old. Investing or trading isn't something easy to do, it requires sufficient knowledge and it has risks. I can't imagine if 10-15 years old kids begin to trade or invest at that age. I assume they only spend money without getting anything at that age.

You know, about 20-30 years ago, when I was attending school, I used to trade badges, playing cards, milk caps, lego and etc. No money were involved, however we somehow new value of each item, its rarity and exchange rate. All that can be called, that we have done DYOR about each item, and knew how to trade them with profit. Nowadays kids dont involve much with such items, but they are good at trading steam skins, games, game keys and etc. They also know what is valuable and what will be in demand in future (cs:go skins and cases).

If they are so experienced in those things at age of 10+, just theoretically, why cant we replace game skins and items with crypto? Then it looks like they are doing same trading as we do here. So I see nothing bad in allowing them to learn to trade. And I completely dont understand people who suggest to completely forbid them to learn to trade because «they are too young».

[Quidat]

In the age of 10-15 like in trading is not good for anyone. Beacuse he has not good knowledge about crypto. He can learn about crypto but not to invest it. He can also do or run a demo account or false account to learn how to trade.

Kids with age 10-15 years old, better to know something general about crypto. It is too early if we learn them trading or investing in crypto. I prefer to learn my kids when they are already 18+ years old. Investing or trading isn't something easy to do, it requires sufficient knowledge and it has risks. I can't imagine if 10-15 years old kids begin to trade or invest at that age. I assume they only spend money without getting anything at that age.

There's always a perfect time on when you would be teaching up your children about it, just dont make yourself in a hurry and yes, the younger the better but we know that there are things which cant
be easily be digest up by someones mind specially if their learning and awareness on things arent really that still enough for them to be capable on processing anything on what they've been taught.
You would really be able to find and spot for yourself on teaching them on that appropriate time.For now lets just not really be rushing up for this thing.
Time will come on which they would be needing up things to be learnt.

I believe that financial literacy will definitely not be superfluous. People should be prepared for real life, and not rely on mythical training.

As a parent or guardian who is really that aware on how this economic situations do plays out then we arent that dumb and blind not to teach up things  which it would really be
beneficial for our children. We are aware on whats going on and its just right that you should teach them on what are the things that should be needed up to be told.

[Fivestar4everMVP]

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.

At this age, even if they are going to possibly verify their trading account wit the document of an older relative, I think their brain is not well developed and ready to handle the technicalities and stress that comes/goes with trading..
But I believe it is a good time for them start learning by the way, and learning does not mean they should start trading with real money, open a demo trading account for them(if they are more than one), with a visual $100 each and allow them to start playing with that,  check their progress with the trading every week to see how they are fairing, even if they are doing fine, don't be in a hurry to move them over to a live trading account, allow them to trade demo until they turn 18 or more, if they take the demo trading serious, they could become real professional traders by the time they are set to start trading live.

[jeraldskie11]

In the age of 10-15 like in trading is not good for anyone. Beacuse he has not good knowledge about crypto. He can learn about crypto but not to invest it. He can also do or run a demo account or false account to learn how to trade.

Kids with age 10-15 years old, better to know something general about crypto. It is too early if we learn them trading or investing in crypto. I prefer to learn my kids when they are already 18+ years old. Investing or trading isn't something easy to do, it requires sufficient knowledge and it has risks. I can't imagine if 10-15 years old kids begin to trade or invest at that age. I assume they only spend money without getting anything at that age.

I believe it is extremely possible to teach a child to trade. Because they don't have to think about anything else, children can understand trading more readily. But we can only guide them because trading is really dangerous. As a result, doing live trading right away is not optimal. If you wish to wait until your child reaches the legal age to open a live account, instruct him now so that he is ready when the time comes.

I said this because I have an uncle who is a trader and is currently teaching his son how to trade. However, he claims that his kid is even better at market analysis. It's comforting to know that if you're not successful in trading, your child might be.

[martyns]

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.

At this age, even if they are going to possibly verify their trading account wit the document of an older relative, I think their brain is not well developed and ready to handle the technicalities and stress that comes/goes with trading..
But I believe it is a good time for them start learning by the way, and learning does not mean they should start trading with real money, open a demo trading account for them(if they are more than one), with a visual $100 each and allow them to start playing with that,  check their progress with the trading every week to see how they are fairing, even if they are doing fine, don't be in a hurry to move them over to a live trading account, allow them to trade demo until they turn 18 or more, if they take the demo trading serious, they could become real professional traders by the time they are set to start trading live.

This idea is indeed good,but I think children between  8-14 are not supposed to start or engage in anything that has to do with trading at that age because I think if they should start it, addiction is real,and by that age range,they will definitely be losing,whether it's a demo or it's a live trading,the actual age that I think it's suitable for them is 18 and above,atleast at that age,they know what to do with the money they have,and they will also have feelings when they lose money,which will make them think twice while trading.It will push them into researching and looking for ways to get to know how the market operates.They will also learn the different strategies involved in trading at that age.

[Aanuoluwatofunmi]

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 nothing bad in teaching children trading and especially the preliminary aspect of it, this will helped them in understanding the trading patterns right from early stage before they are fully grown to partake in trading on real time, but it will be difficult to let them begin trading because of the risk associated with it and their age limit to understand how things should be properly done in trading, there are materials or learning aids that can be introduced to them as well serving as demo trading account to help build a strong beginning while learning.

[Forever101]

Putting the mental and emotional capacity into consideration, To me, it's a no. There is only one way to go about it. If there is an application that can be created that can help children learn by engaging in 'practice trade' that can help them get experience without having to put any of their money. Let's take for an example; a platform is created, such that younger people can sign up with wallet filled with trading assets which they can use as practice, this will look more like a real Investing Platform however, deposit and withdrawer will not be possible. This is mainly for learning and exposing one to the trading environment and what to expect. This will build their mental and emotional strength over the years of practice.