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Author Topic: Is it legal for our kids to learn trade?  (Read 1230 times)
Lorence.xD
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May 01, 2023, 11:01:20 AM
 #221

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 basically no age requirement for trading if he has good knowledge or idea about crypto then there is no fear of getting lost by trending. But I think it's better that 10 to 15 year old kids don't come into this crypto world. Because children will focus on their studies at this age which is their most important role. And the next time they finish their studies and step into crypto, their future is likely to be bright. And already there are many people who do not have spiritual knowledge about trading and facing huge losses in future. So people who do not know details about trading should take the advice of skilled investors in this matter only then he can be successful.
Actually it is better if our kids to learn how to trade at their early age because they will have an advantage which is the time wherein they can enhance their skills and get a lot of experience while they are still young. I have nieces and I'm currently training them to be the best trader in the future, I don't pressure them and I make sure that they are enjoying every lessons that I teach to them. Crypto is for everyone and if we want our kids to have a nice future, we should teach them basics but we should not force them especially if they do not want it. Forcing and teaching are different things, we should only introduce them into trading and teach them once they formed interest about it.

What you say is not entirely true, early learning or early education is an advantage, but it does not mean your child will become smarter and better than other children. It depends on their thinking, ability to absorb, and preferences. Just like you can't teach college knowledge to a child who is learning to write, they will never absorb what you teach, and that's why after a lot of scientific research, we have classified what should be taught at each age. Likewise, I don't think teaching kids about early trading will make them good traders.

You have a point, every kids have their own intelligence and also their own pace in learning. That's actually possible for them to learn trading if you think the kid is like Sheldon. Some kids exist like him but if we were talking on bombarding your kid some knowledge that they couldn't even understand just to be like Sheldon then it's not recommended. When it comes to money they still needed to be supervised as they might got the knowledge still their age are immature to make a decisions and emotional stability. They might loss a lot of fund due to rage.  That's why some exchanges you will be needed a valid ID which is for 18+ adults.

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May 01, 2023, 11:27:20 AM
 #222

I will advise you to allow that child to reach 17 or 18 years before you can teach the child how to trade, which it will really help the child to catch up with so many things that will help him or her to have a good skills of crypto trading in the market. I don't think, a child from 10 to 15 years is advisable to start trading because they will not have the knowledge to take the risk of holding like 5 or 4 years before they can sell which will be very difficult for them to accommodate at that age in the community. I know you want good thing from your kids, but allow them to reach 18 years before you can do everything possible to ensure they learn how to trade to become a potential trader in the society.
There is nothing wrong in teaching kids, if only it will stop at teaching and not allowing them practice it. They should only be given lice trading account when they are of age and maybe have started to earn and can make and handle decisions independently.
Teaching your kids and allowing them to trade with demo accounts isn't a bad idea.
Check out the scenario you funded their demo accounts and asked them to keep trading, how much they gather in their demo accounts is what you will give them in real life.
Whenever they need money from you, they have to trade it out in the demo account first. This will make them master the trading and whenever a real account is given them, they must make profits.

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May 01, 2023, 11:59:05 AM
Last edit: May 01, 2023, 12:15:43 PM by Rigon
 #223

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.
We all know trading is a risky business. But this risk applies to everyone. Here you mention you have a 14-year-old friend. So I assume you are not much older than your friend. Your age is close to your friend's age. In that case if you have no problem then there will be no problem for your friend.

Personally, I would like to say that it is not right to start trading at such a young age. Because the age of 10-14 years is perfect for studying. If education is lost at this age, then his entire life will fail. So at this learning age I would say his hope in trading will never be right. No matter how much he pleads, you scare them by telling them all the losses to their business.
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May 01, 2023, 02:11:55 PM
 #224

My son is 7 years old, however I have talked to him a lot, he tells me that he wants to be a soccer player and I support him, but I also told him that if he wanted to be a doctor, an engineer or whatever he wants, I would still support him, but if he doesn't want to study, what you will have to do is take him to a business school and learn, or at least read many books focused on financial markets and study that part enough so that you can make your money and Sustain yourself in life, That he learns everything he can from it, and he is so young and he says yes, of course it is very easy for a child to say yes, but it is good to start talking to him from a young age so that he can take that Financial education at an early age.

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