Quote from: bakasabo on Today at 08:16:10 AM

Quote from: knowngunman on Today at 07:38:14 AM

Quote from: bakasabo on Today at 07:14:34 AM

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.

Quote from: knowngunman on Today at 07:38:14 AM

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.