Post
Topic
Board Trading Discussion
Re: Is it legal for our kids to learn trade?
by
Fivestar4everMVP
on 27/04/2023, 12:23:43 UTC
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.