Would you encourage your kids to learn to trade?
- Thread starter dojo
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I'd encourage learning about Forex and financial trading in general, but I wouldn't encourage my kids to actually do it for living because it's a very risky activity, in my opinion.
Anything that can help my children learn to use problem solving and complex thinking I encourage. This is no different from a complex math problem or a game of chess except that it never ends. It is a constant source for knowledge, and as cliched as it sounds, knowledge is power.
At 100% i say no, because i know how big stress comes from trading at the beginings and some bad days. I would advice you let the kid grow in their world, once they will be at age 18+ they can start with trading
I wouldn't allow them to actually trade either, however, I would teach them about it once I myself am more familiar with it.
I might let them get involved in those virtual simulators though as they serve as a fun and safe way of experimenting without any actual risk as I wouldn't want them getting stressed over it at an early age which would do more harm than good as someone else pointed out.
I might let them get involved in those virtual simulators though as they serve as a fun and safe way of experimenting without any actual risk as I wouldn't want them getting stressed over it at an early age which would do more harm than good as someone else pointed out.
I already have my oldest interested in trading, and I am teaching him a little at a time.. it does make it hard when Im sitting there watching, thinking and planning.. and hes sitting there asking questions.. but I think in the end, he will be 10x the trader man, and person that I will ever be..
so I would say yes, introduce them, take the time to teach them.. but let them learn and make their own decision...
most importantly, let them trade with their own money..
so I would say yes, introduce them, take the time to teach them.. but let them learn and make their own decision...
most importantly, let them trade with their own money..
hey Mouhamed here I don't have any kids yet but i will definitely start training my kids at a early age how to trade Forex. This is a good way to learn how to earn on your own and you don't have to deal with the unpleasant people at the job and you make more money.
I would not encourage my kids to learn forex trade. If they choose it as a profession by self wish then I can assist.
No, I would not. That may seem weird seeing how I am into Fx, but it is for that very reason I would not encourage them to go for it. I know how stressful it can be and the idea of being tied down to a pc, just so you can be ready to cash in on movements is not what I would want for them.
The kicker - kids rarely listen to parents, I did not and don't think mine are gonna listen to me either..that sums it up!
The kicker - kids rarely listen to parents, I did not and don't think mine are gonna listen to me either..that sums it up!
Absolutely not ! It's waaay to risky to count only on Forex. The market is so dynamic and changes happens every minute, so I think a steady career path is more suitable. I trade just with the idea to boost my monthly income a little bit and with the tiny little hope that I would be somewhat successful. It's too hard for most of the people to earn good money at all from Forex, let alone to make a living for a long period.
I will definitely encourage my kids to learn FOREX once they turn 5 years. Also I will add some discipline by joining them in Karate course.
I think it's good to tell them about it so they have at least knowledge or understanding in case they meet cases like forex trading. But not to the point that I would encourage him joining the trading for a living. It's a great risk. But if they insist, I will guide them and give them as much advise as they want. Best foundation learning from younger age than learning later.
the think that came into my mind is the word kids? how old are we talking about here? like teens maybe? if so then yeah i would encourage them but not force them, maybe try to steer their curiosity (though im not a dad yet) coz i think forex can be a way of living in the future and to learn at an early age with them being really interested is a really great thing, since I started forex in my 20s and i feel i should have done so a lot earlier
Right, any age in specific? for me it took me so long before I found the right platform for me. I have tried a lot of copiers before I found tradecopier dot com. when we talk about kids, i prefer they would know basic of forex as early as teens. who knows, when we show them like demo accounts they get interested. so as early as this time, they are aware of any fears and risks.
Demo accounts enable any one to be able to learn about the currencies so t hat they are able to see what are the different currency pairs and how they are traded.
Yes, I agree. The only difference with Demo from Live accounts is you're dealing with virtual money. By this way, children will know the value or importance of not risking real money just to let them [children] know forex trading.
I don't have kids, but I'm teaching one of my nephews to trade so I can relate to this.
I can't see any reason not to encourage someone to trade if that's what they want to do. If they are taught properly by an experienced (and profitable) trader, and they have the right mind set, then why not?
I can't see any reason not to encourage someone to trade if that's what they want to do. If they are taught properly by an experienced (and profitable) trader, and they have the right mind set, then why not?
I see that we have different opinions. And I think that it's also same if kids (of any age) would be hear listening to our discussions. And I bet they might agree or disagree. But in the end, as parents we should respect any decision they might have in the future.
Yes i really encourage to teach forex to my child because i know that forex is a profitable business all time and it has a good future so that i wanna see my child as a professional trader in forex.
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