What did your dad do for his profession? I wished there was adult advice for mine though... It will lead you to filter out all the shitty career options.
Shes 5 i wouldnt even consider teaching my 9 year old boy trading, let them have fun, find there own way, don't try to force your way. Or my 21 year old female but that's cause she's proper stupid but would never listen as she thinks the opposite as always
At age of 6 children still living in the world of creativity, magic. They absorbing by viewing, experiencing environment around. They are ready for studies when the thees are changed, the rest of knowledge till that time should be given in form of play, not imposed. Some may play piano, learn to read, etc at age of 4 only if they asking for. Otherwise, you at risk to rising another Mozart, who was big proud for his father's Ego, but died young and suffering, never overcome his busy childhood.
Not at this age - she can teach you, because children at 5 are more pure, close to the real nature, while we, adults, are contaminated of what society believes is just.
A problem that also can occur is the following: If children start to trade and become successful, they will lose all contact with reality. Children who never work in a average regular job have no notion about the value of money. They should first work a few years for 2-3K a month and experience how hard it is to make money, buy a house, a car, etc... If they never worked and make 1 million a year they will throw with their money and never understand how fortunate they are. Speaking of personal experience with my children... I saw the same problem with a rich man who spoilt his children. They spent millions and 2 out of 3 ended broke, divorced and also ruined the life of their own children.
My son just turned 7. For the last six months sometime in the last hour of ES trading I have him look at a chart and tell me what direction the market is going and where he thinks it will be after the next 50k contracts trade. It usually takes 5 to 15 minutes. After that he goes back to his real love 'Minecraft'. (Thank you Dustin for the 'Spirit of Giving" monitors) There is a lot of information transmitted in those minutes. How much he retains, not sure. Will trading be an interest of his when he needs finances? I don't know. Will I set him up with a trust fund so he doesn't need to earn money? I don't know. I am just assisting developing neural pathways in this regard. My son is unschooled and is definitely somewhere in the spectrum of autism.
I think there is no better way than to teach them about money than getting them to trade. They will learn how hard it is to make $$$ in no time.
No, I don't agree. I was hard for me, but for them the learning school is decades shorter. They use my knowledge. Within 3 months good profits with daily average bigger than average monthly salary.
You should teach your 5 year old to trade. Not because she will retain anything or because she will become the next Paul Tudor Jones. But only because it gives you an excuse to spend time with her. If ops daughter is anything like mine, she will want to spend time with him regardless what the activity is.