Is Age is a factor in FOREX Trading?

**kamla** · 2011-10-16 02:59 PM

Well, there is some age rule in forex, i.e the person who is above 18 can only do forex trading. But I am not satisfied with this age restriction rule. Because my opinion is that, all people whether they are below or above 18 should be legally allowed to involve in forex business if they have interest, capital and basic knowledge. It is because the intention of every business is to earn profit not to look after age.

**vineet** · 2011-10-14 01:28 PM

If you are talented in forex then your age will not prevent you from trading. However it is rule that we must be above 18 years to be legal to trade. But I think that is not a compulsory. We can start the trade at any age. All we need is perfect forex education, investment, good control over our emotions and money.

**gosians** · 2011-10-13 11:21 PM

Originally Posted by SG Trader

i think 18 years old is enough to start trading, because its a mature age. but many people say teenagers is so difficult to control their emotion but for me is not, because i still teenager and i can control my emotion if i realize and focus in my goal.

Yeah i am in favor of your point, an 18 years old guy can start trading and also learn the basics of forex trading very fastly because in this age your mind can pick any point more quickly. 18 sy km age ho tu mery khyal sy sirf demo sy kam chlana chahye.

**dmambi** · 2011-10-13 09:57 PM

Originally Posted by SG Trader

i think 18 years old is enough to start trading, because its a mature age. but many people say teenagers is so difficult to control their emotion but for me is not, because i still teenager and i can control my emotion if i realize and focus in my goal.

It is not that just teenagers suffer from emotional bad decisions, even aged people also do the same mistake here.
I feel experience is most important regardless of the age of the person trading. But also we can not deny that the aged person have more experience regarding the life.

**bestlooser** · 2011-10-13 08:32 PM

with the age we learn many things and an aged person can have so much experience from the life which he can even use in forex as some qualities which a good trader needs that can be found in aged and experience person so yes age can help but again its all about you how long you take to get the results in forex.

**realfun07** · 2011-10-13 07:29 PM

Originally Posted by pinpin

I think more or less influential in this trade
because a person's age also affects the maturity and mental
and most successful traders are those who have mental and emotional control is good
and it does not exist at the age of children

Age is no bar or a factor in this trade and as long as a person is in sound mind and can think and study and analyze this market , he can trade in Forex.There is a limit in minimum age and I think one should be minimum 18 years of age but no limit to maximum age.

**SG Trader** · 2011-10-13 07:05 PM

Originally Posted by vineet

age may affect a trader's psychology, because trading requires a mature psychology, evaluation is very useful to find errors trading, and seek a solution, my Saturday and Sunday in use for evaluation, so that on Monday ready to begin trading again

i think 18 years old is enough to start trading, because its a mature age. but many people say teenagers is so difficult to control their emotion but for me is not, because i still teenager and i can control my emotion if i realize and focus in my goal.

**vineet** · 2011-10-13 01:53 PM

age may affect a trader's psychology, because trading requires a mature psychology, evaluation is very useful to find errors trading, and seek a solution, my Saturday and Sunday in use for evaluation, so that on Monday ready to begin trading again

**forextiger** · 2011-10-13 10:50 AM

when it comes to learn it does't matter, but in case of investment ,trading getting loss or profit it requires certain age and experience as we know someone should be enough sound to bare all this losses when he get profits he should not be greedy..