I had once read somewhere that knowledge is the only investment that does not have a limit. I think teaching the younger generation about forex and crypto trading would really go a long way in not only developing the economy but also improving the standard of living by providing a means of earning.
I remembered that while growing up, I was advised to save money in Kolo - (small wooden box) and this was a great habit I had learnt and would always be a part of me. So now imagine saving and investing in crypto and forex, not only would they gain their capital but also interest too, after researching diligently.
When learning forex and crypto trading, there are many things it would teach you, examples are psychology (the discipline of the mind), analytical thinking, market analysis, and so on. As a kid who is yet to face the harsh reality of this world, imagine being taught how to be predictive and anticipate the next moves even before they begin. I believe that forex and crypto trading is a means for them to learn all this.
Analytical thinking
We all know that data runs the world, and without data, there would be no analysis. A kid learning forex and crypto trading would improve their analytical thinking and even provide insights into the data analytics world. A beautiful thing about forex trading is that you can easily get access to a chart, and trades are ongoing daily.
Market Analysis
A kid learning forex and crypto trading, you would have access to global news and trends, and even know when any currency pair would rise or fall. You would get to have an insight into what’s happening around the world and how it affects the market flow.
Better investment decisions
Having early knowledge of forex and crypto trading would enable kids to make better investment decisions as it would be a part of them since it would be taught daily.
We all know that everything that has an advantage also has a disadvantage, so as much as I think it a good idea, I believe that it should not be imposed on all kids. Basic introduction can be thought to all and then made into specializations.
We also need to ensure that crypto and forex trading does not become the new betting addiction. A lot of youths these days are addicted to betting and that’s because they believe it's a quick money-making scheme. However, if these kids are properly trained and educated then there is a slimmer chance of it becoming an addiction.
I personally trade, although occasionally but it's something I had always envisioned to teach my kids, the earlier the better.
This is my entry to week 202, episode 01 of the weekly featured contest for reading, and the topic to be discussed is CRYPTO AND FOREX.
