At 70, you can trade if you are phisically and mentally fine and you can give time to trade . But also you can trade at 70 only for chil and bring you fresh.
Iām almost 60 and now learning to trade so guess I should be a fairly good trader long before 70 and I would want to continue. Excellent for the brain and the $$ are always welcome. Thanks to the babypips team for their commendable educational resources.
2 Likes
At age 67 I did not know what a pip was, studied at the School of Pipsology, then kept gathering more info and paper trading fo about a year. Turning 69 in a couple of weeks and I certainly hope to be a good trader in my 70s. I very much embrace the new challenge and as @Xocai02E says itās great to keep the brain active at that age. Also, like @castlemouse I want to do my think from anywhere.
3 Likes
It is good to know that there are traders with aspirations to continue operating at that long-lived age. That is to say: I am not alone. I am 77 and just a couple of years ago I started at this school. I really feel satisfied. Kind regards to the entire forum and a big hug to the old folks who, like me, are still determined to live
4 Likes
I have always said no matter how much money I make I will awlays trade as long as there is something to trade
1 Like
Iāll still be trading, but not manually, because I would have developed my winning trading system into an algorithm that trades for meā¦
Honestly, i strongly agree with you! thatās exactly what i want to do also. i will also be mentoring newbiesā¦!
Why not? To pass time and make some pocket money if possible.
I think adults with all their faculties intact can trade at any age.
This is only for the over 60s.
Why do pensioners ALWAYS set a stop loss and a take profit on their trades?
.
.
.
.
.
.
.
.
.
.
.
.
.
Because if they donāt they go to sleep watching the price action and blow their accounts.
1 Like
If iām good, probably yes.
Why not? No amount of money will ever be enough for anyoneā¦
Iām an ordinary mortal beingā¦
I have been learning about trading for the last 2 years since I retired at age 65, it keeps my mind active and once I go into live trading the extra income will allow a better lifestyle than what surviving on a pension does. So I hope I can trade until it is no longer mentally or physically possible, age should not be a barrier.
The first question that appeared in my mind is: will I still be here at 70? If I am, I hope I would keep trading. When traveling is not possible, gardening and trading are the best things to keep your brain active, what do you think? 
Another idea is to teach your grandkids how to trade and share the secrets with them!
That is awesome! I for sure want to still be learning new things in my 70s! 
Also, wow didnāt realize we had so many septuagenarians here! 
1 Like
I know, right? Itās so good to see people learning at all ages!
1 Like
Hi,
About ten years ago I wanted to know for how long I would have to support myself and family until I passed away. I browsed for a table of actuarial stuff that those pension insurers use to make sure they never pay out too much. Combining the actuarial tables with the Pareto principal or the 80/20 rule, I have an 80% chance of dying before the age of 91, so 91 be it.
I then realistically thought that I would work or partially work until 71 years old (that is a moving target) and so came up with a 20 year lifespan without any income for which I would need to self-support. And I have always made one assumption since I were 16 years old and that was āby the time I retire, the State will not have any money to pay me as a pension despite promises for the past 70 yearsā. So the lump sum I may have at 71 years would need to last the next 20 years, or each year could use up a maximum of 5% of that lump sum. So if it is Ā£1M I can afford to spend Ā£50K per year. If it is Ā£500K, I can afford to spend Ā£25K etc.
That answered a question I had had for the previous 20 years and that was āhow much is enough?ā. So I tell my two sons that the bigger the gap between Ā£1M net equity and the actual sum I have at 70 years old, the more it is going to cost them to look after me. Hasnāt had any impact on their planning so far, but I am sure it is slowly dawning on themā¦
1 Like
I still want to be productive after retiring and I think trading is perfect to keep the mind working.
How old are they? Takes a while before adults realize the reality of dealing with aging parents. Theyāre extremely lucky youāve thought this part through.
Too old to not be self sufficient - 28 and 22
The 22 one can stiiiillll be excused, maybe. The 28 one, thatās a bit tough. 