Hi, I am 12 years old (13 next week) and I am really intrested in the forex market.
Before I go any further I may point out that I am very mature and well… Nerdy.
I was looking at what I could do to earn some money when I am older and I came across forex. I have read into it a bit and started the school but I was wondering what should I do after the school because I am looking to read about forex and practise constantly until I am old enough to invest and start trading properly. Also what age do you have to be to invest real money? Thank you for your help! 
That’s awesome… 18 gets you in the game.
:57:
If you get an adult to open an account you could get some real practice.
:o
Starting young.
While waiting for another five years before you can get started must suck, the advantage is that you’ll be a real pro in regard of the theory by that time.
After you’ve finished the School of Pipsology you might want to read some books delving deeper into forex; there are literally thousands of those.
Maybe you should post again, once you’re through with the school, to find out which books are the most worthwhile to get started with.
I’d definitely recommend the three books on candlesticks by Steve Nison.
Cheers,
O.
Yeah, I thought about that, too … although there might be legal issues, which might get your parents in trouble.
I think a demo account would be feasible, and that should be legal, too.
O.
Thanks very much to the people who have posted, I have a demo account that my dad got for me but I have decided to finish forex school before I start to use it.
Yeah, that makes sense … you gotta know exactly what you’re doing before you start trading.
Otherwise you’ll just place some trades, and if they happen to turn out well, that’s a good way to start a bad (gambling) habit.
Good luck, and have fun trading.
O.
Good for you I was almost twice your age before I realized I had to work for money.
Clark did equities around your age so I would imagine if you had a good demo record you could start as soon as you want
James,
you can start right here. ICT has taught a lot of us here how to trade
Beg your mom to open you a brokerage account. Started when I was 13 as well so I guess I know what it’s like; good on yeah. Best of luck!
:o
I didn’t know that was permitted … cool.
But aren’t people legally competent at age 18 only?
O.
What can they do? They’d have no proof. The only thing is, if you have a question you’d like to call your broker about, your mom or whoever opened the account has to call. But either than that, your mom gives you your account details and you’re good to go. Also make sure that whatever happens to that account, your mom is directly liable, taxes and all.
“Competent”… Lol you make it sound like kids can’t make money?
Thanks everyone for the support! I am working my way through the school making sure everything goes in. I reckon if I beg my mum enough in about 2 years she will let me go live, but until then I have to practice!
lol, no, that’s not what I meant … ‘[I]legally competent[/I]’ is a legal term meaning that a person cannot enter into a business relationship, i.e. that his/her signature on a business contract is not valid and hence not legally binding.
Basically the same you said: the official account holder will have to communicate with the broker, because James can’t. 
@James: hehe, looks like you’re really serious about this, planning two years in advance.
Not many guys your age are like this; it’s nice to see there are teens out there who are interested in more than video games, MTV charts, and tatoos.
O.
You may not be able to open an account on your own since most regulations prohibit underage accounts, however, as suggested above, you could ask your parents to set up a demo account and move on from there…
Good luck!
Sup man im 16 and I started a few months ago, best thing I did was opening a demo and just messing around
on that as your doing the school you will get a hang of things. Definitely use the Forex Calendar under the
tools section its extremely helpful and will allow you to flex your market analysis muscles. I am still new so im
saying this from the point of view of a noob dont be afraid to loose. You will have amazing first trades and then you will most likely loose more than what you make its the steps to becoming a forex man. So be ready to not only accept but understand loss and for now have fun cause it is very addicting and will have you looking at charts for hours connecting the dots and that is the beauty of it. So good luck and have fun you have picked it
up at a fairly ideal time.
great for a young guy like you to trade forex, but my advice is this; finish secondary school first to avoid much distractions on your studies
It is good that your are young but learning forex with demo account. You can trade with real account created by your father’s name.
Hehe, yes … and then watch him doubling his family’s income … that’d be pretty cool.
Hi James,
First, I want to congratulate you for taking accountability for your own future at such an early age (I hope by the time you get 22 you are a billionaire, LOL). My main sugestion concerns with trading systems. I don’t know how much you’ve been reading about trading but you’ll soon discover -if still haven’t- that the variety of them can be overwhelming. So, don’t get to carried away testing all the systems you get, because most of them will work for just a limited period of time if they get to work at all. Read the School of Pipsology here at Babypips, if you haven’t. After that there some books that you definitely need to read. Here are some:
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The Disciplined Trader - Mark Douglas: This is the book! It can be a little trouble to grasp at first glance but read it and reread it 'til you fully understand it and I guarantee that if you put to practice all the concepts in this book you will achieve success beyond everything you can imagine.
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The Undeclared Secrets That Drive The Stock Market - [1993] Tom Williams: This book is about trading stocks and futures, but the principles explained on it apply to every financial market in the world, including forex.
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Reminiscene of a Stock Operator - Edwin Levefre: The biography of one of the most successful traders ever, it will help you to keep you motivated.
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Millionaire Traders - Kathy Lien: This one will keep you motivated as well. Motivation is very important in trading because you will face terrible times and you need some gas to keep you running. This book is meant for that purpose.
Concentrate on developing a sound trading plan, here are some points that have helped me to develop a very good one:
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Trade only the higher time frames -weekly, daily and maybe 4H- and master them. Contrary to what you may think by sticking to this rule you can achieve far better results than trading the lower timeframes -1H, 15M, 5M, 1M-.
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Forget about indicators! Professional traders don’t use the XSZMWPIPGETTER V200.01 indicator, so don’t do it! Focus on price patterns -penants, flags, triangles, etc.- and candle patterns -dojis, hammers, etc.- and WHAT THEY MEAN IN CONTEXT. This advice may not work for you, but I share it here with you because have helped me greatly to improve my trading.
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Be patient. Bear in mind that you don’t have to trade all the time. Instead wait for an obvious opportunity to enter a trade, one that has all the things you have previously defined on your trading plan. Not being in a trade is also a position -a very good one by the way-.
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Set an monthly goal. Don’t define a daily goal or weekly goal, this will only add more stress to your trading.
Well, as there are traders so exist styles of trading. I just wanted to share with you what have worked for me, but the thing is that you keep learning and improving.
Hope this helps and happy trading!