How important is age when engaging in stock trading?

In life, I have often heard statements from people I know that it is too late for them to study and that starting a new business is for young people.

But in fact, you can start something new at any age, the main thing is that this business is really interesting to you.

Only in this case will you succeed, since money is not always the best incentive for achieving success.

Moreover, in trading, achieving a good result may take more than one month or even a year.

In my opinion, the best age to start trading is between 25 and 50 years old. At 25, you already have some life experience that helps you master a new business, but after 50, everything becomes more difficult than at a younger age.

It is clear that everything is quite individual; one person at 60 years old may lead a more active lifestyle and have better memory than another at 30.

If we talk about my own experience, I began to engage in stock trading at the age of 38, and due to the fact that this activity fascinated me completely, studying did not seem difficult at all.

But every year it becomes more and more difficult to use new techniques, age gradually begins to take its toll, and perhaps the activity itself has simply become less interesting after more than 12 years of daily work.

At the same time, there are many examples in history when people who started trading after 50 years became successful traders.

Often this age is the retirement limit for the military and people of some other specialties:

Surprisingly, the average age of stock traders in the United States is also 50 years old; at an older age, people become less risky, which means they lose money less often. Young people, on the contrary, are more likely to take risks, which allows them to earn more, but loss of deposits from young investors also happens much more often.

In my opinion, the effectiveness of training is more influenced not even by the age of the beginner, but by how he will undergo training.

It is much easier, and most importantly more interesting, to take training in free specialized courses than to read books about trading . And it is more rational to consolidate the acquired knowledge by using competitions on demo accounts, rather than a personal account with real money.

At the same time, it is advisable to perceive stock trading as a hobby, and not as the last chance in life to earn more money. Otherwise, psychological pressure will force you to make transactions that are not fully thought out.

Well, if we talk about the age limit at which you can effectively engage in trading, then there are simply no limits.

Today there are investors who continue to work at 70 and even 80 years old, look at Buffett (91 years old) or, for example, German pensioner Ingeberg Mootz , who made her first deal at 75 years old and made a fortune at such an advanced age.