How important is age when trading stocks?
In life, I have often heard people I know say that it is too late for them to learn and that taking up a new business is for the young.
But in fact, you can start something new at any age, the main thing is that this activity is truly interesting to you.
Only in this case will you succeed, since money is not always the best incentive to achieve success.
Moreover, in trading, achieving good results may take more than one month or even a year.
In my opinion, the best age to start trading is between 25 and 50. At 25, you already have some life experience that helps you master a new skill, but after 50, everything is more difficult than at a younger age.
It is clear that everything is quite individual; one person at 60 years old can lead a more active lifestyle and have a better memory than another at 30.
Speaking from my own experience, I started trading at the age of 38, and because I was so engrossed in the activity, studying didn't seem difficult at all.
But with each passing year it becomes more and more difficult to use new techniques; age gradually begins to take its toll, or perhaps the activity itself has simply become less interesting after more than 12 years of daily work.
At the same time, history is full of examples of successful traders who began trading after age 50.
Often, this age is the retirement age for military personnel and people in some other professions:
Surprisingly, the average age of stock traders in the US is also 50. As people get older, they become less risk-averse, meaning they lose money less often. Young people, on the other hand, are more risk-averse, which allows them to earn more, but they also experience deposit losses much more frequently.
In my opinion, the effectiveness of training is influenced more by the way in which the newcomer undergoes training than by the age of the newcomer.
It's much easier, and most importantly, more interesting, to take free specialized courses than to read books on trading . And it's more efficient to consolidate your acquired knowledge by participating in demo account contests rather than opening a real account.
It's advisable to view stock trading as a hobby, not as your last chance to make more money. Otherwise, psychological pressure will force you to make ill-considered trades.
Well, if we talk about the maximum age at which one can effectively engage in trading, then there are simply no boundaries.
Today there are investors who continue to work at 70 and even 80 years old; look at Buffett (91 years old) or, for example, the German retiree Ingeberga Mootz , who made her first deal at 75 and made a fortune at such an advanced age.
