Sylvia Marshall considers being a woman an asset in the trading world. Her success as a part-time trader earning millions proves that women can excel in this field too.
Sylvia Marshall, a female trader from England, has proven that gender is not a barrier to trading. She often appears on TV as a DIY (Do It Yourself) and home renovation expert, and she realized that women are underrepresented in the trading world.
Numerous trading mentors exploit women's "naivety" by promising to teach them everything about trading for quick success to line their pockets. Marshall, who nearly succumbed to such promises, investigated and educated herself instead.
Over 30 years ago, she began exploring trading, and everything has changed. Marshall decided to learn independently, seeking out what she needed to know. As a result, she succeeded in becoming a part-time female trader with a 1 million pound investment portfolio. Sylvia mainly uses the trend following strategy in her trading endeavors. She also uses Top and Bottom to manage the risk. Let's take a look at her career journey in the article below.
1 Million Pound Portfolio
Initially, Sylvia Marshall worked in property restoration. In 2013, she saw an advertisement for a trading course that promised monthly earnings ranging from 10,000 to 100,000 pounds. However, after attending the two-day course, she became skeptical and decided to learn independently.
In that same year, Marshall made her first investment. Starting with a capital of 10,000 pounds, Marshall built an investment portfolio worth 1 million!
Although Marshall was grateful that she did not continue with the trading course, she remained worried about the many women her age who became victims of the course scam and lost a significant amount of money. Nonetheless, she considered herself fortunate to have started investing with a reasonable amount of capital, and now she is confident enough to keep adding funds to her portfolio.
Why Become a Part-Time Trader?
Sylvia Marshall admits that earning a living solely from trading is challenging. Therefore, she did not make trading her primary job when she started investing ten years ago.
Sylvia Marshall's success as a trader can be attributed to the freedom she enjoys with daily trading. With just a laptop, she can trade whenever and wherever she wants, both domestically and internationally. This allows Marshall to pursue a career that suits her current lifestyle without sacrificing much time and energy. Therefore, she found comfort in her system and made the trading activity a part-time job. It is worth mentioning that despite being a business psychology graduate, she still pursues her career in the property sector.
Sylvia Marshall's Part-Time Trading Strategy
According to Sylvia Marshall, her trading strategy involves following trends and waiting for asset values to rise. She doesn't try to predict the market and instead follows the trend. A trend-following strategy is when a trader tries to capture an extended move in the market to make a profit for long-term gains. They would identify whether the market is in an uptrend, downtrend, or sideways to make an informed decision.
Sylvia manages risk effectively without aiming for the top or bottom. She focuses on consistently profiting from market movements between the top and bottom.
In addition to this, Marshall never trades based on news and doesn't even pay attention to it. Instead, she relies solely on charts to inform her of what's happening in the market. This trading style has been her signature for years and has proven successful.
On regular days, Marshall doesn't do much. She makes a watch list during the weekend when the market is closed for two hours daily. On workdays, she trades for about half an hour at the end of the day. That's it.
Marshall admits that she has a life to live. Therefore, she is reluctant to stare at her screen 24/7. Another reason is that she doesn't want to get caught up in overtrading. Most people who are too fixated on staring at charts will lose a lot of money because they are too impulsive.
Therefore, Marshall is the type of trader who rarely takes money from her portfolio. Her investment return has averaged 20 percent yearly since 2013, the same year as her first investment. Although it is not a big return, she prefers not to take too much risk. Some of her best stocks include Amazon, Netflix, Facebook, Nvidia, Alphabet, Marriott Hotels, and Boohoo.
Zero to A Million Club
In addition to being a successful part-time trader, Sylvia Marshall is also known for her best-selling book, "Zero to A Million."
It is worth noting that Sylvia Marshall established a trading club called the "Zero to A Million Club." Most of her students are women in their 40s from the UK who are interested in trading. However, some men are interested.
For Marshall, the Zero to A Million Club is not a commercial venture but a personal enjoyment. Some awards that Sylvia Marshall has won thanks to her role as a mentor in the Zero to A Million Club include "Best Forex Trading Mentor" from London Forex Show in 2019 and "Best Performance Coach" from London Trader Show.
Sylvia Marshall is not the only one who thrives in a male dominating industry like trading. There are other success stories from female traders that are worth exploring as well.
5 Comments
May 12 2023
When considering Sylvia Marshall's part-time trading strategy, should traders prioritize watching the risk or the profit potential in Forex trading? According to the article, Marshall follows a trend-following approach, focusing on capturing extended moves in the market for long-term gains. She emphasizes managing risk effectively rather than aiming for the market's top or bottom. Additionally, she disregards news events and relies solely on charts to inform her trading decisions. Marshall's trading style allows her to spend limited time in front of the screen, preventing impulsive overtrading. Given these insights, should traders prioritize monitoring the risks involved in their trades or focus more on the profit potential when adopting a trend-following strategy like Marshall's?
Jun 18 2023
@Joey: Hello my friend, here's the deal. If you're gonna follow Marshall's lead, it's best to prioritize watching the risks involved in your trades. Yeah, profit is great and all, but you gotta protect your hard-earned cash too. Managing risks effectively means setting stop-loss orders, sizing your positions based on your risk tolerance, and keeping an eye on that risk-reward ratio.
Sure, you want those juicy profits, but remember that trend-following strategies like Marshall's require discipline and patience. It's not always gonna be rainbows and unicorns. By focusing on risk management, you'll be safeguarding your capital and increasing your chances of long-term success.
So, my friend, when it comes to adopting Marshall's trend-following approach, keep your eyes on the risks, play it smart, and the profits will follow suit.
Jun 23 2023
Hey there, I am curious about the little thing called follow the trend in the article. So, What are the different types of trend-following strategies that traders can use to capture extended market moves and achieve long-term profits? Instead of predicting the market, trend-following strategies involve following the trends and waiting for asset values to rise. By identifying whether the market is in an uptrend, downtrend, or moving sideways, traders can make informed decisions. So, what are the specific strategies and techniques traders employ to effectively follow trends and maximize their profits? Let's explore the different types of trend-following strategies and understand how traders utilize them to make successful trading decisions.
Jun 27 2023
@Kenny: Trend-following strategies are popular among traders who aim to capitalize on extended market moves by identifying and following the prevailing trends. While there are various approaches to trend following, I'll explain one common strategy employed by traders based on I know that really effectively follow trends and maximize their profits.
Which is Moving Averages. Moving averages are widely used in trend-following strategies. Traders use different time periods of moving averages (e.g., 50-day, 200-day) to identify the direction of the trend. When the price moves above the moving average, it signals an uptrend, while a move below indicates a downtrend. Traders may use crossovers of different moving averages or observe the relationship between the price and a single moving average to generate trading signals.
Also read : Essential Facts about Popular Moving Averages
Jun 30 2023
What are the potential drawbacks of adopting a trading strategy that completely ignores news events and relies solely on chart analysis, as observed in Marshall's approach? Marshall's trading style, which disregards news and focuses exclusively on charts, has been her successful signature strategy for years. However, I'm interested in understanding the potential downsides or limitations of this approach.
By not paying attention to news events, could Marshall be missing out on important market developments that could impact price movements? Are there any instances where news-driven events have had a significant influence on the market that may not be reflected in the charts alone? Moreover, are there any potential risks associated with relying solely on chart analysis without considering the broader fundamental factors affecting the market?