In this 30-day Forex challenge, I trade Forex for 30 days as a test to see whether I am ready to trade with real money! Trading Forex is certainly an adventure, check out the challenge below!
30 Days of Trading Forex (Beginner Trader)
Please note that this article may contain affiliate links.
Disclaimer: In this 30 day Forex challenge, I was trading Forex in a demo account. This is a simulated account using paper money because I have never traded Forex before. Therefore I would only carry out this challenge in a zero-risk environment, to test whether I am ready to trade Forex with real money.
30 Days of Trading Forex (Beginner Trader) – Script
Although my Forex challenge is carried out in a demo account, I have treated my account like it is real. Whereby I have used risk management as per my desired trading account for when I trade live, which will be £500. I have done this to practice trading with relevant risk and also to train my emotions to get familiar with the number of figures that I will both win and lose, when I transition to trading with real money.
My risk parameters are: risking 3% per trade on my £500 account. Further information on risk management and how I calculate risk can be found from my free Forex trading plan available here!
30 Days of Trading Forex – Daily Breakdown
Day 1: £31.60
Day 2: £26.18
Day 3: £36.86
Day 4: -£17.68
Day 5: £36.19
Day 6: -£35.78
Day 7: £19.89
Day 8: -£33.87
Day 9: -£17.61
Day 10: No trades
Day 11: -£27.89
Day 12: £63.72
Day 13: £16.09
Day 14: No trades
Day 15: -£32.64
Day 16: -£30.95
Day 17: £1.92
Day 18: £3.16
Day 19: -£1.30
Day 20: £2.90
Day 21: £5.77
Day 22: -£19.46
Day 23: £39.13
Day 24: £1.69
Day 25: £23.44
Day 26: £17.69
Day 27: £38.66
Day 28: £15.26
Day 29: £29.31
Day 30: -£19.49
30 Days of Trading Forex – Results
Total P&L: + £172.79
I have managed to take my £500 account and in 30 days of trading Forex, turn it into £672.79. This is an increase of 36% on my account! As a result, I am very proud of my results.
TRADING RESOURCES
💻 TRADING LAPTOP – https://amzn.to/2Xyp1If
💻 PORTABLE TRADING SCREENS – https://amzn.to/3e7LUI2
FOLDING STAND FOR SCREENS – https://amzn.to/2JQsJER
TRADING SOFTWARE
TradingView | The BEST trading CHARTING platform I use – http://bit.ly/2lYrmeI
TRADING BOOKS
MASTER Trading Psychology – https://amzn.to/3cpilks
Trading in the Zone by Mark Douglas – https://amzn.to/33FihJp
How to Day Trade – https://amzn.to/2UuzPUC
CANDLESTICK TRADING BIBLE – https://bit.ly/2JG1rAY
FURTHER READING
How to find the best stocks for day trading
Trading View Tutorial for beginners
Day Trading Setup for Beginners
I hope you found this article useful!
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