Forex Trading Challenge MILESTONE ACHIEVED!
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Our $200 Forex trading challenge is now well under way, as it is now day 5, the end of the first week of trading. If you have not yet heard of this particular challenge, this is one we created all on our own. If you are a newbie trader who is just getting into the world of FX, you might not have much capital to invest right from the get go. Yes, this is a fear which many newbie traders have, to not have enough starting capital to actually trade and make a profit.
Well, this is exactly what our $200 Forex trading challenge is all about. It’s about showing you that although it may be hard to start trading with only $200, it is more than possible. Moreover, not only is it possible to trade with such little money, but it’s also possible to win trades and increase your account balance. Sure, the gains may be slow, especially in the beginning, but slow and steady progress is exactly what is required here. Winning FX trades is always better than losing money.
The point here is that although gains may be slow, painfully so, when you first start off with the $200 Forex trading challenge, it is possible to slowly increase your account balance. Today we are here because it’s day 5 and today marks a monumental milestone for us. Folks, we have now reached the point where we have doubled our account balance. The 5 day ROI for our challenge is over 100%, and that is what we call success. Let’s take a closer look right now to see how far we have come so far.
$200 Forex Trading Challenge – 1 WEEK PROGRESS!
Yes, our $200 Forex trading challenge has gone very well so far, and today we want to recap how our first week went. Folks, we have been very successful so far, and we are pleasantly surprised with the awesome results we have achieved so far!
$200 Forex Trading Challenge – Day 3
Alright, so day 3 of the $200 Forex trading challenge was when we really started to make some headway in terms of gains. By the end of day 3 of the challenge, we had managed to turn $200 into $308. This means that within 3 days of trading with such a small account, we managed to create a return on investment of 54%.
A $108 return in 3 days might not seem huge in the grand scheme of things. However, when you consider that we managed to increase our FX account balance by over one half, it starts to look a lot different. Remember people, you need to educate yourself, use a good FX trading strategy, engage in proportional risk management, and always focus on winning trades instead of focusing on profit goals.
$200 Forex Trading Challenge – Day 4
Day 4 of the $200 Forex trading challenge saw us achieve another pretty awesome milestone. By the end of day 4, we had managed to turn that initial $200 deposit into over $350. Therefore, within 4 days of starting this challenge, we had managed to create a return on investment of 75%.
Once again, seeing as we started with so little cash, a 75% ROI in just 4 days is nothing short of impressive. Remember to always stick to all of the small account trading rules which we have discussed in the past, as well as in all of the videos which we have included here, and you should be fine.
$200 Forex Trading Challenge – Day 5 – MILESTONE #1 ACHIEVED!
Now, day 5 of our $200 Forex trading challenge was when we achieved the first huge milestone. This was the day where we managed to achieve an ROI of over 100%. In other words, within 5 days of starting this FX challenge, we managed to double our account balance, or actually slightly more than double it.
No, $200 may not seem like a massive gain for 5 days of trading, but once again, if you compare this to such a small starting balance, it’s actually really awesome.
Now, week 1 of our $200 Forex trading challenge marked a huge milestone. This 100% ROI is nothing to look down our noses at. What’s nice is that we can now slowly start increasing how much money we invest per trade, which means that gains will start increasing exponentially. In all reality, we expect to reach the $1,000 by about this time next week.
$200 Forex Trading Challenge – Week 1 Progress
The bottom line is that our $200 Forex trading challenge is now well under way, and at the end of week 1, AKA day 5, we have seen great success. Over the period of 5 days of trading FX, we have managed to bring our account from $200 to over $400. This means that our 5 day ROI for this challenge currently sits at just over 100%, which is of course very impressive.
Of course, a profit of $200 in 5 days is not huge when compared to big time pro FX traders that can make that much money on a single trade. However, when you compare the overall gains to the initial investment amount, things look a whole lot different.
Simply put, the fact that we managed to start with so little trading capital and double our account balance in 5 days is nothing short of impressive. Now, if you follow all of the tips which we outline in these $200 Forex trading challenge articles, and you watch all of Andy’s instructional videos, you should have no problems emulating these results for yourself.
If you stick to a plan, you engage in risk management, and you trade smart, being successful with this $200 Forex trading challenge is more than possible. Remember, if you want to learn everything there is to know about FX trading, and you want to become a real pro, there is no better place to learn than the Income Mentor Box Day Trading Academy.
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