The malaguena is a great piece of music to check your guitar progress. As you become more familiar with the music you can increase your finger picking speed.
This is my improvised version of this classical guitar piece. If you look back on my previous renditions of the malaguena you can see that I have increased the speed and accuracy of playing.
As a practice piece it is excellent for tracking your progress. Check out how to play it in this video.
Good luck and remember to practice.
