The optimal risk per trade depends heavily on the nature of the trading system you are using. Do you have at least 30-40 trade results of your trading system to do the analysis and calculate the optimal risk size? If not, stick to the 1% risk per trade as a rule of thumb.
Forex is all about taking risk but I’d say it's wise to not to take more than 2% risk. And remember to have a proper risk and money management strategy in place. Earning money through forex is an art but losing lesser money denotes a trader’s smartness, so make sure you imply stop loss where you don't suffer much loss.
With every single trade, you may take 1%-2% risk. You should not take more risk than this. You also have to make sure that you maintain a good risk-reward ratio and winning percentage. I am wishing you all the very best.
Hello, it is considered good practice to have at least 2,0 risk reward ratio . That is the relation ship between the amount of return gained on a trade and the amount of risk undertaken on a trade . a Take Profit of 100 Pips and a S/L of 50 Pips gives you about 2,0 R/R . If you go with above criteria you will only need to be 33,4% correct to be in breakeven in your trades. In the real world the trading edge you will use will require an R/R 2.0 or above to be successful.