Risk

The more you risk the more rewards you get. I risk from 5 to 10% on each trade. But I also exit quickly using a scalping strategy.

That very much depends on greed factor :) if you have one.
I don't believe that greedy people have any ability to balance their nature. They are also proved to be bad investors.

There is also a fine line between how much to risk. Suppose you hold an 100,000 account, then to see your balance grow you don't need much, 2% is just enough, and this is what other traders suggest doing.

But, if you take a small investor with miniaccount and deposit of 1000 dollars or less, risking 2% would be unreasonable: you won't be able to generate enough return to call it a profit and justify the time spend on trading at all...
So, investors with miniaccounts need to risk more if they want to profit or can risk less if they just want to be in "action".

Smiling trader :)

Dear St:)
As the educations say one should never risk more than %3. And again if we want to stay in market we should be patient. I'm not going to risk more than %2. I'm not going to be a greedy trader. I know that the profit may not cover my expense but I appreciate my income even it is small (like my deposit).
Reza

How do you do your trading?
Are you sitting all the time watching the trade?
How many hours a day?

How much you can risk is a tricky question.
It depends on your strategy and also how is this 2% risk spread. If you opened position which in case of market going against you reaches 2% of your account just in 10 pips it is one thing, but if it reaches 2% at 60 pips it is different thing. People talk about various indicators. well, I do use some but I mainly read the tape. I consider Forex trading as a war and my money as my army. and I manage my account as such. My strategy is based on assumption that things can get wrong any time and I must be able to make money in any situations even when market goes against me. It works for me. I believe the best book to learn trading strategy is Julius Caesar Gallic Wars:) It is really not much different between trading Forex and leading army:) Strategy and plan is important, but so is your discipline, will power and ability to keep your cool in any situations and make quick decisions. actually, it is more important than strataegy.