Im not a pro or an authority on trading by any means, but I do consider myself an experienced amateur with many lessons learned from the many losses ive taken.
If you dont mind the suggestion, I recommend a 1% max risk per trade. Maybe .50% on average and 1% when you feel like swinging for the fences.
I know the initial thought is that 1% or less risk will make for small gains. But the important factor is it will make for small losses. Reducing risk is much more important than trying to maximize profit imo. I also believe that one of the best ways to maximize profit long term is by aggressively minimizing losses.
I consider capital preservation the foundation of my trading philosophy
3% doesnt sound like alot, but to me 3% risk per trade is not something I would be willing to do.
And be careful using high leverage when your a new trader esp with a small begining balance. Thats a recipe for a quick margin call.
Thats just my opinion, and I know there are many different view points on this subject.
Good luck and happy trading to you