Iron is a chemical element. This element is represented by the symbol Fe. Iron has an atomic number of 26. This means that iron has 26 electrons and 26 protons. A valence electron is an electron that participates in the forming of a chemical bond. The answer to how many valence electrons are found in iron is that it will depend on how you figure it. There are either 2, 3, or 8. This is because Fe has variable states of oxidation.