Both information and practice are crucial to success in Forex trading. Traders must have a solid understanding of fundamental and technical analysis, risk management, and trading psychology. Staying informed about market developments and news is essential to making informed trading decisions. However, practical experience is also essential, as it allows traders to develop a feel for the market and hone their skills and strategies. Demo trading or starting with small positions can help beginners gain valuable experience without risking significant losses. Striking the right balance between information and practice is essential to achieving long-term success in Forex trading.