Both information and practice are essential for success in forex trading. Traders need to have a solid understanding of the market, including economic and political factors that impact currency prices. They also need to develop their trading skills through practice and experience, using demo accounts and small live accounts to test their strategies and hone their decision-making abilities. By combining information with practice, traders can build the knowledge and skills needed to succeed in the market. It's important to maintain a balance between learning and doing, constantly seeking new information and putting it into practice to improve their performance.
