Experience or Education?

“Educated Trader” - a trader with a formal forex education - will make their trade. Before investing money in a live account, they invest in themselves by paying tuition for professional forex education. When “Educated Traders” start trading their live accounts, many continue being mentored by their educators, letting their trading ability improve day to day and gain experience, and moving down the path towards becoming a successful trader.
 
Don’t try to select any one from education and experience. Trust me, both of them are equally important for forex trading. Without any one from them you will surely not do well in long run of trading business. This is true that a trader cannot start trading business right after learning. And also without experience money making is not easy in forex market. First of all learn and take proper education regarding forex business and then try any demo account to gather some experience avoiding lose.
 
In my opinion, training on a demo account and educating oneself should go hand in hand, after one gains some basic understanding of the theory. After that, it's good to practice what one learns.
 
I think it's experience that plays the main role in trading, education is important, but not as much as good life trading experience. It's important to test your strategies, to trade at first with small volumes in order to get more experience and in the end it'll give you the desirable result. In order to get the right education it's enough to visit a few trainings or webinars.
 
Basic education about forex is compulsory and all the newbies should get the basic of forex and then should start the work on demo account in order to familiar with this business efficiently, so both education and experience are compulsory for getting success in this business.
 
Without educating yourself you never will have the experience. Even if you have it will be a wrong one.
So education is the main important criteria for experience.
 
Without educating yourself you never will have the experience. Even if you have it will be a wrong one.
So education is the main important criteria for experience.

True. The more initial knowledge a trader has the easier it becomes to accumulate actual experience over time. Both are equally important to a trader's educational process.
 
Both are compulsory for getting success as basic education about forex is can give the confidence and working on demo account gives the practical experience, so all the newbies should get both qualities for better results.
 
The most effective education IS experience, IMHO. Early on, you will make mistakes - there's no way around that. The key is to be willing and able to learn from those mistakes, which will help future trades be more successful
 
True. As they say, one should learn something new every day. Whether one learns it from reading theory or from learning from a past mistake doesn't really matter.
 
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