Both experience and knowledge are important. Actually they both are related to each other. Education is must for forex trading as it is a work of professional. To become a professional you need knowledge. You have to reliably sharpen your trading learning if you have to stay long around here. And experience comes when you educate yourself. I am trading with Eurotrader, a regulated broker. It provides me a wide range of services including low spreads, 1:500 leverage and instant trade execution.