Knowledge is everything in this line of business in my opinion, without it you are just lost in guessing and speculating.
Absolutely, knowledge is indeed crucial in forex trading. Having a deep understanding of market dynamics, technical and fundamental analysis, risk management strategies, and trading psychology can significantly enhance a trader's ability to make informed decisions and navigate the complexities of the forex market. Continuous learning and staying updated with market developments are essential for success in this ever-changing landscape.
Yes of course, a well balanced approach does indeed bring about better results.