Yes acquiring knowledge is very important. You have to acquire specific knowledge and skills. Without skills you will lose money continuously. And for skills you have to spend time. If you think forex is easy, don't come to here. You will lose your hard earned money. If you can give time and efforts to learn, you can give a try. I am trading with XeroMarkets where I study their advanced educational resources to learn more about forex market and trading. They also provides very low spreads and instant trade execution.