The market moves because of some reasons - which include global events to social economic events impacting the price movements.. If you have an understanding of these factors, you stand a better chance of making profit. Hence, gaining knowledge is critical component of successful trading journey.
Gaining theoretical knowledge is crucial to apply it practically. Practical knowledge is what leads to gaining experience. Plus, there are many things that move the market, with a new set of challenges that make you gain more knowledge. By learning that way, you will understand in detail what you need to do to be a successful trader.