Faith is an action word because it moves God. Hope is an exhortation, which brings strength and courage. Faith's object is the truth looking upon the Word and promise of the thing that is promised. Hope seeks the goodness of God. So my faith lays hold of Christ and teaches, judges and fights against evil and I am made righteous by this knowledge.
Faith conceives the ideal of whatever is to be believed.
When the devil comes against us to crush us, hope lays hold of faith becoming the captain urging us and assuring us through patience of the faith making us strong again. Hope encourages faith by being stirred up in afflictions. By faith we began, by hope we continue and by revelation we shall obtain the whole. Experience here means to test, proof, and trial, approved or tried. So experience is the tribulation that the Christian faces.