The world's oldest knockout competition is steeped in tradition - even if the kick-off for Saturday's clash with Chelsea has been moved to 5.15pm - and that is recognised not just by homegrown players but those from overseas.
"The FA Cup is special, and not just for us English guys," said the England midfielder, who will lead his side out in a Wembley final for the second time in less than three months after a Carling Cup victory. "All the foreign lads are sat there in the dressing room saying they can't wait for it. It just goes to show how big this competition is worldwide."
He added: "Some of the biggest experiences myself and Jamie Carragher have had over the years have been winning cups.
"They are nights when you are successful you look back on with fond memories.
"The FA Cup is special altogether but we got a taste of success winning the Carling Cup and that will help some of the younger players in the squad and everyone really because winning breeds confidence."
Carragher said he did not think the rivalry between the two clubs was as intense as it was a few years ago when Rafael Benitez and Jose Mourinho were in charge of their respective sides.
This will be their 31st meeting since the start of 2004/5 season but Gerrard believes when a trophy is up for grabs there is an added edge.
"When there is an FA Cup at stake it is going to be a massive clash," added the Reds skipper.
"They have got top players and are a good side and it shows how powerful they are because it seems to us if we are going to be successful and win these cups we have to overcome Chelsea on the way. They have a lot to play for: top four, Champions League, FA Cup but they have a massive squad and strength in depth with two or there good players in every position."