Japanese is a topic-context dependent language. Most of the time, this topic is often omitted. So essentially, the two you mentioned are the one and the same.
(私は)英語がわかります。 (watashi wa) eigo ga wakarimasu.
Watashi wa is usually implied in most situations as in the example above. However, since you are beginning to learn japanese, always stick (watashi wa) or (anata wa) for now. Later on, you will learn to differentiate between when you may or may not omit it.
"Wa" is a marker necessary to indicate someone or something as a topic, and is used to in beginning of conversations, or when changing topics. It's always there, just implied rather than mentioned to avoid repetitiveness.
You can think of it being similar to: " I can write. I can speak. I can play basketball,"
instead of writing it as "I can write, speak, and play basketball."
Using watashi wa in every sentence gives off a similar nuance. But again, sometimes (watashi wa) might be need to be repeated a second time, just as how sometimes, It might be better to use the former instead of the latter of the english example I gave you. So stick to the basics for now and incorporate "watashi wa/anata wa" in your sentences.