~ BINARY OPTION ~
Binary options are a pure gamble and you have little control of your position because:
The price is a highly volatile derivative of the underlying.
This price is controlled purely by your broker and guess what? He knows everyone's position & therefore how to inflict maximum losses on their clients.
They make what you lose. Guess what outcome they will try to engineer.
There is only a limited profit potential no matter how far the underlying goes in your favour.
Binary options are a gambling tool and are more like a bet in a casino or on a race where the stakes and rewards can be high, but there is a predetermined end to the bet with max profit and loss determined as you execute the bet.
~ FOREX ~
Forex is the largest financial market with the greatest liquidity so cannot be manipulated in the way binary options prices can.
There is no time limit on holding a position.
Profit potential is unlimited but stops must always be used to limit downside as losses are also unlimited, unlike binary options.
From Sunday night to Friday night the market is open 24 hours.