You chose the time of closing before the trade
There will be traders who would like to determine the time to close a trade when it is still active. To most traders this is a good advantage; it is better to choose when a trade closes than to have it hanging when the trade is still active. This is because you can spend the time before the closing to do other things other than spend all your time tracking the trade. You can be planning more profitable trades in that time or even spending time with your loved ones.
With forex trading, you have no option but keep yourself occupied by following the trade and the shifting values so that you do not miss the best time to close. Sometimes you will have to make instant judgments which could benefit your trade or not. Where you will questioning yourself whether this is the right time to close this trade or if you should hold out a little longer is not the right position to be when you are looking out for profits.
Wide range of assets
Binary Option Robot has over 120 different assets that a trader will choose from when he wants to trade. As a trader, you are spoilt for choice because there will never be an instance where you will not find an asset that you can trade with profitably. These assets are also in different types. You could select an asset from the many commodities that this broker supports, you could choose assets from the many stocks of blue-chip companies, you could trade with indices, and yes, you can trade with currencies like you do with forex trading.
The problem with forex trading is that you are restricted to one type of asset which according the name, is just forex. If the forex markets are too volatile and unpredictable, the best thing you can do is keep away from trading until the markets stabilize somewhat. Unlike binary options trading, you cannot switch to a different type of asset which could be doing better in terms of returns when compared to forex. You are stuck to forex for good.
There are no rebates in forex trading
As noted earlier, a good ROI needs you to get savings from whichever source you can. Binary Option Robot offers rebates for all losing trades to all traders in their platform. This means that if you lose a trade, whether you had a trade amount of $10 or $10,000 you will get a small percentage of that as a rebate should you not get the prediction right. This acts as a cushion as you will not fall flat when you lose a trade.
In forex trading, rebates are too rare to consider their likelihood when making the decision to get into this trade. When you lose a trade, you fall hard. It doesn’t matter how much you had invested in but rebates will not be coming your way very easily. You have to regroup without any help from your broker. This in effect makes your ROI quite low.