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I trade both forex and binary options as well. I started with forex later I started binary options. In money market, binary option is furthermore incredibly popular. A large number individuals see it as a wagering. But at the same time it resembles forex. For binary options I generally trade 10 minute option assortments regardless it has diverse options assortments. But for both forex and binary, learning is very important. Without learning both are dangerous.
I am still trading on forex, not on option trading, as I know in trading option without stop los but will depending with timeframe, to open and automatically closed order depending timeframe that chosen, but in forex I can use stop loss to manage the risk because however no perfect trader that will always able analyze the trend market correctly
The return is very low compared to risk people take on option. It is around 70% to 80% return for your 100% risk. Where as in forex, a trader can setup his own risk and reward ratio. And there is no predetermined time for that.