There are lots of reasons why traders new and old are turning to binary options. Binary option trading (which is also known as Trading d’option binaire in French language) is relatively recent development in the world of trading. Online Forex trading currently has the largest share of online traders. But trading Forex also has some disadvantages that Binary options negate by their very simplicity.
Firstly when trading Forex you only have access to currency pairs, this may not be a great hindrance to most traders firstly but being limited to currencies alone limits the options at your disposal. Most Digital Option brokers offer trades on stocks, commodities and indices as well as currency pairs. This is because they can rely on correlations between assets when trading to diversify their trades. But this is the least of the advantages that binary traders have over Forex traders.
The simplicity of binary option makes them far more efficient trading vehicles. Binary option is particularly handy because the trade durations are about as flexible as you can get. Traders of binary options are able to select from a number of trade expirations, from just 60 seconds to the end of the year. This flexibility is far more useful in the case of shorter term positions. So, these above are all description about binary options trading.