Pro: The win rate can be extremely high; you could make a profit of up to 80%, and it would not be unreasonable for it to happen.
Con: All bets with a high rate of return are in turn bets with a high rate of loss; it is an inseparable duality.
Pro: Immediacy, you invest and withdraw the profit in very short periods, so you could make a profit in a short time, this is one of the biggest differences between Forex and binary options.
Con: Because of that immediacy, the chances of getting it right may be reduced, it is more difficult to get it right within short periods.
Pro: The prediction modalities are flexible and broad, so you could try to predict price ranges, and that would give you a better chance of being right.
Con: Since you don't need to predict the market, you won't have the firm foundation that studying the market represents.