content decoded and translated: Reasons I prefer binary options over FX scalping

Blog "If you can cast freely by watching, the market will become a tool of luck" excerpted from.

The concept of "earn steadily in a short time!" is common to both scalping and binary options.

Even so, the reason I prefer binary options is because it is psychologically easier.

For example, suppose you expect the market to rise from here.

With scalping, you take a long position.
The moment you take the position, the unrealized profit/liability is negative by the spread plus fees.
This negative value becomes a mental burden.
Furthermore, even if the market rises as predicted, you must continue to stay tense about where to exit.

Similarly, if you expect the market to rise from here,
with ladder binary options, you would buy an option that is above a certain ladder, and there are two choices.

One is to buy an in-the-money option now.
Right after purchasing the option, the unrealized profit/liability is negative by the spread, but there is the comfort of being in-the-money.
If the market does not drop sharply, you can simply watch until the judgment time, and you don’t have to think about exit timing, which is easy.
In reality, if the option remains in-the-money, the unrealized profit turns positive over time, giving more peace of mind.

The second method is to buy an out-of-the-money option now.
Then, if the market rises as predicted, you sell for a slight in-the-money amount.
The purchase price is about half, but you must endure being out-of-the-money while maintaining tension to time the sale. Even if the market progresses as predicted, compared to scalping, the out-of-the-money condition adds fatigue, making it a more tiring method.

I tend to use the first method almost exclusively after you reach the last 30 minutes of a two-hour binary.
I like the sense of security of holding an in-the-money option and simply watching until the judgment time.

Occasionally, I also buy options near the at-the-money level.
If the market reading is correct, it becomes immediately in-the-money, so you can stay calm until the judgment time.

Lastly …
A patient, steady investment yields great results over the long run.
You should adopt a method that does not accumulate mental fatigue.

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