Both the forex trading and binary options operate on the same set of principles for one to succeed in it in terms of technical analysis and fundamental analysis.There are however few differences between them;
a.Leverage- there are different types of leverages involved in forex trading while there is no leverage with binary option
b.Stop loss and take profit- In the case of forex one can choose whatever or wherever he or she wants his or her stop loss and take profit to be but in the case of binary option they are fixed when you wing you have between 70 to 90 percent of your investment while when you lose you lose 100 percent of the investment
In all these I prefer forex trading to binary options