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You may exit at any time in order to protect your profits or cut your losses. You cannot blindly trade binaries and expect to be profitable.
Binary options are easy to understand, but they are harder to trade than spreads without statistical backing of a system for a longer period of time. Most beginners and even intermediate traders would be better off trading spreads than binaries, especially those with smaller accounts. When trading spreads, with each tick being worth one dollar, it isnt hard to get 15-20 ticks of movement, day or night, even without a lot of movement happening in the market.