Risk reversal strategy (fx options)

Hello, please do not abuse me for my choice of instrument, I feel embarrassed even asking 😁

I am based in the UK and forex is all I know and I don't want to move in to stocks. I am currently paper trading with a forex options demo account. The demo account i'm trading with cancels at the end of the week so I won't be able to collect enough data or get a comfortable feel for the strategy before I move in to a live account. The risk reversal strategy has caught my attention and I would like to ask a question regarding it.

1. Does time decay or high volatility affect price from the start of this arrow until the end? (Between 2 strike prices)

https://preview.redd.it/sns1rcsvkeqd1.png?width=1555&format=png&auto=webp&s=f2b07aecc9dbd921ce21d15e6cda8f7486fda405

I wouldn't be changing my current forex trading style which is trend trading with sentiment or reversals with supply and demand but the leverage and strategy just seems too good to be true. Is there something I am missing or any pros and cons to forex options?

P.s This is an example trade picked at a random price

Thanks