Disclosed are a two-way photographing system of a mobile terminal and a control method. The system includes a rotating mirror, a lens and an approach sensing apparatus. The rotating mirror is rotatable around the axis to a front reflection state or a rear reflection state for reflecting the incident light to the lens. The rotating minor has a first end close to the front light entrance and a second end close to the rear light entrance. The approach sensing apparatus is located adjacent to the first end when the rotating minor is in the front reflection state or adjacent to the second end when the rotating mirror is in the rear reflection state, and configured to generate a first detecting signal when the rotating mirror is in the front reflection state and to generate a second detecting signal when the rotating mirror is in the rear reflection state.