It has long been a common view in the trading community that binary options are easier to learn than Forex trading. As a result, binary options continue to attract a growing number of newcomers interested in trading the financial markets.
Faced with increasing competition, brokers are constantly introducing new tools to attract traders and simplify the trading process. One such innovation is express orders from the binary options broker Pocket Option.
The Pocket Option trading platform with express orders:
Let's take a closer look at what this feature is and how it works.
The Core Concept of an Express Order at Pocket Option
The core idea behind this tool is based on standard Call/Put binary options, with one important difference: a position is opened not on a single asset, but on at least two. For currency pairs, you can build an express order covering up to four pairs at once.
With standard Call/Put options, you only need to correctly predict the direction of a single asset to make a profit. Express orders raise the bar: you have to correctly predict the direction of three or more assets simultaneously. This is more challenging, but the potential payout is several times higher.
For example, suppose a trader opens an express order on three currency pairs: AUD/CAD, CHF/JPY, and EUR/NZD. The total potential payout in that case would be 403%, meaning a $100 position could return $403. Opening separate standard orders for each of the three pairs would yield a maximum of 184% — several times less.
Express order profit is calculated using the following formula:
(1.8 × 1.79 × 1.25 − 1) × 100 = 402.75%
Here, 1.8 represents an 80% payout, 1.79 represents 79%, and so on.
So on a $100 order, the potential profit comes to $403. However, if even one of the predictions turns out to be wrong, the entire order is treated as a loss.
And remember: you can also grow your account beyond profitable trades by using promotional codes for deposit bonuses with Pocket Option.
How to Open an Express Order at Pocket Option
From the menu on the right, find and click the "Express Trades" tab:
A list of trading instruments will open — in this example, currency pairs. From this list you can select the direction you expect each pair to move (using the green and red arrows) and set the option's expiration time (shown directly below the instrument's name).
To open an express order on Pocket Option, you need to select at least two instruments. For currency pairs, the maximum is four.
Once you have selected your currency pairs and set the expiration time, enter the amount and review the expected payout. In this example, we will open an express order on AUD/USD, AUD/JPY, and AUD/NZD with a one-minute expiration. We predicted that AUD/JPY would rise while AUD/USD and AUD/NZD would fall.
As you can see, the potential payout is $578, or 578%.
To remove a pair and add a different one, click the "basket" icon to the right of the selected asset. If everything looks correct, click "Confirm." Once the trade is confirmed, the active option will appear in the "Open" section.
Once the trade closes, its details can be reviewed in the "Closed" section.
In this case, we correctly predicted the direction of all three currency pairs and made a $578 profit.
However, keep in mind that trades can also result in a loss, as shown in one of our earlier examples:
The Advantages of Express Orders at Pocket Option
The main advantage of express orders is their high potential payout relative to the amount risked. They can be particularly useful for traders looking to grow their account balance.
Express orders can also help reduce drawdowns on a main account, since a single profitable express trade can offset several losing positions at once.
How to Use Express Orders at Pocket Option
A few practical tips for using express orders more effectively:
- Based on our testing, the best results come from including only two instruments in a single express order. The more assets you add, the lower the probability of a successful outcome. Using the maximum number of assets does promise a large potential payout, but the key word is "potential" — many traders lose money simply because of greed.
- It is worth tracking the correlation between currency pairs. Dedicated indicators or online services can help with this.
- One of the most important rules is to trade only with the trend. When choosing a trading instrument, pay attention to the prevailing trend — this will support more accurate analysis.
- And of course, always test your approach on a demo account before switching to a live account.
Conclusion
Express orders from Pocket Option can be either a powerful trading tool or a trap for undisciplined traders. Keep your emotions in check and weigh the potential risks carefully if you want to stay in the market over the long term. And always trade with the trend. We wish you success in your trading!
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