{"id":26393,"date":"2025-03-17T11:15:37","date_gmt":"2025-03-17T04:15:37","guid":{"rendered":"https:\/\/wp-blog-test.realstake.net\/blog\/?p=26393"},"modified":"2025-03-17T15:05:28","modified_gmt":"2025-03-17T08:05:28","slug":"18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc","status":"publish","type":"post","link":"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/","title":{"rendered":"18 Thu\u1eadt Ng\u1eef C\u01a1 B\u1ea3n Trong H\u1ee3p \u0110\u1ed3ng T\u01b0\u01a1ng Lai"},"content":{"rendered":"\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-right kksr-valign-top\"\n    data-payload='{&quot;align&quot;:&quot;right&quot;,&quot;id&quot;:&quot;26393&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;top&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;2&quot;,&quot;greet&quot;:&quot;\u0110\u00e1nh gi\u00e1 t\u1ea1i \u0111\u00e2y&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;18 Thu\u1eadt Ng\u1eef C\u01a1 B\u1ea3n Trong H\u1ee3p \u0110\u1ed3ng T\u01b0\u01a1ng Lai&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 2px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            <span class=\"kksr-muted\">\u0110\u00e1nh gi\u00e1 t\u1ea1i \u0111\u00e2y<\/span>\n    <\/div>\n    <\/div>\n<p>H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai l\u00e0 c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh gi\u00fap b\u1ea1n mua ho\u1eb7c b\u00e1n t\u00e0i s\u1ea3n v\u1edbi gi\u00e1 x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc t\u1ea1i m\u1ed9t th\u1eddi \u0111i\u1ec3m trong t\u01b0\u01a1ng lai. \u0110\u1ec3 giao d\u1ecbch hi\u1ec7u qu\u1ea3, b\u1ea1n c\u1ea7n n\u1eafm v\u1eefng 18 thu\u1eadt ng\u1eef c\u01a1 b\u1ea3n sau:<\/p>\n<ol>\n<li><strong>H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai (Futures Contract):<\/strong> Th\u1ecfa thu\u1eadn mua\/b\u00e1n t\u00e0i s\u1ea3n t\u1ea1i gi\u00e1 c\u1ed1 \u0111\u1ecbnh trong t\u01b0\u01a1ng lai.<\/li>\n<li><strong>T\u00e0i s\u1ea3n c\u01a1 s\u1edf (Underlying Asset):<\/strong> H\u00e0ng h\u00f3a, ch\u1ec9 s\u1ed1, ti\u1ec1n t\u1ec7&#8230; l\u00e0m n\u1ec1n t\u1ea3ng cho h\u1ee3p \u0111\u1ed3ng.<\/li>\n<li><strong>Gi\u00e1 giao ngay (Spot Price):<\/strong> Gi\u00e1 hi\u1ec7n t\u1ea1i c\u1ee7a t\u00e0i s\u1ea3n tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/li>\n<li><strong>Gi\u00e1 k\u1ef3 h\u1ea1n (Forward Price):<\/strong> Gi\u00e1 th\u1ecfa thu\u1eadn cho giao d\u1ecbch trong t\u01b0\u01a1ng lai.<\/li>\n<li><strong>V\u1ecb th\u1ebf mua (Long Position):<\/strong> \u0110\u1eb7t c\u01b0\u1ee3c gi\u00e1 t\u00e0i s\u1ea3n s\u1ebd t\u0103ng.<\/li>\n<li><strong>V\u1ecb th\u1ebf b\u00e1n (Short Position):<\/strong> \u0110\u1eb7t c\u01b0\u1ee3c gi\u00e1 t\u00e0i s\u1ea3n s\u1ebd gi\u1ea3m.<\/li>\n<li><strong>L\u1ec7nh th\u1ecb tr\u01b0\u1eddng (Market Order):<\/strong> L\u1ec7nh giao d\u1ecbch ngay t\u1ea1i gi\u00e1 t\u1ed1t nh\u1ea5t hi\u1ec7n c\u00f3.<\/li>\n<li><strong>L\u1ec7nh gi\u1edbi h\u1ea1n (Limit Order):<\/strong> L\u1ec7nh mua\/b\u00e1n \u1edf m\u1ee9c gi\u00e1 b\u1ea1n \u0111\u1eb7t tr\u01b0\u1edbc.<\/li>\n<li><strong>K\u00fd qu\u1ef9 (Margin):<\/strong> S\u1ed1 ti\u1ec1n \u0111\u1eb7t c\u1ecdc \u0111\u1ec3 m\u1edf v\u00e0 duy tr\u00ec v\u1ecb th\u1ebf.<\/li>\n<li><strong>T\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y (Leverage Ratio):<\/strong> Giao d\u1ecbch v\u1edbi gi\u00e1 tr\u1ecb l\u1edbn h\u01a1n v\u1ed1n th\u1ef1c c\u00f3.<\/li>\n<li><strong>Gi\u00e1 thanh to\u00e1n (Settlement Price):<\/strong> Gi\u00e1 d\u00f9ng \u0111\u1ec3 t\u00ednh l\u00e3i\/l\u1ed7 h\u00e0ng ng\u00e0y.<\/li>\n<li><strong>Bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng gi\u00e1 (Price Fluctuation Limit):<\/strong> Gi\u1edbi h\u1ea1n t\u0103ng\/gi\u1ea3m gi\u00e1 trong m\u1ed9t phi\u00ean.<\/li>\n<li><strong>K\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng (Contract Size):<\/strong> S\u1ed1 l\u01b0\u1ee3ng t\u00e0i s\u1ea3n c\u01a1 s\u1edf trong m\u1ed7i h\u1ee3p \u0111\u1ed3ng.<\/li>\n<li><strong>Th\u00e1ng giao d\u1ecbch (Contract Month):<\/strong> Th\u1eddi \u0111i\u1ec3m h\u1ee3p \u0111\u1ed3ng \u0111\u01b0\u1ee3c giao d\u1ecbch.<\/li>\n<li><strong>Ng\u00e0y \u0111\u00e1o h\u1ea1n (Expiration Date):<\/strong> Ng\u00e0y h\u1ee3p \u0111\u1ed3ng h\u1ebft h\u1ea1n v\u00e0 thanh to\u00e1n.<\/li>\n<li><strong>Ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n (Settlement Method):<\/strong> Thanh to\u00e1n b\u1eb1ng ti\u1ec1n ho\u1eb7c h\u00e0ng.<\/li>\n<li><strong>C\u01a1 s\u1edf (Basis):<\/strong> Ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 giao ngay v\u00e0 gi\u00e1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.<\/li>\n<li><strong>Ch\u00eanh l\u1ec7ch gi\u00e1 (Spread):<\/strong> S\u1ef1 kh\u00e1c bi\u1ec7t gi\u00e1 gi\u1eefa hai h\u1ee3p \u0111\u1ed3ng.<\/li>\n<\/ol>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">N\u1ed9i dung ch\u00ednh<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Tom_tat_nhanh\" title=\"T\u00f3m t\u1eaft nhanh:\">T\u00f3m t\u1eaft nhanh:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#1_Hop_dong_tuong_lai_Futures_Contract\" title=\"1. H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai (Futures Contract)\">1. H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai (Futures Contract)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Nhung_dac_diem_chinh_cua_hop_dong_tuong_lai\" title=\"Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m ch\u00ednh c\u1ee7a h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai:\">Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m ch\u00ednh c\u1ee7a h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Vi_du_minh_hoa\" title=\"V\u00ed d\u1ee5 minh h\u1ecda:\">V\u00ed d\u1ee5 minh h\u1ecda:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Loi_ich_khi_su_dung_hop_dong_tuong_lai\" title=\"L\u1ee3i \u00edch khi s\u1eed d\u1ee5ng h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai:\">L\u1ee3i \u00edch khi s\u1eed d\u1ee5ng h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#2_Tai_san_co_so_Underlying_Asset\" title=\"2. T\u00e0i s\u1ea3n c\u01a1 s\u1edf (Underlying Asset)\">2. T\u00e0i s\u1ea3n c\u01a1 s\u1edf (Underlying Asset)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cac_loai_tai_san_co_so_pho_bien\" title=\"C\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n c\u01a1 s\u1edf ph\u1ed5 bi\u1ebfn\">C\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n c\u01a1 s\u1edf ph\u1ed5 bi\u1ebfn<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_tai_san_co_so\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Vi_du_ve_tai_san_co_so_tai_Viet_Nam\" title=\"V\u00ed d\u1ee5 v\u1ec1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf t\u1ea1i Vi\u1ec7t Nam\">V\u00ed d\u1ee5 v\u1ec1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf t\u1ea1i Vi\u1ec7t Nam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Vai_tro_cua_tai_san_co_so\" title=\"Vai tr\u00f2 c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf\">Vai tr\u00f2 c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#3_Gia_giao_ngay_Spot_Price\" title=\"3. Gi\u00e1 giao ngay (Spot Price)\">3. Gi\u00e1 giao ngay (Spot Price)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_gia_giao_ngay\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a gi\u00e1 giao ngay\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a gi\u00e1 giao ngay<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Vai_tro_trong_giao_dich_hop_dong_tuong_lai\" title=\"Vai tr\u00f2 trong giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai\">Vai tr\u00f2 trong giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Vi_du_ve_gia_giao_ngay\" title=\"V\u00ed d\u1ee5 v\u1ec1 gi\u00e1 giao ngay\">V\u00ed d\u1ee5 v\u1ec1 gi\u00e1 giao ngay<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Moi_quan_he_voi_gia_ky_han\" title=\"M\u1ed1i quan h\u1ec7 v\u1edbi gi\u00e1 k\u1ef3 h\u1ea1n\">M\u1ed1i quan h\u1ec7 v\u1edbi gi\u00e1 k\u1ef3 h\u1ea1n<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#4_Gia_ky_han_Forward_Price\" title=\"4. Gi\u00e1 k\u1ef3 h\u1ea1n (Forward Price)\">4. Gi\u00e1 k\u1ef3 h\u1ea1n (Forward Price)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cac_thanh_phan_chinh_cua_gia_ky_han\" title=\"C\u00e1c th\u00e0nh ph\u1ea7n ch\u00ednh c\u1ee7a gi\u00e1 k\u1ef3 h\u1ea1n\">C\u00e1c th\u00e0nh ph\u1ea7n ch\u00ednh c\u1ee7a gi\u00e1 k\u1ef3 h\u1ea1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_can_luu_y\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cong_thuc_tinh_gia_ky_han\" title=\"C\u00f4ng th\u1ee9c t\u00ednh gi\u00e1 k\u1ef3 h\u1ea1n\">C\u00f4ng th\u1ee9c t\u00ednh gi\u00e1 k\u1ef3 h\u1ea1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Vi_du_minh_hoa-2\" title=\"V\u00ed d\u1ee5 minh h\u1ecda\">V\u00ed d\u1ee5 minh h\u1ecda<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Loi_ich_trong_giao_dich\" title=\"L\u1ee3i \u00edch trong giao d\u1ecbch\">L\u1ee3i \u00edch trong giao d\u1ecbch<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#5_Vi_the_mua_Long_Position\" title=\"5. V\u1ecb th\u1ebf mua (Long Position)\">5. V\u1ecb th\u1ebf mua (Long Position)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_vi_the_mua\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a v\u1ecb th\u1ebf mua\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a v\u1ecb th\u1ebf mua<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cong_thuc_tinh_loi_nhuan\" title=\"C\u00f4ng th\u1ee9c t\u00ednh l\u1ee3i nhu\u1eadn\">C\u00f4ng th\u1ee9c t\u00ednh l\u1ee3i nhu\u1eadn<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Quan_ly_rui_ro\" title=\"Qu\u1ea3n l\u00fd r\u1ee7i ro\">Qu\u1ea3n l\u00fd r\u1ee7i ro<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Khi_nao_nen_su_dung_vi_the_mua\" title=\"Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng v\u1ecb th\u1ebf mua?\">Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng v\u1ecb th\u1ebf mua?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Uu_va_nhuoc_diem\" title=\"\u01afu v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m\">\u01afu v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#6_Vi_the_ban_Short_Position\" title=\"6. V\u1ecb th\u1ebf b\u00e1n (Short Position)\">6. V\u1ecb th\u1ebf b\u00e1n (Short Position)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_vi_the_ban\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a v\u1ecb th\u1ebf b\u00e1n\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a v\u1ecb th\u1ebf b\u00e1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cong_thuc_tinh_loi_nhuan-2\" title=\"C\u00f4ng th\u1ee9c t\u00ednh l\u1ee3i nhu\u1eadn\">C\u00f4ng th\u1ee9c t\u00ednh l\u1ee3i nhu\u1eadn<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Quan_ly_rui_ro_cho_vi_the_ban\" title=\"Qu\u1ea3n l\u00fd r\u1ee7i ro cho v\u1ecb th\u1ebf b\u00e1n\">Qu\u1ea3n l\u00fd r\u1ee7i ro cho v\u1ecb th\u1ebf b\u00e1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Tinh_huong_phu_hop\" title=\"T\u00ecnh hu\u1ed1ng ph\u00f9 h\u1ee3p\">T\u00ecnh hu\u1ed1ng ph\u00f9 h\u1ee3p<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Uu_va_nhuoc_diem-2\" title=\"\u01afu v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m\">\u01afu v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Chien_luoc_giao_dich\" title=\"Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch\">Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#7_Lenh_thi_truong_Market_Order\" title=\"7. L\u1ec7nh th\u1ecb tr\u01b0\u1eddng (Market Order)\">7. L\u1ec7nh th\u1ecb tr\u01b0\u1eddng (Market Order)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_lenh_thi_truong\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a l\u1ec7nh th\u1ecb tr\u01b0\u1eddng\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a l\u1ec7nh th\u1ecb tr\u01b0\u1eddng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#So_sanh_lenh_thi_truong_voi_cac_loai_lenh_khac\" title=\"So s\u00e1nh l\u1ec7nh th\u1ecb tr\u01b0\u1eddng v\u1edbi c\u00e1c lo\u1ea1i l\u1ec7nh kh\u00e1c\">So s\u00e1nh l\u1ec7nh th\u1ecb tr\u01b0\u1eddng v\u1edbi c\u00e1c lo\u1ea1i l\u1ec7nh kh\u00e1c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-38\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Khi_nao_nen_dung_lenh_thi_truong\" title=\"Khi n\u00e0o n\u00ean d\u00f9ng l\u1ec7nh th\u1ecb tr\u01b0\u1eddng?\">Khi n\u00e0o n\u00ean d\u00f9ng l\u1ec7nh th\u1ecb tr\u01b0\u1eddng?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-39\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Luu_y_khi_su_dung_lenh_thi_truong\" title=\"L\u01b0u \u00fd khi s\u1eed d\u1ee5ng l\u1ec7nh th\u1ecb tr\u01b0\u1eddng\">L\u01b0u \u00fd khi s\u1eed d\u1ee5ng l\u1ec7nh th\u1ecb tr\u01b0\u1eddng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-40\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Meo_su_dung_lenh_thi_truong_hieu_qua\" title=\"M\u1eb9o s\u1eed d\u1ee5ng l\u1ec7nh th\u1ecb tr\u01b0\u1eddng hi\u1ec7u qu\u1ea3\">M\u1eb9o s\u1eed d\u1ee5ng l\u1ec7nh th\u1ecb tr\u01b0\u1eddng hi\u1ec7u qu\u1ea3<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-41\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#8_Lenh_gioi_han_Limit_Order\" title=\"8. L\u1ec7nh gi\u1edbi h\u1ea1n (Limit Order)\">8. L\u1ec7nh gi\u1edbi h\u1ea1n (Limit Order)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-42\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_lenh_gioi_han\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a l\u1ec7nh gi\u1edbi h\u1ea1n\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a l\u1ec7nh gi\u1edbi h\u1ea1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-43\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Hai_loai_lenh_gioi_han_chinh\" title=\"Hai lo\u1ea1i l\u1ec7nh gi\u1edbi h\u1ea1n ch\u00ednh\">Hai lo\u1ea1i l\u1ec7nh gi\u1edbi h\u1ea1n ch\u00ednh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-44\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#So_sanh_hieu_qua_su_dung\" title=\"So s\u00e1nh hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng\">So s\u00e1nh hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-45\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Khi_nao_nen_su_dung_lenh_gioi_han\" title=\"Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng l\u1ec7nh gi\u1edbi h\u1ea1n?\">Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng l\u1ec7nh gi\u1edbi h\u1ea1n?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-46\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Mot_so_luu_y_quan_trong\" title=\"M\u1ed9t s\u1ed1 l\u01b0u \u00fd quan tr\u1ecdng\">M\u1ed9t s\u1ed1 l\u01b0u \u00fd quan tr\u1ecdng<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-47\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#9_Ky_quy_Margin\" title=\"9. K\u00fd qu\u1ef9 (Margin)\">9. K\u00fd qu\u1ef9 (Margin)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-48\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_ky_quy\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a k\u00fd qu\u1ef9\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a k\u00fd qu\u1ef9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-49\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cac_loai_ky_quy_chinh\" title=\"C\u00e1c lo\u1ea1i k\u00fd qu\u1ef9 ch\u00ednh\">C\u00e1c lo\u1ea1i k\u00fd qu\u1ef9 ch\u00ednh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-50\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cac_yeu_to_anh_huong_den_muc_ky_quy\" title=\"C\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn m\u1ee9c k\u00fd qu\u1ef9\">C\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn m\u1ee9c k\u00fd qu\u1ef9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-51\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cach_quan_ly_ky_quy_hieu_qua\" title=\"C\u00e1ch qu\u1ea3n l\u00fd k\u00fd qu\u1ef9 hi\u1ec7u qu\u1ea3\">C\u00e1ch qu\u1ea3n l\u00fd k\u00fd qu\u1ef9 hi\u1ec7u qu\u1ea3<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-52\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#10_Ty_le_don_bay_Leverage_Ratio\" title=\"10. T\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y (Leverage Ratio)\">10. T\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y (Leverage Ratio)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-53\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cach_tinh_ty_le_don_bay\" title=\"C\u00e1ch t\u00ednh t\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y\">C\u00e1ch t\u00ednh t\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-54\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_don_bay_trong_giao_dich\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a \u0111\u00f2n b\u1ea9y trong giao d\u1ecbch\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a \u0111\u00f2n b\u1ea9y trong giao d\u1ecbch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-55\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Nguyen_tac_quan_ly_rui_ro_khi_su_dung_don_bay\" title=\"Nguy\u00ean t\u1eafc qu\u1ea3n l\u00fd r\u1ee7i ro khi s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y\">Nguy\u00ean t\u1eafc qu\u1ea3n l\u00fd r\u1ee7i ro khi s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-56\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Luu_y_quan_trong\" title=\"L\u01b0u \u00fd quan tr\u1ecdng\">L\u01b0u \u00fd quan tr\u1ecdng<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-57\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#11_Gia_thanh_toan_Settlement_Price\" title=\"11. Gi\u00e1 thanh to\u00e1n (Settlement Price)\">11. Gi\u00e1 thanh to\u00e1n (Settlement Price)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-58\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_gia_thanh_toan\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a gi\u00e1 thanh to\u00e1n\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a gi\u00e1 thanh to\u00e1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-59\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cach_xac_dinh_gia_thanh_toan\" title=\"C\u00e1ch x\u00e1c \u0111\u1ecbnh gi\u00e1 thanh to\u00e1n\">C\u00e1ch x\u00e1c \u0111\u1ecbnh gi\u00e1 thanh to\u00e1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-60\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Vai_tro_trong_quan_ly_rui_ro\" title=\"Vai tr\u00f2 trong qu\u1ea3n l\u00fd r\u1ee7i ro\">Vai tr\u00f2 trong qu\u1ea3n l\u00fd r\u1ee7i ro<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-61\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Anh_huong_den_chien_luoc_giao_dich\" title=\"\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch\">\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-62\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#12_Bien_do_giao_dong_gia_Price_Fluctuation_Limit\" title=\"12. Bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng gi\u00e1 (Price Fluctuation Limit)\">12. Bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng gi\u00e1 (Price Fluctuation Limit)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-63\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_bien_do_giao_dong_gia\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng gi\u00e1\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng gi\u00e1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-64\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Co_che_hoat_dong\" title=\"C\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng\">C\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-65\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Y_nghia_doi_voi_nha_dau_tu\" title=\"\u00dd ngh\u0129a \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0\">\u00dd ngh\u0129a \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-66\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Quan_ly_rui_ro_hieu_qua\" title=\"Qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3\">Qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-67\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#13_Kich_thuoc_hop_dong_Contract_Size\" title=\"13. K\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng (Contract Size)\">13. K\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng (Contract Size)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-68\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_kich_thuoc_hop_dong\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-69\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cach_tinh_gia_tri_hop_dong\" title=\"C\u00e1ch t\u00ednh gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng\">C\u00e1ch t\u00ednh gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-70\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Anh_huong_den_chien_luoc_giao_dich-2\" title=\"\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch\">\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-71\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Lua_chon_kich_thuoc_hop_dong_phu_hop\" title=\"L\u1ef1a ch\u1ecdn k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng ph\u00f9 h\u1ee3p\">L\u1ef1a ch\u1ecdn k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng ph\u00f9 h\u1ee3p<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-72\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#14_Thang_giao_dich_Contract_Month\" title=\"14. Th\u00e1ng giao d\u1ecbch (Contract Month)\">14. Th\u00e1ng giao d\u1ecbch (Contract Month)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-73\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_thang_giao_dich\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a th\u00e1ng giao d\u1ecbch\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a th\u00e1ng giao d\u1ecbch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-74\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cac_loai_thang_giao_dich_pho_bien\" title=\"C\u00e1c lo\u1ea1i th\u00e1ng giao d\u1ecbch ph\u1ed5 bi\u1ebfn\">C\u00e1c lo\u1ea1i th\u00e1ng giao d\u1ecbch ph\u1ed5 bi\u1ebfn<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-75\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Chien_luoc_chon_thang_giao_dich\" title=\"Chi\u1ebfn l\u01b0\u1ee3c ch\u1ecdn th\u00e1ng giao d\u1ecbch\">Chi\u1ebfn l\u01b0\u1ee3c ch\u1ecdn th\u00e1ng giao d\u1ecbch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-76\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Vi_du_ve_thang_giao_dich\" title=\"V\u00ed d\u1ee5 v\u1ec1 th\u00e1ng giao d\u1ecbch\">V\u00ed d\u1ee5 v\u1ec1 th\u00e1ng giao d\u1ecbch<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-77\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#15_Ngay_dao_han_Expiration_Date\" title=\"15. Ng\u00e0y \u0111\u00e1o h\u1ea1n (Expiration Date)\">15. Ng\u00e0y \u0111\u00e1o h\u1ea1n (Expiration Date)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-78\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_ngay_dao_han\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a ng\u00e0y \u0111\u00e1o h\u1ea1n\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a ng\u00e0y \u0111\u00e1o h\u1ea1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-79\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cac_luu_y_ve_ngay_dao_han\" title=\"C\u00e1c l\u01b0u \u00fd v\u1ec1 ng\u00e0y \u0111\u00e1o h\u1ea1n\">C\u00e1c l\u01b0u \u00fd v\u1ec1 ng\u00e0y \u0111\u00e1o h\u1ea1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-80\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Chien_luoc_quan_ly_ngay_dao_han\" title=\"Chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n l\u00fd ng\u00e0y \u0111\u00e1o h\u1ea1n\">Chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n l\u00fd ng\u00e0y \u0111\u00e1o h\u1ea1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-81\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Anh_huong_cua_ngay_dao_han\" title=\"\u1ea2nh h\u01b0\u1edfng c\u1ee7a ng\u00e0y \u0111\u00e1o h\u1ea1n\">\u1ea2nh h\u01b0\u1edfng c\u1ee7a ng\u00e0y \u0111\u00e1o h\u1ea1n<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-82\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#16_Phuong_thuc_thanh_toan_Settlement_Method\" title=\"16. Ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n (Settlement Method)\">16. Ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n (Settlement Method)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-83\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cac_hinh_thuc_thanh_toan\" title=\"C\u00e1c h\u00ecnh th\u1ee9c thanh to\u00e1n\">C\u00e1c h\u00ecnh th\u1ee9c thanh to\u00e1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-84\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Quy_trinh_thanh_toan\" title=\"Quy tr\u00ecnh thanh to\u00e1n\">Quy tr\u00ecnh thanh to\u00e1n<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-85\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Yeu_cau_ve_thoi_gian\" title=\"Y\u00eau c\u1ea7u v\u1ec1 th\u1eddi gian\">Y\u00eau c\u1ea7u v\u1ec1 th\u1eddi gian<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-86\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Luu_y_quan_trong-2\" title=\"L\u01b0u \u00fd quan tr\u1ecdng\">L\u01b0u \u00fd quan tr\u1ecdng<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-87\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Rui_ro_can_quan_ly\" title=\"R\u1ee7i ro c\u1ea7n qu\u1ea3n l\u00fd\">R\u1ee7i ro c\u1ea7n qu\u1ea3n l\u00fd<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-88\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#17_Co_so_Basis\" title=\"17. C\u01a1 s\u1edf (Basis)\">17. C\u01a1 s\u1edf (Basis)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-89\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cong_thuc_tinh_Basis\" title=\"C\u00f4ng th\u1ee9c t\u00ednh Basis\">C\u00f4ng th\u1ee9c t\u00ednh Basis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-90\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cac_trang_thai_cua_Basis\" title=\"C\u00e1c tr\u1ea1ng th\u00e1i c\u1ee7a Basis\">C\u00e1c tr\u1ea1ng th\u00e1i c\u1ee7a Basis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-91\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cac_yeu_to_tac_dong_den_Basis\" title=\"C\u00e1c y\u1ebfu t\u1ed1 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn Basis\">C\u00e1c y\u1ebfu t\u1ed1 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn Basis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-92\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Ung_dung_cua_Basis_trong_giao_dich\" title=\"\u1ee8ng d\u1ee5ng c\u1ee7a Basis trong giao d\u1ecbch\">\u1ee8ng d\u1ee5ng c\u1ee7a Basis trong giao d\u1ecbch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-93\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Chien_luoc_giao_dich_Basis\" title=\"Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch Basis\">Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch Basis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-94\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Luu_y_quan_trong_khi_giao_dich_Basis\" title=\"L\u01b0u \u00fd quan tr\u1ecdng khi giao d\u1ecbch Basis\">L\u01b0u \u00fd quan tr\u1ecdng khi giao d\u1ecbch Basis<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-95\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#18_Chenh_lech_gia_Spread\" title=\"18. Ch\u00eanh l\u1ec7ch gi\u00e1 (Spread)\">18. Ch\u00eanh l\u1ec7ch gi\u00e1 (Spread)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-96\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cac_loai_chenh_lech_gia_pho_bien\" title=\"C\u00e1c lo\u1ea1i ch\u00eanh l\u1ec7ch gi\u00e1 ph\u1ed5 bi\u1ebfn\">C\u00e1c lo\u1ea1i ch\u00eanh l\u1ec7ch gi\u00e1 ph\u1ed5 bi\u1ebfn<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-97\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Dac_diem_cua_giao_dich_spread\" title=\"\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a giao d\u1ecbch spread\">\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a giao d\u1ecbch spread<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-98\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Chien_luoc_giao_dich_spread\" title=\"Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch spread\">Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch spread<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-99\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Quan_ly_rui_ro_trong_giao_dich_spread\" title=\"Qu\u1ea3n l\u00fd r\u1ee7i ro trong giao d\u1ecbch spread\">Qu\u1ea3n l\u00fd r\u1ee7i ro trong giao d\u1ecbch spread<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-100\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Cac_yeu_to_anh_huong_den_spread\" title=\"C\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn spread\">C\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn spread<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-101\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#Buoc_Tiep_Theo\" title=\"B\u01b0\u1edbc Ti\u1ebfp Theo\">B\u01b0\u1edbc Ti\u1ebfp Theo<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-102\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#1_Xay_dung_chien_luoc\" title=\"1. X\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c\">1. X\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-103\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#2_Ap_Dung_Kien_Thuc_Vao_Thuc_Te\" title=\"2. \u00c1p D\u1ee5ng Ki\u1ebfn Th\u1ee9c V\u00e0o Th\u1ef1c T\u1ebf\">2. \u00c1p D\u1ee5ng Ki\u1ebfn Th\u1ee9c V\u00e0o Th\u1ef1c T\u1ebf<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-104\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#3_Phat_Trien_Ky_Nang_Giao_Dich\" title=\"3. Ph\u00e1t Tri\u1ec3n K\u1ef9 N\u0103ng Giao D\u1ecbch\">3. Ph\u00e1t Tri\u1ec3n K\u1ef9 N\u0103ng Giao D\u1ecbch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-105\" href=\"https:\/\/infina.vn\/blog\/18-thuat-ngu-co-ban-trong-hop-dong-tuong-lai-tc\/#4_Toi_Uu_Hoa_Quy_Trinh\" title=\"4. T\u1ed1i \u01afu H\u00f3a Quy Tr\u00ecnh\">4. T\u1ed1i \u01afu H\u00f3a Quy Tr\u00ecnh<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Tom_tat_nhanh\"><\/span>T\u00f3m t\u1eaft nhanh:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\"><strong>Thu\u1eadt ng\u1eef<\/strong><\/th>\n<th colspan=\"1\" rowspan=\"1\"><strong>\u00dd ngh\u0129a ch\u00ednh<\/strong><\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai<\/td>\n<td colspan=\"1\" rowspan=\"1\">Th\u1ecfa thu\u1eadn mua\/b\u00e1n t\u00e0i s\u1ea3n trong t\u01b0\u01a1ng lai<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/td>\n<td colspan=\"1\" rowspan=\"1\">N\u1ec1n t\u1ea3ng c\u1ee7a h\u1ee3p \u0111\u1ed3ng (h\u00e0ng h\u00f3a, ch\u1ec9 s\u1ed1&#8230;)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00e1 giao ngay\/k\u1ef3 h\u1ea1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00e1 hi\u1ec7n t\u1ea1i\/gi\u00e1 trong t\u01b0\u01a1ng lai<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">V\u1ecb th\u1ebf mua\/b\u00e1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110\u1eb7t c\u01b0\u1ee3c t\u0103ng\/gi\u1ea3m gi\u00e1 t\u00e0i s\u1ea3n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">K\u00fd qu\u1ef9 &amp; \u0110\u00f2n b\u1ea9y<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ti\u1ec1n \u0111\u1eb7t c\u1ecdc &amp; giao d\u1ecbch v\u01b0\u1ee3t v\u1ed1n th\u1ef1c c\u00f3<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u1ec7nh th\u1ecb tr\u01b0\u1eddng\/gi\u1edbi h\u1ea1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">Giao d\u1ecbch ngay\/l\u1ec7nh ch\u1edd gi\u00e1 c\u1ee5 th\u1ec3<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ng\u00e0y \u0111\u00e1o h\u1ea1n &amp; thanh to\u00e1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">Th\u1eddi \u0111i\u1ec3m v\u00e0 c\u00e1ch th\u1ef1c hi\u1ec7n ngh\u0129a v\u1ee5 h\u1ee3p \u0111\u1ed3ng<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Hi\u1ec3u r\u00f5 c\u00e1c thu\u1eadt ng\u1eef tr\u00ean s\u1ebd gi\u00fap b\u1ea1n qu\u1ea3n l\u00fd r\u1ee7i ro v\u00e0 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn khi giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.<\/p>\n<div class=\"sb-iframe-wrapper\" contenteditable=\"false\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Hop_dong_tuong_lai_Futures_Contract\"><\/span>1. H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai (Futures Contract)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai l\u00e0 m\u1ed9t th\u1ecfa thu\u1eadn gi\u1eefa hai b\u00ean \u0111\u1ec3 mua ho\u1eb7c b\u00e1n m\u1ed9t t\u00e0i s\u1ea3n \u1edf m\u1ee9c gi\u00e1 \u0111\u00e3 x\u00e1c \u0111\u1ecbnh, t\u1ea1i m\u1ed9t th\u1eddi \u0111i\u1ec3m c\u1ee5 th\u1ec3 trong t\u01b0\u01a1ng lai. \u0110\u00e2y l\u00e0 m\u1ed9t d\u1ea1ng c\u00f4ng c\u1ee5 ph\u00e1i sinh \u0111\u01b0\u1ee3c chu\u1ea9n h\u00f3a v\u00e0 giao d\u1ecbch th\u00f4ng qua s\u00e0n giao d\u1ecbch.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Nhung_dac_diem_chinh_cua_hop_dong_tuong_lai\"><\/span>Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m ch\u00ednh c\u1ee7a h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Chu\u1ea9n h\u00f3a<\/strong>: C\u00e1c y\u1ebfu t\u1ed1 nh\u01b0 k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng, ng\u00e0y \u0111\u00e1o h\u1ea1n, v\u00e0 ph\u01b0\u01a1ng th\u1ee9c giao nh\u1eadn \u0111\u1ec1u \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh r\u00f5 r\u00e0ng.<\/li>\n<li><strong>Thanh to\u00e1n h\u00e0ng ng\u00e0y<\/strong>: L\u00e3i v\u00e0 l\u1ed7 \u0111\u01b0\u1ee3c t\u00ednh to\u00e1n v\u00e0 thanh to\u00e1n v\u00e0o cu\u1ed1i m\u1ed7i phi\u00ean giao d\u1ecbch.<\/li>\n<li><strong>Giao d\u1ecbch qua s\u00e0n<\/strong>: S\u00e0n giao d\u1ecbch \u0111\u00f3ng vai tr\u00f2 trung gian, \u0111\u1ea3m b\u1ea3o t\u00ednh an to\u00e0n v\u00e0 minh b\u1ea1ch cho c\u00e1c b\u00ean tham gia.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Vi_du_minh_hoa\"><\/span>V\u00ed d\u1ee5 minh h\u1ecda:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>N\u1ebfu b\u1ea1n giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai VN30F1M v\u1edbi c\u00f4ng th\u1ee9c VN30 \u00d7 100.000 VN\u0110, v\u00e0 ch\u1ec9 s\u1ed1 VN30 hi\u1ec7n l\u00e0 1.000 \u0111i\u1ec3m, gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng s\u1ebd \u0111\u01b0\u1ee3c t\u00ednh nh\u01b0 sau:<\/p>\n<pre><code><span class=\"hljs-number\">1.000<\/span> \u00d7 <span class=\"hljs-number\">100.000<\/span> = <span class=\"hljs-number\">100.000<\/span><span class=\"hljs-number\">.000<\/span> <span class=\"hljs-variable constant_\">VN<\/span>\u0110<\/code><\/pre>\n<h3><span class=\"ez-toc-section\" id=\"Loi_ich_khi_su_dung_hop_dong_tuong_lai\"><\/span>L\u1ee3i \u00edch khi s\u1eed d\u1ee5ng h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai mang l\u1ea1i nhi\u1ec1u l\u1ee3i \u00edch cho nh\u00e0 \u0111\u1ea7u t\u01b0, bao g\u1ed3m:<\/p>\n<ul>\n<li><strong>Ph\u00f2ng ng\u1eeba r\u1ee7i ro<\/strong>: Gi\u00fap gi\u1ea3m thi\u1ec3u \u1ea3nh h\u01b0\u1edfng t\u1eeb bi\u1ebfn \u0111\u1ed9ng gi\u00e1 tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/li>\n<li><strong>C\u01a1 h\u1ed9i \u0111\u1ea7u c\u01a1<\/strong>: T\u1eadn d\u1ee5ng s\u1ef1 ch\u00eanh l\u1ec7ch gi\u00e1 \u0111\u1ec3 thu l\u1ee3i nhu\u1eadn.<\/li>\n<li><strong>\u0110\u00f2n b\u1ea9y t\u00e0i ch\u00ednh<\/strong>: Cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 giao d\u1ecbch v\u1edbi gi\u00e1 tr\u1ecb l\u1edbn h\u01a1n s\u1ed1 v\u1ed1n ban \u0111\u1ea7u.<\/li>\n<\/ul>\n<p>Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m v\u00e0 l\u1ee3i \u00edch n\u00e0y t\u1ea1o n\u1ec1n t\u1ea3ng quan tr\u1ecdng cho vi\u1ec7c hi\u1ec3u v\u00e0 \u00e1p d\u1ee5ng c\u00e1c kh\u00e1i ni\u1ec7m kh\u00e1c trong giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Tai_san_co_so_Underlying_Asset\"><\/span>2. T\u00e0i s\u1ea3n c\u01a1 s\u1edf (Underlying Asset)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>T\u00e0i s\u1ea3n c\u01a1 s\u1edf l\u00e0 c\u00e1c lo\u1ea1i h\u00e0ng h\u00f3a, ch\u1ee9ng kho\u00e1n, ch\u1ec9 s\u1ed1, ti\u1ec1n t\u1ec7 ho\u1eb7c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh \u0111\u01b0\u1ee3c d\u00f9ng l\u00e0m n\u1ec1n t\u1ea3ng cho h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cac_loai_tai_san_co_so_pho_bien\"><\/span>C\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n c\u01a1 s\u1edf ph\u1ed5 bi\u1ebfn<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>M\u1ed9t s\u1ed1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf th\u01b0\u1eddng g\u1eb7p bao g\u1ed3m:<\/p>\n<ul>\n<li><strong>H\u00e0ng h\u00f3a<\/strong>: D\u1ea7u th\u00f4, v\u00e0ng, n\u00f4ng s\u1ea3n.<\/li>\n<li><strong>Ch\u1ee9ng kho\u00e1n<\/strong>: C\u1ed5 phi\u1ebfu, tr\u00e1i phi\u1ebfu.<\/li>\n<li><strong>Ch\u1ec9 s\u1ed1<\/strong>: VN30, VN-Index.<\/li>\n<li><strong>Ti\u1ec1n t\u1ec7<\/strong>: USD\/VND, EUR\/USD.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_tai_san_co_so\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>D\u1ec5 giao d\u1ecbch<\/strong>: Th\u1ecb tr\u01b0\u1eddng c\u00f3 t\u00ednh thanh kho\u1ea3n cao, gi\u00fap vi\u1ec7c mua b\u00e1n di\u1ec5n ra thu\u1eadn l\u1ee3i.<\/li>\n<li><strong>Gi\u00e1 c\u00f4ng khai<\/strong>: Gi\u00e1 c\u1ea3 \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh r\u00f5 r\u00e0ng v\u00e0 c\u00f4ng b\u1ed1 minh b\u1ea1ch.<\/li>\n<li><strong>Tu\u00e2n th\u1ee7 ti\u00eau chu\u1ea9n<\/strong>: C\u00e1c t\u00e0i s\u1ea3n n\u00e0y ph\u1ea3i \u0111\u00e1p \u1ee9ng c\u00e1c quy \u0111\u1ecbnh v\u1ec1 ch\u1ea5t l\u01b0\u1ee3ng v\u00e0 quy c\u00e1ch.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Vi_du_ve_tai_san_co_so_tai_Viet_Nam\"><\/span>V\u00ed d\u1ee5 v\u1ec1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf t\u1ea1i Vi\u1ec7t Nam<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Tr\u00ean th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam, ch\u1ec9 s\u1ed1 VN30 l\u00e0 m\u1ed9t trong nh\u1eefng t\u00e0i s\u1ea3n c\u01a1 s\u1edf \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng ph\u1ed5 bi\u1ebfn nh\u1ea5t cho h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai. Gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng \u0111\u01b0\u1ee3c t\u00ednh d\u1ef1a tr\u00ean \u0111i\u1ec3m s\u1ed1, v\u1edbi m\u1ed7i \u0111i\u1ec3m t\u01b0\u01a1ng \u1ee9ng 100.000 VN\u0110. Do \u0111\u00f3, gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng th\u01b0\u1eddng dao \u0111\u1ed9ng t\u1eeb 80.000.000 \u0111\u1ebfn 120.000.000 VN\u0110, t\u00f9y thu\u1ed9c v\u00e0o \u0111i\u1ec3m s\u1ed1.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Vai_tro_cua_tai_san_co_so\"><\/span>Vai tr\u00f2 c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Quy\u1ebft \u0111\u1ecbnh gi\u00e1 tr\u1ecb<\/strong>: Gi\u00e1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai thay \u0111\u1ed5i tr\u1ef1c ti\u1ebfp theo bi\u1ebfn \u0111\u1ed9ng gi\u00e1 c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf.<\/li>\n<li><strong>C\u0103n c\u1ee9 \u0111\u1ecbnh gi\u00e1<\/strong>: L\u00e0 c\u01a1 s\u1edf \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh m\u1ee9c gi\u00e1 h\u1ee3p l\u00fd cho h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.<\/li>\n<li><strong>Thanh to\u00e1n khi \u0111\u00e1o h\u1ea1n<\/strong>: L\u00e0 y\u1ebfu t\u1ed1 ch\u00ednh \u0111\u1ec3 t\u00ednh to\u00e1n gi\u00e1 tr\u1ecb thanh to\u00e1n cu\u1ed1i c\u00f9ng.<\/li>\n<\/ul>\n<p>Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m v\u00e0 vai tr\u00f2 n\u00e0y t\u1ea1o n\u1ec1n t\u1ea3ng quan tr\u1ecdng \u0111\u1ec3 hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 c\u00e1c kh\u00e1i ni\u1ec7m kh\u00e1c trong giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai. H\u00e3y c\u00f9ng t\u00ecm hi\u1ec3u th\u00eam \u1edf c\u00e1c ph\u1ea7n ti\u1ebfp theo.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Gia_giao_ngay_Spot_Price\"><\/span>3. Gi\u00e1 giao ngay (Spot Price)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gi\u00e1 giao ngay th\u1ec3 hi\u1ec7n gi\u00e1 tr\u1ecb hi\u1ec7n t\u1ea1i c\u1ee7a m\u1ed9t t\u00e0i s\u1ea3n t\u1ea1i th\u1eddi \u0111i\u1ec3m giao d\u1ecbch. \u0110\u00e2y l\u00e0 m\u1ee9c gi\u00e1 m\u00e0 ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n \u0111\u1ed3ng \u00fd th\u1ef1c hi\u1ec7n giao d\u1ecbch ngay l\u1eadp t\u1ee9c.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_gia_giao_ngay\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a gi\u00e1 giao ngay<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Ph\u1ea3n \u00e1nh t\u1ee9c th\u00ec<\/strong>: Gi\u00e1 giao ngay th\u1ec3 hi\u1ec7n \u0111\u00fang gi\u00e1 tr\u1ecb th\u1ef1c t\u1ebf c\u1ee7a t\u00e0i s\u1ea3n t\u1ea1i th\u1eddi \u0111i\u1ec3m giao d\u1ecbch, v\u1edbi giao d\u1ecbch \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n ngay.<\/li>\n<li><strong>Bi\u1ebfn \u0111\u1ed9ng li\u00ean t\u1ee5c<\/strong>: Gi\u00e1 thay \u0111\u1ed5i th\u01b0\u1eddng xuy\u00ean d\u1ef1a tr\u00ean cung v\u00e0 c\u1ea7u tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Vai_tro_trong_giao_dich_hop_dong_tuong_lai\"><\/span>Vai tr\u00f2 trong giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Gi\u00e1 giao ngay c\u00f3 vai tr\u00f2 quan tr\u1ecdng trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng li\u00ean quan \u0111\u1ebfn h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai, bao g\u1ed3m:<\/p>\n<ul>\n<li><strong>\u0110\u1ecbnh gi\u00e1 h\u1ee3p \u0111\u1ed3ng<\/strong>: L\u00e0 c\u01a1 s\u1edf \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh m\u1ee9c gi\u00e1 h\u1ee3p l\u00fd cho h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.<\/li>\n<li><strong>Ph\u00e2n t\u00edch th\u1ecb tr\u01b0\u1eddng<\/strong>: Cung c\u1ea5p d\u1eef li\u1ec7u \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 xu h\u01b0\u1edbng v\u00e0 d\u1ef1 \u0111o\u00e1n bi\u1ebfn \u0111\u1ed9ng gi\u00e1.<\/li>\n<li><strong>Qu\u1ea3n l\u00fd r\u1ee7i ro<\/strong>: Gi\u00fap t\u00ednh to\u00e1n kho\u1ea3ng ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 giao ngay v\u00e0 gi\u00e1 k\u1ef3 h\u1ea1n.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Vi_du_ve_gia_giao_ngay\"><\/span>V\u00ed d\u1ee5 v\u1ec1 gi\u00e1 giao ngay<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Trong giao d\u1ecbch v\u00e0ng, n\u1ebfu v\u00e0o l\u00fac 10:00 s\u00e1ng ng\u00e0y 11\/03\/2025, gi\u00e1 v\u00e0ng SJC giao ngay l\u00e0 74,5 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng, th\u00ec \u0111\u00e2y ch\u00ednh l\u00e0 gi\u00e1 giao ngay. Ng\u01b0\u1eddi mua c\u00f3 th\u1ec3 mua v\u00e0ng ngay l\u1eadp t\u1ee9c v\u1edbi m\u1ee9c gi\u00e1 n\u00e0y v\u00e0 nh\u1eadn v\u00e0ng trong c\u00f9ng ng\u00e0y.<\/p>\n<p>Kh\u00e1c v\u1edbi gi\u00e1 giao ngay, gi\u00e1 k\u1ef3 h\u1ea1n th\u01b0\u1eddng b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi c\u00e1c chi ph\u00ed b\u1ed5 sung nh\u01b0 l\u01b0u kho ho\u1eb7c l\u00e3i su\u1ea5t.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Moi_quan_he_voi_gia_ky_han\"><\/span>M\u1ed1i quan h\u1ec7 v\u1edbi gi\u00e1 k\u1ef3 h\u1ea1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Gi\u00e1 giao ngay v\u00e0 gi\u00e1 k\u1ef3 h\u1ea1n th\u01b0\u1eddng c\u00f3 s\u1ef1 ch\u00eanh l\u1ec7ch do c\u00e1c y\u1ebfu t\u1ed1 nh\u01b0 chi ph\u00ed l\u01b0u tr\u1eef, l\u00e3i su\u1ea5t, b\u1ea3o hi\u1ec3m, v\u00e0 t\u00ecnh h\u00ecnh cung c\u1ea7u.<\/p>\n<p>Vi\u1ec7c hi\u1ec3u r\u00f5 gi\u00e1 giao ngay gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm b\u1eaft b\u1ee9c tranh to\u00e0n di\u1ec7n h\u01a1n v\u1ec1 th\u1ecb tr\u01b0\u1eddng, t\u1eeb \u0111\u00f3 \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh giao d\u1ecbch hi\u1ec7u qu\u1ea3.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Gia_ky_han_Forward_Price\"><\/span>4. Gi\u00e1 k\u1ef3 h\u1ea1n (Forward Price)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gi\u00e1 k\u1ef3 h\u1ea1n l\u00e0 m\u1ee9c gi\u00e1 \u0111\u01b0\u1ee3c th\u1ecfa thu\u1eadn tr\u01b0\u1edbc cho vi\u1ec7c mua ho\u1eb7c b\u00e1n m\u1ed9t t\u00e0i s\u1ea3n c\u01a1 s\u1edf t\u1ea1i m\u1ed9t th\u1eddi \u0111i\u1ec3m c\u1ee5 th\u1ec3 trong t\u01b0\u01a1ng lai. \u0110\u00e2y l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng trong giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai, ph\u1ea3n \u00e1nh c\u00e1ch th\u1ecb tr\u01b0\u1eddng d\u1ef1 \u0111o\u00e1n gi\u00e1 s\u1ebd thay \u0111\u1ed5i.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cac_thanh_phan_chinh_cua_gia_ky_han\"><\/span>C\u00e1c th\u00e0nh ph\u1ea7n ch\u00ednh c\u1ee7a gi\u00e1 k\u1ef3 h\u1ea1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Gi\u00e1 k\u1ef3 h\u1ea1n \u0111\u01b0\u1ee3c h\u00ecnh th\u00e0nh t\u1eeb c\u00e1c y\u1ebfu t\u1ed1 sau:<\/p>\n<ul>\n<li><strong>Gi\u00e1 giao ngay<\/strong>: Gi\u00e1 hi\u1ec7n t\u1ea1i c\u1ee7a t\u00e0i s\u1ea3n tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/li>\n<li><strong>Chi ph\u00ed n\u1eafm gi\u1eef<\/strong>: G\u1ed3m chi ph\u00ed l\u01b0u kho, b\u1ea3o qu\u1ea3n t\u00e0i s\u1ea3n.<\/li>\n<li><strong>Chi ph\u00ed c\u01a1 h\u1ed9i<\/strong>: L\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng b\u1ecb b\u1ecf l\u1ee1 t\u1eeb c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 kh\u00e1c c\u00f3 r\u1ee7i ro th\u1ea5p h\u01a1n.<\/li>\n<li><strong>K\u1ef3 v\u1ecdng th\u1ecb tr\u01b0\u1eddng<\/strong>: D\u1ef1 \u0111o\u00e1n v\u1ec1 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 trong t\u01b0\u01a1ng lai.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_can_luu_y\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>\u1ed4n \u0111\u1ecbnh v\u00e0 li\u00ean k\u1ebft<\/strong>: Gi\u00e1 k\u1ef3 h\u1ea1n \u0111\u01b0\u1ee3c c\u1ed1 \u0111\u1ecbnh trong th\u1eddi gian h\u1ee3p \u0111\u1ed3ng v\u00e0 c\u00f3 m\u1ed1i quan h\u1ec7 m\u1eadt thi\u1ebft v\u1edbi gi\u00e1 giao ngay.<\/li>\n<li><strong>Kh\u1ea3 n\u0103ng d\u1ef1 \u0111o\u00e1n<\/strong>: Th\u1ec3 hi\u1ec7n k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 xu h\u01b0\u1edbng gi\u00e1 trong t\u01b0\u01a1ng lai.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cong_thuc_tinh_gia_ky_han\"><\/span>C\u00f4ng th\u1ee9c t\u00ednh gi\u00e1 k\u1ef3 h\u1ea1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ed1i v\u1edbi t\u00e0i s\u1ea3n kh\u00f4ng t\u1ea1o ra thu nh\u1eadp, c\u00f4ng th\u1ee9c t\u00ednh gi\u00e1 k\u1ef3 h\u1ea1n nh\u01b0 sau:<\/p>\n<pre><code><span class=\"hljs-title class_\">Gi<\/span>\u00e1 k\u1ef3 h\u1ea1n = <span class=\"hljs-title class_\">Gi<\/span>\u00e1 giao ngay \u00d7 (<span class=\"hljs-number\">1<\/span> + L\u00e3i su\u1ea5t \u00d7 <span class=\"hljs-title class_\">Th<\/span>\u1eddi gian) + <span class=\"hljs-title class_\">Chi<\/span> ph\u00ed l\u01b0u kho\r\n<br class=\"ProseMirror-trailingBreak\" \/><\/code><\/pre>\n<h3><span class=\"ez-toc-section\" id=\"Vi_du_minh_hoa-2\"><\/span>V\u00ed d\u1ee5 minh h\u1ecda<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Xem x\u00e9t giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai c\u00e0 ph\u00ea robusta tr\u00ean s\u00e0n ICE:<\/p>\n<ul>\n<li>Gi\u00e1 giao ngay: 70.000.000 \u0111\u1ed3ng\/t\u1ea5n<\/li>\n<li>Th\u1eddi h\u1ea1n h\u1ee3p \u0111\u1ed3ng: 3 th\u00e1ng<\/li>\n<li>L\u00e3i su\u1ea5t: 6%\/n\u0103m<\/li>\n<li>Chi ph\u00ed l\u01b0u kho: 2.000.000 \u0111\u1ed3ng\/t\u1ea5n\/qu\u00fd<\/li>\n<\/ul>\n<p>\u00c1p d\u1ee5ng c\u00f4ng th\u1ee9c:<\/p>\n<p>Gi\u00e1 k\u1ef3 h\u1ea1n = 70.000.000 \u00d7 (1 + 0,06 \u00d7 3\/12) + 2.000.000 = 73.050.000 \u0111\u1ed3ng\/t\u1ea5n<\/p>\n<p>V\u00ed d\u1ee5 n\u00e0y minh h\u1ecda c\u00e1ch c\u00e1c y\u1ebfu t\u1ed1 nh\u01b0 l\u00e3i su\u1ea5t v\u00e0 chi ph\u00ed l\u01b0u kho \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 k\u1ef3 h\u1ea1n, gi\u00fap hi\u1ec3u r\u00f5 h\u01a1n c\u00e1ch n\u00f3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng trong th\u1ef1c t\u1ebf.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Loi_ich_trong_giao_dich\"><\/span>L\u1ee3i \u00edch trong giao d\u1ecbch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Vi\u1ec7c s\u1eed d\u1ee5ng gi\u00e1 k\u1ef3 h\u1ea1n mang l\u1ea1i nhi\u1ec1u l\u1ee3i \u00edch cho nh\u00e0 \u0111\u1ea7u t\u01b0, bao g\u1ed3m:<\/p>\n<ul>\n<li><strong>Qu\u1ea3n l\u00fd r\u1ee7i ro<\/strong>: Gi\u00fap c\u1ed1 \u0111\u1ecbnh gi\u00e1 mua ho\u1eb7c b\u00e1n, gi\u1ea3m thi\u1ec3u r\u1ee7i ro t\u1eeb bi\u1ebfn \u0111\u1ed9ng gi\u00e1.<\/li>\n<li><strong>L\u1eadp k\u1ebf ho\u1ea1ch t\u00e0i ch\u00ednh<\/strong>: H\u1ed7 tr\u1ee3 d\u1ef1 b\u00e1o chi ph\u00ed v\u00e0 doanh thu trong t\u01b0\u01a1ng lai.<\/li>\n<li><strong>Ph\u00e2n t\u00edch th\u1ecb tr\u01b0\u1eddng<\/strong>: Cung c\u1ea5p th\u00f4ng tin h\u1eefu \u00edch v\u1ec1 xu h\u01b0\u1edbng gi\u00e1, h\u1ed7 tr\u1ee3 quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"5_Vi_the_mua_Long_Position\"><\/span>5. V\u1ecb th\u1ebf mua (Long Position)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>V\u1ecb th\u1ebf mua l\u00e0 m\u1ed9t ph\u1ea7n quan tr\u1ecdng trong giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai, \u0111\u1eb7c bi\u1ec7t khi b\u1ea1n k\u1ef3 v\u1ecdng gi\u00e1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf s\u1ebd t\u0103ng. Hi\u1ec3u r\u00f5 c\u00e1ch ho\u1ea1t \u0111\u1ed9ng c\u1ee7a v\u1ecb th\u1ebf n\u00e0y gi\u00fap b\u1ea1n t\u1eadn d\u1ee5ng c\u01a1 h\u1ed9i th\u1ecb tr\u01b0\u1eddng m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_vi_the_mua\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a v\u1ecb th\u1ebf mua<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Khi n\u1eafm gi\u1eef v\u1ecb th\u1ebf mua, b\u1ea1n c\u1ea7n ch\u00fa \u00fd c\u00e1c \u0111i\u1ec3m sau:<\/p>\n<ul>\n<li><strong>L\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng<\/strong>: Kh\u00f4ng c\u00f3 gi\u1edbi h\u1ea1n, ph\u1ee5 thu\u1ed9c v\u00e0o m\u1ee9c t\u0103ng gi\u00e1 c\u1ee7a t\u00e0i s\u1ea3n.<\/li>\n<li><strong>T\u1ed5n th\u1ea5t t\u1ed1i \u0111a<\/strong>: Gi\u1edbi h\u1ea1n \u1edf m\u1ee9c gi\u00e1 mua ban \u0111\u1ea7u.<\/li>\n<li><strong>\u0110i\u1ec3m h\u00f2a v\u1ed1n<\/strong>: \u0110\u01b0\u1ee3c t\u00ednh b\u1eb1ng <em>Gi\u00e1 mua + Chi ph\u00ed giao d\u1ecbch<\/em>.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cong_thuc_tinh_loi_nhuan\"><\/span>C\u00f4ng th\u1ee9c t\u00ednh l\u1ee3i nhu\u1eadn<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 bi\u1ebft l\u1ee3i nhu\u1eadn t\u1eeb v\u1ecb th\u1ebf mua, \u00e1p d\u1ee5ng c\u00f4ng th\u1ee9c:<\/p>\n<pre><code>L\u1ee3i nhu\u1eadn = (<span class=\"hljs-title class_\">Gi<\/span>\u00e1 b\u00e1n - <span class=\"hljs-title class_\">Gi<\/span>\u00e1 mua) \u00d7 K\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng - <span class=\"hljs-title class_\">Chi<\/span> ph\u00ed giao d\u1ecbch\r\n<br class=\"ProseMirror-trailingBreak\" \/><\/code><\/pre>\n<p>Sau khi t\u00ednh to\u00e1n l\u1ee3i nhu\u1eadn, vi\u1ec7c qu\u1ea3n l\u00fd r\u1ee7i ro l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng \u0111\u1ec3 b\u1ea3o v\u1ec7 kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Quan_ly_rui_ro\"><\/span>Qu\u1ea3n l\u00fd r\u1ee7i ro<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>M\u1ed9t s\u1ed1 c\u00e1ch \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro khi giao d\u1ecbch:<\/p>\n<ul>\n<li><strong>\u0110\u1eb7t l\u1ec7nh d\u1eebng l\u1ed7<\/strong>: Gi\u00fap h\u1ea1n ch\u1ebf m\u1ee9c thua l\u1ed7.<\/li>\n<li><strong>Theo d\u00f5i th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng xuy\u00ean<\/strong>: \u0110\u1ec3 k\u1ecbp th\u1eddi \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c.<\/li>\n<li><strong>Duy tr\u00ec \u0111\u1ee7 k\u00fd qu\u1ef9<\/strong>: Tr\u00e1nh b\u1ecb thanh l\u00fd h\u1ee3p \u0111\u1ed3ng khi th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Khi_nao_nen_su_dung_vi_the_mua\"><\/span>Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng v\u1ecb th\u1ebf mua?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>V\u1ecb th\u1ebf mua th\u01b0\u1eddng \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng trong c\u00e1c tr\u01b0\u1eddng h\u1ee3p sau:<\/p>\n<ul>\n<li>B\u1ea1n d\u1ef1 \u0111o\u00e1n gi\u00e1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf s\u1ebd t\u0103ng trong t\u01b0\u01a1ng lai.<\/li>\n<li>Mu\u1ed1n ph\u00f2ng ng\u1eeba r\u1ee7i ro cho c\u00e1c v\u1ecb th\u1ebf b\u00e1n hi\u1ec7n c\u00f3.<\/li>\n<li>\u0110\u1ea7u c\u01a1 \u0111\u1ec3 ki\u1ebfm l\u1ee3i nhu\u1eadn nhanh t\u1eeb bi\u1ebfn \u0111\u1ed9ng gi\u00e1.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Uu_va_nhuoc_diem\"><\/span>\u01afu v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\"><strong>\u01afu \u0111i\u1ec3m<\/strong><\/th>\n<th colspan=\"1\" rowspan=\"1\"><strong>Nh\u01b0\u1ee3c \u0111i\u1ec3m<\/strong><\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Kh\u00f4ng gi\u1edbi h\u1ea1n l\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ph\u1ea3i tr\u1ea3 ph\u00ed giao d\u1ecbch v\u00e0 k\u00fd qu\u1ef9<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">R\u1ee7i ro l\u1ed7 \u0111\u01b0\u1ee3c gi\u1edbi h\u1ea1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u00c1p l\u1ef1c do y\u00eau c\u1ea7u k\u00fd qu\u1ef9 cao<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">C\u00f3 th\u1ec3 s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y<\/td>\n<td colspan=\"1\" rowspan=\"1\">Thanh kho\u1ea3n th\u1ea5p khi th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>V\u1ecb th\u1ebf mua mang \u0111\u1ebfn c\u01a1 h\u1ed9i l\u1edbn nh\u01b0ng c\u0169ng \u0111i k\u00e8m th\u00e1ch th\u1ee9c. Vi\u1ec7c n\u1eafm r\u00f5 c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m v\u00e0 qu\u1ea3n l\u00fd r\u1ee7i ro s\u1ebd gi\u00fap b\u1ea1n t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"6_Vi_the_ban_Short_Position\"><\/span>6. V\u1ecb th\u1ebf b\u00e1n (Short Position)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>V\u1ecb th\u1ebf b\u00e1n l\u00e0 c\u00e1ch nh\u00e0 \u0111\u1ea7u t\u01b0 b\u00e1n h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai tr\u01b0\u1edbc \u0111\u1ec3 t\u1eadn d\u1ee5ng d\u1ef1 \u0111o\u00e1n gi\u00e1 t\u00e0i s\u1ea3n s\u1ebd gi\u1ea3m, tr\u00e1i ng\u01b0\u1ee3c v\u1edbi v\u1ecb th\u1ebf mua. Sau khi \u0111\u00e3 hi\u1ec3u v\u1ec1 v\u1ecb th\u1ebf mua, \u0111\u00e2y l\u00e0 l\u00fac \u0111\u1ec3 t\u00ecm hi\u1ec3u c\u00e1ch s\u1eed d\u1ee5ng v\u1ecb th\u1ebf b\u00e1n khi th\u1ecb tr\u01b0\u1eddng \u0111i xu\u1ed1ng.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_vi_the_ban\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a v\u1ecb th\u1ebf b\u00e1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Khi tham gia v\u1ecb th\u1ebf b\u00e1n, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ch\u00fa \u00fd:<\/p>\n<ul>\n<li><strong>L\u1ee3i nhu\u1eadn t\u1ed1i \u0111a<\/strong>: B\u1eb1ng v\u1edbi gi\u00e1 b\u00e1n (v\u00ec gi\u00e1 t\u00e0i s\u1ea3n kh\u00f4ng th\u1ec3 \u00e2m).<\/li>\n<li><strong>R\u1ee7i ro ti\u1ec1m \u1ea9n<\/strong>: Kh\u00f4ng c\u00f3 gi\u1edbi h\u1ea1n, v\u00ec gi\u00e1 t\u00e0i s\u1ea3n c\u00f3 th\u1ec3 t\u0103ng kh\u00f4ng ng\u1eebng.<\/li>\n<li><strong>\u0110i\u1ec3m h\u00f2a v\u1ed1n<\/strong>: T\u00ednh b\u1eb1ng gi\u00e1 b\u00e1n tr\u1eeb \u0111i chi ph\u00ed giao d\u1ecbch.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cong_thuc_tinh_loi_nhuan-2\"><\/span>C\u00f4ng th\u1ee9c t\u00ednh l\u1ee3i nhu\u1eadn<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<pre><code>L\u1ee3i nhu\u1eadn = (<span class=\"hljs-title class_\">Gi<\/span>\u00e1 b\u00e1n - <span class=\"hljs-title class_\">Gi<\/span>\u00e1 mua l\u1ea1i) \u00d7 K\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng - <span class=\"hljs-title class_\">Chi<\/span> ph\u00ed giao d\u1ecbch\r\n<br class=\"ProseMirror-trailingBreak\" \/><\/code><\/pre>\n<h3><span class=\"ez-toc-section\" id=\"Quan_ly_rui_ro_cho_vi_the_ban\"><\/span>Qu\u1ea3n l\u00fd r\u1ee7i ro cho v\u1ecb th\u1ebf b\u00e1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Do r\u1ee7i ro c\u1ee7a v\u1ecb th\u1ebf b\u00e1n c\u00f3 th\u1ec3 r\u1ea5t l\u1edbn, b\u1ea1n n\u00ean:<\/p>\n<ul>\n<li><strong>\u0110\u1eb7t l\u1ec7nh ch\u1ed1t l\u1eddi<\/strong> \u0111\u1ec3 b\u1ea3o v\u1ec7 l\u1ee3i nhu\u1eadn.<\/li>\n<li><strong>Thi\u1ebft l\u1eadp c\u1ea3nh b\u00e1o gi\u00e1<\/strong> \u0111\u1ec3 theo d\u00f5i bi\u1ebfn \u0111\u1ed9ng k\u1ecbp th\u1eddi.<\/li>\n<li><strong>Duy tr\u00ec m\u1ee9c k\u00fd qu\u1ef9 an to\u00e0n<\/strong> \u0111\u1ec3 tr\u00e1nh b\u1ecb g\u1ecdi k\u00fd qu\u1ef9.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Tinh_huong_phu_hop\"><\/span>T\u00ecnh hu\u1ed1ng ph\u00f9 h\u1ee3p<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">T\u00ecnh hu\u1ed1ng<\/th>\n<th colspan=\"1\" rowspan=\"1\">M\u1ee5c \u0111\u00edch<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Th\u1ecb tr\u01b0\u1eddng gi\u1ea3m \u0111i\u1ec3m<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u1eadn d\u1ee5ng xu h\u01b0\u1edbng gi\u1ea3m \u0111\u1ec3 ki\u1ebfm l\u1ee3i nhu\u1eadn<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ph\u00f2ng ng\u1eeba r\u1ee7i ro<\/td>\n<td colspan=\"1\" rowspan=\"1\">B\u1ea3o v\u1ec7 gi\u00e1 tr\u1ecb danh m\u1ee5c \u0111\u1ea7u t\u01b0 hi\u1ec7n t\u1ea1i<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ch\u00eanh l\u1ec7ch gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">Khai th\u00e1c s\u1ef1 kh\u00e1c bi\u1ec7t gi\u00e1 gi\u1eefa c\u00e1c th\u1ecb tr\u01b0\u1eddng<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Uu_va_nhuoc_diem-2\"><\/span>\u01afu v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">\u01afu \u0111i\u1ec3m<\/th>\n<th colspan=\"1\" rowspan=\"1\">Nh\u01b0\u1ee3c \u0111i\u1ec3m<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Sinh l\u1eddi ngay c\u1ea3 khi th\u1ecb tr\u01b0\u1eddng gi\u1ea3m<\/td>\n<td colspan=\"1\" rowspan=\"1\">R\u1ee7i ro cao do gi\u00e1 c\u00f3 th\u1ec3 t\u0103ng kh\u00f4ng gi\u1edbi h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ph\u00ed giao d\u1ecbch th\u01b0\u1eddng th\u1ea5p h\u01a1n giao d\u1ecbch c\u1ed5 phi\u1ebfu<\/td>\n<td colspan=\"1\" rowspan=\"1\">Y\u00eau c\u1ea7u k\u00fd qu\u1ef9 cao h\u01a1n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Thanh kho\u1ea3n cao tr\u00ean c\u00e1c s\u00e0n l\u1edbn<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u00c1p l\u1ef1c t\u00e2m l\u00fd l\u1edbn khi giao d\u1ecbch<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Chien_luoc_giao_dich\"><\/span>Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 giao d\u1ecbch hi\u1ec7u qu\u1ea3, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n:<\/p>\n<ul>\n<li><strong>S\u1eed d\u1ee5ng ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt<\/strong> \u0111\u1ec3 nh\u1eadn di\u1ec7n xu h\u01b0\u1edbng gi\u1ea3m r\u00f5 r\u00e0ng.<\/li>\n<li><strong>Theo d\u00f5i tin t\u1ee9c v\u00e0 y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1<\/strong> \u0111\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh ch\u00ednh x\u00e1c.<\/li>\n<li><strong>Ki\u1ec3m so\u00e1t c\u1ea3m x\u00fac<\/strong> \u0111\u1ec3 tr\u00e1nh \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh thi\u1ebfu c\u00e2n nh\u1eafc.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"7_Lenh_thi_truong_Market_Order\"><\/span>7. L\u1ec7nh th\u1ecb tr\u01b0\u1eddng (Market Order)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>L\u1ec7nh th\u1ecb tr\u01b0\u1eddng l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 gi\u00fap b\u1ea1n th\u1ef1c hi\u1ec7n giao d\u1ecbch ngay l\u1eadp t\u1ee9c v\u1edbi m\u1ee9c gi\u00e1 t\u1ed1t nh\u1ea5t hi\u1ec7n c\u00f3. \u0110\u00e2y l\u00e0 lo\u1ea1i l\u1ec7nh \u0111\u01a1n gi\u1ea3n v\u00e0 th\u01b0\u1eddng \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng khi b\u1ea1n mu\u1ed1n giao d\u1ecbch nhanh m\u00e0 kh\u00f4ng c\u1ea7n ch\u1edd \u0111\u1ee3i.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_lenh_thi_truong\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a l\u1ec7nh th\u1ecb tr\u01b0\u1eddng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>T\u1ed1c \u0111\u1ed9 kh\u1edbp l\u1ec7nh<\/strong>: G\u1ea7n nh\u01b0 t\u1ee9c th\u00ec.<\/li>\n<li><strong>M\u1ee9c gi\u00e1<\/strong>: Th\u1ef1c hi\u1ec7n theo gi\u00e1 t\u1ed1t nh\u1ea5t hi\u1ec7n t\u1ea1i.<\/li>\n<li><strong>\u01afu ti\u00ean<\/strong>: \u0110\u01b0\u1ee3c \u01b0u ti\u00ean cao h\u01a1n so v\u1edbi l\u1ec7nh gi\u1edbi h\u1ea1n.<\/li>\n<li><strong>\u0110\u1ed9 ch\u1eafc ch\u1eafn<\/strong>: \u0110\u1ea3m b\u1ea3o kh\u1edbp l\u1ec7nh 100% n\u1ebfu th\u1ecb tr\u01b0\u1eddng c\u00f3 \u0111\u1ee7 thanh kho\u1ea3n.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"So_sanh_lenh_thi_truong_voi_cac_loai_lenh_khac\"><\/span>So s\u00e1nh l\u1ec7nh th\u1ecb tr\u01b0\u1eddng v\u1edbi c\u00e1c lo\u1ea1i l\u1ec7nh kh\u00e1c<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Ti\u00eau ch\u00ed<\/th>\n<th colspan=\"1\" rowspan=\"1\">L\u1ec7nh th\u1ecb tr\u01b0\u1eddng<\/th>\n<th colspan=\"1\" rowspan=\"1\">L\u1ec7nh gi\u1edbi h\u1ea1n<\/th>\n<th colspan=\"1\" rowspan=\"1\">L\u1ec7nh \u0111i\u1ec1u ki\u1ec7n<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u1ed1c \u0111\u1ed9 kh\u1edbp l\u1ec7nh<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u1ee9c th\u00ec<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ch\u1edd \u0111\u1ea1t gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ch\u1edd \u0111i\u1ec1u ki\u1ec7n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ki\u1ec3m so\u00e1t gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">Kh\u00f4ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u00f3<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u00f3<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">R\u1ee7i ro tr\u01b0\u1ee3t gi\u00e1<\/td>\n<td colspan=\"1\" rowspan=\"1\">Cao<\/td>\n<td colspan=\"1\" rowspan=\"1\">Th\u1ea5p<\/td>\n<td colspan=\"1\" rowspan=\"1\">Trung b\u00ecnh<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ph\u00f9 h\u1ee3p khi<\/td>\n<td colspan=\"1\" rowspan=\"1\">Giao d\u1ecbch nhanh<\/td>\n<td colspan=\"1\" rowspan=\"1\">Mu\u1ed1n gi\u00e1 t\u1ed1t<\/td>\n<td colspan=\"1\" rowspan=\"1\">Theo chi\u1ebfn l\u01b0\u1ee3c<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>B\u1ea3ng tr\u00ean gi\u00fap b\u1ea1n d\u1ec5 d\u00e0ng nh\u1eadn bi\u1ebft \u0111i\u1ec3m m\u1ea1nh v\u00e0 h\u1ea1n ch\u1ebf c\u1ee7a l\u1ec7nh th\u1ecb tr\u01b0\u1eddng so v\u1edbi c\u00e1c lo\u1ea1i l\u1ec7nh kh\u00e1c.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Khi_nao_nen_dung_lenh_thi_truong\"><\/span>Khi n\u00e0o n\u00ean d\u00f9ng l\u1ec7nh th\u1ecb tr\u01b0\u1eddng?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li><strong>Th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh<\/strong><br \/>\nKhi gi\u00e1 bi\u1ebfn \u0111\u1ed9ng nhanh, l\u1ec7nh n\u00e0y gi\u00fap b\u1ea1n tho\u00e1t l\u1ec7nh m\u00e0 kh\u00f4ng c\u1ea7n ch\u1edd m\u1ed9t m\u1ee9c gi\u00e1 c\u1ee5 th\u1ec3.<\/li>\n<li><strong>Thanh kho\u1ea3n cao<\/strong><br \/>\nL\u1ec7nh th\u1ecb tr\u01b0\u1eddng ph\u00f9 h\u1ee3p khi ch\u00eanh l\u1ec7ch gi\u00e1 mua-b\u00e1n th\u1ea5p v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch l\u1edbn.<\/li>\n<li><strong>Giao d\u1ecbch kh\u1ea9n c\u1ea5p<\/strong><br \/>\nTh\u00edch h\u1ee3p trong c\u00e1c t\u00ecnh hu\u1ed1ng c\u1ea7n c\u1eaft l\u1ed7 ho\u1eb7c ch\u1ed1t l\u1eddi ngay l\u1eadp t\u1ee9c.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Luu_y_khi_su_dung_lenh_thi_truong\"><\/span>L\u01b0u \u00fd khi s\u1eed d\u1ee5ng l\u1ec7nh th\u1ecb tr\u01b0\u1eddng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Ki\u1ec3m tra thanh kho\u1ea3n tr\u01b0\u1edbc khi \u0111\u1eb7t l\u1ec7nh.<\/li>\n<li>Theo d\u00f5i ch\u00eanh l\u1ec7ch gi\u00e1 mua-b\u00e1n \u0111\u1ec3 tr\u00e1nh r\u1ee7i ro tr\u01b0\u1ee3t gi\u00e1 l\u1edbn.<\/li>\n<li>\u0110i\u1ec1u ch\u1ec9nh kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch ph\u00f9 h\u1ee3p v\u1edbi thanh kho\u1ea3n.<\/li>\n<li>H\u1ea1n ch\u1ebf s\u1eed d\u1ee5ng l\u1ec7nh n\u00e0y v\u00e0o th\u1eddi \u0111i\u1ec3m m\u1edf ho\u1eb7c \u0111\u00f3ng c\u1eeda th\u1ecb tr\u01b0\u1eddng.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Meo_su_dung_lenh_thi_truong_hieu_qua\"><\/span>M\u1eb9o s\u1eed d\u1ee5ng l\u1ec7nh th\u1ecb tr\u01b0\u1eddng hi\u1ec7u qu\u1ea3<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>K\u1ebft h\u1ee3p v\u1edbi c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt \u0111\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh s\u00e1ng su\u1ed1t.<\/li>\n<li>Ch\u1ec9 \u0111\u1eb7t l\u1ec7nh v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng ph\u00f9 h\u1ee3p v\u1edbi t\u00e0i kho\u1ea3n c\u1ee7a b\u1ea1n.<\/li>\n<li>\u01afu ti\u00ean giao d\u1ecbch trong gi\u1edd th\u1ecb tr\u01b0\u1eddng ch\u00ednh \u0111\u1ec3 gi\u1ea3m r\u1ee7i ro.<\/li>\n<li>Quan s\u00e1t k\u1ef9 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n l\u1ec7nh.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"8_Lenh_gioi_han_Limit_Order\"><\/span>8. L\u1ec7nh gi\u1edbi h\u1ea1n (Limit Order)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>L\u1ec7nh gi\u1edbi h\u1ea1n mang l\u1ea1i cho nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u1ea3 n\u0103ng ki\u1ec3m so\u00e1t gi\u00e1 giao d\u1ecbch t\u1ed1t h\u01a1n so v\u1edbi l\u1ec7nh th\u1ecb tr\u01b0\u1eddng. \u0110\u00e2y l\u00e0 lo\u1ea1i l\u1ec7nh cho ph\u00e9p b\u1ea1n \u0111\u1eb7t m\u1ed9t m\u1ee9c gi\u00e1 c\u1ee5 th\u1ec3 \u0111\u1ec3 mua ho\u1eb7c b\u00e1n h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai. L\u1ec7nh ch\u1ec9 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n khi gi\u00e1 th\u1ecb tr\u01b0\u1eddng \u0111\u1ea1t ho\u1eb7c v\u01b0\u1ee3t qua m\u1ee9c gi\u00e1 m\u00e0 b\u1ea1n \u0111\u00e3 \u0111\u1eb7t. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 nh\u1eefng \u0111i\u1ec3m c\u1ea7n bi\u1ebft v\u1ec1 l\u1ec7nh gi\u1edbi h\u1ea1n, bao g\u1ed3m \u0111\u1eb7c \u0111i\u1ec3m, lo\u1ea1i h\u00ecnh v\u00e0 c\u00e1ch s\u1eed d\u1ee5ng.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_lenh_gioi_han\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a l\u1ec7nh gi\u1edbi h\u1ea1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Ki\u1ec3m so\u00e1t gi\u00e1<\/strong>: B\u1ea1n c\u00f3 th\u1ec3 t\u1ef1 \u0111\u1eb7t m\u1ee9c gi\u00e1 giao d\u1ecbch mong mu\u1ed1n.<\/li>\n<li><strong>Th\u1eddi gian kh\u1edbp l\u1ec7nh<\/strong>: C\u00f3 th\u1ec3 ph\u1ea3i ch\u1edd \u0111\u1ee3i \u0111\u1ebfn khi gi\u00e1 \u0111\u1ea1t m\u1ee9c b\u1ea1n \u0111\u1eb7t.<\/li>\n<li><strong>R\u1ee7i ro tr\u01b0\u1ee3t gi\u00e1 th\u1ea5p<\/strong>: So v\u1edbi l\u1ec7nh th\u1ecb tr\u01b0\u1eddng, r\u1ee7i ro tr\u01b0\u1ee3t gi\u00e1 g\u1ea7n nh\u01b0 kh\u00f4ng \u0111\u00e1ng k\u1ec3.<\/li>\n<li><strong>Kh\u1ea3 n\u0103ng kh\u00f4ng kh\u1edbp l\u1ec7nh<\/strong>: N\u1ebfu gi\u00e1 th\u1ecb tr\u01b0\u1eddng kh\u00f4ng \u0111\u1ea1t m\u1ee9c \u0111\u1eb7t, l\u1ec7nh s\u1ebd kh\u00f4ng \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Hai_loai_lenh_gioi_han_chinh\"><\/span>Hai lo\u1ea1i l\u1ec7nh gi\u1edbi h\u1ea1n ch\u00ednh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>1. <strong>L\u1ec7nh gi\u1edbi h\u1ea1n mua<\/strong><\/p>\n<p>L\u1ec7nh n\u00e0y \u0111\u01b0\u1ee3c \u0111\u1eb7t \u1edf m\u1ee9c gi\u00e1 th\u1ea5p h\u01a1n ho\u1eb7c b\u1eb1ng gi\u00e1 th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i. V\u00ed d\u1ee5: N\u1ebfu gi\u00e1 th\u1ecb tr\u01b0\u1eddng \u0111ang l\u00e0 1.000, b\u1ea1n c\u00f3 th\u1ec3 \u0111\u1eb7t l\u1ec7nh mua \u1edf m\u1ee9c 990 v\u00e0 ch\u1edd gi\u00e1 gi\u1ea3m xu\u1ed1ng \u0111\u1ec3 kh\u1edbp l\u1ec7nh.<\/p>\n<p>2. <strong>L\u1ec7nh gi\u1edbi h\u1ea1n b\u00e1n<\/strong><\/p>\n<p>L\u1ec7nh n\u00e0y \u0111\u01b0\u1ee3c \u0111\u1eb7t \u1edf m\u1ee9c gi\u00e1 cao h\u01a1n ho\u1eb7c b\u1eb1ng gi\u00e1 th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i. V\u00ed d\u1ee5: N\u1ebfu gi\u00e1 th\u1ecb tr\u01b0\u1eddng \u0111ang l\u00e0 1.000, b\u1ea1n c\u00f3 th\u1ec3 \u0111\u1eb7t l\u1ec7nh b\u00e1n \u1edf m\u1ee9c 1.010 v\u00e0 ch\u1edd gi\u00e1 t\u0103ng l\u00ean \u0111\u1ec3 kh\u1edbp l\u1ec7nh.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"So_sanh_hieu_qua_su_dung\"><\/span>So s\u00e1nh hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Ti\u00eau ch\u00ed<\/th>\n<th colspan=\"1\" rowspan=\"1\">Th\u1ecb tr\u01b0\u1eddng \u1ed5n \u0111\u1ecbnh<\/th>\n<th colspan=\"1\" rowspan=\"1\">Th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Kh\u1ea3 n\u0103ng kh\u1edbp l\u1ec7nh<\/td>\n<td colspan=\"1\" rowspan=\"1\">Cao<\/td>\n<td colspan=\"1\" rowspan=\"1\">Th\u1ea5p<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Ki\u1ec3m so\u00e1t chi ph\u00ed<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u1ed1t<\/td>\n<td colspan=\"1\" rowspan=\"1\">Kh\u00f3 kh\u0103n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Th\u1eddi gian ch\u1edd<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ng\u1eafn<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u00f3 th\u1ec3 k\u00e9o d\u00e0i<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">M\u1ee9c \u0111\u1ed9 ph\u00f9 h\u1ee3p<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ph\u00f9 h\u1ee3p<\/td>\n<td colspan=\"1\" rowspan=\"1\">H\u1ea1n ch\u1ebf<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Khi_nao_nen_su_dung_lenh_gioi_han\"><\/span>Khi n\u00e0o n\u00ean s\u1eed d\u1ee5ng l\u1ec7nh gi\u1edbi h\u1ea1n?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Th\u1ecb tr\u01b0\u1eddng \u0111i ngang<\/strong>: Khi gi\u00e1 dao \u0111\u1ed9ng trong ph\u1ea1m vi h\u1eb9p, l\u1ec7nh gi\u1edbi h\u1ea1n gi\u00fap b\u1ea1n t\u1eadn d\u1ee5ng t\u1ed1t c\u00e1c c\u01a1 h\u1ed9i.<\/li>\n<li><strong>Giao d\u1ecbch theo xu h\u01b0\u1edbng ho\u1eb7c t\u00edch l\u0169y<\/strong>: \u0110\u1eb7t l\u1ec7nh t\u1ea1i c\u00e1c m\u1ee9c h\u1ed7 tr\u1ee3 ho\u1eb7c kh\u00e1ng c\u1ef1 \u0111\u1ec3 giao d\u1ecbch hi\u1ec7u qu\u1ea3 h\u01a1n.<\/li>\n<li><strong>Ch\u1ed1t l\u1eddi ho\u1eb7c c\u1eaft l\u1ed7<\/strong>: D\u00f9ng l\u1ec7nh gi\u1edbi h\u1ea1n \u0111\u1ec3 t\u1ef1 \u0111\u1ed9ng h\u00f3a vi\u1ec7c ch\u1ed1t l\u1eddi ho\u1eb7c c\u1eaft l\u1ed7 t\u1ea1i m\u1ee9c gi\u00e1 mong mu\u1ed1n.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Mot_so_luu_y_quan_trong\"><\/span>M\u1ed9t s\u1ed1 l\u01b0u \u00fd quan tr\u1ecdng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\u0110\u1eb7t l\u1ec7nh \u1edf m\u1ee9c gi\u00e1 n\u1eb1m ngo\u00e0i bi\u00ean \u0111\u1ed9 th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i c\u00f3 th\u1ec3 khi\u1ebfn l\u1ec7nh kh\u00f4ng \u0111\u01b0\u1ee3c kh\u1edbp.<\/li>\n<li>Theo d\u00f5i v\u00e0 \u0111i\u1ec1u ch\u1ec9nh l\u1ec7nh th\u01b0\u1eddng xuy\u00ean theo bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng.<\/li>\n<li>K\u1ebft h\u1ee3p ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh m\u1ee9c gi\u00e1 \u0111\u1eb7t l\u1ec7nh h\u1ee3p l\u00fd.<\/li>\n<li>\u0110\u1ea3m b\u1ea3o thanh kho\u1ea3n t\u1ea1i m\u1ee9c gi\u00e1 m\u00e0 b\u1ea1n \u0111\u1eb7t l\u1ec7nh \u0111\u1ec3 tr\u00e1nh r\u1ee7i ro kh\u00f4ng kh\u1edbp.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"9_Ky_quy_Margin\"><\/span>9. K\u00fd qu\u1ef9 (Margin)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sau khi \u0111\u00e3 n\u1eafm r\u00f5 c\u00e1c kh\u00e1i ni\u1ec7m giao d\u1ecbch c\u01a1 b\u1ea3n, gi\u1edd l\u00e0 l\u00fac t\u00ecm hi\u1ec3u v\u1ec1 k\u00fd qu\u1ef9 \u2013 m\u1ed9t y\u1ebfu t\u1ed1 quan tr\u1ecdng trong vi\u1ec7c qu\u1ea3n l\u00fd r\u1ee7i ro giao d\u1ecbch.<\/p>\n<p>K\u00fd qu\u1ef9 l\u00e0 kho\u1ea3n ti\u1ec1n \u0111\u1eb7t c\u1ecdc nh\u1eb1m \u0111\u1ea3m b\u1ea3o ngh\u0129a v\u1ee5 th\u1ef1c hi\u1ec7n giao d\u1ecbch, kh\u00f4ng \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 thanh to\u00e1n ngay.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_ky_quy\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a k\u00fd qu\u1ef9<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>B\u1ea3n ch\u1ea5t<\/strong>: \u0110\u00e2y l\u00e0 kho\u1ea3n ti\u1ec1n \u0111\u1ea3m b\u1ea3o cho giao d\u1ecbch.<\/li>\n<li><strong>M\u1ee5c \u0111\u00edch<\/strong>: Gi\u1ea3m thi\u1ec3u r\u1ee7i ro khi m\u1ed9t b\u00ean kh\u00f4ng th\u1ef1c hi\u1ec7n ngh\u0129a v\u1ee5.<\/li>\n<li><strong>Thay \u0111\u1ed5i linh ho\u1ea1t<\/strong>: C\u00f3 th\u1ec3 \u0111i\u1ec1u ch\u1ec9nh theo bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cac_loai_ky_quy_chinh\"><\/span>C\u00e1c lo\u1ea1i k\u00fd qu\u1ef9 ch\u00ednh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li><strong>K\u00fd qu\u1ef9 ban \u0111\u1ea7u<\/strong>\u0110\u00e2y l\u00e0 s\u1ed1 ti\u1ec1n t\u1ed1i thi\u1ec3u c\u1ea7n \u0111\u1eb7t c\u1ecdc khi m\u1edf v\u1ecb th\u1ebf. S\u1ed1 ti\u1ec1n n\u00e0y \u0111\u01b0\u1ee3c t\u00ednh d\u1ef1a tr\u00ean:\n<ul>\n<li>Gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng<\/li>\n<li>M\u1ee9c \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/li>\n<li>Quy \u0111\u1ecbnh c\u1ee5 th\u1ec3 t\u1eeb s\u00e0n giao d\u1ecbch<\/li>\n<\/ul>\n<\/li>\n<li><strong>K\u00fd qu\u1ef9 duy tr\u00ec<\/strong>L\u00e0 s\u1ed1 ti\u1ec1n t\u1ed1i thi\u1ec3u c\u1ea7n duy tr\u00ec trong t\u00e0i kho\u1ea3n \u0111\u1ec3 gi\u1eef v\u1ecb th\u1ebf giao d\u1ecbch. N\u1ebfu s\u1ed1 d\u01b0 t\u00e0i kho\u1ea3n gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi m\u1ee9c n\u00e0y, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c y\u00eau c\u1ea7u n\u1ea1p th\u00eam k\u00fd qu\u1ef9.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Cac_yeu_to_anh_huong_den_muc_ky_quy\"><\/span>C\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn m\u1ee9c k\u00fd qu\u1ef9<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\"><strong>Y\u1ebfu t\u1ed1<\/strong><\/th>\n<th colspan=\"1\" rowspan=\"1\"><strong>\u1ea2nh h\u01b0\u1edfng<\/strong><\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">\u0110\u1ed9 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a t\u00e0i s\u1ea3n<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u00e0ng l\u1edbn, m\u1ee9c k\u00fd qu\u1ef9 y\u00eau c\u1ea7u c\u00e0ng cao<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">K\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">H\u1ee3p \u0111\u1ed3ng c\u00e0ng l\u1edbn, m\u1ee9c k\u00fd qu\u1ef9 c\u00e0ng cao<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Quy \u0111\u1ecbnh c\u1ee7a s\u00e0n giao d\u1ecbch<\/td>\n<td colspan=\"1\" rowspan=\"1\">M\u1ed7i s\u00e0n s\u1ebd c\u00f3 y\u00eau c\u1ea7u k\u00fd qu\u1ef9 kh\u00e1c nhau<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Cach_quan_ly_ky_quy_hieu_qua\"><\/span>C\u00e1ch qu\u1ea3n l\u00fd k\u00fd qu\u1ef9 hi\u1ec7u qu\u1ea3<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Ki\u1ec3m tra th\u01b0\u1eddng xuy\u00ean<\/strong>: Theo d\u00f5i s\u1ed1 d\u01b0 t\u00e0i kho\u1ea3n h\u00e0ng ng\u00e0y \u0111\u1ec3 tr\u00e1nh r\u1ee7i ro.<\/li>\n<li><strong>D\u1ef1 tr\u1eef h\u1ee3p l\u00fd<\/strong>: Lu\u00f4n duy tr\u00ec s\u1ed1 d\u01b0 cao h\u01a1n m\u1ee9c k\u00fd qu\u1ef9 t\u1ed1i thi\u1ec3u.<\/li>\n<li><strong>Ph\u1ea3n \u1ee9ng nhanh<\/strong>: Khi nh\u1eadn \u0111\u01b0\u1ee3c y\u00eau c\u1ea7u b\u1ed5 sung k\u00fd qu\u1ef9, c\u1ea7n x\u1eed l\u00fd ngay l\u1eadp t\u1ee9c.<\/li>\n<li><strong>Ph\u00e2n b\u1ed5 v\u1ed1n th\u00f4ng minh<\/strong>: Kh\u00f4ng n\u00ean d\u00f9ng to\u00e0n b\u1ed9 s\u1ed1 d\u01b0 t\u00e0i kho\u1ea3n cho m\u1ed9t giao d\u1ecbch duy nh\u1ea5t.<\/li>\n<\/ul>\n<p>Ti\u1ebfp theo, ch\u00fang ta s\u1ebd t\u00ecm hi\u1ec3u th\u00eam v\u1ec1 m\u1ed9t thu\u1eadt ng\u1eef kh\u00e1c trong giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.<\/p>\n    <div class=\"infina-box\">\n\t\t <div class=\"qr-code\" style=\"margin-top: 20px;\">\n            <a href=\"https:\/\/infina.vn\/?utm_content=blog_thuc\" target=\"_blank\">\n                <img decoding=\"async\" src=\"http:\/\/infina.vn\/blog\/wp-content\/uploads\/2025\/02\/app_banner-09-1-1.png\" alt=\"QR Code Infina\" title=\"\">\n            <\/a>\n        <\/div>\n        <p style=\"color: black;\"><strong>T\u00e0i kho\u1ea3n nh\u1eadn ti\u1ec1n, Sinh l\u1eddi t\u1ef1 \u0111\u1ed9ng nh\u01b0 g\u1eedi ti\u1ebft ki\u1ec7m!<\/strong><\/p>\n        <p class=\"my-3\">T\u00e0i kho\u1ea3n sinh l\u1eddi <a href=\"https:\/\/infina.vn\" data-internallinksmanager029f6b8e52c=\"2\" title=\"Infina\" target=\"_blank\" rel=\"noopener\">Infina<\/a> l\u00e0 s\u1ef1 l\u1ef1a ch\u1ecdn l\u00fd t\u01b0\u1edfng cho t\u1ea5t c\u1ea3 m\u1ecdi ng\u01b0\u1eddi, nh\u1eefng ai mu\u1ed1n t\u1ed1i \u01b0u h\u00f3a t\u00e0i ch\u00ednh c\u00e1 nh\u00e2n v\u00e0 sinh l\u1eddi tr\u00ean d\u00f2ng ti\u1ec1n c\u1ee7a m\u00ecnh.<\/p>\n        <p class=\"my-3\">N\u1ea1p v\u00e0 r\u00fat ti\u1ec1n nhanh ch\u00f3ng trong v\u00f2ng 30 gi\u00e2y, nh\u1eadn l\u1ee3i nhu\u1eadn h\u00e0ng ng\u00e0y v\u00e0 r\u00fat v\u1ed1n b\u1ea5t k\u1ef3 l\u00fac n\u00e0o m\u00e0 kh\u00f4ng b\u1ecb m\u1ea5t l\u1ee3i nhu\u1eadn.<\/p>\n        <p class=\"my-3\">\u0110\u01b0\u1ee3c C\u00f4ng ty TNHH MTV qu\u1ea3n l\u00fd qu\u1ef9 ACB (ACBC), C\u00f4ng ty c\u1ed5 ph\u1ea7n qu\u1ea3n l\u00fd qu\u1ef9 PVI (PVI AM) qu\u1ea3n l\u00fd \u0111\u1ea7u t\u01b0 v\u00e0 Ng\u00e2n h\u00e0ng BIDV l\u01b0u k\u00fd. Qu\u1ef9 ACBC, v\u00e0 Qu\u1ef9 PVI AM s\u1ebd th\u1ef1c hi\u1ec7n g\u1eedi ti\u1ec1n t\u1ea1i c\u00e1c ng\u00e2n h\u00e0ng, t\u1ed5 ch\u1ee9c t\u00edn d\u1ee5ng uy t\u00edn.<\/p>\n        <a class=\"infina-button\" href=\"https:\/\/infina.vn\/?utm_content=blog_thuc\" style=\"margin-bottom: 20px; display: inline-block;\">Tr\u1ea3i nghi\u1ec7m sinh l\u1eddi mi\u1ec5n ph\u00ed<\/a>\n    <\/div>\n    \n<h2><span class=\"ez-toc-section\" id=\"10_Ty_le_don_bay_Leverage_Ratio\"><\/span>10. T\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y (Leverage Ratio)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>T\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y cho ph\u00e9p b\u1ea1n ki\u1ec3m so\u00e1t m\u1ed9t kh\u1ed1i l\u01b0\u1ee3ng t\u00e0i s\u1ea3n l\u1edbn h\u01a1n nhi\u1ec1u so v\u1edbi s\u1ed1 v\u1ed1n th\u1ef1c t\u1ebf b\u1ecf ra. \u0110\u00e2y l\u00e0 c\u00f4ng c\u1ee5 quan tr\u1ecdng gi\u00fap t\u1ed1i \u01b0u h\u00f3a ngu\u1ed3n v\u1ed1n trong giao d\u1ecbch.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cach_tinh_ty_le_don_bay\"><\/span>C\u00e1ch t\u00ednh t\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>C\u00f4ng th\u1ee9c t\u00ednh r\u1ea5t \u0111\u01a1n gi\u1ea3n:<\/p>\n<pre><code>T\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y = <span class=\"hljs-title class_\">Gi<\/span>\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng \/ S\u1ed1 ti\u1ec1n k\u00fd qu\u1ef9 ban \u0111\u1ea7u\r\n<br class=\"ProseMirror-trailingBreak\" \/><\/code><\/pre>\n<p>V\u00ed d\u1ee5: N\u1ebfu m\u1ed9t h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai c\u00f3 gi\u00e1 tr\u1ecb 100 tri\u1ec7u \u0111\u1ed3ng v\u00e0 y\u00eau c\u1ea7u k\u00fd qu\u1ef9 ban \u0111\u1ea7u l\u00e0 10 tri\u1ec7u \u0111\u1ed3ng, t\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y s\u1ebd l\u00e0 10:1. \u0110i\u1ec1u n\u00e0y c\u00f3 ngh\u0129a b\u1ea1n ch\u1ec9 c\u1ea7n b\u1ecf ra 10 tri\u1ec7u \u0111\u1ed3ng \u0111\u1ec3 ki\u1ec3m so\u00e1t t\u00e0i s\u1ea3n tr\u1ecb gi\u00e1 100 tri\u1ec7u \u0111\u1ed3ng.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_don_bay_trong_giao_dich\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a \u0111\u00f2n b\u1ea9y trong giao d\u1ecbch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">\u0110\u1eb7c \u0111i\u1ec3m<\/th>\n<th colspan=\"1\" rowspan=\"1\">M\u00f4 t\u1ea3<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">L\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u00f3 th\u1ec3 gia t\u0103ng l\u1ee3i nhu\u1eadn \u0111\u00e1ng k\u1ec3 ngay c\u1ea3 khi v\u1ed1n nh\u1ecf.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">R\u1ee7i ro<\/td>\n<td colspan=\"1\" rowspan=\"1\">R\u1ee7i ro c\u0169ng t\u0103ng theo m\u1ee9c \u0111\u1ed9 \u0111\u00f2n b\u1ea9y, c\u00f3 th\u1ec3 g\u00e2y l\u1ed7 l\u1edbn.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">Y\u00eau c\u1ea7u qu\u1ea3n l\u00fd<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110\u00f2i h\u1ecfi ph\u1ea3i theo d\u00f5i s\u00e1t sao bi\u1ebfn \u0111\u1ed9ng gi\u00e1 \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\">T\u00ednh linh ho\u1ea1t<\/td>\n<td colspan=\"1\" rowspan=\"1\">Thay \u0111\u1ed5i t\u00f9y thu\u1ed9c v\u00e0o quy \u0111\u1ecbnh c\u1ee7a s\u00e0n giao d\u1ecbch v\u00e0 lo\u1ea1i t\u00e0i s\u1ea3n.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Nguyen_tac_quan_ly_rui_ro_khi_su_dung_don_bay\"><\/span>Nguy\u00ean t\u1eafc qu\u1ea3n l\u00fd r\u1ee7i ro khi s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro khi s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y, b\u1ea1n c\u1ea7n:<\/p>\n<ul>\n<li>Ph\u00e2n b\u1ed5 danh m\u1ee5c \u0111\u1ea7u t\u01b0 m\u1ed9t c\u00e1ch h\u1ee3p l\u00fd.<\/li>\n<li>Gi\u1edbi h\u1ea1n m\u1ee9c \u0111\u00f2n b\u1ea9y ph\u00f9 h\u1ee3p v\u1edbi kh\u1ea3 n\u0103ng t\u00e0i ch\u00ednh.<\/li>\n<li>Duy tr\u00ec m\u1ed9t kho\u1ea3n v\u1ed1n d\u1ef1 ph\u00f2ng \u0111\u1ec3 \u1ee9ng ph\u00f3 v\u1edbi bi\u1ebfn \u0111\u1ed9ng b\u1ea5t ng\u1edd.<\/li>\n<li>Th\u01b0\u1eddng xuy\u00ean theo d\u00f5i v\u00e0 \u0111\u00e1nh gi\u00e1 th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c k\u1ecbp th\u1eddi.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Luu_y_quan_trong\"><\/span>L\u01b0u \u00fd quan tr\u1ecdng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u00f2n b\u1ea9y mang \u0111\u1ebfn c\u01a1 h\u1ed9i l\u1edbn nh\u01b0ng c\u0169ng ti\u1ec1m \u1ea9n r\u1ee7i ro cao. V\u00ec v\u1eady, tr\u01b0\u1edbc khi s\u1eed d\u1ee5ng, b\u1ea1n c\u1ea7n:<\/p>\n<ul>\n<li>Hi\u1ec3u r\u00f5 c\u00e1ch th\u1ee9c ho\u1ea1t \u0111\u1ed9ng c\u1ee7a \u0111\u00f2n b\u1ea9y.<\/li>\n<li>\u0110\u00e1nh gi\u00e1 k\u1ef9 l\u01b0\u1ee1ng kh\u1ea3 n\u0103ng t\u00e0i ch\u00ednh c\u00e1 nh\u00e2n.<\/li>\n<li>X\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch r\u00f5 r\u00e0ng v\u00e0 c\u00f3 k\u1ebf ho\u1ea1ch d\u1ef1 ph\u00f2ng.<\/li>\n<li>Li\u00ean t\u1ee5c theo d\u00f5i v\u00e0 \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ec3 ph\u00f9 h\u1ee3p v\u1edbi th\u1ecb tr\u01b0\u1eddng.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"11_Gia_thanh_toan_Settlement_Price\"><\/span>11. Gi\u00e1 thanh to\u00e1n (Settlement Price)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gi\u00e1 thanh to\u00e1n \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c x\u00e1c \u0111\u1ecbnh l\u00e3i\/l\u1ed7 h\u00e0ng ng\u00e0y v\u00e0 qu\u1ea3n l\u00fd r\u1ee7i ro giao d\u1ecbch, \u0111\u1eb7c bi\u1ec7t khi k\u1ebft h\u1ee3p v\u1edbi c\u00e1c kh\u00e1i ni\u1ec7m nh\u01b0 k\u00fd qu\u1ef9 v\u00e0 \u0111\u00f2n b\u1ea9y.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_gia_thanh_toan\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a gi\u00e1 thanh to\u00e1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Ti\u00eau ch\u00ed<\/th>\n<th colspan=\"1\" rowspan=\"1\">Chi ti\u1ebft<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Th\u1eddi gian x\u00e1c \u0111\u1ecbnh<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">X\u00e1c \u0111\u1ecbnh v\u00e0o cu\u1ed1i m\u1ed7i phi\u00ean giao d\u1ecbch<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>C\u01a1 s\u1edf t\u00ednh to\u00e1n<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">D\u1ef1a tr\u00ean gi\u00e1 trung b\u00ecnh c\u1ee7a c\u00e1c giao d\u1ecbch cu\u1ed1i phi\u00ean<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>M\u1ee5c \u0111\u00edch s\u1eed d\u1ee5ng<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">D\u00f9ng \u0111\u1ec3 t\u00ednh l\u00e3i\/l\u1ed7 v\u00e0 y\u00eau c\u1ea7u k\u00fd qu\u1ef9<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>T\u1ea7n su\u1ea5t c\u1eadp nh\u1eadt<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110\u01b0\u1ee3c c\u1eadp nh\u1eadt h\u00e0ng ng\u00e0y<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Cach_xac_dinh_gia_thanh_toan\"><\/span>C\u00e1ch x\u00e1c \u0111\u1ecbnh gi\u00e1 thanh to\u00e1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Gi\u00e1 thanh to\u00e1n th\u01b0\u1eddng \u0111\u01b0\u1ee3c t\u00ednh theo m\u1ed9t trong c\u00e1c ph\u01b0\u01a1ng ph\u00e1p sau \u0111\u00e2y:<\/p>\n<ul>\n<li><strong>Gi\u00e1 \u0111\u00f3ng c\u1eeda<\/strong>: \u0110\u00e2y l\u00e0 gi\u00e1 giao d\u1ecbch cu\u1ed1i c\u00f9ng trong phi\u00ean.<\/li>\n<li><strong>Gi\u00e1 trung b\u00ecnh<\/strong>: L\u1ea5y trung b\u00ecnh c\u00e1c giao d\u1ecbch di\u1ec5n ra v\u00e0o th\u1eddi gian cu\u1ed1i phi\u00ean.<\/li>\n<li><strong>Gi\u00e1 tham chi\u1ebfu<\/strong>: D\u1ef1a tr\u00ean gi\u00e1 c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf ho\u1eb7c c\u00e1c ch\u1ec9 s\u1ed1 li\u00ean quan.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Vai_tro_trong_quan_ly_rui_ro\"><\/span>Vai tr\u00f2 trong qu\u1ea3n l\u00fd r\u1ee7i ro<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Gi\u00e1 thanh to\u00e1n kh\u00f4ng ch\u1ec9 gi\u00fap x\u00e1c \u0111\u1ecbnh l\u00e3i\/l\u1ed7 h\u00e0ng ng\u00e0y m\u00e0 c\u00f2n \u0111\u1ea3m b\u1ea3o t\u00ednh minh b\u1ea1ch trong giao d\u1ecbch. \u0110\u1ed3ng th\u1eddi, n\u00f3 l\u00e0 c\u01a1 s\u1edf \u0111\u1ec3 \u0111\u01b0a ra c\u00e1c y\u00eau c\u1ea7u k\u00fd qu\u1ef9, t\u1eeb \u0111\u00f3 h\u1ed7 tr\u1ee3 ki\u1ec3m so\u00e1t r\u1ee7i ro m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Anh_huong_den_chien_luoc_giao_dich\"><\/span>\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Gi\u00e1 thanh to\u00e1n c\u00f3 t\u00e1c \u0111\u1ed9ng l\u1edbn \u0111\u1ebfn c\u00e1ch nh\u00e0 \u0111\u1ea7u t\u01b0 x\u00e2y d\u1ef1ng v\u00e0 \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch, bao g\u1ed3m:<\/p>\n<ul>\n<li>L\u00ean k\u1ebf ho\u1ea1ch giao d\u1ecbch h\u00e0ng ng\u00e0y.<\/li>\n<li>X\u00e1c \u0111\u1ecbnh s\u1ed1 ti\u1ec1n k\u00fd qu\u1ef9 c\u1ea7n duy tr\u00ec.<\/li>\n<li>\u0110\u00e1nh gi\u00e1 m\u1ee9c \u0111\u1ed9 hi\u1ec7u qu\u1ea3 c\u1ee7a c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0.<\/li>\n<li>\u0110i\u1ec1u ch\u1ec9nh c\u00e1c chi\u1ebfn l\u01b0\u1ee3c nh\u1eb1m qu\u1ea3n l\u00fd r\u1ee7i ro t\u1ed1t h\u01a1n.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"12_Bien_do_giao_dong_gia_Price_Fluctuation_Limit\"><\/span>12. Bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng gi\u00e1 (Price Fluctuation Limit)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng gi\u00e1 l\u00e0 m\u1ee9c gi\u1edbi h\u1ea1n cho ph\u00e9p gi\u00e1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai t\u0103ng ho\u1eb7c gi\u1ea3m trong m\u1ed9t phi\u00ean giao d\u1ecbch. C\u01a1 ch\u1ebf n\u00e0y \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf \u0111\u1ec3 ki\u1ec3m so\u00e1t s\u1ef1 bi\u1ebfn \u0111\u1ed9ng v\u00e0 gi\u1ea3m thi\u1ec3u r\u1ee7i ro cho nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n<p>C\u00f9ng v\u1edbi vai tr\u00f2 c\u1ee7a k\u00fd qu\u1ef9 v\u00e0 \u0111\u00f2n b\u1ea9y, bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng gi\u00e1 \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c gi\u1eef cho th\u1ecb tr\u01b0\u1eddng kh\u00f4ng b\u1ecb bi\u1ebfn \u0111\u1ed9ng qu\u00e1 m\u1ee9c. H\u00e3y c\u00f9ng t\u00ecm hi\u1ec3u c\u00e1ch ho\u1ea1t \u0111\u1ed9ng v\u00e0 \u00fd ngh\u0129a c\u1ee7a c\u01a1 ch\u1ebf n\u00e0y.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_bien_do_giao_dong_gia\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng gi\u00e1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Y\u1ebfu t\u1ed1<\/th>\n<th colspan=\"1\" rowspan=\"1\">Chi ti\u1ebft<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>C\u00e1ch t\u00ednh<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m thay \u0111\u1ed5i so v\u1edbi gi\u00e1 tham chi\u1ebfu<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Th\u1eddi gian \u00e1p d\u1ee5ng<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Trong m\u1ed9t phi\u00ean giao d\u1ecbch<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>M\u1ee5c \u0111\u00edch<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Ki\u1ec3m so\u00e1t bi\u1ebfn \u0111\u1ed9ng v\u00e0 ng\u0103n ch\u1eb7n dao \u0111\u1ed9ng l\u1edbn<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>\u0110i\u1ec1u ch\u1ec9nh<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u00f3 th\u1ec3 thay \u0111\u1ed5i t\u00f9y thu\u1ed9c v\u00e0o t\u00ecnh h\u00ecnh th\u1ecb tr\u01b0\u1eddng<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Co_che_hoat_dong\"><\/span>C\u01a1 ch\u1ebf ho\u1ea1t \u0111\u1ed9ng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Khi gi\u00e1 ch\u1ea1m \u0111\u1ebfn gi\u1edbi h\u1ea1n bi\u00ean \u0111\u1ed9, th\u1ecb tr\u01b0\u1eddng s\u1ebd \u00e1p d\u1ee5ng c\u00e1c quy \u0111\u1ecbnh sau:<\/p>\n<ul>\n<li><strong>T\u1ea1m d\u1eebng giao d\u1ecbch<\/strong>: Giao d\u1ecbch s\u1ebd t\u1ef1 \u0111\u1ed9ng t\u1ea1m ng\u1eebng trong th\u1eddi gian ng\u1eafn \u0111\u1ec3 th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1eddi gian \u1ed5n \u0111\u1ecbnh.<\/li>\n<li><strong>H\u1ea1n ch\u1ebf l\u1ec7nh giao d\u1ecbch<\/strong>: Ch\u1ec9 nh\u1eefng l\u1ec7nh n\u1eb1m trong ph\u1ea1m vi bi\u00ean \u0111\u1ed9 cho ph\u00e9p m\u1edbi \u0111\u01b0\u1ee3c h\u1ec7 th\u1ed1ng ch\u1ea5p nh\u1eadn.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Y_nghia_doi_voi_nha_dau_tu\"><\/span>\u00dd ngh\u0129a \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng gi\u00e1 mang l\u1ea1i nhi\u1ec1u l\u1ee3i \u00edch cho nh\u00e0 \u0111\u1ea7u t\u01b0, ch\u1eb3ng h\u1ea1n nh\u01b0:<\/p>\n<ul>\n<li>Gi\u1ea3m thi\u1ec3u r\u1ee7i ro thua l\u1ed7 trong m\u1ed9t phi\u00ean giao d\u1ecbch.<\/li>\n<li>T\u1ea1o c\u01a1 h\u1ed9i \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 l\u1ea1i t\u00ecnh h\u00ecnh khi th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh.<\/li>\n<li>H\u1ed7 tr\u1ee3 x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c gi\u1edbi h\u1ea1n c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Quan_ly_rui_ro_hieu_qua\"><\/span>Qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro t\u1ed1t h\u01a1n, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean:<\/p>\n<ul>\n<li>Theo d\u00f5i s\u00e1t sao gi\u00e1 tham chi\u1ebfu v\u00e0 bi\u00ean \u0111\u1ed9 trong m\u1ed7i phi\u00ean giao d\u1ecbch.<\/li>\n<li>S\u1eed d\u1ee5ng l\u1ec7nh stop-loss trong ph\u1ea1m vi an to\u00e0n.<\/li>\n<li>C\u1eadp nh\u1eadt th\u00f4ng tin t\u1eeb s\u00e0n giao d\u1ecbch th\u01b0\u1eddng xuy\u00ean.<\/li>\n<li>Tr\u00e1nh \u0111\u1eb7t l\u1ec7nh g\u1ea7n s\u00e1t m\u1ee9c gi\u1edbi h\u1ea1n \u0111\u1ec3 gi\u1ea3m nguy c\u01a1 b\u1ecb t\u1eeb ch\u1ed1i.<\/li>\n<\/ul>\n<p>Ph\u1ea7n ti\u1ebfp theo s\u1ebd ti\u1ebfp t\u1ee5c ph\u00e2n t\u00edch c\u00e1c y\u1ebfu t\u1ed1 kh\u00e1c trong vi\u1ec7c qu\u1ea3n l\u00fd r\u1ee7i ro khi giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"13_Kich_thuoc_hop_dong_Contract_Size\"><\/span>13. K\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng (Contract Size)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>K\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 quan tr\u1ecdng khi giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai. N\u00f3 x\u00e1c \u0111\u1ecbnh s\u1ed1 l\u01b0\u1ee3ng t\u00e0i s\u1ea3n c\u01a1 s\u1edf trong m\u1ed7i h\u1ee3p \u0111\u1ed3ng, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 t\u00ednh to\u00e1n gi\u00e1 tr\u1ecb giao d\u1ecbch v\u00e0 qu\u1ea3n l\u00fd v\u1ed1n h\u1ee3p l\u00fd.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_kich_thuoc_hop_dong\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Y\u1ebfu t\u1ed1<\/th>\n<th colspan=\"1\" rowspan=\"1\">Chi ti\u1ebft<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>T\u00ednh chu\u1ea9n h\u00f3a<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110\u01b0\u1ee3c s\u00e0n giao d\u1ecbch quy \u0111\u1ecbnh c\u1ed1 \u0111\u1ecbnh<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>\u0110\u01a1n v\u1ecb t\u00ednh<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Ph\u1ee5 thu\u1ed9c v\u00e0o lo\u1ea1i t\u00e0i s\u1ea3n, v\u00ed d\u1ee5: kg, t\u1ea5n, \u0111\u01a1n v\u1ecb<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>T\u00ednh thanh kho\u1ea3n<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">K\u00edch th\u01b0\u1edbc c\u00e0ng chu\u1ea9n h\u00f3a, giao d\u1ecbch c\u00e0ng d\u1ec5 d\u00e0ng<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>M\u1ee9c \u0111\u1ed9 ph\u1ed5 bi\u1ebfn<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">M\u1ed7i lo\u1ea1i h\u00e0ng h\u00f3a th\u01b0\u1eddng c\u00f3 c\u00e1c k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng ph\u1ed5 bi\u1ebfn ri\u00eang bi\u1ec7t<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Cach_tinh_gia_tri_hop_dong\"><\/span>C\u00e1ch t\u00ednh gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>C\u00f4ng th\u1ee9c t\u00ednh gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng r\u1ea5t \u0111\u01a1n gi\u1ea3n:<\/p>\n<p><strong>Gi\u00e1 tr\u1ecb = K\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng \u00d7 Gi\u00e1 ni\u00eam y\u1ebft<\/strong><\/p>\n<p>V\u00ed d\u1ee5: M\u1ed9t h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai c\u00e0 ph\u00ea c\u00f3 k\u00edch th\u01b0\u1edbc 2 t\u1ea5n, gi\u00e1 ni\u00eam y\u1ebft l\u00e0 40.000.000 VN\u0110\/t\u1ea5n. Khi \u0111\u00f3, gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng s\u1ebd l\u00e0:<\/p>\n<p><strong>80.000.000 VN\u0110<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Anh_huong_den_chien_luoc_giao_dich-2\"><\/span>\u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>K\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng l\u1edbn \u0111\u1ebfn c\u00e1ch b\u1ea1n giao d\u1ecbch:<\/p>\n<ul>\n<li><strong>Y\u00eau c\u1ea7u k\u00fd qu\u1ef9<\/strong>: H\u1ee3p \u0111\u1ed3ng l\u1edbn \u0111\u00f2i h\u1ecfi k\u00fd qu\u1ef9 cao h\u01a1n.<\/li>\n<li><strong>R\u1ee7i ro<\/strong>: R\u1ee7i ro t\u0103ng l\u00ean theo k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng.<\/li>\n<li><strong>T\u00ednh linh ho\u1ea1t<\/strong>: H\u1ee3p \u0111\u1ed3ng l\u1edbn c\u00f3 th\u1ec3 h\u1ea1n ch\u1ebf s\u1ef1 linh ho\u1ea1t trong giao d\u1ecbch.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Lua_chon_kich_thuoc_hop_dong_phu_hop\"><\/span>L\u1ef1a ch\u1ecdn k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng ph\u00f9 h\u1ee3p<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 ch\u1ecdn k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng ph\u00f9 h\u1ee3p, h\u00e3y c\u00e2n nh\u1eafc c\u00e1c y\u1ebfu t\u1ed1 sau:<\/p>\n<ul>\n<li>S\u1ed1 v\u1ed1n b\u1ea1n \u0111ang c\u00f3.<\/li>\n<li>M\u1ee9c \u0111\u1ed9 r\u1ee7i ro b\u1ea1n c\u00f3 th\u1ec3 ch\u1ea5p nh\u1eadn.<\/li>\n<li>M\u1ee5c ti\u00eau l\u1ee3i nhu\u1eadn b\u1ea1n \u0111\u1eb7t ra.<\/li>\n<li>Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch m\u00e0 b\u1ea1n \u0111ang \u00e1p d\u1ee5ng.<\/li>\n<\/ul>\n<p>Vi\u1ec7c hi\u1ec3u r\u00f5 k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng s\u1ebd gi\u00fap b\u1ea1n \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 \u0111\u00fang \u0111\u1eafn v\u00e0 ki\u1ec3m so\u00e1t r\u1ee7i ro hi\u1ec7u qu\u1ea3 h\u01a1n.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"14_Thang_giao_dich_Contract_Month\"><\/span>14. Th\u00e1ng giao d\u1ecbch (Contract Month)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Th\u00e1ng giao d\u1ecbch l\u00e0 th\u1eddi \u0111i\u1ec3m h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai \u0111\u00e1o h\u1ea1n v\u00e0 \u0111\u01b0\u1ee3c thanh to\u00e1n. \u0110\u00e2y l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c giao d\u1ecbch v\u00e0 qu\u1ea3n l\u00fd danh m\u1ee5c c\u1ee7a m\u00ecnh.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_thang_giao_dich\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a th\u00e1ng giao d\u1ecbch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Y\u1ebfu t\u1ed1<\/th>\n<th colspan=\"1\" rowspan=\"1\">M\u00f4 t\u1ea3<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Chu k\u1ef3<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Th\u01b0\u1eddng tu\u00e2n theo c\u00e1c th\u00e1ng m\u00f9a v\u1ee5 ho\u1eb7c qu\u00fd<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Thanh kho\u1ea3n<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Cao nh\u1ea5t \u1edf th\u00e1ng g\u1ea7n nh\u1ea5t<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>S\u1ed1 l\u01b0\u1ee3ng<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u00f3 kho\u1ea3ng 4-6 th\u00e1ng giao d\u1ecbch c\u00f9ng l\u00fac<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Quy \u0111\u1ecbnh<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110\u01b0\u1ee3c quy \u0111\u1ecbnh c\u1ee5 th\u1ec3 b\u1edfi s\u00e0n giao d\u1ecbch<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Cac_loai_thang_giao_dich_pho_bien\"><\/span>C\u00e1c lo\u1ea1i th\u00e1ng giao d\u1ecbch ph\u1ed5 bi\u1ebfn<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Th\u00e1ng giao d\u1ecbch \u0111\u01b0\u1ee3c chia th\u00e0nh hai nh\u00f3m ch\u00ednh:<\/p>\n<ul>\n<li><strong>Th\u00e1ng li\u00ean t\u1ee5c<\/strong>: D\u00e0nh cho h\u1ee3p \u0111\u1ed3ng ng\u1eafn h\u1ea1n, th\u01b0\u1eddng g\u1ed3m 2-3 th\u00e1ng g\u1ea7n nh\u1ea5t v\u00e0 c\u00f3 thanh kho\u1ea3n cao.<\/li>\n<li><strong>Th\u00e1ng theo m\u00f9a v\u1ee5<\/strong>: Ph\u00f9 h\u1ee3p v\u1edbi chu k\u1ef3 s\u1ea3n xu\u1ea5t, th\u01b0\u1eddng r\u01a1i v\u00e0o c\u00e1c th\u00e1ng thu ho\u1ea1ch ch\u00ednh \u0111\u1ec3 h\u1ed7 tr\u1ee3 qu\u1ea3n l\u00fd r\u1ee7i ro theo m\u00f9a.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Chien_luoc_chon_thang_giao_dich\"><\/span>Chi\u1ebfn l\u01b0\u1ee3c ch\u1ecdn th\u00e1ng giao d\u1ecbch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Khi ch\u1ecdn th\u00e1ng giao d\u1ecbch, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n l\u01b0u \u00fd:<\/p>\n<ul>\n<li><strong>Thanh kho\u1ea3n<\/strong>: C\u00e1c th\u00e1ng g\u1ea7n nh\u1ea5t th\u01b0\u1eddng c\u00f3 thanh kho\u1ea3n t\u1ed1t h\u01a1n.<\/li>\n<li><strong>Chi ph\u00ed giao d\u1ecbch<\/strong>: Spread th\u1ea5p h\u01a1n \u1edf c\u00e1c th\u00e1ng g\u1ea7n.<\/li>\n<li><strong>M\u1ee5c ti\u00eau \u0111\u1ea7u t\u01b0<\/strong>: L\u1ef1a ch\u1ecdn d\u1ef1a tr\u00ean th\u1eddi gian d\u1ef1 ki\u1ebfn n\u1eafm gi\u1eef.<\/li>\n<li><strong>\u0110\u1eb7c \u0111i\u1ec3m th\u1ecb tr\u01b0\u1eddng<\/strong>: Xem x\u00e9t y\u1ebfu t\u1ed1 m\u00f9a v\u1ee5 v\u00e0 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 theo chu k\u1ef3.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Vi_du_ve_thang_giao_dich\"><\/span>V\u00ed d\u1ee5 v\u1ec1 th\u00e1ng giao d\u1ecbch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>H\u00e3y xem h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai c\u00e0 ph\u00ea, v\u1edbi c\u00e1c th\u00e1ng giao d\u1ecbch nh\u01b0 sau:<\/p>\n<ul>\n<li><strong>Th\u00e1ng g\u1ea7n<\/strong>: Th\u00e1ng 3, 4, 5 n\u0103m 2025.<\/li>\n<li><strong>Th\u00e1ng m\u00f9a v\u1ee5<\/strong>: Th\u00e1ng 7, 9, 12 n\u0103m 2025.<\/li>\n<\/ul>\n<p>Hi\u1ec3u r\u00f5 th\u00e1ng giao d\u1ecbch s\u1ebd gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0:<\/p>\n<ul>\n<li>Ch\u1ecdn th\u1eddi \u0111i\u1ec3m giao d\u1ecbch ph\u00f9 h\u1ee3p.<\/li>\n<li>Qu\u1ea3n l\u00fd r\u1ee7i ro m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3.<\/li>\n<li>T\u1ed1i \u01b0u h\u00f3a chi ph\u00ed giao d\u1ecbch.<\/li>\n<li>T\u1eadn d\u1ee5ng c\u00e1c c\u01a1 h\u1ed9i t\u1eeb th\u1ecb tr\u01b0\u1eddng.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"15_Ngay_dao_han_Expiration_Date\"><\/span>15. Ng\u00e0y \u0111\u00e1o h\u1ea1n (Expiration Date)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Trong giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai, vi\u1ec7c n\u1eafm r\u00f5 ng\u00e0y \u0111\u00e1o h\u1ea1n l\u00e0 y\u1ebfu t\u1ed1 quan tr\u1ecdng \u0111\u1ec3 x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c v\u00e0 qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3. \u0110\u00e2y l\u00e0 th\u1eddi \u0111i\u1ec3m cu\u1ed1i c\u00f9ng m\u00e0 h\u1ee3p \u0111\u1ed3ng c\u00f2n hi\u1ec7u l\u1ef1c v\u00e0 c\u1ea7n \u0111\u01b0\u1ee3c thanh to\u00e1n.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_ngay_dao_han\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a ng\u00e0y \u0111\u00e1o h\u1ea1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Y\u1ebfu t\u1ed1<\/th>\n<th colspan=\"1\" rowspan=\"1\">M\u00f4 t\u1ea3<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Th\u1eddi gian<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Th\u01b0\u1eddng l\u00e0 ng\u00e0y giao d\u1ecbch cu\u1ed1i c\u00f9ng c\u1ee7a th\u00e1ng \u0111\u00e1o h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Quy \u0111\u1ecbnh<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110\u01b0\u1ee3c quy \u0111\u1ecbnh c\u1ee5 th\u1ec3 b\u1edfi s\u00e0n giao d\u1ecbch<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>T\u00e1c \u0111\u1ed9ng<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">C\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 v\u00e0 thanh kho\u1ea3n c\u1ee7a h\u1ee3p \u0111\u1ed3ng<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>H\u00e3y c\u00f9ng \u0111i\u1ec3m qua m\u1ed9t s\u1ed1 \u0111i\u1ec1u c\u1ea7n l\u01b0u \u00fd khi g\u1ea7n \u0111\u1ebfn ng\u00e0y \u0111\u00e1o h\u1ea1n.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cac_luu_y_ve_ngay_dao_han\"><\/span>C\u00e1c l\u01b0u \u00fd v\u1ec1 ng\u00e0y \u0111\u00e1o h\u1ea1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Tr\u01b0\u1edbc ng\u00e0y \u0111\u00e1o h\u1ea1n<\/strong>:<\/p>\n<ul>\n<li>\u0110\u1ea3m b\u1ea3o t\u00e0i kho\u1ea3n c\u00f3 \u0111\u1ee7 k\u00fd qu\u1ef9 \u0111\u1ec3 tr\u00e1nh r\u1ee7i ro kh\u00f4ng mong mu\u1ed1n.<\/li>\n<li>Theo d\u00f5i s\u00e1t bi\u1ebfn \u0111\u1ed9ng gi\u00e1 \u0111\u1ec3 t\u00ecm th\u1eddi \u0111i\u1ec3m \u0111\u00f3ng v\u1ecb th\u1ebf h\u1ee3p l\u00fd.<\/li>\n<li>Xem x\u00e9t chuy\u1ec3n \u0111\u1ed5i sang h\u1ee3p \u0111\u1ed3ng ti\u1ebfp theo n\u1ebfu c\u1ea7n duy tr\u00ec v\u1ecb th\u1ebf.<\/li>\n<\/ul>\n<p><strong>V\u00e0o ng\u00e0y \u0111\u00e1o h\u1ea1n<\/strong>:<\/p>\n<ul>\n<li>Thanh to\u00e1n \u0111\u00fang h\u1ea1n v\u00e0 l\u01b0u \u00fd c\u00e1c kho\u1ea3n ph\u00ed ph\u00e1t sinh khi thanh l\u00fd.<\/li>\n<li>C\u00e1c v\u1ecb th\u1ebf kh\u00f4ng \u0111\u01b0\u1ee3c \u0111\u00f3ng s\u1ebd t\u1ef1 \u0111\u1ed9ng thanh l\u00fd theo gi\u00e1 cu\u1ed1i phi\u00ean.<\/li>\n<li>Ho\u00e0n t\u1ea5t giao d\u1ecbch tr\u01b0\u1edbc 14:45 \u0111\u1ec3 tr\u00e1nh r\u1ee7i ro kh\u00f4ng ki\u1ec3m so\u00e1t.<\/li>\n<\/ul>\n<p>Nh\u1eefng l\u01b0u \u00fd n\u00e0y s\u1ebd gi\u00fap b\u1ea1n qu\u1ea3n l\u00fd hi\u1ec7u qu\u1ea3 khi giao d\u1ecbch g\u1ea7n ng\u00e0y \u0111\u00e1o h\u1ea1n.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Chien_luoc_quan_ly_ngay_dao_han\"><\/span>Chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n l\u00fd ng\u00e0y \u0111\u00e1o h\u1ea1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Nh\u00e0 \u0111\u1ea7u t\u01b0 ng\u1eafn h\u1ea1n<\/strong>:<\/p>\n<ul>\n<li>\u0110\u00f3ng v\u1ecb th\u1ebf tr\u01b0\u1edbc ng\u00e0y \u0111\u00e1o h\u1ea1n \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro kh\u00f4ng c\u1ea7n thi\u1ebft.<\/li>\n<li>T\u1eadp trung giao d\u1ecbch c\u00e1c h\u1ee3p \u0111\u1ed3ng c\u00f3 thanh kho\u1ea3n cao \u0111\u1ec3 d\u1ec5 d\u00e0ng mua b\u00e1n.<\/li>\n<li>Theo d\u00f5i s\u00e1t sao di\u1ec5n bi\u1ebfn th\u1ecb tr\u01b0\u1eddng trong nh\u1eefng ng\u00e0y cu\u1ed1i \u0111\u1ec3 \u0111i\u1ec1u ch\u1ec9nh k\u1ecbp th\u1eddi.<\/li>\n<\/ul>\n<p><strong>Nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n<\/strong>:<\/p>\n<ul>\n<li>L\u00ean k\u1ebf ho\u1ea1ch chuy\u1ec3n \u0111\u1ed5i h\u1ee3p \u0111\u1ed3ng t\u1eeb s\u1edbm \u0111\u1ec3 tr\u00e1nh b\u1ecb \u0111\u1ed9ng.<\/li>\n<li>Duy tr\u00ec t\u1ef7 l\u1ec7 k\u00fd qu\u1ef9 an to\u00e0n \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o v\u1ecb th\u1ebf kh\u00f4ng b\u1ecb thanh l\u00fd.<\/li>\n<li>T\u00ednh to\u00e1n chi ph\u00ed chuy\u1ec3n \u0111\u1ed5i (roll-over) khi chuy\u1ec3n sang h\u1ee3p \u0111\u1ed3ng m\u1edbi \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Anh_huong_cua_ngay_dao_han\"><\/span>\u1ea2nh h\u01b0\u1edfng c\u1ee7a ng\u00e0y \u0111\u00e1o h\u1ea1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Ng\u00e0y \u0111\u00e1o h\u1ea1n th\u01b0\u1eddng mang \u0111\u1ebfn nh\u1eefng thay \u0111\u1ed5i l\u1edbn tr\u00ean th\u1ecb tr\u01b0\u1eddng, bao g\u1ed3m:<\/p>\n<ul>\n<li>Thanh kho\u1ea3n t\u0103ng m\u1ea1nh, \u0111\u1eb7c bi\u1ec7t v\u00e0o ng\u00e0y cu\u1ed1i.<\/li>\n<li>Gi\u00e1 c\u1ea3 c\u00f3 th\u1ec3 bi\u1ebfn \u0111\u1ed9ng l\u1edbn h\u01a1n so v\u1edbi b\u00ecnh th\u01b0\u1eddng.<\/li>\n<li>Spread gi\u1eefa c\u00e1c th\u00e1ng c\u00f3 th\u1ec3 thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3, g\u00e2y \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chi\u1ebfn l\u01b0\u1ee3c.<\/li>\n<li>Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch th\u01b0\u1eddng t\u1eadp trung \u1edf c\u00e1c h\u1ee3p \u0111\u1ed3ng th\u00e1ng g\u1ea7n nh\u1ea5t.<\/li>\n<\/ul>\n<p>Hi\u1ec3u r\u00f5 c\u00e1c \u1ea3nh h\u01b0\u1edfng n\u00e0y s\u1ebd gi\u00fap b\u1ea1n chu\u1ea9n b\u1ecb t\u1ed1t h\u01a1n v\u00e0 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh giao d\u1ecbch s\u00e1ng su\u1ed1t.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"16_Phuong_thuc_thanh_toan_Settlement_Method\"><\/span>16. Ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n (Settlement Method)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ph\u01b0\u01a1ng th\u1ee9c thanh to\u00e1n l\u00e0 c\u00e1ch c\u00e1c b\u00ean th\u1ef1c hi\u1ec7n ngh\u0129a v\u1ee5 khi h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai \u0111\u00e1o h\u1ea1n. C\u00f3 hai c\u00e1ch ch\u00ednh: thanh to\u00e1n b\u1eb1ng ti\u1ec1n v\u00e0 thanh to\u00e1n b\u1eb1ng h\u00e0ng.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cac_hinh_thuc_thanh_toan\"><\/span>C\u00e1c h\u00ecnh th\u1ee9c thanh to\u00e1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Ph\u01b0\u01a1ng th\u1ee9c<\/th>\n<th colspan=\"1\" rowspan=\"1\">\u0110\u1eb7c \u0111i\u1ec3m<\/th>\n<th colspan=\"1\" rowspan=\"1\">\u00c1p d\u1ee5ng<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Thanh to\u00e1n b\u1eb1ng ti\u1ec1n<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">&#8211; Ch\u00eanh l\u1ec7ch \u0111\u01b0\u1ee3c thanh to\u00e1n b\u1eb1ng ti\u1ec1n m\u1eb7t<br \/>\n&#8211; Kh\u00f4ng c\u00f3 giao nh\u1eadn h\u00e0ng h\u00f3a th\u1ef1c t\u1ebf<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u00c1p d\u1ee5ng cho h\u1ee3p \u0111\u1ed3ng ch\u1ec9 s\u1ed1, ti\u1ec1n t\u1ec7<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Thanh to\u00e1n b\u1eb1ng h\u00e0ng<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">&#8211; Giao nh\u1eadn h\u00e0ng h\u00f3a v\u1eadt ch\u1ea5t<br \/>\n&#8211; Y\u00eau c\u1ea7u kho b\u00e3i, logistics<\/td>\n<td colspan=\"1\" rowspan=\"1\">Ph\u1ed5 bi\u1ebfn v\u1edbi h\u00e0ng h\u00f3a n\u00f4ng s\u1ea3n, kim lo\u1ea1i<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Quy_trinh_thanh_toan\"><\/span>Quy tr\u00ecnh thanh to\u00e1n<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Thanh to\u00e1n b\u1eb1ng ti\u1ec1n<\/strong>:<\/p>\n<ul>\n<li>T\u00ednh to\u00e1n ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 m\u1edf v\u1ecb th\u1ebf v\u00e0 gi\u00e1 thanh to\u00e1n cu\u1ed1i c\u00f9ng.<\/li>\n<li>Th\u1ef1c hi\u1ec7n b\u00f9 tr\u1eeb t\u1ef1 \u0111\u1ed9ng qua t\u00e0i kho\u1ea3n k\u00fd qu\u1ef9.<\/li>\n<li>Ho\u00e0n tr\u1ea3 k\u00fd qu\u1ef9 sau khi ho\u00e0n t\u1ea5t thanh to\u00e1n.<\/li>\n<\/ul>\n<p><strong>Thanh to\u00e1n b\u1eb1ng h\u00e0ng<\/strong>:<\/p>\n<ul>\n<li>B\u00ean b\u00e1n chu\u1ea9n b\u1ecb h\u00e0ng h\u00f3a \u0111\u00fang quy c\u00e1ch.<\/li>\n<li>B\u00ean mua thanh to\u00e1n \u0111\u1ee7 gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng.<\/li>\n<li>Giao nh\u1eadn h\u00e0ng t\u1ea1i \u0111\u1ecba \u0111i\u1ec3m \u0111\u01b0\u1ee3c ch\u1ec9 \u0111\u1ecbnh.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Yeu_cau_ve_thoi_gian\"><\/span>Y\u00eau c\u1ea7u v\u1ec1 th\u1eddi gian<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Th\u1eddi gian thanh to\u00e1n ph\u1ea3i tu\u00e2n theo quy \u0111\u1ecbnh c\u1ee7a s\u00e0n:<\/p>\n<ul>\n<li><strong>Thanh to\u00e1n b\u1eb1ng ti\u1ec1n<\/strong>: Th\u01b0\u1eddng ho\u00e0n t\u1ea5t trong ng\u00e0y l\u00e0m vi\u1ec7c ti\u1ebfp theo sau ng\u00e0y \u0111\u00e1o h\u1ea1n.<\/li>\n<li><strong>Thanh to\u00e1n b\u1eb1ng h\u00e0ng<\/strong>: C\u00f3 th\u1ec3 k\u00e9o d\u00e0i 3-5 ng\u00e0y l\u00e0m vi\u1ec7c, t\u00f9y lo\u1ea1i h\u00e0ng h\u00f3a.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Luu_y_quan_trong-2\"><\/span>L\u01b0u \u00fd quan tr\u1ecdng<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\u0110\u1ea3m b\u1ea3o t\u00e0i kho\u1ea3n c\u00f3 \u0111\u1ee7 ti\u1ec1n ho\u1eb7c h\u00e0ng \u0111\u1ec3 th\u1ef1c hi\u1ec7n ngh\u0129a v\u1ee5 thanh to\u00e1n.<\/li>\n<li>Ki\u1ec3m tra c\u00e1c chi ph\u00ed ph\u00e1t sinh nh\u01b0 l\u01b0u kho, v\u1eadn chuy\u1ec3n.<\/li>\n<li>Theo d\u00f5i th\u00f4ng b\u00e1o t\u1eeb s\u00e0n v\u1ec1 th\u1eddi gian v\u00e0 \u0111\u1ecba \u0111i\u1ec3m giao nh\u1eadn.<\/li>\n<li>Chu\u1ea9n b\u1ecb ph\u01b0\u01a1ng \u00e1n d\u1ef1 ph\u00f2ng n\u1ebfu c\u00f3 v\u1ea5n \u0111\u1ec1 x\u1ea3y ra.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Rui_ro_can_quan_ly\"><\/span>R\u1ee7i ro c\u1ea7n qu\u1ea3n l\u00fd<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>R\u1ee7i ro thanh to\u00e1n<\/strong>: M\u1ed9t b\u00ean kh\u00f4ng th\u1ef1c hi\u1ec7n \u0111\u01b0\u1ee3c ngh\u0129a v\u1ee5.<\/li>\n<li><strong>R\u1ee7i ro ch\u1ea5t l\u01b0\u1ee3ng<\/strong>: H\u00e0ng h\u00f3a kh\u00f4ng \u0111\u1ea1t ti\u00eau chu\u1ea9n.<\/li>\n<li><strong>R\u1ee7i ro th\u1eddi gian<\/strong>: Ch\u1eadm tr\u1ec5 trong giao nh\u1eadn.<\/li>\n<li><strong>R\u1ee7i ro chi ph\u00ed<\/strong>: Ph\u00e1t sinh th\u00eam chi ph\u00ed kh\u00f4ng mong mu\u1ed1n.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"17_Co_so_Basis\"><\/span>17. C\u01a1 s\u1edf (Basis)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Basis l\u00e0 s\u1ef1 ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 giao ngay v\u00e0 gi\u00e1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai. Vi\u1ec7c n\u1eafm r\u00f5 Basis c\u00f3 th\u1ec3 gi\u00fap b\u1ea1n x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch v\u00e0 qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3 trong th\u1ecb tr\u01b0\u1eddng h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cong_thuc_tinh_Basis\"><\/span>C\u00f4ng th\u1ee9c t\u00ednh Basis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<pre><code><span class=\"hljs-title class_\">Basis<\/span> = <span class=\"hljs-title class_\">Gi<\/span>\u00e1 giao ngay - <span class=\"hljs-title class_\">Gi<\/span>\u00e1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai\r\n<br class=\"ProseMirror-trailingBreak\" \/><\/code><\/pre>\n<h3><span class=\"ez-toc-section\" id=\"Cac_trang_thai_cua_Basis\"><\/span>C\u00e1c tr\u1ea1ng th\u00e1i c\u1ee7a Basis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Tr\u1ea1ng th\u00e1i<\/th>\n<th colspan=\"1\" rowspan=\"1\">\u0110\u1eb7c \u0111i\u1ec3m<\/th>\n<th colspan=\"1\" rowspan=\"1\">\u00dd ngh\u0129a th\u1ecb tr\u01b0\u1eddng<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Basis d\u01b0\u01a1ng<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00e1 giao ngay &gt; Gi\u00e1 t\u01b0\u01a1ng lai<\/td>\n<td colspan=\"1\" rowspan=\"1\">Th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 \u0111ang thi\u1ebfu cung ng\u1eafn h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Basis \u00e2m<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00e1 giao ngay &lt; Gi\u00e1 t\u01b0\u01a1ng lai<\/td>\n<td colspan=\"1\" rowspan=\"1\">Chi ph\u00ed n\u1eafm gi\u1eef cao ho\u1eb7c k\u1ef3 v\u1ecdng gi\u00e1 t\u0103ng<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Basis = 0<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Gi\u00e1 giao ngay = Gi\u00e1 t\u01b0\u01a1ng lai<\/td>\n<td colspan=\"1\" rowspan=\"1\">Th\u1ecb tr\u01b0\u1eddng \u1edf tr\u1ea1ng th\u00e1i c\u00e2n b\u1eb1ng<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Cac_yeu_to_tac_dong_den_Basis\"><\/span>C\u00e1c y\u1ebfu t\u1ed1 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn Basis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Chi ph\u00ed n\u1eafm gi\u1eef<\/strong>: Bao g\u1ed3m chi ph\u00ed l\u01b0u kho, b\u1ea3o qu\u1ea3n, v\u00e0 l\u00e3i vay.<\/li>\n<li><strong>M\u00f9a v\u1ee5<\/strong>: \u0110\u1eb7c bi\u1ec7t quan tr\u1ecdng v\u1edbi c\u00e1c lo\u1ea1i h\u00e0ng h\u00f3a n\u00f4ng s\u1ea3n.<\/li>\n<li><strong>V\u1ecb tr\u00ed \u0111\u1ecba l\u00fd<\/strong>: \u1ea2nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed v\u1eadn chuy\u1ec3n v\u00e0 giao nh\u1eadn.<\/li>\n<li><strong>Ch\u1ea5t l\u01b0\u1ee3ng h\u00e0ng h\u00f3a<\/strong>: S\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 ti\u00eau chu\u1ea9n gi\u1eefa c\u00e1c th\u1ecb tr\u01b0\u1eddng.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Ung_dung_cua_Basis_trong_giao_dich\"><\/span>\u1ee8ng d\u1ee5ng c\u1ee7a Basis trong giao d\u1ecbch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Basis mang l\u1ea1i gi\u00e1 tr\u1ecb trong vi\u1ec7c:<\/p>\n<ul>\n<li>X\u00e1c \u0111\u1ecbnh th\u1eddi \u0111i\u1ec3m h\u1ee3p l\u00fd \u0111\u1ec3 m\u1edf ho\u1eb7c \u0111\u00f3ng v\u1ecb th\u1ebf.<\/li>\n<li>T\u00ecm ki\u1ebfm c\u01a1 h\u1ed9i kinh doanh d\u1ef1a tr\u00ean ch\u00eanh l\u1ec7ch gi\u00e1.<\/li>\n<li>D\u1ef1 b\u00e1o xu h\u01b0\u1edbng bi\u1ebfn \u0111\u1ed9ng gi\u00e1.<\/li>\n<li>Qu\u1ea3n l\u00fd r\u1ee7i ro cho danh m\u1ee5c \u0111\u1ea7u t\u01b0.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Chien_luoc_giao_dich_Basis\"><\/span>Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch Basis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Giao d\u1ecbch theo xu h\u01b0\u1edbng Basis<\/strong>: Khi Basis t\u0103ng, b\u1ea1n c\u00f3 th\u1ec3 mua h\u00e0ng h\u00f3a giao ngay v\u00e0 b\u00e1n h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro.<\/li>\n<li><strong>Giao d\u1ecbch ch\u00eanh l\u1ec7ch Basis<\/strong>: N\u1ebfu Basis \u0111\u1ea1t m\u1ee9c c\u1ef1c \u0111\u1ea1i ho\u1eb7c c\u1ef1c ti\u1ec3u, b\u1ea1n c\u00f3 th\u1ec3:\n<ul>\n<li>Ch\u1edd Basis tr\u1edf v\u1ec1 tr\u1ea1ng th\u00e1i c\u00e2n b\u1eb1ng.<\/li>\n<li>Th\u1ef1c hi\u1ec7n giao d\u1ecbch ng\u01b0\u1ee3c chi\u1ec1u tr\u00ean hai th\u1ecb tr\u01b0\u1eddng.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Luu_y_quan_trong_khi_giao_dich_Basis\"><\/span>L\u01b0u \u00fd quan tr\u1ecdng khi giao d\u1ecbch Basis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Theo d\u00f5i bi\u1ebfn \u0111\u1ed9ng Basis theo th\u1eddi gian \u0111\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh ch\u00ednh x\u00e1c.<\/li>\n<li>Xem x\u00e9t c\u00e1c y\u1ebfu t\u1ed1 m\u00f9a v\u1ee5 v\u00e0 \u0111\u1eb7c \u0111i\u1ec3m ri\u00eang c\u1ee7a ng\u00e0nh h\u00e0ng.<\/li>\n<li>T\u00ednh to\u00e1n k\u1ef9 chi ph\u00ed giao d\u1ecbch \u1edf c\u1ea3 hai th\u1ecb tr\u01b0\u1eddng.<\/li>\n<li>\u0110\u00e1nh gi\u00e1 m\u1ee9c thanh kho\u1ea3n c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o hi\u1ec7u qu\u1ea3 giao d\u1ecbch.<\/li>\n<\/ul>\n<p>Ti\u1ebfp theo, ch\u00fang ta s\u1ebd kh\u00e1m ph\u00e1 v\u1ec1 ch\u00eanh l\u1ec7ch gi\u00e1 trong h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"18_Chenh_lech_gia_Spread\"><\/span>18. Ch\u00eanh l\u1ec7ch gi\u00e1 (Spread)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Khi \u0111\u00e3 n\u1eafm v\u1eefng c\u00e1c y\u1ebfu t\u1ed1 \u0111\u1ecbnh gi\u00e1, ch\u00fang ta s\u1ebd t\u00ecm hi\u1ec3u v\u1ec1 ch\u00eanh l\u1ec7ch gi\u00e1 &#8211; m\u1ed9t y\u1ebfu t\u1ed1 quan tr\u1ecdng trong giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai. Ch\u00eanh l\u1ec7ch gi\u00e1 l\u00e0 s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa gi\u00e1 c\u1ee7a hai h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai c\u00f3 \u0111\u1eb7c \u0111i\u1ec3m kh\u00e1c nhau.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cac_loai_chenh_lech_gia_pho_bien\"><\/span>C\u00e1c lo\u1ea1i ch\u00eanh l\u1ec7ch gi\u00e1 ph\u1ed5 bi\u1ebfn<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>D\u01b0\u1edbi \u0111\u00e2y l\u00e0 m\u1ed9t s\u1ed1 lo\u1ea1i ch\u00eanh l\u1ec7ch gi\u00e1 th\u01b0\u1eddng g\u1eb7p v\u00e0 c\u00e1ch \u00e1p d\u1ee5ng ch\u00fang:<\/p>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Lo\u1ea1i spread<\/th>\n<th colspan=\"1\" rowspan=\"1\">M\u00f4 t\u1ea3<\/th>\n<th colspan=\"1\" rowspan=\"1\">M\u1ee5c \u0111\u00edch<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Calendar spread<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Ch\u00eanh l\u1ec7ch gi\u1eefa c\u00e1c h\u1ee3p \u0111\u1ed3ng c\u00f9ng lo\u1ea1i nh\u01b0ng kh\u00e1c th\u00e1ng \u0111\u00e1o h\u1ea1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u1eadn d\u1ee5ng bi\u1ebfn \u0111\u1ed9ng gi\u00e1 theo m\u00f9a<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Inter-commodity spread<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Ch\u00eanh l\u1ec7ch gi\u1eefa c\u00e1c h\u1ee3p \u0111\u1ed3ng c\u1ee7a c\u00e1c lo\u1ea1i h\u00e0ng h\u00f3a c\u00f3 li\u00ean h\u1ec7<\/td>\n<td colspan=\"1\" rowspan=\"1\">\u0110a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Quality spread<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Ch\u00eanh l\u1ec7ch gi\u1eefa c\u00e1c h\u1ee3p \u0111\u1ed3ng c\u00f9ng lo\u1ea1i h\u00e0ng h\u00f3a nh\u01b0ng kh\u00e1c ch\u1ea5t l\u01b0\u1ee3ng<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u1ed1i \u01b0u chi ph\u00ed giao d\u1ecbch<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Dac_diem_cua_giao_dich_spread\"><\/span>\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a giao d\u1ecbch spread<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Gi\u1ea3m r\u1ee7i ro<\/strong> nh\u1edd m\u1edf v\u1ecb th\u1ebf ng\u01b0\u1ee3c chi\u1ec1u.<\/li>\n<li><strong>Chi ph\u00ed k\u00fd qu\u1ef9 th\u1ea5p<\/strong> do r\u1ee7i ro \u0111\u01b0\u1ee3c gi\u1ea3m thi\u1ec3u.<\/li>\n<li><strong>Bi\u1ebfn \u0111\u1ed9ng \u1ed5n \u0111\u1ecbnh<\/strong> h\u01a1n so v\u1edbi giao d\u1ecbch t\u1eebng h\u1ee3p \u0111\u1ed3ng ri\u00eang l\u1ebb.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Chien_luoc_giao_dich_spread\"><\/span>Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch spread<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Giao d\u1ecbch theo m\u00f9a v\u1ee5<\/strong>: S\u1eed d\u1ee5ng calendar spread tr\u00ean th\u1ecb tr\u01b0\u1eddng n\u00f4ng s\u1ea3n \u0111\u1ec3 khai th\u00e1c bi\u1ebfn \u0111\u1ed9ng gi\u00e1 theo chu k\u1ef3.<\/li>\n<li><strong>Giao d\u1ecbch ch\u00eanh l\u1ec7ch ch\u1ea5t l\u01b0\u1ee3ng<\/strong>: T\u1eadp trung v\u00e0o s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa c\u00e1c c\u1ea5p ch\u1ea5t l\u01b0\u1ee3ng, \u0111\u1eb7c bi\u1ec7t ph\u1ed5 bi\u1ebfn tr\u00ean th\u1ecb tr\u01b0\u1eddng d\u1ea7u th\u00f4.<\/li>\n<li><strong>Giao d\u1ecbch t\u01b0\u01a1ng quan<\/strong>: T\u1eadn d\u1ee5ng m\u1ed1i li\u00ean h\u1ec7 gi\u1eefa c\u00e1c lo\u1ea1i h\u00e0ng h\u00f3a, ch\u1eb3ng h\u1ea1n nh\u01b0 ch\u00eanh l\u1ec7ch gi\u00e1 gi\u1eefa x\u0103ng v\u00e0 d\u1ea7u th\u00f4.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Quan_ly_rui_ro_trong_giao_dich_spread\"><\/span>Qu\u1ea3n l\u00fd r\u1ee7i ro trong giao d\u1ecbch spread<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u0110\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3, c\u1ea7n ch\u00fa \u00fd c\u00e1c y\u1ebfu t\u1ed1 sau:<\/p>\n<ul>\n<li>Ki\u1ec3m so\u00e1t m\u1ee9c \u0111\u1ed9 t\u01b0\u01a1ng quan gi\u1eefa c\u00e1c h\u1ee3p \u0111\u1ed3ng.<\/li>\n<li>Duy tr\u00ec thanh kho\u1ea3n cho c\u1ea3 hai v\u1ecb th\u1ebf.<\/li>\n<li>Thi\u1ebft l\u1eadp gi\u1edbi h\u1ea1n thua l\u1ed7 (stop-loss) h\u1ee3p l\u00fd.<\/li>\n<li>T\u00ednh to\u00e1n k\u1ef9 l\u01b0\u1ee1ng c\u00e1c chi ph\u00ed giao d\u1ecbch.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cac_yeu_to_anh_huong_den_spread\"><\/span>C\u00e1c y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn spread<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>M\u1ed9t s\u1ed1 y\u1ebfu t\u1ed1 ch\u00ednh c\u00f3 th\u1ec3 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn ch\u00eanh l\u1ec7ch gi\u00e1 g\u1ed3m:<\/p>\n<ul>\n<li>Cung c\u1ea7u tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/li>\n<li>Y\u1ebfu t\u1ed1 m\u00f9a v\u1ee5.<\/li>\n<li>Chi ph\u00ed l\u01b0u kho.<\/li>\n<li>C\u00e1c ch\u00ednh s\u00e1ch kinh t\u1ebf v\u0129 m\u00f4.<\/li>\n<\/ul>\n<p>Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0y kh\u00f4ng ch\u1ec9 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u00e1ch giao d\u1ecbch m\u00e0 c\u00f2n gi\u00fap \u0111\u1ecbnh h\u00ecnh chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n l\u00fd ch\u00eanh l\u1ec7ch gi\u00e1 hi\u1ec7u qu\u1ea3.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Buoc_Tiep_Theo\"><\/span>B\u01b0\u1edbc Ti\u1ebfp Theo<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>D\u01b0\u1edbi \u0111\u00e2y l\u00e0 c\u00e1c b\u01b0\u1edbc c\u1ee5 th\u1ec3 \u0111\u1ec3 chuy\u1ec3n \u0111\u1ed5i ki\u1ebfn th\u1ee9c th\u00e0nh chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch hi\u1ec7u qu\u1ea3.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Xay_dung_chien_luoc\"><\/span>1. X\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Y\u1ebfu t\u1ed1<\/th>\n<th colspan=\"1\" rowspan=\"1\">C\u00e1ch \u00e1p d\u1ee5ng<\/th>\n<th colspan=\"1\" rowspan=\"1\">M\u1ee5c ti\u00eau<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Ph\u00e2n t\u00edch th\u1ecb tr\u01b0\u1eddng<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Theo d\u00f5i gi\u00e1 giao ngay v\u00e0 gi\u00e1 k\u1ef3 h\u1ea1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">X\u00e1c \u0111\u1ecbnh c\u01a1 h\u1ed9i giao d\u1ecbch ch\u00eanh l\u1ec7ch gi\u00e1<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Qu\u1ea3n l\u00fd r\u1ee7i ro<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u00ednh to\u00e1n t\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y v\u00e0 k\u00fd qu\u1ef9 h\u1ee3p l\u00fd<\/td>\n<td colspan=\"1\" rowspan=\"1\">B\u1ea3o v\u1ec7 ngu\u1ed3n v\u1ed1n \u0111\u1ea7u t\u01b0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Qu\u1ea3n l\u00fd v\u1ecb th\u1ebf<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">K\u1ebft h\u1ee3p v\u1ecb th\u1ebf mua v\u00e0 b\u00e1n<\/td>\n<td colspan=\"1\" rowspan=\"1\">T\u1ed1i \u01b0u h\u00f3a l\u1ee3i nhu\u1eadn<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"2_Ap_Dung_Kien_Thuc_Vao_Thuc_Te\"><\/span>2. \u00c1p D\u1ee5ng Ki\u1ebfn Th\u1ee9c V\u00e0o Th\u1ef1c T\u1ebf<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>V\u1ec1 k\u1ef9 thu\u1eadt giao d\u1ecbch:<\/strong><\/p>\n<ul>\n<li>S\u1eed d\u1ee5ng c\u00e1c l\u1ec7nh ph\u00f9 h\u1ee3p v\u1edbi bi\u1ebfn \u0111\u1ed9ng gi\u00e1.<\/li>\n<li>Theo d\u00f5i bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng \u0111\u1ec3 \u0111\u1eb7t l\u1ec7nh ch\u00ednh x\u00e1c.<\/li>\n<li>L\u1ef1a ch\u1ecdn k\u00edch th\u01b0\u1edbc h\u1ee3p \u0111\u1ed3ng ph\u00f9 h\u1ee3p v\u1edbi kh\u1ea3 n\u0103ng t\u00e0i ch\u00ednh.<\/li>\n<\/ul>\n<p><strong>V\u1ec1 qu\u1ea3n l\u00fd danh m\u1ee5c \u0111\u1ea7u t\u01b0:<\/strong><\/p>\n<ul>\n<li>\u0110a d\u1ea1ng h\u00f3a t\u00e0i s\u1ea3n \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro.<\/li>\n<li>L\u1ef1a ch\u1ecdn th\u00e1ng giao d\u1ecbch v\u00e0 ng\u00e0y \u0111\u00e1o h\u1ea1n ph\u00f9 h\u1ee3p v\u1edbi k\u1ebf ho\u1ea1ch.<\/li>\n<li>\u00c1p d\u1ee5ng th\u00f4ng tin \u0111\u00e3 h\u1ecdc \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a hi\u1ec7u qu\u1ea3 giao d\u1ecbch.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"3_Phat_Trien_Ky_Nang_Giao_Dich\"><\/span>3. Ph\u00e1t Tri\u1ec3n K\u1ef9 N\u0103ng Giao D\u1ecbch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Th\u1ef1c h\u00e0nh demo:<\/strong> S\u1eed d\u1ee5ng t\u00e0i kho\u1ea3n demo \u0111\u1ec3 l\u00e0m quen v\u1edbi c\u00e1c c\u00f4ng c\u1ee5 v\u00e0 thao t\u00e1c giao d\u1ecbch.<\/li>\n<li><strong>C\u1eadp nh\u1eadt th\u00f4ng tin:<\/strong> Theo d\u00f5i th\u1ecb tr\u01b0\u1eddng t\u1eeb c\u00e1c ngu\u1ed3n tin \u0111\u00e1ng tin c\u1eady.<\/li>\n<li><strong>Ghi ch\u00e9p giao d\u1ecbch:<\/strong> L\u01b0u l\u1ea1i nh\u1eadt k\u00fd giao d\u1ecbch \u0111\u1ec3 ph\u00e2n t\u00edch v\u00e0 c\u1ea3i thi\u1ec7n.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"4_Toi_Uu_Hoa_Quy_Trinh\"><\/span>4. T\u1ed1i \u01afu H\u00f3a Quy Tr\u00ecnh<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Thi\u1ebft l\u1eadp gi\u1edbi h\u1ea1n r\u1ee7i ro v\u00e0 \u0111\u00e1nh gi\u00e1 \u0111\u1ecbnh k\u1ef3 \u0111\u1ec3 \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c khi c\u1ea7n.<\/li>\n<li>X\u00e1c \u0111\u1ecbnh r\u00f5 \u0111i\u1ec3m v\u00e0o l\u1ec7nh v\u00e0 \u0111i\u1ec3m tho\u00e1t l\u1ec7nh tr\u01b0\u1edbc khi giao d\u1ecbch.<\/li>\n<\/ul>\n<p>V\u1edbi s\u1ef1 h\u1ed7 tr\u1ee3 t\u1eeb n\u1ec1n t\u1ea3ng qu\u1ea3n l\u00fd t\u00e0i ch\u00ednh Infina (https:\/\/infina.vn), b\u1ea1n c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng \u00e1p d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch \u0111\u00e3 h\u1ecdc v\u00e0o qu\u1ea3n l\u00fd d\u00f2ng ti\u1ec1n c\u00e1 nh\u00e2n. Infina gi\u00fap t\u1ed1i \u01b0u h\u00f3a t\u00e0i ch\u00ednh, t\u0103ng l\u1ee3i nhu\u1eadn t\u1eeb qu\u1ef9 d\u1ef1 ph\u00f2ng, thu nh\u1eadp, doanh thu kinh doanh v\u00e0 ti\u1ec1n nh\u00e0n r\u1ed7i.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>H&#7907;p &#273;&#7891;ng t&#432;&#417;ng lai l&agrave; c&ocirc;ng c&#7909; t&agrave;i ch&iacute;nh gi&uacute;p b&#7841;n mua ho&#7863;c b&aacute;n t&agrave;i s&#7843;n v&#7899;i gi&aacute; x&aacute;c &#273;&#7883;nh tr&#432;&#7899;c t&#7841;i m&#7897;t th&#7901;i &#273;i&#7875;m trong t&#432;&#417;ng lai. &#272;&#7875; giao d&#7883;ch hi&#7879;u qu&#7843;, b&#7841;n c&#7847;n n&#7855;m v&#7919;ng 18 thu&#7853;t ng&#7919; c&#417; b&#7843;n sau: H&#7907;p &#273;&#7891;ng t&#432;&#417;ng lai (Futures Contract): Th&#7887;a thu&#7853;n mua\/b&aacute;n t&agrave;i s&#7843;n t&#7841;i [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":26402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1318],"tags":[],"class_list":{"0":"post-26393","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-kien-thuc-tai-chinh","8":"category-thuat-ngu-tai-chinh-infina"},"_links":{"self":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/posts\/26393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/comments?post=26393"}],"version-history":[{"count":0,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/posts\/26393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media\/26402"}],"wp:attachment":[{"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/media?parent=26393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/categories?post=26393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infina.vn\/blog\/wp-json\/wp\/v2\/tags?post=26393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}