{"id":10824,"date":"2026-08-04T17:51:57","date_gmt":"2026-08-04T09:51:57","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=10824"},"modified":"2026-08-04T17:52:05","modified_gmt":"2026-08-04T09:52:05","slug":"wmax%e8%b4%b5%e9%87%91%e5%b1%9e%e4%ba%a4%e6%98%93%e5%b9%b3%e5%8f%b0%ef%bc%9a%e5%90%88%e7%ba%a6%e8%a7%84%e6%a0%bc%e4%b8%8e%e9%a3%8e%e9%99%a9%e7%ae%a1%e7%90%86%e5%8a%9f%e8%83%bd%e8%a7%a3%e6%9e%90","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/10824","title":{"rendered":"N\u1ec1n t\u1ea3ng giao d\u1ecbch kim lo\u1ea1i qu\u00fd WMAX: ph\u00e2n t\u00edch th\u00f4ng s\u1ed1 k\u1ef9 thu\u1eadt h\u1ee3p \u0111\u1ed3ng v\u00e0 ch\u1ee9c n\u0103ng qu\u1ea3n l\u00fd r\u1ee7i ro"},"content":{"rendered":"

\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi tham gia giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng ch\u00eanh l\u1ec7ch v\u00e0ng v\u00e0 b\u1ea1c (CFD), vi\u1ec7c hi\u1ec3u c\u00e1c th\u00f4ng s\u1ed1 k\u1ef9 thu\u1eadt c\u1ee7a h\u1ee3p \u0111\u1ed3ng, c\u01a1 ch\u1ebf \u0111\u00f2n b\u1ea9y v\u00e0 c\u00f4ng c\u1ee5 qu\u1ea3n l\u00fd r\u1ee7i ro c\u1ee7a c\u00e1c lo\u1ea1i giao d\u1ecbch l\u00e0 b\u01b0\u1edbc \u0111\u1ea7u ti\u00ean trong vi\u1ec7c thi\u1ebft l\u1eadp ki\u1ebfn \u200b\u200bth\u1ee9c giao d\u1ecbch c\u00f3 h\u1ec7 th\u1ed1ng. B\u00e0i vi\u1ebft n\u00e0y s\u1ebd b\u1eaft \u0111\u1ea7u t\u1eeb nh\u1eefng kh\u00e1i ni\u1ec7m c\u01a1 b\u1ea3n v\u1ec1 giao d\u1ecbch CFD kim lo\u1ea1i qu\u00fd, k\u1ebft h\u1ee3p v\u1edbi thi\u1ebft k\u1ebf ch\u1ee9c n\u0103ng c\u1ee7a n\u1ec1n t\u1ea3ng WMAX, nh\u1eb1m gi\u00fap c\u00e1c nh\u00e0 giao d\u1ecbch thi\u1ebft l\u1eadp khung ki\u1ebfn \u200b\u200bth\u1ee9c r\u00f5 r\u00e0ng.<\/p>\n

1. Giao d\u1ecbch CFD kim lo\u1ea1i qu\u00fd: kh\u00f4ng n\u1eafm gi\u1eef v\u1eadt th\u1ec3, ch\u1ec9 giao d\u1ecbch gi\u00e1<\/p>\n

CFD l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh ph\u00e1i sinh cho ph\u00e9p c\u00e1c nh\u00e0 giao d\u1ecbch ki\u1ebfm l\u1ee3i nhu\u1eadn b\u1eb1ng c\u00e1ch d\u1ef1 \u0111o\u00e1n s\u1ef1 t\u0103ng gi\u1ea3m c\u1ee7a gi\u00e1 t\u00e0i s\u1ea3n m\u00e0 kh\u00f4ng th\u1ef1c s\u1ef1 n\u1eafm gi\u1eef t\u00e0i s\u1ea3n \u0111\u00f3. L\u1ea5y v\u00e0ng l\u00e0m v\u00ed d\u1ee5. Khi b\u1ea1n giao d\u1ecbch CFD v\u00e0ng, b\u1ea1n kh\u00f4ng s\u1edf h\u1eefu v\u00e0ng mi\u1ebfng v\u1eadt ch\u1ea5t m\u00e0 k\u00fd th\u1ecfa thu\u1eadn thanh to\u00e1n ch\u00eanh l\u1ec7ch v\u1edbi n\u1ec1n t\u1ea3ng giao d\u1ecbch - ghi l\u1ea1i gi\u00e1 v\u00e0o l\u1ec7nh khi m\u1edf m\u1ed9t v\u1ecb th\u1ebf v\u00e0 tr\u1ef1c ti\u1ebfp gi\u1ea3i quy\u1ebft l\u00e3i l\u1ed7 b\u1eb1ng c\u00e1ch so s\u00e1nh ch\u00eanh l\u1ec7ch gi\u1eefa hai gi\u00e1 khi \u0111\u00f3ng v\u1ecb th\u1ebf. Kh\u00f4ng c\u00f3 s\u1ef1 ph\u00e2n ph\u1ed1i t\u00e0i s\u1ea3n v\u1eadt ch\u1ea5t n\u00e0o x\u1ea3y ra trong su\u1ed1t qu\u00e1 tr\u00ecnh. M\u00f4 h\u00ecnh \"t\u00e0i s\u1ea3n nh\u1eb9\" n\u00e0y v\u1ec1 c\u01a1 b\u1ea3n l\u00e0m gi\u1ea3m ng\u01b0\u1ee1ng v\u1ed1n \u0111\u1ea7u v\u00e0o.<\/p>\n

So v\u1edbi c\u00e1c ph\u01b0\u01a1ng th\u1ee9c \u0111\u1ea7u t\u01b0 truy\u1ec1n th\u1ed1ng, l\u1ee3i th\u1ebf c\u1ee7a giao d\u1ecbch CFD \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n \u1edf nhi\u1ec1u kh\u00eda c\u1ea1nh: kh\u00f4ng c\u1ea7n ph\u1ea3i giao d\u1ecbch, v\u1eadn chuy\u1ec3n ho\u1eb7c l\u01b0u tr\u1eef kim lo\u1ea1i qu\u00fd v\u1eadt ch\u1ea5t; n\u00f3 h\u1ed7 tr\u1ee3 giao d\u1ecbch hai chi\u1ec1u - b\u1ea1n c\u00f3 th\u1ec3 mua khi gi\u00e1 t\u0103ng ho\u1eb7c b\u00e1n khi gi\u00e1 d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd gi\u1ea3m; s\u1eed d\u1ee5ng thanh to\u00e1n b\u1eb1ng ti\u1ec1n m\u1eb7t n\u00ean l\u00e3i l\u1ed7 ph\u1ee5 thu\u1ed9c ho\u00e0n to\u00e0n v\u00e0o ch\u00eanh l\u1ec7ch gi\u00e1 gi\u1eefa gi\u00e1 m\u1edf c\u1eeda v\u00e0 gi\u00e1 \u0111\u00f3ng c\u1eeda. Tuy nhi\u00ean, c\u1ea7n ph\u1ea3i l\u00e0m r\u00f5 r\u1eb1ng giao d\u1ecbch CFD ch\u1ec9 ph\u00f9 h\u1ee3p v\u1edbi tr\u00f2 ch\u01a1i gi\u00e1 ng\u1eafn h\u1ea1n v\u00e0 kh\u00f4ng th\u1ec3 thu \u0111\u01b0\u1ee3c c\u1ed5 t\u1ee9c c\u1ee7a c\u1ed5 \u0111\u00f4ng ho\u1eb7c quy\u1ec1n giao h\u00e0ng v\u1eadt ch\u1ea5t t\u01b0\u01a1ng \u1ee9ng v\u1edbi t\u00e0i s\u1ea3n v\u1eadt ch\u1ea5t.<\/p>\n

N\u1ec1n t\u1ea3ng WMAX bao g\u1ed3m b\u1ed1n lo\u1ea1i kim lo\u1ea1i qu\u00fd ch\u00ednh l\u00e0 v\u00e0ng giao ngay, b\u1ea1c, b\u1ea1ch kim v\u00e0 palladium. Trong giao di\u1ec7n giao d\u1ecbch, c\u00e1c th\u00f4ng s\u1ed1 h\u1ee3p \u0111\u1ed3ng c\u1ee7a t\u1eebng lo\u1ea1i \u0111\u01b0\u1ee3c \u0111\u00e1nh d\u1ea5u r\u00f5 r\u00e0ng - v\u00ed d\u1ee5: 1 l\u00f4 v\u00e0ng th\u01b0\u1eddng \u0111\u1ea1i di\u1ec7n cho 100 troy ounce - \u0111\u1ec3 gi\u00fap c\u00e1c nh\u00e0 giao d\u1ecbch thi\u1ebft l\u1eadp c\u1ea3m gi\u00e1c tr\u1ef1c quan v\u1ec1 quy m\u00f4 giao d\u1ecbch tr\u01b0\u1edbc khi \u0111\u1eb7t l\u1ec7nh v\u00e0 tr\u00e1nh g\u1eb7p r\u1ee7i ro qu\u00e1 m\u1ee9c do hi\u1ec3u sai c\u00e1c th\u00f4ng s\u1ed1 k\u1ef9 thu\u1eadt c\u1ee7a h\u1ee3p \u0111\u1ed3ng.<\/p>\n

2. \u0110\u00f2n b\u1ea9y v\u00e0 k\u00fd qu\u1ef9: hi\u1ec3u r\u00f5 ranh gi\u1edbi c\u1ee7a hi\u1ec7u qu\u1ea3 s\u1eed d\u1ee5ng v\u1ed1n<\/p>\n

\u0110\u00f2n b\u1ea9y l\u00e0 m\u1ed9t trong nh\u1eefng c\u01a1 ch\u1ebf c\u1ed1t l\u00f5i trong giao d\u1ecbch CFD kim lo\u1ea1i qu\u00fd. Nguy\u00ean t\u1eafc l\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ec9 c\u1ea7n \u0111\u1ea7u t\u01b0 m\u1ed9t ph\u1ea7n nh\u1ecf ti\u1ec1n c\u1ee7a m\u00ecnh l\u00e0m ti\u1ec1n k\u00fd qu\u1ef9 \u0111\u1ec3 ki\u1ec3m so\u00e1t m\u1ed9t v\u1ecb th\u1ebf l\u1edbn h\u01a1n nhi\u1ec1u so v\u1edbi ti\u1ec1n g\u1ed1c. V\u00ed d\u1ee5: v\u1edbi \u0111\u00f2n b\u1ea9y 100 l\u1ea7n, t\u00e0i kho\u1ea3n 10.000 USD c\u00f3 th\u1ec3 ki\u1ec3m so\u00e1t gi\u00e1 tr\u1ecb danh ngh\u0129a l\u00e0 1 tri\u1ec7u USD. C\u01a1 ch\u1ebf n\u00e0y ph\u00e1 v\u1ee1 c\u00e1c h\u1ea1n ch\u1ebf v\u1ec1 ng\u01b0\u1ee1ng v\u1ed1n c\u1ee7a t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng v\u00e0 cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eeba v\u00e0 nh\u1ecf tham gia v\u00e0o tr\u00f2 ch\u01a1i th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u.<\/p>\n

Tuy nhi\u00ean, b\u1ea3n ch\u1ea5t c\u1ee7a \u0111\u00f2n b\u1ea9y l\u00e0 v\u1ed1n vay, \u0111\u1ed3ng th\u1eddi khu\u1ebfch \u0111\u1ea1i t\u1ef7 l\u1ec7 l\u00e3i v\u00e0 l\u1ed7. D\u1eef li\u1ec7u th\u1ef1c nghi\u1ec7m c\u1ee7a WMAX cho th\u1ea5y v\u00f2ng \u0111\u1eddi trung b\u00ecnh c\u1ee7a c\u00e1c t\u00e0i kho\u1ea3n c\u00f3 \u0111\u00f2n b\u1ea9y cao ch\u1ec9 b\u1eb1ng 1\/4 so v\u1edbi t\u00e0i kho\u1ea3n th\u00f4ng th\u01b0\u1eddng. L\u00fd do ch\u00ednh l\u00e0 hi\u1ec7u \u1ee9ng t\u00edch l\u0169y c\u1ee7a chi ph\u00ed giao d\u1ecbch (ch\u00eanh l\u1ec7ch, hoa h\u1ed3ng) v\u00e0 tr\u01b0\u1ee3t gi\u00e1 theo \u0111\u00f2n b\u1ea9y b\u1ecb b\u1ecf qua. WMAX khuy\u1ebfn ngh\u1ecb r\u1eb1ng \u0111\u00f2n b\u1ea9y n\u00ean \u0111\u01b0\u1ee3c coi l\u00e0 \"y\u1ebfu t\u1ed1 r\u1ee7i ro\" thay v\u00ec \"c\u00f4ng c\u1ee5 t\u0103ng t\u1ed1c doanh thu\" - khi ch\u1ecdn b\u1ed9i s\u1ed1 \u0111\u00f2n b\u1ea9y, vi\u1ec7c ph\u00e1i sinh ng\u01b0\u1ee3c ph\u1ea3i \u0111\u01b0\u1ee3c ti\u1ebfn h\u00e0nh d\u1ef1a tr\u00ean m\u1ee9c \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng trung b\u00ecnh h\u00e0ng ng\u00e0y c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 b\u1ea3n v\u00e0 kho\u1ea3ng c\u00e1ch d\u1eebng l\u1ed7 c\u1ee7a ch\u00ednh n\u00f3.<\/p>\n

WMAX \u00e1p d\u1ee5ng c\u01a1 ch\u1ebf th\u00edch \u1ee9ng \u0111\u00f2n b\u1ea9y ph\u00e2n c\u1ea5p v\u00e0 \u0111\u1eb7t ra c\u00e1c y\u00eau c\u1ea7u k\u00fd qu\u1ef9 kh\u00e1c nhau cho c\u00e1c lo\u1ea1i kh\u00e1c nhau. L\u1ea5y v\u00e0ng l\u00e0m v\u00ed d\u1ee5, n\u1ec1n t\u1ea3ng n\u00e0y \u0111\u1eb7t ra t\u1ef7 l\u1ec7 k\u00fd qu\u1ef9 t\u01b0\u01a1ng \u1ee9ng, nh\u1eb1m m\u1ee5c \u0111\u00edch khu\u1ebfch \u0111\u1ea1i vi\u1ec7c s\u1eed d\u1ee5ng v\u1ed1n \u0111\u1ed3ng th\u1eddi gi\u00fap ng\u01b0\u1eddi d\u00f9ng qu\u1ea3n l\u00fd r\u1ee7i ro th\u00f4ng qua gi\u00e1m s\u00e1t r\u1ee7i ro theo th\u1eddi gian th\u1ef1c. N\u1ec1n t\u1ea3ng n\u00e0y nghi\u00eam c\u1ea5m vi\u1ec7c m\u1edf r\u1ed9ng \u0111\u00f2n b\u1ea9y m\u1ed9t c\u00e1ch c\u00f3 \u00e1c \u00fd trong c\u00e1c s\u1ef1 ki\u1ec7n r\u1ee7i ro l\u1edbn nh\u01b0 c\u00e1c quy\u1ebft \u0111\u1ecbnh v\u1ec1 l\u00e3i su\u1ea5t v\u00e0 phi n\u00f4ng nghi\u1ec7p, \u0111\u1ed3ng th\u1eddi h\u1ea1n ch\u1ebf r\u1ee7i ro thanh l\u00fd do l\u1ea1m d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u1ea1i ngu\u1ed3n.<\/p>\n

3. Giao d\u1ecbch hai chi\u1ec1u: logic m\u1ecdi th\u1eddi ti\u1ebft trong tr\u00f2 ch\u01a1i d\u00e0i h\u1ea1n<\/p>\n

Kh\u00e1c v\u1edbi m\u00f4 h\u00ecnh l\u1ee3i nhu\u1eadn m\u1ed9t chi\u1ec1u \u201cmua th\u1ea5p, b\u00e1n cao\u201d tr\u00ean th\u1ecb tr\u01b0\u1eddng truy\u1ec1n th\u1ed1ng, c\u01a1 ch\u1ebf giao d\u1ecbch hai chi\u1ec1u mang \u0111\u1ebfn cho nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u1ea3 n\u0103ng ki\u1ebfm l\u1eddi trong m\u1ecdi t\u00ecnh hu\u1ed1ng th\u1ecb tr\u01b0\u1eddng. Khi mua, b\u1ea1n l\u1ea1c quan v\u1ec1 th\u1ecb tr\u01b0\u1eddng. N\u1ebfu b\u1ea1n d\u1ef1 \u0111o\u00e1n r\u1eb1ng gi\u00e1 s\u1ebd t\u0103ng trong t\u01b0\u01a1ng lai, b\u1ea1n s\u1ebd m\u1edf m\u1ed9t v\u1ecb th\u1ebf mua tr\u01b0\u1edbc, sau \u0111\u00f3 \u0111\u00f3ng v\u1ecb th\u1ebf sau khi gi\u00e1 t\u0103ng. Khi b\u00e1n kh\u1ed1ng, b\u1ea1n \u0111ang c\u00f3 quan \u0111i\u1ec3m gi\u1ea3m gi\u00e1 v\u1ec1 th\u1ecb tr\u01b0\u1eddng. Khi b\u1ea1n d\u1ef1 \u0111o\u00e1n gi\u00e1 s\u1ebd gi\u1ea3m, b\u1ea1n s\u1ebd m\u1edf m\u1ed9t v\u1ecb th\u1ebf b\u00e1n tr\u01b0\u1edbc, sau \u0111\u00f3 \u0111\u00f3ng v\u1ecb th\u1ebf sau khi gi\u00e1 gi\u1ea3m.<\/p>\n

Gi\u00e1 tr\u1ecb c\u1ed1t l\u00f5i c\u1ee7a giao d\u1ecbch hai chi\u1ec1u n\u1eb1m \u1edf vi\u1ec7c ph\u00f2ng ng\u1eeba r\u1ee7i ro h\u1ec7 th\u1ed1ng theo m\u1ed9t h\u01b0\u1edbng. Khi m\u1ed9t s\u1ea3n ph\u1ea9m nh\u1ea5t \u0111\u1ecbnh b\u01b0\u1edbc v\u00e0o th\u1ecb tr\u01b0\u1eddng gi\u00e1 xu\u1ed1ng, c\u01a1 ch\u1ebf b\u00e1n kh\u1ed1ng s\u1ebd cung c\u1ea5p cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1ed9t con \u0111\u01b0\u1eddng \u0111\u1ec3 c\u00f9ng t\u1ed3n t\u1ea1i r\u1ee7i ro v\u00e0 l\u1ee3i nhu\u1eadn. Hi\u1ec3u giao d\u1ecbch hai chi\u1ec1u c\u00f3 ngh\u0129a l\u00e0 c\u00e1c nh\u00e0 giao d\u1ecbch ph\u1ea3i tho\u00e1t kh\u1ecfi qu\u00e1n t\u00ednh tinh th\u1ea7n \"t\u00ecm ki\u1ebfm c\u01a1 h\u1ed9i gia t\u0103ng\" v\u00e0 chuy\u1ec3n sang \"t\u00ecm ki\u1ebfm xu h\u01b0\u1edbng gi\u00e1\" - b\u1ea5t k\u1ec3 n\u00f3 t\u0103ng hay gi\u1ea3m, mi\u1ec5n l\u00e0 c\u00f3 bi\u1ebfn \u0111\u1ed9ng, v\u1eabn c\u00f3 ch\u1ed7 cho l\u1ee3i nhu\u1eadn.<\/p>\n

WMAX h\u1ed7 tr\u1ee3 \u0111\u1ea7y \u0111\u1ee7 vi\u1ec7c chuy\u1ec3n \u0111\u1ed5i t\u1ef1 do gi\u1eefa c\u00e1c h\u01b0\u1edbng d\u00e0i v\u00e0 ng\u1eafn. N\u1ec1n t\u1ea3ng thi\u1ebft l\u1eadp b\u1ea3ng hi\u1ec3n th\u1ecb l\u00e3i l\u1ed7 \u0111\u1ed9c l\u1eadp cho c\u00e1c v\u1ecb th\u1ebf mua v\u00e0 b\u00e1n, ph\u00e2n bi\u1ec7t l\u00e3i v\u00e0 l\u1ed7 ch\u01b0a th\u1ef1c hi\u1ec7n c\u1ee7a c\u00e1c v\u1ecb th\u1ebf mua v\u00e0 b\u00e1n theo th\u1eddi gian th\u1ef1c, gi\u00fap nh\u00e0 giao d\u1ecbch ph\u00e2n bi\u1ec7t r\u00f5 r\u00e0ng tr\u1ea1ng th\u00e1i v\u1ecb th\u1ebf c\u1ee7a hai lo\u1ea1i v\u1ecb th\u1ebf. N\u1ec1n t\u1ea3ng n\u00e0y c\u0169ng cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch t\u01b0\u01a1ng quan \u0111a d\u1ea1ng \u0111\u1ec3 gi\u00fap ng\u01b0\u1eddi d\u00f9ng hi\u1ec3u logic li\u00ean k\u1ebft gi\u1eefa v\u00e0ng v\u00e0 \u0111\u00f4 la M\u1ef9, d\u1ea7u th\u00f4 v\u00e0 kim lo\u1ea1i qu\u00fd, \u0111\u1ed3ng th\u1eddi n\u00e2ng cao t\u1ea7m nh\u00ecn v\u0129 m\u00f4 c\u1ee7a h\u1ecd.<\/p>\n

4. C\u00e1c lo\u1ea1i l\u1ec7nh v\u00e0 c\u00e1ch th\u1ef1c hi\u1ec7n: li\u00ean k\u1ebft ho\u00e0n ch\u1ec9nh t\u1eeb l\u1ec7nh \u0111\u1ebfn giao d\u1ecbch<\/p>\n

Hi\u1ec3u c\u00e1c lo\u1ea1i l\u1ec7nh kh\u00e1c nhau v\u00e0 logic th\u1ef1c hi\u1ec7n c\u1ee7a ch\u00fang l\u00e0 m\u1ed9t ph\u1ea7n quan tr\u1ecdng trong vi\u1ec7c qu\u1ea3n l\u00fd giao d\u1ecbch hi\u1ec7u qu\u1ea3. N\u1ec1n t\u1ea3ng WMAX cung c\u1ea5p nhi\u1ec1u lo\u1ea1i l\u1ec7nh kh\u00e1c nhau \u0111\u1ec3 th\u00edch \u1ee9ng v\u1edbi c\u00e1c t\u00ecnh hu\u1ed1ng giao d\u1ecbch kh\u00e1c nhau:<\/p>\n

L\u1ec7nh th\u1ecb tr\u01b0\u1eddng: Giao d\u1ecbch ngay l\u1eadp t\u1ee9c v\u1edbi m\u1ee9c gi\u00e1 th\u1ef1c hi\u1ec7n t\u1ed1t nh\u1ea5t tr\u00ean th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i, ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c t\u00ecnh hu\u1ed1ng c\u1ea7n v\u00e0o l\u1ec7nh nhanh.<\/p>\n

L\u1ec7nh gi\u1edbi h\u1ea1n: Nh\u00e0 giao d\u1ecbch \u0111\u1eb7t tr\u01b0\u1edbc m\u1ed9t m\u1ee9c gi\u00e1 mua ho\u1eb7c b\u00e1n c\u1ee5 th\u1ec3 v\u00e0 l\u1ec7nh s\u1ebd ch\u1ec9 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n khi gi\u00e1 th\u1ecb tr\u01b0\u1eddng ch\u1ea1m \u0111i\u1ec3m \u0111\u00f3 - c\u00f4ng c\u1ee5 n\u00e0y gi\u00fap nh\u00e0 giao d\u1ecbch tr\u00e1nh vi\u1ec7c theo \u0111u\u1ed5i b\u1ed1c \u0111\u1ed3ng l\u00ean xu\u1ed1ng khi th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng nhanh.<\/p>\n

D\u1eebng l\u1ed7 v\u00e0 ch\u1ed1t l\u00e3i: h\u01b0\u1edbng d\u1eabn \u0111\u00f3ng t\u1ef1 \u0111\u1ed9ng \u0111\u01b0\u1ee3c \u0111\u1eb7t \u0111\u1ed3ng th\u1eddi khi m\u1edf m\u1ed9t v\u1ecb th\u1ebf. Khi gi\u00e1 \u0111\u1ea1t \u0111\u1ebfn m\u1ee9c d\u1eebng l\u1ed7 ho\u1eb7c m\u1ee9c ch\u1ed1t l\u1eddi \u0111\u1eb7t tr\u01b0\u1edbc, h\u1ec7 th\u1ed1ng s\u1ebd t\u1ef1 \u0111\u1ed9ng \u0111\u00f3ng v\u1ecb th\u1ebf.<\/p>\n

\u1ede c\u1ea5p \u0111\u1ed9 th\u1ef1c hi\u1ec7n l\u1ec7nh, WMAX \u00e1p d\u1ee5ng m\u00f4 h\u00ecnh can thi\u1ec7p phi \u0111\u1ea1i l\u00fd (NDD), ngh\u0129a l\u00e0 n\u00f3 kh\u00f4ng ho\u1ea1t \u0111\u1ed9ng nh\u01b0 m\u1ed9t \u0111\u1ed1i t\u00e1c m\u00e0 chuy\u1ec3n tr\u1ef1c ti\u1ebfp l\u1ec7nh c\u1ee7a kh\u00e1ch h\u00e0ng \u0111\u1ebfn nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n. M\u00f4 h\u00ecnh n\u00e0y lo\u1ea1i b\u1ecf c\u00e1c xung \u0111\u1ed9t l\u1ee3i \u00edch ti\u1ec1m \u1ea9n gi\u1eefa n\u1ec1n t\u1ea3ng v\u00e0 kh\u00e1ch h\u00e0ng, \u0111\u1ea3m b\u1ea3o t\u00ednh c\u00f4ng b\u1eb1ng c\u1ee7a c\u00e1c b\u00e1o gi\u00e1 v\u00e0 t\u00ednh x\u00e1c th\u1ef1c c\u1ee7a giao d\u1ecbch.<\/p>\n

H\u1ec7 th\u1ed1ng \u0110\u1ecbnh tuy\u1ebfn \u0111\u01a1n h\u00e0ng th\u00f4ng minh (SOR) c\u1ee7a n\u1ec1n t\u1ea3ng qu\u00e9t nhi\u1ec1u nh\u00f3m thanh kho\u1ea3n trong th\u1eddi gian th\u1ef1c \u0111\u1ec3 ph\u00f9 h\u1ee3p v\u1edbi \u0111\u01b0\u1eddng d\u1eabn th\u1ef1c hi\u1ec7n t\u1ed1i \u01b0u cho m\u1ed7i \u0111\u01a1n h\u00e0ng. C\u00e1c m\u00e1y ch\u1ee7 th\u1ef1c thi c\u1ee7a WMAX \u0111\u01b0\u1ee3c tri\u1ec3n khai trong c\u00e1c trung t\u00e2m d\u1eef li\u1ec7u hi\u1ec7u su\u1ea5t cao nh\u01b0 Equinix v\u00e0 \u0111\u01b0\u1ee3c k\u1ebft n\u1ed1i tr\u1ef1c ti\u1ebfp v\u1edbi c\u00e1c ngu\u1ed3n thanh kho\u1ea3n th\u00f4ng qua c\u00e1p quang, r\u00fat \u200b\u200bng\u1eafn \u0111\u01b0\u1eddng truy\u1ec1n d\u1eef li\u1ec7u v\u00e0 gi\u1ea3m \u0111\u1ed9 tr\u1ec5 t\u1eeb c\u1ea5p \u0111\u1ed9 v\u1eadt l\u00fd. N\u1ec1n t\u1ea3ng n\u00e0y c\u0169ng \u0111\u1ea3m b\u1ea3o r\u1eb1ng m\u1ed7i quy tr\u00ecnh th\u1ef1c hi\u1ec7n \u0111\u01a1n h\u00e0ng \u0111\u1ec1u minh b\u1ea1ch, c\u00f3 th\u1ec3 theo d\u00f5i v\u00e0 ki\u1ec3m ch\u1ee9ng \u0111\u01b0\u1ee3c th\u00f4ng qua c\u00e1c c\u01a1 ch\u1ebf t\u01b0\u01a1ng quan nh\u1eadt k\u00fd, tr\u00ecnh t\u1ef1 s\u1ef1 ki\u1ec7n v\u00e0 th\u1eddi gian th\u1ed1ng nh\u1ea5t.<\/p>\n

\"68247c1e6f5fbed2e9193065d4095128\"<\/p>\n

5. Th\u00e0nh ph\u1ea7n chi ph\u00ed giao d\u1ecbch: h\u1eefu h\u00ecnh v\u00e0 v\u00f4 h\u00ecnh<\/p>\n

Chi ph\u00ed c\u1ee7a giao d\u1ecbch CFD kim lo\u1ea1i qu\u00fd kh\u00f4ng ch\u1ec9 bao g\u1ed3m ch\u00eanh l\u1ec7ch gi\u00e1 m\u00e0 c\u00f2n li\u00ean quan \u0111\u1ebfn nhi\u1ec1u kh\u00eda c\u1ea1nh nh\u01b0 l\u00e3i su\u1ea5t qua \u0111\u00eam v\u00e0 tr\u01b0\u1ee3t gi\u00e1:<\/p>\n

Spread: Ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 mua v\u00e0 gi\u00e1 b\u00e1n l\u00e0 chi ph\u00ed tr\u1ef1c ti\u1ebfp nh\u1ea5t \u0111\u1ed1i v\u1edbi nh\u00e0 giao d\u1ecbch. WMAX x\u00e2y d\u1ef1ng nh\u00f3m thanh kho\u1ea3n t\u1ed5ng h\u1ee3p b\u1eb1ng c\u00e1ch t\u00edch h\u1ee3p nhi\u1ec1u nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n v\u00e0 h\u1ec7 th\u1ed1ng s\u1ebd t\u1ef1 \u0111\u1ed9ng s\u00e0ng l\u1ecdc v\u00e0 kh\u1edbp v\u1edbi b\u00e1o gi\u00e1 mua v\u00e0 b\u00e1n t\u1ed1t nh\u1ea5t. N\u1ec1n t\u1ea3ng n\u00e0y cung c\u1ea5p c\u1ea3 m\u00f4 h\u00ecnh t\u00e0i kho\u1ea3n ch\u00eanh l\u1ec7ch th\u1ea3 n\u1ed5i v\u00e0 ch\u00eanh l\u1ec7ch c\u1ed1 \u0111\u1ecbnh - t\u00e0i kho\u1ea3n ch\u00eanh l\u1ec7ch th\u1ea3 n\u1ed5i c\u00f3 m\u1ee9c ch\u00eanh l\u1ec7ch h\u1eb9p khi \u0111\u1ee7 thanh kho\u1ea3n v\u00e0 ph\u00f9 h\u1ee3p cho c\u00e1c nh\u00e0 giao d\u1ecbch ng\u1eafn h\u1ea1n v\u00e0 trong ng\u00e0y; t\u00e0i kho\u1ea3n ch\u00eanh l\u1ec7ch c\u1ed1 \u0111\u1ecbnh duy tr\u00ec b\u00e1o gi\u00e1 th\u1ed1ng nh\u1ea5t trong t\u1ea5t c\u1ea3 c\u00e1c kho\u1ea3ng th\u1eddi gian giao d\u1ecbch v\u00e0 ph\u00f9 h\u1ee3p v\u1edbi nh\u1eefng nh\u00e0 giao d\u1ecbch th\u00edch chi ph\u00ed c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n \u0111\u01b0\u1ee3c. M\u1ed9t s\u1ed1 t\u00e0i kho\u1ea3n c\u00f3 ch\u00eanh l\u1ec7ch th\u1ea3 n\u1ed5i (ch\u1eb3ng h\u1ea1n nh\u01b0 lo\u1ea1i ECN) \u0111\u01b0\u1ee3c trang b\u1ecb c\u1ea5u tr\u00fac c\u00f3 m\u1ee9c ch\u00eanh l\u1ec7ch th\u1ea5p v\u00e0 ph\u00ed c\u1ed1 \u0111\u1ecbnh.<\/p>\n

L\u00e3i qua \u0111\u00eam: L\u00e3i su\u1ea5t ph\u00e1t sinh khi gi\u1eef l\u1ec7nh qua \u0111\u00eam. L\u00e3i su\u1ea5t kh\u00e1c nhau \u0111\u1ed1i v\u1edbi c\u00e1c h\u01b0\u1edbng d\u00e0i v\u00e0 ng\u1eafn. WMAX hi\u1ec3n th\u1ecb r\u00f5 r\u00e0ng l\u00e3i su\u1ea5t qua \u0111\u00eam hi\u1ec7n t\u1ea1i tr\u00ean giao di\u1ec7n giao d\u1ecbch, c\u00f4ng th\u1ee9c t\u00ednh to\u00e1n c\u00f4ng khai, minh b\u1ea1ch v\u00e0 kh\u00f4ng c\u00f3 ph\u00ed \u1ea9n.<\/p>\n

Tr\u01b0\u1ee3t gi\u00e1: \u0110\u1ed9 l\u1ec7ch gi\u1eefa gi\u00e1 giao d\u1ecbch cu\u1ed1i c\u00f9ng v\u00e0 gi\u00e1 \u0111\u1eb7t l\u1ec7nh d\u1ef1 ki\u1ebfn. S\u1ef1 tr\u01b0\u1ee3t gi\u00e1 l\u00e0 nguy\u00ean nh\u00e2n h\u00e0ng \u0111\u1ea7u g\u00e2y ra chi ph\u00ed t\u0103ng v\u1ecdt khi d\u1eef li\u1ec7u c\u00f3 t\u00ednh bi\u1ebfn \u0111\u1ed9ng cao \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1. H\u1ec7 th\u1ed1ng SOR c\u1ee7a WMAX c\u1ed1 g\u1eafng gi\u1ea3m nguy c\u01a1 tr\u01b0\u1ee3t gi\u00e1 trong \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng kh\u1eafc nghi\u1ec7t th\u00f4ng qua nhi\u1ec1u chi\u1ebfn l\u01b0\u1ee3c chuy\u1ec3n \u0111\u1ed5i nh\u00f3m thanh kho\u1ea3n v\u00e0 ph\u00e2n chia \u0111\u01a1n h\u00e0ng.<\/p>\n

WMAX mi\u1ec5n thu\u1ebf tr\u01b0\u1edbc b\u1ea1, ph\u00ed chuy\u1ec3n nh\u01b0\u1ee3ng, ph\u00ed l\u01b0u tr\u1eef v\u00e0 nhi\u1ec1u lo\u1ea1i ph\u00ed \u1ea9n kh\u00e1c, \u0111\u1ed3ng th\u1eddi chi ph\u00ed giao d\u1ecbch ch\u1ee7 y\u1ebfu d\u1ef1a tr\u00ean m\u1ee9c ch\u00eanh l\u1ec7ch c\u01a1 b\u1ea3n.<\/p>\n

6. C\u00f4ng c\u1ee5 qu\u1ea3n l\u00fd r\u1ee7i ro: x\u00e2y d\u1ef1ng bi\u00ean \u0111\u1ed9 an to\u00e0n cho giao d\u1ecbch<\/p>\n

N\u1ec1n t\u1ea3ng WMAX cung c\u1ea5p c\u00e1c ch\u1ee9c n\u0103ng qu\u1ea3n l\u00fd r\u1ee7i ro \u0111a c\u1ea5p. B\u1ea3ng \u0111i\u1ec1u khi\u1ec3n gi\u00e1m s\u00e1t k\u00fd qu\u1ef9 hi\u1ec3n th\u1ecb m\u1ee9c \u0111\u1ed9 r\u1ee7i ro c\u1ee7a t\u00e0i kho\u1ea3n trong th\u1eddi gian th\u1ef1c. C\u00f4ng c\u1ee5 t\u1ed5ng h\u1ee3p r\u1ee7i ro \u0111a d\u1ea1ng t\u1ef1 \u0111\u1ed9ng x\u00e1c \u0111\u1ecbnh t\u1ea5t c\u1ea3 c\u00e1c v\u1ecb th\u1ebf m\u1edf c\u1ee7a ng\u01b0\u1eddi d\u00f9ng, t\u00edch h\u1ee3p ch\u00fang t\u1eeb c\u00e1c kh\u00eda c\u1ea1nh nh\u01b0 r\u1ee7i ro \u0111\u1ecbnh h\u01b0\u1edbng v\u00e0 r\u1ee7i ro ti\u1ec1n t\u1ec7, \u0111\u1ed3ng th\u1eddi hi\u1ec3n th\u1ecb c\u01b0\u1eddng \u0111\u1ed9 r\u1ee7i ro t\u1ed5ng th\u1ec3 d\u01b0\u1edbi d\u1ea1ng b\u1ea3ng \u0111i\u1ec1u khi\u1ec3n \u0111\u1ec3 ng\u0103n ng\u01b0\u1eddi d\u00f9ng r\u01a1i v\u00e0o \u0111i\u1ec3m m\u00f9 nh\u1eadn th\u1ee9c v\u1ec1 \"an to\u00e0n s\u1ea3n ph\u1ea9m duy nh\u1ea5t, r\u1ee7i ro to\u00e0n c\u1ea7u\".<\/p>\n

C\u01a1 ch\u1ebf b\u1ea3o v\u1ec7 s\u1ed1 d\u01b0 \u00e2m \u0111\u1ea3m b\u1ea3o r\u1eb1ng kho\u1ea3n l\u1ed7 c\u1ee7a ng\u01b0\u1eddi d\u00f9ng s\u1ebd kh\u00f4ng v\u01b0\u1ee3t qu\u00e1 s\u1ed1 ti\u1ec1n g\u1ed1c c\u1ee7a t\u00e0i kho\u1ea3n trong \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng kh\u1eafc nghi\u1ec7t. N\u1ec1n t\u1ea3ng n\u00e0y tu\u00e2n th\u1ee7 c\u00e1c ng\u01b0\u1ee1ng qu\u1ea3n l\u00fd r\u1ee7i ro c\u1ee9ng nh\u1eafc v\u00e0 cung c\u1ea5p c\u00e1c quy t\u1eafc giao d\u1ecbch c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n \u0111\u01b0\u1ee3c c\u0169ng nh\u01b0 ph\u1ea3n h\u1ed3i c\u1ee7a h\u1ec7 th\u1ed1ng trong \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng kh\u1eafc nghi\u1ec7t. Ch\u1ee9c n\u0103ng sao ch\u00e9p giao d\u1ecbch cho ph\u00e9p ng\u01b0\u1eddi d\u00f9ng sao ch\u00e9p ho\u1ea1t \u0111\u1ed9ng c\u1ee7a nh\u00e0 giao d\u1ecbch \u0111\u00e3 \u0111\u01b0\u1ee3c x\u00e1c minh b\u1eb1ng giao d\u1ecbch th\u1ef1c. N\u1ec1n t\u1ea3ng n\u00e0y cung c\u1ea5p h\u01a1n 30 ch\u1ec9 s\u1ed1 hi\u1ec7u su\u1ea5t, bao g\u1ed3m t\u1ef7 l\u1ec7 Sharpe, t\u1ef7 l\u1ec7 l\u00e3i l\u1ed7, th\u1eddi gian r\u00fat v\u1ed1n t\u1ed1i \u0111a, v.v., gi\u00fap ng\u01b0\u1eddi d\u00f9ng \u0111\u00e1nh gi\u00e1 m\u1ed9t c\u00e1ch khoa h\u1ecdc ch\u1ea5t l\u01b0\u1ee3ng c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c.<\/p>\n

Ph\u1ea7n k\u1ebft lu\u1eadn<\/p>\n

Giao d\u1ecbch CFD kim lo\u1ea1i qu\u00fd v\u1ec1 c\u01a1 b\u1ea3n l\u00e0 m\u1ed9t tr\u00f2 ch\u01a1i bi\u1ebfn \u0111\u1ed9ng gi\u00e1. Hi\u1ec3u c\u00e1c th\u00f4ng s\u1ed1 k\u1ef9 thu\u1eadt c\u1ee7a h\u1ee3p \u0111\u1ed3ng, nguy\u00ean t\u1eafc ho\u1ea1t \u0111\u1ed9ng c\u1ee7a \u0111\u00f2n b\u1ea9y v\u00e0 k\u00fd qu\u1ef9, c\u00e1c k\u1ecbch b\u1ea3n \u1ee9ng d\u1ee5ng c\u1ee7a c\u01a1 ch\u1ebf giao d\u1ecbch hai chi\u1ec1u, logic th\u1ef1c hi\u1ec7n c\u1ee7a c\u00e1c lo\u1ea1i l\u1ec7nh kh\u00e1c nhau v\u00e0 th\u00e0nh ph\u1ea7n c\u1ee5 th\u1ec3 c\u1ee7a chi ph\u00ed giao d\u1ecbch l\u00e0 b\u00e0i t\u1eadp c\u01a1 b\u1ea3n m\u00e0 m\u1ecdi nh\u00e0 giao d\u1ecbch ph\u1ea3i ho\u00e0n th\u00e0nh. N\u1ec1n t\u1ea3ng WMAX \u0111\u00e3 x\u00e2y d\u1ef1ng m\u1ed9t h\u1ec7 th\u1ed1ng ch\u1ee9c n\u0103ng d\u00e0nh cho c\u00e1c nh\u00e0 giao d\u1ecbch kim lo\u1ea1i qu\u00fd xoay quanh c\u00e1c kh\u00eda c\u1ea1nh minh b\u1ea1ch v\u1ec1 \u0111\u1eb7c \u0111i\u1ec3m h\u1ee3p \u0111\u1ed3ng, t\u1ed5ng h\u1ee3p thanh kho\u1ea3n, t\u1ed1i \u01b0u h\u00f3a th\u1ef1c hi\u1ec7n l\u1ec7nh, h\u1ed7 tr\u1ee3 giao d\u1ecbch hai chi\u1ec1u v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 qu\u1ea3n l\u00fd r\u1ee7i ro. M\u1ee5c ti\u00eau chung c\u1ee7a c\u00e1c thi\u1ebft k\u1ebf c\u01a1 ch\u1ebf n\u00e0y l\u00e0 cung c\u1ea5p cho nh\u00e0 giao d\u1ecbch m\u1ed9t m\u00f4i tr\u01b0\u1eddng giao d\u1ecbch v\u1edbi th\u00f4ng tin minh b\u1ea1ch v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 ho\u00e0n ch\u1ec9nh - \u0111\u1ec3 m\u1ecdi quy\u1ebft \u0111\u1ecbnh \u0111\u1ec1u d\u1ef1a tr\u00ean ki\u1ebfn \u200b\u200bth\u1ee9c r\u00f5 r\u00e0ng.<\/p>","protected":false},"excerpt":{"rendered":"

Ph\u00e1 b\u1ecf m\u1ed9t c\u00e1ch c\u00f3 h\u1ec7 th\u1ed1ng c\u00e1c kh\u00e1i ni\u1ec7m c\u01a1 b\u1ea3n v\u00e0 c\u01a1 ch\u1ebf c\u1ed1t l\u00f5i c\u1ee7a giao d\u1ecbch CFD v\u00e0ng v\u00e0 b\u1ea1c. B\u00e0i vi\u1ebft n\u00e0y b\u1eaft \u0111\u1ea7u v\u1edbi vi\u1ec7c thanh to\u00e1n gi\u00e1 m\u00e0 kh\u00f4ng c\u1ea7n giao h\u00e0ng th\u1ef1c t\u1ebf, ph\u00e2n t\u00edch s\u00e2u s\u1eafc \u0111\u00f2n b\u1ea9y v\u00e0 ranh gi\u1edbi k\u00fd qu\u1ef9 theo c\u1ea5p b\u1eadc, ph\u00e1 b\u1ecf giao d\u1ecbch hai chi\u1ec1u d\u00e0i h\u1ea1n, m\u00f4 h\u00ecnh kh\u00f4ng c\u00f3 ng\u01b0\u1eddi giao d\u1ecbch NDD, \u0111\u1ecbnh tuy\u1ebfn \u0111\u01a1n h\u00e0ng th\u00f4ng minh SOR v\u00e0 c\u1ea5u tr\u00fac chi ph\u00ed thanh kho\u1ea3n t\u1ed5ng h\u1ee3p, \u0111\u1ec3 gi\u00fap b\u1ea1n thi\u1ebft l\u1eadp khu\u00f4n kh\u1ed5 nh\u1eadn th\u1ee9c ki\u1ec3m so\u00e1t r\u1ee7i ro minh b\u1ea1ch v\u00e0 c\u00f3 th\u1ec3 ki\u1ec3m so\u00e1t.<\/p>","protected":false},"author":1,"featured_media":10825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[122],"tags":[284,260,979],"class_list":["post-10824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tutorial","tag-284","tag-260","tag-979"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/10824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=10824"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/10824\/revisions"}],"predecessor-version":[{"id":10827,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/10824\/revisions\/10827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/10825"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=10824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=10824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=10824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}