{"id":47492,"date":"2020-09-07T10:26:05","date_gmt":"2020-09-07T10:26:05","guid":{"rendered":"https:\/\/www.zfx.com\/?post_type=academy&p=47492"},"modified":"2022-08-26T04:41:38","modified_gmt":"2022-08-26T04:41:38","slug":"tai-khoan-forex-stp-va-ecn-diem-khac-biet-la-gi","status":"publish","type":"academy","link":"https:\/\/www.zfxvn.com\/vi\/academy\/tai-khoan-forex-stp-va-ecn-diem-khac-biet-la-gi\/","title":{"rendered":"T\u00e0i Kho\u1ea3n ECN v\u00e0 STP l\u00e0 g\u00ec? \u0110i\u1ec3m Kh\u00e1c Bi\u1ec7t Gi\u1eefa STP v\u00e0 ECN l\u00e0 g\u00ec?"},"content":{"rendered":"

C\u00f3 m\u1ed9t s\u1ed1 nh\u00e0 m\u00f4i gi\u1edbi ngo\u1ea1i h\u1ed1i tr\u00ean th\u1ecb tr\u01b0\u1eddng <\/span> (g\u1ed3m c\u1ea3 ZFX<\/a><\/strong><\/span>) s\u1ebd cung c\u1ea5p hai lo\u1ea1i t\u00e0i kho\u1ea3n giao d\u1ecbch: STP v\u00e0 ECN. Ngo\u00e0i s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 spread v\u00e0 hoa h\u1ed3ng, hai lo\u1ea1i t\u00e0i kho\u1ea3n c\u0169ng s\u1ebd x\u1eed l\u00fd c\u00e1c l\u1ec7nh c\u1ee7a kh\u00e1ch h\u00e0ng \u1edf c\u00e1c ch\u1ebf \u0111\u1ed9 kh\u00e1c nhau qua c\u00e1c n\u1ec1n t\u1ea3ng kh\u00e1c nhau. B\u00e0i vi\u1ebft n\u00e0y s\u1ebd gi\u1edbi thi\u1ec7u cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ec1 s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa 2 lo\u1ea1i t\u00e0i kho\u1ea3n STP v\u00e0 ECN l\u00e0 g\u00ec.<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m nh\u1eadn d\u1ea1ng gi\u1eefa STP v\u00e0 t\u00e0i kho\u1ea3n ECN l\u00e0 g\u00ec?<\/strong><\/span><\/h2>\n
\n\n\n\n\n\n
T\u00e0i kho\u1ea3n STP<\/strong><\/span><\/td>\nT\u00e0i kho\u1ea3n ECN<\/strong><\/span><\/td>\n<\/tr>\n
\u2022 H\u1ea7u h\u1ebft l\u00e0 spread th\u1ea3 n\u1ed5i<\/td>\n\u2022 Spread th\u1ea3 n\u1ed5i th\u1ea5p v\u1edbi ph\u00ed hoa h\u1ed3ng<\/td>\n<\/tr>\n
\u2022 K\u1ebft n\u1ed1i gi\u1eefa nh\u00e0 giao d\u1ecbch v\u1edbi nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n<\/td>\n\u2022 K\u1ebft n\u1ed1i gi\u1eefa nh\u00e0 giao d\u1ecbch, nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n v\u00e0 nh\u1eefng ng\u01b0\u1eddi tham gia kh\u00e1c tr\u00ean th\u1ecb tr\u01b0\u1eddng<\/td>\n<\/tr>\n
\u2022 Gi\u00e1 \u0111\u01b0\u1ee3c cung c\u1ea5p t\u1eeb nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n<\/td>\n\n\n\n\n\n\n
\u2022 Gi\u00e1 \u0111\u01b0\u1ee3c cung c\u1ea5p t\u1eeb nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n v\u00e0 nh\u1eefng ng\u01b0\u1eddi tham gia ECN<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/td>\n<\/tr>\n
\u2022 L\u1ec7nh \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n t\u1ef1 \u0111\u1ed9ng m\u00e0 kh\u00f4ng c\u1ea7n b\u00e1o gi\u00e1 l\u1ea1i<\/td>\n\u2022 L\u1ec7nh \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n t\u1ef1 \u0111\u1ed9ng m\u00e0 kh\u00f4ng c\u1ea7n b\u00e1o gi\u00e1 l\u1ea1i<\/td>\n<\/tr>\n
<\/td>\n\u2022 Hi\u1ec3n th\u1ecb \u0111\u1ed9 s\u00e2u th\u1ecb tr\u01b0\u1eddng DOM v\u00e0 th\u00f4ng tin thanh kho\u1ea3n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

STP: L\u1ec7nh Chuy\u1ec3n Tr\u1ef1c Ti\u1ebfp \u0111\u1ebfn Nh\u00e0 Cung C\u1ea5p Thanh Kho\u1ea3n<\/strong><\/span><\/h3>\n

STP l\u00e0 g\u00ec?<\/p>\n

STP \u0111\u01b0\u1ee3c vi\u1ebft t\u1eaft cho Straight Through Processing (X\u1eed l\u00fd tr\u1ef1c ti\u1ebfp). Nh\u00e0 m\u00f4i gi\u1edbi c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c STP s\u1ebd g\u1eedi l\u1ec7nh tr\u1ef1c ti\u1ebfp \u0111\u1ebfn c\u00e1c nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n (ng\u00e2n h\u00e0ng, nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng ho\u1eb7c c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi kh\u00e1c) \u0111\u1ec3 x\u1eed l\u00fd l\u1ec7nh giao d\u1ecbch m\u00e0 kh\u00f4ng c\u1ea7n s\u1ef1 can thi\u1ec7p c\u1ee7a con ng\u01b0\u1eddi. C\u00e1c nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n n\u00f3i chung c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n c\u00e1c giao d\u1ecbch ngo\u1ea1i h\u1ed1i \u1edf c\u1ea5p \u0111\u1ed9 cao h\u01a1n, k\u1ebft n\u1ed1i tr\u1ef1c ti\u1ebfp v\u1edbi th\u1ecb tr\u01b0\u1eddng li\u00ean ng\u00e2n h\u00e0ng.<\/p>\n

\u00a0Theo c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0, c\u00e1ch s\u1eed d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c STP l\u00e0 g\u00ec?<\/p>\n

Nh\u00ecn chung, \u0111\u1eb1ng sau n\u1ec1n t\u1ea3ng giao d\u1ecbch ngo\u1ea1i h\u1ed1i STP, c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi s\u1ebd k\u1ebft n\u1ed1i v\u00e0 h\u1ee3p t\u00e1c ch\u1eb7t ch\u1ebd v\u1edbi c\u00e1c nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n. M\u1ed9t s\u1ed1 n\u1ec1n t\u1ea3ng STP ch\u1ec9 c\u00f3 m\u1ed9t nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n, trong khi nh\u1eefng n\u1ec1n t\u1ea3ng kh\u00e1c c\u00f3 nhi\u1ec1u nh\u00e0 cung c\u1ea5p h\u01a1n \u0111\u1ec3 t\u0103ng kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch c\u1ee7a h\u1ecd.<\/p>\n

Gi\u00e1 ch\u00e0o mua v\u00e0 gi\u00e1 ch\u00e0o b\u00e1n c\u1ee7a m\u1ed7i nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n kh\u00f4ng ho\u00e0n to\u00e0n gi\u1ed1ng nhau, v\u00e0 c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi c\u00f3 th\u1ec3 ch\u1ecdn m\u1ee9c gi\u00e1 t\u1ed1t nh\u1ea5t trong s\u1ed1 \u0111\u00f3 \u0111\u1ec3 hi\u1ec3n th\u1ecb tr\u00ean n\u1ec1n t\u1ea3ng giao d\u1ecbch. Tr\u00ean n\u1ec1n t\u1ea3ng giao d\u1ecbch STP, kh\u00e1ch h\u00e0ng s\u1ebd c\u00f3 th\u1ec3 xem gi\u00e1 th\u1ecb tr\u01b0\u1eddng theo th\u1eddi gian th\u1ef1c v\u00e0 l\u1ec7nh c\u1ee7a h\u1ecd s\u1ebd \u0111\u01b0\u1ee3c chuy\u1ec3n ngay \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 th\u1ef1c hi\u1ec7n. N\u1ebfu c\u00e0ng nhi\u1ec1u nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n \u0111\u1ee9ng sau nh\u00e0 m\u00f4i gi\u1edbi, th\u00ec t\u00ednh thanh kho\u1ea3n c\u00e0ng l\u1edbn v\u00e0 nhi\u1ec1u l\u1ec7nh s\u1ebd \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n su\u00f4n s\u1ebb h\u01a1n.<\/p>\n

V\u1eady t\u00e0i kho\u1ea3n ECN l\u00e0 g\u00ec? Th\u1ef1c ch\u1ea5t, nhi\u1ec1u nh\u00e0 m\u00f4i gi\u1edbi tuy\u00ean b\u1ed1 r\u1eb1ng h\u1ecd \u0111ang c\u00f3 n\u1ec1n t\u1ea3ng ECN th\u1ef1c, nh\u01b0ng h\u1ec7 th\u1ed1ng \u0111\u1eb1ng sau ch\u00fang th\u1ef1c s\u1ef1 ch\u1ec9 l\u00e0 STP. N\u00f3i m\u1ed9t c\u00e1ch ch\u00ednh x\u00e1c, c\u00f3 r\u1ea5t \u00edt n\u1ec1n t\u1ea3ng giao d\u1ecbch \u0111\u00e1p \u1ee9ng \u0111\u01b0\u1ee3c \u0111\u1ecbnh ngh\u0129a n\u1ec1n t\u1ea3ng ECN.<\/p>\n

Nh\u00e0 m\u00f4i gi\u1edbi thu l\u1ee3i nhu\u1eadn t\u1eeb spread <\/strong>c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c <\/strong>STP l\u00e0 g\u00ec<\/strong><\/h3>\n

Th\u00f4ng th\u01b0\u1eddng, c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi s\u1eed d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c STP ch\u1ee7 y\u1ebfu ho\u1ea1t \u0111\u1ed9ng nh\u01b0 ch\u1ee9c n\u0103ng trung gian, g\u1eedi l\u1ec7nh t\u1eeb t\u1ea5t c\u1ea3 kh\u00e1ch h\u00e0ng c\u1ee7a h\u1ecd \u0111\u1ebfn c\u00e1c nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n.<\/p>\n

V\u00ec ch\u00eanh l\u1ec7ch gi\u00e1 gi\u1eefa c\u00e1c nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n nh\u00ecn chung l\u00e0 th\u1ea5p, c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi c\u00f3 th\u1ec3 th\u00eam m\u1ed9t ho\u1eb7c m\u1ed9t n\u1eeda \u0111i\u1ec3m v\u00e0o spread n\u00e0y \u0111\u1ec3 ki\u1ebfm th\u00eam l\u1ee3i nhu\u1eadn. N\u1ebfu nh\u00e0 m\u00f4i gi\u1edbi h\u1ee3p t\u00e1c v\u1edbi nhi\u1ec1u nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n, nh\u00e0 m\u00f4i gi\u1edbi \u0111\u00f3 c\u00f3 th\u1ec3 ch\u1ecdn gi\u00e1 ch\u00e0o t\u1ed1t nh\u1ea5t \u0111\u1ec3 gi\u1ea3m spread c\u00e0ng nhi\u1ec1u c\u00e0ng t\u1ed1t, t\u1eeb \u0111\u00f3 gi\u00fap t\u0103ng t\u1ef7 l\u1ec7 l\u1ee3i nhu\u1eadn.<\/p>\n

Spread tr\u00ean n\u1ec1n t\u1ea3ng giao d\u1ecbch STP ch\u1ee7 y\u1ebfu l\u00e0 spread th\u1ea3 n\u1ed5i. Tuy l\u00e0 c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi c\u0169ng c\u00f3 th\u1ec3 \u0111\u1eb7t m\u1ee9c spread c\u1ed1 \u0111\u1ecbnh, nh\u01b0ng \u0111i\u1ec1u n\u00e0y r\u1ea5t kh\u00f3 x\u1ea3y ra.<\/p>\n

ECN l\u00e0 g\u00ec: M\u00f4 h\u00ecnh cho ph\u00e9p kh\u00e1ch H\u00e0ng Giao D\u1ecbch v\u1edbi C\u00e1c Ng\u01b0\u1eddi Tham Gia Kh\u00e1c Tr\u00ean Th\u1ecb Tr\u01b0\u1eddng
\n<\/strong><\/span><\/h2>\n

ECN l\u00e0 g\u00ec? ECN vi\u1ebft t\u1eaft cho Electronic Communications Network. C\u00e1c n\u1ec1n t\u1ea3ng giao d\u1ecbch ngo\u1ea1i h\u1ed1i ho\u1ea1t \u0111\u1ed9ng \u1edf ch\u1ebf \u0111\u1ed9 ECN s\u1ebd cho ph\u00e9p c\u00e1c nh\u00e0 giao d\u1ecbch c\u00e1 nh\u00e2n giao d\u1ecbch v\u1edbi nh\u1eefng ng\u01b0\u1eddi tham gia th\u1ecb tr\u01b0\u1eddng kh\u00e1c, ngh\u0129a l\u00e0 l\u1ec7nh c\u1ee7a kh\u00e1ch h\u00e0ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c kh\u1edbp v\u1edbi l\u1ec7nh c\u1ee7a c\u00e1c kh\u00e1ch h\u00e0ng kh\u00e1c tr\u00ean th\u1ecb tr\u01b0\u1eddng. Trong m\u00f4 h\u00ecnh ECN, nh\u1eefng ng\u01b0\u1eddi tham gia (ng\u00e2n h\u00e0ng, nh\u00e0 giao d\u1ecbch l\u1ebb, qu\u1ef9 \u0111\u1ea7u t\u01b0, nh\u00e0 m\u00f4i gi\u1edbi, v.v.) g\u1eedi b\u00e1o gi\u00e1 ask v\u00e0 gi\u00e1 bid t\u1ed1t nh\u1ea5t t\u1edbi h\u1ec7 th\u1ed1ng ECN – n\u01a1i t\u1ef1 \u0111\u1ed9ng kh\u1edbp l\u1ec7nh. Khi t\u00ecm th\u1ea5y \u0111\u1ed1i t\u00e1c \u1edf v\u1ecb th\u1ebf giao d\u1ecbch c\u1ee7a kh\u00e1ch h\u00e0ng, giao d\u1ecbch s\u1ebd \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n ngay l\u1eadp t\u1ee9c. Theo m\u00f4 h\u00ecnh ECN, c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi \u0111ang ho\u1ea1t \u0111\u1ed9ng v\u1edbi h\u00ecnh th\u1ee9c l\u00e0 m\u1ed9t trung t\u00e2m n\u01a1i nh\u1eefng ng\u01b0\u1eddi tham gia th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 giao d\u1ecbch v\u1edbi nhau.<\/p>\n

Nhi\u1ec1u ng\u01b0\u1eddi c\u00f3 th\u1ec3 nh\u1ea7m l\u1eabn gi\u1eefa m\u00f4 h\u00ecnh STP v\u00e0 m\u00f4 h\u00ecnh ECN, nh\u1ea7m l\u1eabn n\u1ec1n t\u1ea3ng giao d\u1ecbch STP l\u00e0 n\u1ec1n t\u1ea3ng giao d\u1ecbch ECN. M\u1ed9t nh\u00e0 m\u00f4i gi\u1edbi ECN th\u1ef1c th\u1ee5 ph\u1ea3i c\u00f3 m\u1ed9t c\u1eeda s\u1ed5 d\u1eef li\u1ec7u tr\u00ean n\u1ec1n t\u1ea3ng cho th\u1ea5y \u0111\u1ed9 s\u00e2u c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0 cho ph\u00e9p kh\u00e1ch h\u00e0ng xem l\u1ec7nh \u0111\u1eb7t mua ho\u1eb7c b\u00e1n v\u00e0 quy m\u00f4 c\u1ee7a c\u00e1c ng\u01b0\u1eddi tham gia kh\u00e1c \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o t\u00ednh minh b\u1ea1ch.<\/p>\n

Nh\u00e0 m\u00f4i gi\u1edbi thu l\u1ee3i nhu\u1eadn t\u1eeb hoa h\u1ed3ng theo m\u00f4 h\u00ecnh ECN l\u00e0 g\u00ec?
\n<\/b><\/strong><\/h3>\n

\u0110\u1ec3 gi\u1ea3i th\u00edch nh\u00e0 m\u00f4i gi\u1edbi thu l\u1ee3i nhu\u1eadn t\u1eeb hoa h\u1ed3ng theo m\u00f4 h\u00ecnh ECN l\u00e0 g\u00ec? B\u1ea1n c\u1ea7n bi\u1ebft r\u1eb1ng: Spread tr\u00ean c\u00e1c n\u1ec1n t\u1ea3ng giao d\u1ecbch ECN nh\u00ecn chung r\u1ea5t th\u1ea5p nh\u01b0ng t\u1ea5t c\u1ea3 \u0111\u1ec1u l\u00e0 spread th\u1ea3 n\u1ed5i. C\u00e1c nh\u00e0 m\u00f4i gi\u1edbi ECN th\u01b0\u1eddng s\u1ebd c\u00f3 m\u1ed9t kho\u1ea3n hoa h\u1ed3ng c\u1ed1 \u0111\u1ecbnh cho ph\u00ed giao d\u1ecbch. c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi ECN c\u00f3 spread m\u1eb7c \u0111\u1ecbnh th\u1ea5p t\u1edbi 0 pip, thay v\u00ec m\u1edf r\u1ed9ng spread th\u00ec c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi th\u01b0\u1eddng s\u1ebd t\u00ednh m\u1ed9t kho\u1ea3n c\u1ed1 \u0111\u1ecbnh l\u00e0m ngu\u1ed3n thu nh\u1eadp ch\u00ednh c\u1ee7a m\u00ecnh.<\/p>\n

C\u00e1c nh\u00e0 m\u00f4i gi\u1edbi ECN v\u00e0 STP \u0111\u1ec1u kh\u00f4ng giao d\u1ecbch tr\u1ef1c ti\u1ebfp v\u1edbi kh\u00e1ch h\u00e0ng tr\u00ean n\u1ec1n t\u1ea3ng. Mi\u1ec5n l\u00e0 c\u00f3 \u0111\u1ee7 s\u1ed1 l\u01b0\u1ee3ng giao d\u1ecbch, c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi c\u00f3 th\u1ec3 thu l\u1ee3i nhu\u1eadn t\u1eeb vi\u1ec7c t\u0103ng nh\u1eb9 m\u1ee9c spread ho\u1eb7c t\u00ednh ph\u00ed hoa h\u1ed3ng. M\u00f4 h\u00ecnh l\u1ee3i nhu\u1eadn c\u1ee7a c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi ECN v\u00e0 STP r\u1ea5t gi\u1ed1ng nhau, v\u00e0 c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi mu\u1ed1n c\u00e1c nh\u00e0 giao d\u1ecbch c\u0169ng ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn \u0111\u1ec3 h\u1ecd c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c t\u1ea1o ra thu nh\u1eadp \u1ed5n \u0111\u1ecbnh trong d\u00e0i h\u1ea1n th\u00f4ng qua spread v\u00e0 ti\u1ec1n c\u1ee7a kh\u00e1ch h\u00e0ng.<\/p>\n

T\u00edch h\u1ee3p m\u00f4 h\u00ecnh Dealing Desk m\u00e0 nh\u00e0 m\u00f4i gi\u1edbi th\u1ef1c hi\u1ec7n v\u1edbi STP l\u00e0 g\u00ec?
\n<\/span><\/strong><\/h3>\n

M\u1ed9t s\u1ed1 nh\u00e0 m\u00f4i gi\u1edbi \u00e1p d\u1ee5ng \u0111\u1ed3ng th\u1eddi m\u00f4 h\u00ecnh STP v\u1edbi DD (Dealing Desk). \u0110i\u1ec1u n\u00e0y l\u00e0 do c\u00e1c nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n \u0111\u1ee9ng sau nh\u00e0 m\u00f4i gi\u1edbi \u0111\u1ec3 ch\u1ec9 \u0111\u1ecbnh kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch t\u1ed1i thi\u1ec3u v\u00e0 c\u00e1c l\u1ec7nh c\u00f3 th\u1ec3 s\u1ebd kh\u00f4ng \u0111\u01b0\u1ee3c g\u1eedi \u0111\u1ebfn c\u00e1c nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n. Trong tr\u01b0\u1eddng h\u1ee3p \u0111\u00f3, c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi s\u1ebd \u0111\u00f3ng vai tr\u00f2 l\u00e0 \u0111\u1ed1i t\u00e1c c\u1ee7a kh\u00e1ch h\u00e0ng. Sau \u0111\u00f3, nh\u00e0 m\u00f4i gi\u1edbi s\u1ebd k\u1ebft h\u1ee3p c\u00e1c l\u1ec7nh theo c\u00e1ch th\u1ee7 c\u00f4ng v\u00e0 chuy\u1ec3n ch\u00fang \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 b\u1ea3o hi\u1ec3m r\u1ee7i ro.<\/p>\n

Tuy nhi\u00ean, tr\u01b0\u1edbc khi hedge c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi c\u00f3 th\u1ec3 ph\u00e2n lo\u1ea1i kh\u00e1ch h\u00e0ng c\u1ee7a h\u1ecd. Ch\u1ec9 nh\u1eefng kh\u00e1ch h\u00e0ng c\u00f3 ti\u1ec1m n\u0103ng sinh l\u1eddi cao m\u1edbi \u0111\u01b0\u1ee3c \u0111\u01b0a ra th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 b\u1ea3o hi\u1ec3m r\u1ee7i ro, \u0111\u01b0\u1ee3c x\u1eed l\u00fd b\u1edfi c\u00e1c ng\u00e2n h\u00e0ng v\u00e0 c\u00e1c \u0111\u1ed1i t\u00e1c kh\u00e1c. \u0110\u1ed1i v\u1edbi nh\u1eefng kh\u00e1ch h\u00e0ng c\u00f3 t\u1ef7 l\u1ec7 thua l\u1ed7 cao, nh\u00e0 m\u00f4i gi\u1edbi s\u1ebd \u0111\u00f3ng vai tr\u00f2 l\u00e0 \u0111\u1ed1i t\u00e1c c\u1ee7a h\u1ecd v\u00e0 kho\u1ea3n l\u1ed7 c\u1ee7a h\u1ecd s\u1ebd tr\u1edf th\u00e0nh l\u1ee3i nhu\u1eadn c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi. Qua nh\u1eefng lu\u1eadn \u0111i\u1ec3m tr\u00ean ph\u1ea7n n\u00e0o \u0111\u00e3 gi\u1ea3i th\u00edch \u0111\u01b0\u1ee3c l\u00fd do t\u00edch h\u1ee3p m\u00f4 h\u00ecnh Dealing Desk m\u00e0 nh\u00e0 m\u00f4i gi\u1edbi th\u1ef1c hi\u1ec7n v\u1edbi STP l\u00e0 g\u00ec.<\/p>\n

T\u00f3m l\u1ea1i, m\u00f4 h\u00ecnh ECN \u0111\u01b0\u1ee3c cho l\u00e0 minh b\u1ea1ch nh\u1ea5t trong giao d\u1ecbch ngo\u1ea1i h\u1ed1i, v\u00ec c\u00e1c nh\u00e0 m\u00f4i gi\u1edbi ch\u1ec9 c\u00f3 thu nh\u1eadp th\u00f4ng qua hoa h\u1ed3ng, kh\u00f4ng ph\u1ea3i qua spread v\u00e0 kh\u00f4ng c\u1ea7n ph\u1ea3i \u0111\u00f3ng vai tr\u00f2 \u0111\u1ed1i t\u00e1c c\u1ee7a kh\u00e1ch h\u00e0ng. ZFX hy v\u1ecdng r\u1eb1ng v\u1edbi b\u00e0i vi\u1ebft tr\u00ean, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 c\u00f3 c\u00e1i nh\u00ecn t\u1ed5ng quan nh\u1ea5t v\u1ec1 c\u00e1c y\u1ebfu t\u1ed1 li\u00ean quan \u0111\u1ebfn STP v\u00e0 ECN trong th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh \u0111\u1ec3 t\u1eeb \u0111\u00f3 ch\u1ecdn \u0111\u01b0\u1ee3c chi\u1ebfn l\u01b0\u1ee3c v\u1edbi m\u1ee5c ti\u00eau ph\u00f9 h\u1ee3p c\u1ee7a ri\u00eang m\u00ecnh.<\/p>\n

B\u00e0i vi\u1ebft li\u00ean quan:<\/strong>\u0110\u00f2n b\u1ea9y l\u00e0 g\u00ec? Giao d\u1ecbch ngo\u1ea1i h\u1ed1i v\u1edbi \u0111\u00f2n b\u1ea9y. C\u00e1ch t\u00ednh \u0111\u00f2n b\u1ea9y v\u00e0 k\u00fd qu\u1ef9 hi\u1ec7u qu\u1ea3<\/a><\/p>\n

\u2014\u2014<\/p>\n

C\u1ea3nh b\u00e1o r\u1ee7i ro<\/strong>: N\u1ed9i dung tr\u00ean ch\u1ec9 mang t\u00ednh ch\u1ea5t tham kh\u1ea3o v\u00e0o kh\u00f4ng th\u1ec3 hi\u1ec7n quan \u0111i\u1ec3m c\u1ee7a ZFX. ZFX kh\u00f4ng ch\u1ecbu b\u1ea5t k\u1ef3 h\u00ecnh th\u1ee9c t\u1ed5n th\u1ea5t n\u00e0o g\u00e2y ra b\u1edfi b\u1ea5t k\u1ef3 h\u1ecdat \u0111\u1ed9ng giao d\u1ecbch n\u00e0o \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n theo b\u00e0i vi\u1ebft n\u00e0y. H\u00e3y v\u1eefng v\u00e0ng trong suy ngh\u0129 c\u1ee7a qu\u00fd kh\u00e1ch v\u00e0 ki\u1ec3m so\u00e1t r\u1ee7i ro t\u01b0\u01a1ng \u1ee9ng.<\/p>\n

ZFX (Zeal Capital Market)<\/a>\u00a0l\u00e0 nh\u00e0 m\u00f4i gi\u1edbi ngo\u1ea1i h\u1ed1i & CFD tr\u1ef1c tuy\u1ebfn cung c\u1ea5p h\u01a1n 100 s\u1ea3n ph\u1ea9m cho\u00a0giao d\u1ecbch ngo\u1ea1i h\u1ed1i<\/a>,\u00a0giao d\u1ecbch h\u00e0ng h\u00f3a<\/a>,\u00a0giao d\u1ecbch ch\u1ec9 s\u1ed1<\/a>\u00a0v\u00e0\u00a0giao d\u1ecbch CFD c\u1ed5 phi\u1ebfu<\/a>. S\u1ed1 ti\u1ec1n k\u00fd qu\u1ef9 t\u1ed1i thi\u1ec3u \u0111\u1ec3 m\u1edf t\u00e0i kho\u1ea3n l\u00e0 15 USD. H\u00e3y\u00a0m\u1edf t\u00e0i kho\u1ea3n giao d\u1ecbch<\/a>\u00a0v\u00e0\u00a0t\u1ea3i n\u1ec1n t\u1ea3ng giao d\u1ecbch MT4<\/a>\u00a0c\u1ee7a ch\u00fang t\u00f4i ngay!<\/p>\n","protected":false},"excerpt":{"rendered":"

ZFX cung c\u1ea5p c\u00e1c lo\u1ea1i t\u00e0i kho\u1ea3n: STP v\u00e0 ECN. Ngo\u00e0i s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 spread v\u00e0 hoa h\u1ed3ng, hai lo\u1ea1i t\u00e0i kho\u1ea3n c\u0169ng s\u1ebd x\u1eed l\u00fd c\u00e1c l\u1ec7nh c\u1ee7a kh\u00e1ch h\u00e0ng \u1edf c\u00e1c ch\u1ebf \u0111\u1ed9 kh\u00e1c nhau qua c\u00e1c n\u1ec1n t\u1ea3ng kh\u00e1c nhau. B\u00e0i vi\u1ebft n\u00e0y s\u1ebd gi\u1edbi thi\u1ec7u cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ec1 s\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa 2 lo\u1ea1i t\u00e0i kho\u1ea3n STP v\u00e0 ECN.<\/p>\n","protected":false},"author":29,"featured_media":29448,"template":"","academy_categories":[11246,11236,11237],"academy_tags":[11285,11284,11283],"class_list":["post-47492","academy","type-academy","status-publish","has-post-thumbnail","hentry","academy_categories-trading-guides-vi","academy_categories-learn-cfd-trading-vi","academy_categories-learn-forex-trading-vi","academy_tags-ecn-vi","academy_tags-stp-vi","academy_tags-tai-khoan-forex"],"acf":[],"current_lang":"vi","_links":{"self":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy\/47492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy"}],"about":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/types\/academy"}],"author":[{"embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/users\/29"}],"version-history":[{"count":0,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy\/47492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/media\/29448"}],"wp:attachment":[{"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/media?parent=47492"}],"wp:term":[{"taxonomy":"academy_categories","embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy_categories?post=47492"},{"taxonomy":"academy_tags","embeddable":true,"href":"https:\/\/www.zfxvn.com\/vi\/wp-json\/wp\/v2\/academy_tags?post=47492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}