{"id":3664,"date":"2020-04-22T23:48:53","date_gmt":"2020-04-22T16:48:53","guid":{"rendered":"https:\/\/hoclamgiau.vn\/?p=3664"},"modified":"2020-05-12T23:40:21","modified_gmt":"2020-05-12T16:40:21","slug":"phan-tich-don-bay-tai-chinh","status":"publish","type":"post","link":"https:\/\/hoclamgiau.vn\/phan-tich-don-bay-tai-chinh\/","title":{"rendered":"Ph\u00e2n t\u00edch \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh v\u00e0 c\u00e1ch s\u1eed d\u1ee5ng trong ch\u1ee9ng kho\u00e1n"},"content":{"rendered":"

Trong kinh doanh kh\u00f4ng d\u00f9ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh<\/strong> \u0111\u01b0\u1ee3c xem l\u00e0 b\u1ea3o th\u1ee7. Nh\u01b0ng m\u00e0 vay n\u1ee3 qu\u00e1 nhi\u1ec1u mang \u0111\u1ebfn r\u1ee7i ro cho nh\u00e0 \u0111\u1ea7u t\u01b0. T\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh, c\u00e1ch s\u1eed d\u1ee5ng c\u00f9ng nh\u1eefng ph\u00e2n t\u00edch chuy\u00ean s\u00e2u s\u1ebd \u0111\u01b0\u1ee3c chia s\u1ebb c\u00f9ng m\u1ecdi ng\u01b0\u1eddi.<\/span><\/p>\n

1. C\u00f3 n\u00ean s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh Margin hay kh\u00f4ng?<\/b><\/span><\/h2>\n

1.1 Nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n\u00a0<\/b><\/span><\/h3>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 nh\u1eefng ng\u01b0\u1eddi c\u00f3 ti\u1ec1n nh\u00e0n r\u1ed7i. H\u1ecd s\u1ebd \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c doanh nghi\u1ec7p t\u1ed1t. H\u1ecd \u00edt khi nh\u00ecn v\u1ec1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng, th\u1ecb tr\u01b0\u1eddng gi\u1ea3m m\u1ea1nh h\u1ecd s\u1ebd mua v\u00e0o nh\u1eefng c\u1ed5 phi\u1ebfu v\u1edbi gi\u00e1 t\u1ed1t. Khi th\u1ecb tr\u01b0\u1eddng t\u0103ng m\u1ea1nh,h\u1ecd th\u01b0\u1eddng c\u00f3 xu h\u01b0\u1edbng ph\u1edbt l\u1edd nh\u1eefng c\u00e1i y\u1ebfu t\u1ed1 l\u1ee3i nhu\u1eadn trong ng\u1eafn h\u1ea1n \u0111\u00f3 \u0111\u1ec3 t\u1eadp trung v\u00e0o l\u1ee3i nhu\u1eadn trong d\u00e0i h\u1ea1n. Ch\u00ednh v\u00ec v\u1eady, nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng r\u1ea5t \u00edt s\u1eed d\u1ee5ng Margin trong \u0111\u1ea7u t\u01b0 t\u00e0i ch\u00ednh.\u00a0<\/span><\/p>\n

1.2 Nh\u00e0 kinh doanh ch\u1ee9ng kho\u00e1n\u00a0<\/b><\/span><\/h3>\n

Nh\u00e0 kinh doanh t\u1ee9c l\u00e0 ng\u01b0\u1eddi ta s\u1ebd ch\u1ee7 y\u1ebfu nh\u00ecn v\u00e0o ch\u00eanh l\u1ec7ch gi\u00e1 \u0111\u1ec3 t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn. H\u1ecd nghi\u00ean c\u1ee9u r\u1ea5t nhi\u1ec1u, t\u00ecm hi\u1ec3u v\u1ec1 c\u00e1c doanh nghi\u1ec7p t\u1ed1t. Ng\u01b0\u1eddi ta s\u1ebd \u0111\u01b0a ra nh\u1eefng chi\u1ebfn l\u01b0\u1ee3c kinh doanh v\u00e0 c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh \u0111\u1ec3 gia t\u0103ng hi\u1ec7u su\u1ea5t t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn trong qu\u00e1 tr\u00ecnh kinh doanh<\/span><\/p>\n

Ch\u00fang ta s\u1ebd kh\u00f4ng ph\u00e1n x\u00e9t r\u1eb1ng nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed1t hay nh\u00e0 kinh doanh t\u1ed1t. N\u1ebfu nh\u01b0 b\u1ea1n ch\u1ecdn ph\u01b0\u01a1ng \u00e1n c\u00e2n b\u1eb1ng \u1edf gi\u1eefa s\u1ebd ra sao? B\u1ea1n v\u1eeba \u0111\u1ea7u t\u01b0 v\u1eeba c\u00f3 th\u1ec3 ch\u1ea5p nh\u1eadn m\u1ea1o hi\u1ec3m l\u01b0\u1edbt s\u00f3ng \u0111\u1ec3 ki\u1ebfm ch\u00eanh l\u1ec7ch t\u1eeb gi\u00e1 c\u1ed5 phi\u1ebfu th\u00ec trong tr\u01b0\u1eddng h\u1ee3p t\u1ed1t nh\u1ea5t b\u1ea1n s\u1ebd ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn t\u1ed1t h\u01a1n. Hoclamgiau kh\u1eb3ng \u0111\u1ecbnh lu\u00f4n \u0111\u00f3 l\u00e0 m\u1ed9t ph\u01b0\u01a1ng \u00e1n r\u1ea5t t\u1ed1t.<\/b><\/span><\/p>\n

1.3 R\u1ee7i ro khi s\u1eed d\u1ee5ng margin trong \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n<\/b><\/span><\/h3>\n

\"r\u1ee7i<\/span><\/p>\n

S\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh \u0111\u01b0\u1ee3c v\u00ed nh\u01b0 con dao hai l\u01b0\u1ee1i. \u0110\u00f2n b\u1ea9y t\u00e0i ch\u00ednh s\u1ebd r\u1ea5t t\u1ed1t n\u1ebfu nh\u01b0 mang l\u1ea1i gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n t\u0103ng l\u00ean nhi\u1ec1u khi th\u1ecb tr\u01b0\u1eddng t\u1ed1t. Nh\u01b0ng s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh l\u00e0 m\u1ed9t c\u00e1i nguy\u00ean nh\u00e2n ch\u00ednh \u0111\u1ec3 cho nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1ecb thua l\u1ed7. Nhi\u1ec1u ng\u01b0\u1eddi thua l\u1ed7 m\u1ea5t v\u1ed1n do s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh qu\u00e1 cao. \u0110\u00f4i khi m\u1ed9t v\u00e0i c\u00f4ng ty ch\u1ee9ng kho\u00e1n h\u1ecd l\u00e0m \u0103n kinh doanh gian d\u1ed1i h\u1ecd v\u00e0 cho m\u1ed9t v\u00e0i kh\u00e1ch h\u00e0ng vay t\u1ef7 l\u1ec7 l\u1edbn h\u01a1n m\u1ee9c cho ph\u00e9p. Ng\u01b0\u1eddi \u0111\u01b0\u1ee3c vay c\u00f3 nguy c\u01a1 b\u1ecb m\u1ea5t v\u1ed1n ng\u00e0y c\u00e0ng ng\u00e0y c\u00e0ng cao n\u1ebfu kh\u00f4ng th\u1ec3 qu\u1ea3n tr\u1ecb t\u1ed1t r\u1ee7i ro.<\/span><\/p>\n

2. S\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh nh\u01b0 th\u1ebf n\u00e0o<\/b><\/span><\/h2>\n

2.1 Ph\u01b0\u01a1ng th\u1ee9c cho vay v\u00e0 l\u00e3i su\u1ea5t<\/b><\/span><\/h3>\n

Trong kinh doanh ch\u1ee9ng kho\u00e1n, c\u00f3 2 ph\u01b0\u01a1ng \u00e1n vay g\u1ed3m: vay t\u1eeb ng\u00e2n h\u00e0ng v\u00e0 vay t\u1eeb c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n.<\/span><\/p>\n

Nh\u00e0 kinh doanh ch\u1ee9ng kho\u00e1n vay c\u1ee7a ng\u00e2n h\u00e0ng v\u1edbi l\u00e3i su\u1ea5t ng\u00e2n h\u00e0ng t\u1eeb 8.5% cho \u0111\u1ebfn 11.5%. C\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n cho vay v\u1edbi l\u00e3i su\u1ea5t cao h\u01a1n l\u00e3i su\u1ea5t ng\u00e2n h\u00e0ng kho\u1ea3ng 2%. V\u1edbi ng\u00e2n h\u00e0ng, cho vay \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u1ebf ch\u1ea5p b\u1eb1ng c\u1ed5 phi\u1ebfu ho\u1eb7c t\u00e0i s\u1ea3n \u0111\u1ea3m b\u1ea3o.<\/span><\/p>\n

\u0110\u1ed1i v\u1edbi c\u00f4ng ty ch\u1ee9ng kho\u00e1n, b\u1ea1n c\u1ea7n c\u00f3 t\u00e0i kho\u1ea3n t\u1ea1i c\u00f4ng ty v\u00e0 n\u1eafm gi\u1eef m\u1ed9t l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu nh\u1ea5t \u0111\u1ecbnh. H\u1ecd s\u1ebd cho b\u1ea1n vay v\u1edbi t\u00e0i s\u1ea3n \u0111\u1ea3m b\u1ea3o l\u00e0 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu b\u1ea1n \u0111ang c\u00f3 trong t\u00e0i kho\u1ea3n. T\u1ef7 l\u1ec7 cho vay th\u00f4ng th\u01b0\u1eddng:1.2, 1.5, 2 tr\u00ean t\u1ed5ng gi\u00e1 tr\u1ecb c\u1ed5 phi\u1ebfu b\u1ea1n \u0111ang c\u00f3. VD: B\u1ea1n \u0111ang c\u00f3 c\u1ed5 phi\u1ebfu tr\u1ecb gi\u00e1 100 tri\u1ec7u \u0111\u01b0\u1ee3c cty ch\u1ee9ng kho\u00e1n cho vay v\u1edbi t\u1ef7 l\u1ec7 1.2. Ngh\u0129a l\u00e0 b\u1ea1n s\u1ebd \u0111\u01b0\u1ee3c vay th\u00eam 20 tri\u1ec7u, t\u1ed5ng v\u1ed1n c\u1ee7a b\u1ea1n s\u1ebd th\u00e0nh 120 tri\u1ec7u.<\/span><\/p>\n

L\u00e3i su\u1ea5t cho vay c\u1ee7a c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n duy tr\u00ec \u1edf m\u1ee9c kho\u1ea3ng t\u1eeb 12% \u0111\u1ebfn 14% m\u1ed9t n\u0103m. C\u00e1c c\u00f4ng ty th\u01b0\u1eddng c\u00f3 ch\u00ednh s\u00e1ch vay c\u00e0ng nhi\u1ec1u th\u00ec l\u00e3i c\u00e0ng th\u1ea5p. M\u1ed7i c\u00f4ng ty s\u1ebd c\u00f3 nh\u1eefng d\u1ecbch v\u1ee5 cho nh\u1eefng kh\u00e1ch h\u00e0ng l\u1edbn. N\u1ebfu ch\u00fang ta l\u00e0 nh\u1eefng ng\u01b0\u1eddi \u0111i vay nhi\u1ec1u th\u00ec ch\u00fang ta s\u1ebd c\u00f3 nh\u1eefng m\u1ee9c l\u00e3i vay \u01b0u \u0111\u00e3i h\u01a1n m\u1ed9t ch\u00fat.\u00a0<\/span><\/p>\n

Vay \u1edf c\u00e1c cty ch\u1ee9ng kho\u00e1n kh\u00f4ng gi\u1ed1ng nh\u01b0 vay ng\u00e2n h\u00e0ng. B\u1ea1n vay c\u00f4ng ty ch\u1ee9ng kho\u00e1n ng\u00e0y n\u00e0o th\u00ec b\u1ea1n s\u1ebd tr\u1ea3 l\u00e3i ng\u00e0y \u0111\u00f3. Th\u00f4ng th\u01b0\u1eddng, h\u1ecd s\u1ebd cho b\u1ea1n vay mi\u1ec5n ph\u00ed l\u00e3i su\u1ea5t trong hai ng\u00e0y \u0111\u1ea7u. Sau \u0111\u00f3, h\u1ec7 th\u1ed1ng s\u1ebd t\u1ef1 \u0111\u1ed9ng t\u00ednh l\u00e3i t\u1eebng ng\u00e0y cho \u0111\u1ebfn khi\u00a0 b\u1ea1n t\u1ea5t to\u00e1n kho\u1ea3n vay. H\u1ec7 th\u1ed1ng s\u1ebd t\u1ef1 thanh to\u00e1n ti\u1ec1n v\u00e0 b\u1ea1n kh\u00f4ng c\u1ea7n ph\u1ea3i l\u00e0m g\u00ec c\u1ea3 . V\u00ec v\u1eady, vay \u1edf c\u00e1c cty ch\u1ee9ng kho\u00e1n r\u1ea5t ti\u1ec7n l\u1ee3i. Nh\u01b0ng c\u0169ng v\u00ec \u0111i\u1ec1u n\u00e0y m\u00e0 nhi\u1ec1u khi ch\u00fang ta vay m\u1ed9t c\u00e1ch b\u1eeba b\u00e3i, kh\u00f4ng bi\u1ebft c\u00e1ch \u0111\u1ec3 s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh d\u1eabn \u0111\u1ebfn \u00e2m v\u1ed1n v\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng hi\u1ec7u qu\u1ea3.<\/span><\/p>\n

2.2 T\u1ef7 l\u1ec7 s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh bao nhi\u00eau h\u1ee3p l\u00fd<\/b><\/span><\/h3>\n

Ch\u00fang ta c\u00f9ng xem x\u00e9t c\u00e1c doanh nghi\u1ec7p l\u1edbn tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n s\u1eed d\u1ee5ng t\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh nh\u01b0 th\u1ebf n\u00e0o. Sau \u0111\u00f3, ch\u00fang ta s\u1ebd d\u1ef1a v\u00e0o nh\u1eefng t\u1ef7 l\u1ec7 n\u00e0y \u0111\u1ec3 ch\u1ecdn l\u1ef1a t\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh h\u1ee3p l\u00fd.<\/span><\/p>\n

Ch\u00fang ta c\u00f9ng \u0111i\u1ec3m qua c\u00e1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u1ee7a c\u00e1c doanh nghi\u1ec7p l\u1edbn nh\u01b0 Th\u1ebf gi\u1edbi di \u0111\u1ed9ng, VinaMilk,… \u0110\u00e2y l\u00e0 nh\u1eefng doanh nghi\u1ec7p r\u1ea5t l\u00e0 t\u1ed1t tr\u00ean th\u1ecb tr\u01b0\u1eddng v\u00e0 c\u00f3 th\u1ec3 mang l\u1ea1i gi\u00e1 tr\u1ecb cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trong d\u00e0i h\u1ea1n. Nh\u01b0ng ch\u00fang ta s\u1ebd th\u1ea5y h\u1ecd c\u0169ng \u0111i vay n\u1ee3. Trong kinh doanh, h\u1ea7u nh\u01b0 doanh nghi\u1ec7p n\u00e0o c\u0169ng s\u1ebd \u0111i vay n\u1ee3.<\/span><\/p>\n

\"B\u00e1o<\/span><\/p>\n

N\u1ebfu nh\u01b0 doanh nghi\u1ec7p kh\u00f4ng \u0111i vay n\u1ee3 th\u00ec doanh nghi\u1ec7p \u0111\u00f3 c\u00f3 l\u1ebd s\u1ebd kh\u00f4ng t\u1eadn d\u1ee5ng \u0111\u01b0\u1ee3c h\u1ebft nh\u1eefng c\u01a1 h\u1ed9i kinh doanh. B\u1edfi v\u00ec khi m\u00e0 n\u1ec1n kinh t\u1ebf \u0111ang t\u0103ng tr\u01b0\u1edfng t\u1ed1t, ng\u00e0nh ngh\u1ec1 kinh doanh \u0111ang trong giai \u0111o\u1ea1n ph\u00e1t tri\u1ec3n, doanh nghi\u1ec7p kh\u00f4ng d\u00e1m ch\u1ea5p nh\u1eadn m\u1ed9t ch\u00fat r\u1ee7i ro th\u00ec s\u1ef1 gia t\u0103ng quy m\u00f4 c\u1ee7a doanh nghi\u1ec7p s\u1ebd t\u0103ng tr\u01b0\u1edfng ch\u1eadm h\u01a1n so v\u1edbi c\u00e1c doanh nghi\u1ec7p kh\u00e1c c\u00f9ng ng\u00e0nh. R\u1ea5t kh\u00f3 cho nh\u1eefng doanh nghi\u1ec7p kh\u00f4ng vay n\u1ee3 c\u00f3 th\u1ec3 gia t\u0103ng t\u00e0i s\u1ea3n nhanh \u0111\u01b0\u1ee3c.<\/span><\/p>\n

Nh\u01b0ng doanh nghi\u1ec7p vay n\u1ee3 v\u1edbi m\u1ed9t m\u1ee9c nh\u01b0 th\u1ebf n\u00e0o? Gi\u1ea3 s\u1eed v\u1ed1n doanh nghi\u1ec7p c\u00f3 17.000 t\u1ef7, h\u1ecd vay kho\u1ea3ng 6.000 t\u1ef7. T\u1ef7 l\u1ec7 vay v\u1ed1n c\u1ee7a doanh nghi\u1ec7p kho\u1ea3ng 35% tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu. \u0110\u00e2y l\u00e0 v\u00ed d\u1ee5 trong m\u00f4 h\u00ecnh kinh doanh c\u1ee7a doanh nghi\u1ec7p, kh\u00f4ng c\u00f3 li\u00ean quan g\u00ec \u0111\u1ebfn \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n. Nh\u01b0ng \u0111\u00e2y l\u00e0 v\u00ed d\u1ee5 cho th\u1ea5y c\u00e1c t\u1eadp \u0111o\u00e0n l\u1edbn h\u1ecd vay kho\u1ea3ng 35%.<\/span><\/p>\n

C\u00f2n v\u1edbi ch\u00fang ta, b\u1ea1n kh\u00f4ng n\u00ean vay qu\u00e1 30% trong \u0111\u1ea7u t\u01b0, kinh doanh ch\u1ee9ng kho\u00e1n. C\u00e1c doanh nghi\u1ec7p l\u1edbn \u0111\u00e3 c\u00f3 t\u00ean tu\u1ed5i r\u1ea5t l\u1edbn tr\u00ean th\u1ecb tr\u01b0\u1eddng, h\u1ec7 th\u1ed1ng \u0111o l\u01b0\u1eddng c\u00e1c r\u1ee7i ro v\u1ec1 t\u00e0i ch\u00ednh r\u1ed3i m\u00e0 h\u1ecd c\u00f2n kh\u00f4ng d\u00e1m v\u01b0\u1ee3t qua t\u1ef7 l\u1ec7 35%. V\u00ec v\u1eady, nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf c\u0169ng kh\u00f4ng n\u00ean v\u01b0\u1ee3t qu\u00e1 t\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y n\u00e0y. Ch\u00fang ta ch\u1ec9 n\u00ean ch\u1ecdn t\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y 10%, 20%, t\u1ed1i \u0111a kh\u00f4ng v\u01b0\u1ee3t 30%.<\/span><\/p>\n

3. S\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh nh\u01b0 th\u1ebf n\u00e0o cho hi\u1ec7u qu\u1ea3\u00a0<\/b><\/span><\/h2>\n

3.1 Th\u1eddi \u0111i\u1ec3m \u0111\u1ea7u t\u01b0<\/b><\/span><\/h3>\n

N\u1ebfu nh\u01b0 b\u1ea1n m\u00e0 mua c\u1ed5 phi\u1ebfu b\u1eb1ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh trong khi gi\u00e1 c\u1ed5 phi\u1ebfu xu\u1ed1ng ho\u00e0i th\u00ec nguy c\u01a1 m\u1ea5t v\u1ed1n c\u1ee7a b\u1ea1n c\u00e0ng ng\u00e0y c\u00e0ng cao. M\u00ecnh ch\u1ec9 s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh khi c\u00e1i c\u1ed5 phi\u1ebfu \u0111\u00f3 \u0111ang trong xu h\u01b0\u1edbng t\u0103ng c\u00f2n g\u1ecdi uptrend.<\/span><\/p>\n

Xu h\u01b0\u1edbng uptrend ngh\u0129a l\u00e0 gi\u00e1 c\u1ed5 phi\u1ebfu \u1edf \u0111\u00e1y sau lu\u00f4n cao h\u01a1n \u0111\u00e1y tr\u01b0\u1edbc v\u00e0 \u0111\u1ec9nh sau cao h\u01a1n \u0111\u1ec9nh tr\u01b0\u1edbc. Trong xu h\u01b0\u1edbng uptrend n\u00e0y s\u1ebd c\u00f3 nh\u1eefng nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh v\u1edbi thanh kho\u1ea3n r\u1ea5t th\u1ea5p. Khi b\u1ea1n mua c\u1ed5 phi\u1ebfu m\u00e0 th\u1ecb tr\u01b0\u1eddng \u0111ang trong xu h\u01b0\u1edbng uptrend th\u00ec x\u00e1c su\u1ea5t \u0111\u1ec3 b\u1ea1n \u0111\u01b0\u1ee3c doanh nghi\u1ec7p c\u00f3 t\u0103ng tr\u01b0\u1edfng t\u1ed1t r\u1ea5t l\u1edbn.<\/span><\/p>\n

Kh\u00f4ng bao gi\u1edd mua c\u1ed5 phi\u1ebfu \u0111ang r\u01a1i v\u00e0o xu h\u01b0\u1edbng gi\u1ea3m gi\u00e1 downtrend. \u1ede xu h\u01b0\u1edbng n\u00e0y, gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f3 xu h\u01b0\u1edbng gi\u1ea3m li\u00ean t\u1ee5c v\u00e0 r\u1ea5t kh\u00f3 \u0111\u1ec3 kh\u00f4i ph\u1ee5c trong ng\u1eafn h\u1ea1n. Khi c\u1ed5 phi\u1ebfu doanh nghi\u1ec7p \u0111\u00e3 gi\u1ea3m gi\u00e1 r\u1ea5t s\u00e2u v\u00e0 b\u1ea1n mua \u1edf th\u1eddi \u0111i\u1ec3m n\u00e0y c\u00f3 th\u1ec3 s\u1ebd thua l\u1ed7 l\u1edbn.<\/span><\/p>\n

>> H\u1ecdc th\u00eam c\u00e1c ki\u1ebfn th\u1ee9c v\u1ec1 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n<\/a>. N\u1ebfu b\u1ea1n ch\u01b0a bi\u1ebft v\u1ec1 xu h\u01b0\u1edbng uptrend v\u00e0 downtrend th\u00ec b\u1ea1n n\u00ean xem qua Uptrend v\u00e0 Downtrend l\u00e0 g\u00ec v\u00e0 5 C\u00e1ch nh\u1eadn bi\u1ebft D\u1ec4 KH\u00d4NG T\u01af\u1edeNG<\/a><\/strong><\/span><\/p><\/blockquote>\n

3.2 Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt<\/b><\/span><\/h3>\n

\u0110\u1ec3 s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh hi\u1ec7u qu\u1ea3 th\u00ec xu h\u01b0\u1edbng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ph\u1ea3i l\u00e0 m\u1ed9t xu h\u01b0\u1edbng t\u1ed1t. Trong ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt, th\u1ecb tr\u01b0\u1eddng t\u1ed1t khi \u0111\u01b0\u1eddng MA \u0111\u1ea1t m\u1ed1c 200 tr\u1edf l\u00ean.\u00a0<\/span><\/p>\n

Ngo\u00e0i ra, b\u1ea1n ph\u1ea3i k\u1ebft h\u1ee3p v\u1edbi v\u1ea5n \u0111\u1ec1 ph\u00e2n t\u00edch v\u1ec1 chu k\u1ef3 kinh doanh theo t\u1eebng qu\u00fd c\u1ee7a doanh nghi\u1ec7p, ph\u00e2n t\u00edch v\u1ec1 c\u00e1i t\u0103ng tr\u01b0\u1edfng GDP, ph\u00e2n t\u00edch v\u1ec1 c\u00e1c ho\u1ea1t \u0111\u1ed9ng mua b\u00e1n c\u1ee7a kh\u1ed1i ngo\u1ea1i trong th\u1eddi gian qua, nh\u1eefng bi\u1ebfn \u0111\u1ed9ng g\u1ea7n \u0111\u00e2y tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n th\u1ebf gi\u1edbi.<\/span><\/p>\n

Sau khi k\u1ebft h\u1ee3p t\u1ea5t c\u1ea3 nh\u1eefng th\u00f4ng tin \u0111\u00f3, ch\u00fang ta m\u1edbi \u0111\u1ec1 ra chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 hi\u1ec7u qu\u1ea3. Ho\u00e0n to\u00e0n kh\u00f4ng ph\u1ea3i vi\u1ec7c th\u1ecb tr\u01b0\u1eddng \u0111ang t\u0103ng th\u00ec b\u1ea1n m\u1eb7c \u0111\u1ecbnh mua v\u00e0o c\u1ed5 phi\u1ebfu m\u00e0 s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh.<\/span><\/p>\n

\u0110\u1ed1i v\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00e0o m\u00e0 \u0111\u00e3 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n v\u00e0 c\u00f3 \u00fd \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 b\u1eb1ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh. V\u1edbi l\u01b0\u1ee3ng v\u1ed1n m\u00e0 b\u1ea1n \u0111ang \u0111\u1ea7u t\u01b0, hi\u1ec7u qu\u1ea3 m\u00e0 c\u1ed5 phi\u1ebfu mang l\u1ea1i d\u1ef1 \u0111\u1ecbnh t\u1eeb 5% \u0111\u1ebfn 10% th\u00ec ch\u00fang ta m\u1edbi s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh. Ngh\u0129a l\u00e0 ch\u00fang ta t\u00ednh t\u1ed5ng t\u1ea5t c\u1ea3 chi ph\u00ed v\u1ed1n b\u1ecf ra v\u00e0 d\u1ef1 t\u00ednh t\u1ef7 l\u1ec7 l\u1ee3i nhu\u1eadn \u0111\u1ea1t 5% \u0111\u1ebfn 10%.<\/span><\/p>\n

3.3 Ch\u00fa \u00fd quan tr\u1ecdng khi s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y<\/b><\/span><\/h3>\n

Khi s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh ngh\u0129a l\u00e0 ch\u00fang ta x\u00e1c \u0111\u1ecbnh kh\u00f4ng \u0111\u1ea7u t\u01b0 l\u00e2u d\u00e0i m\u1ed9t m\u00e3 c\u1ed5 phi\u1ebfu. Khi c\u1ed5 phi\u1ebfu \u0111\u00e3 \u0111\u1ea1t 1 t\u1ef7 su\u1ea5t sinh l\u1eddi \u0111\u00e3 \u0111\u1ec1 ra, ho\u1eb7c c\u1ed5 phi\u1ebfu vi ph\u1ea1m nh\u1eefng chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 th\u00ec ch\u00fang ta s\u1ebd b\u00e1n ra.<\/span><\/p>\n

Trong tr\u01b0\u1eddng h\u1ee3p c\u00f3 nh\u1eefng t\u00edn hi\u1ec7u x\u1ea5u t\u1eeb th\u1ecb tr\u01b0\u1eddng th\u00ec ch\u00fang ta ph\u1ea3i qu\u1ea3n tr\u1ecb v\u1ed1n ngay l\u1eadp t\u1ee9c. B\u1ea1n \u0111\u1eebng bao gi\u1edd mua khi m\u00e0 c\u1ed5 phi\u1ebfu n\u00f3 tho\u00e1t kh\u1ecfi xu\u1ed1ng xu h\u01b0\u1edbng t\u0103ng. Ch\u00fang ta c\u0169ng kh\u00f4ng n\u00ean bao gi\u1edd mua khi m\u00e0 \u0111\u01b0\u1eddng trung b\u00ecnh gi\u00e1 \u0111ang \u1edf m\u1ee9c th\u1ea5p. T\u1ea5t nhi\u00ean l\u00e0 th\u1ecb tr\u01b0\u1eddng n\u00f3 s\u1ebd c\u00f3 nh\u1eefng giai \u0111o\u1ea1n gi\u1ea3m. Khi suy gi\u1ea3m th\u1eddi gian d\u00e0i r\u1ed3i th\u1ecb tr\u01b0\u1eddng s\u1ebd t\u0103ng tr\u1edf l\u1ea1i. Trong giai \u0111o\u1ea1n t\u0103ng, s\u1ebd c\u00f3 nh\u1eefng ng\u01b0\u1eddi c\u00f3 nhu c\u1ea7u s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh v\u00e0 ch\u00fang ta kh\u00f4ng \u0111\u00e1nh \u0111\u1ed3ng v\u1edbi v\u1ea5n \u0111\u1ec1 \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh x\u1ea5u hay t\u1ed1t.<\/span><\/p>\n

\u0110\u00f2n b\u1ea9y t\u00e0i ch\u00ednh nh\u01b0 con dao hai l\u01b0\u1ee1i v\u00e0 t\u00f9y v\u00e0o c\u00e1ch s\u1eed d\u1ee5ng c\u1ee7a m\u1ed7i ng\u01b0\u1eddi. Kh\u00f4ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh r\u1ea5t an to\u00e0n v\u00e0 \u0111\u1ed3ng ngh\u0129a v\u1edbi l\u1ee3i nhu\u1eadn th\u1ea5p trong ng\u1eafn h\u1ea1n. S\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh m\u1ed9t ch\u00fat s\u1ebd ki\u1ebfm th\u00eam \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn. Tuy nhi\u00ean, ch\u00fang ta kh\u00f4ng s\u1eed d\u1ee5ng ch\u00fang qu\u00e1 \u0111\u00e0, b\u1eeba b\u00e3i v\u00e0 ch\u01a1i ch\u1ee9ng kho\u00e1n t\u1ea5t tay.\u00a0<\/span><\/p>\n

>> C\u00f3 l\u1ebd b\u1ea1n c\u00e0n bi\u1ebft Free margin trong Forex l\u00e0 g\u00ec? C\u00e1ch t\u00ednh Free margin<\/a><\/span><\/strong><\/p>\n

Hy v\u1ecdng v\u1edbi nh\u1eefng chia s\u1ebb c\u1ee7a <\/span>hoclamgiau<\/span><\/a> s\u1ebd gi\u00fap cho c\u00e1c b\u1ea1n thay \u0111\u1ed5i t\u01b0 duy v\u1ec1 s\u1eed d\u1ee5ng margin trong \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n. T\u01b0 duy trong \u0111\u1ea7u t\u01b0 \u0111\u00e3 \u0111\u00fang th\u00ec vi\u1ec7c \u0111\u1ea7u t\u01b0 s\u1ebd r\u1ea5t d\u1ec5 d\u00e0ng v\u00e0 hi\u1ec7u qu\u1ea3.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Trong kinh doanh kh\u00f4ng d\u00f9ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh \u0111\u01b0\u1ee3c xem l\u00e0 b\u1ea3o th\u1ee7. Nh\u01b0ng m\u00e0 vay n\u1ee3 qu\u00e1 nhi\u1ec1u mang \u0111\u1ebfn r\u1ee7i ro cho nh\u00e0 \u0111\u1ea7u t\u01b0. T\u1ef7 l\u1ec7 \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh, c\u00e1ch s\u1eed d\u1ee5ng c\u00f9ng nh\u1eefng ph\u00e2n t\u00edch chuy\u00ean s\u00e2u s\u1ebd \u0111\u01b0\u1ee3c chia s\u1ebb c\u00f9ng m\u1ecdi ng\u01b0\u1eddi. 1. C\u00f3 n\u00ean s\u1eed d\u1ee5ng […]<\/p>\n","protected":false},"author":155708580,"featured_media":3668,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[433939229],"tags":[],"_links":{"self":[{"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/posts\/3664"}],"collection":[{"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/users\/155708580"}],"replies":[{"embeddable":true,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/comments?post=3664"}],"version-history":[{"count":0,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/posts\/3664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/media\/3668"}],"wp:attachment":[{"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/media?parent=3664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/categories?post=3664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/tags?post=3664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}