{"id":324518,"date":"2025-07-31T14:03:16","date_gmt":"2025-07-31T14:03:16","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/what-are-stock-options-2\/"},"modified":"2025-07-31T14:03:16","modified_gmt":"2025-07-31T14:03:16","slug":"what-are-stock-options","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/learning\/what-are-stock-options\/","title":{"rendered":"T\u00f9y ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec: B\u00e0i vi\u1ebft \u0111\u1ea7u t\u01b0 th\u00f4ng minh ho\u00e0n ch\u1ec9nh"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":323873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[28,39,45,44],"class_list":["post-324518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learning","tag-investment","tag-platform","tag-stock","tag-strategy"],"acf":{"h1":"Pocket Option: T\u00f9y ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec","h1_source":{"label":"H1","type":"text","formatted_value":"Pocket Option: T\u00f9y ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec"},"description":"Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec? Kh\u00e1m ph\u00e1 c\u00e1ch c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh n\u00e0y c\u00f3 th\u1ec3 bi\u1ebfn \u0111\u1ed5i chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil v\u1edbi Pocket Option","description_source":{"label":"Description","type":"textarea","formatted_value":"Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec? Kh\u00e1m ph\u00e1 c\u00e1ch c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh n\u00e0y c\u00f3 th\u1ec3 bi\u1ebfn \u0111\u1ed5i chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil v\u1edbi Pocket Option"},"intro":"Hi\u1ec3u v\u1ec1 quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 ho\u00e0n to\u00e0n thay \u0111\u1ed5i chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil. Ki\u1ebfn th\u1ee9c n\u00e0y cho ph\u00e9p b\u1ea1n ti\u1ebfp c\u1eadn c\u00e1c c\u01a1 h\u1ed9i \u0111\u1ed9c quy\u1ec1n, b\u1ea3o v\u1ec7 danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n kh\u1ecfi s\u1ef1 bi\u1ebfn \u0111\u1ed9ng, v\u00e0 t\u1ed1i \u0111a h\u00f3a k\u1ebft qu\u1ea3 c\u1ee7a b\u1ea1n ngay c\u1ea3 trong c\u00e1c k\u1ecbch b\u1ea3n kinh t\u1ebf kh\u00f3 kh\u0103n. Trong b\u00e0i vi\u1ebft n\u00e0y, ch\u00fang t\u00f4i l\u00e0m s\u00e1ng t\u1ecf quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil \u1edf m\u1ecdi c\u1ea5p \u0111\u1ed9.","intro_source":{"label":"Intro","type":"text","formatted_value":"Hi\u1ec3u v\u1ec1 quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 ho\u00e0n to\u00e0n thay \u0111\u1ed5i chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil. Ki\u1ebfn th\u1ee9c n\u00e0y cho ph\u00e9p b\u1ea1n ti\u1ebfp c\u1eadn c\u00e1c c\u01a1 h\u1ed9i \u0111\u1ed9c quy\u1ec1n, b\u1ea3o v\u1ec7 danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n kh\u1ecfi s\u1ef1 bi\u1ebfn \u0111\u1ed9ng, v\u00e0 t\u1ed1i \u0111a h\u00f3a k\u1ebft qu\u1ea3 c\u1ee7a b\u1ea1n ngay c\u1ea3 trong c\u00e1c k\u1ecbch b\u1ea3n kinh t\u1ebf kh\u00f3 kh\u0103n. Trong b\u00e0i vi\u1ebft n\u00e0y, ch\u00fang t\u00f4i l\u00e0m s\u00e1ng t\u1ecf quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil \u1edf m\u1ecdi c\u1ea5p \u0111\u1ed9."},"body_html":"<div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Trong th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh Brazil, n\u01a1i h\u01a1n 5 tri\u1ec7u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 tham gia t\u00edch c\u1ef1c theo d\u1eef li\u1ec7u c\u1ee7a B3 t\u1eeb n\u0103m 2024, <b>quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu<\/b> n\u1ed5i l\u00ean nh\u01b0 nh\u1eefng c\u00f4ng c\u1ee5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ec3 \u0111a d\u1ea1ng h\u00f3a v\u00e0 b\u1ea3o v\u1ec7 t\u00e0i s\u1ea3n. V\u1edbi m\u1ee9c t\u0103ng tr\u01b0\u1edfng 35% trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng ph\u00e1i sinh trong n\u0103m qua, ph\u00e2n kh\u00fac n\u00e0y \u0111\u00e3 thu h\u00fat c\u1ea3 nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 kinh nghi\u1ec7m v\u00e0 ng\u01b0\u1eddi m\u1edbi b\u1eaft \u0111\u1ea7u t\u00ecm c\u00e1ch t\u1ed1i \u01b0u h\u00f3a k\u1ebft qu\u1ea3 c\u1ee7a h\u1ecd tr\u01b0\u1edbc s\u1ef1 bi\u1ebfn \u0111\u1ed9ng \u0111\u1eb7c tr\u01b0ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u1ee7a ch\u00fang ta.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Quy\u1ec1n ch\u1ecdn \u0111\u1ea1i di\u1ec7n cho m\u1ed9t s\u1ef1 ph\u00e1t tri\u1ec3n t\u1ef1 nhi\u00ean cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 n\u1eafm v\u1eefng c\u00e1c t\u00e0i s\u1ea3n c\u01a1 b\u1ea3n v\u00e0 hi\u1ec7n \u0111ang t\u00ecm ki\u1ebfm s\u1ef1 tinh vi h\u01a1n trong chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a h\u1ecd. T\u1ea1i B3, kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch quy\u1ec1n ch\u1ecdn trung b\u00ecnh h\u00e0ng ng\u00e0y \u0111\u00e3 v\u01b0\u1ee3t qu\u00e1 R$3 t\u1ef7 v\u00e0o n\u0103m 2023, cho th\u1ea5y t\u1ea7m quan tr\u1ecdng ng\u00e0y c\u00e0ng t\u0103ng c\u1ee7a c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y trong b\u1ed1i c\u1ea3nh qu\u1ed1c gia.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec: kh\u00e1i ni\u1ec7m c\u01a1 b\u1ea3n v\u1edbi v\u00ed d\u1ee5 th\u1ef1c t\u1ebf<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>N\u00f3i m\u1ed9t c\u00e1ch tr\u1ef1c ti\u1ebfp, <b>quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec<\/b>? \u0110\u00e2y l\u00e0 c\u00e1c h\u1ee3p \u0111\u1ed3ng ti\u00eau chu\u1ea9n h\u00f3a cho ph\u00e9p ng\u01b0\u1eddi n\u1eafm gi\u1eef quy\u1ec1n (kh\u00f4ng ph\u1ea3i ngh\u0129a v\u1ee5) mua ho\u1eb7c b\u00e1n m\u1ed9t s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu c\u1ee5 th\u1ec3 v\u1edbi gi\u00e1 \u0111\u00e3 \u0111\u1ecbnh tr\u01b0\u1edbc (gi\u00e1 th\u1ef1c hi\u1ec7n) cho \u0111\u1ebfn m\u1ed9t ng\u00e0y x\u00e1c \u0111\u1ecbnh (ng\u00e0y h\u1ebft h\u1ea1n). T\u1ea1i Brazil, n\u01a1i B3 ghi nh\u1eadn h\u01a1n 350.000 h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c giao d\u1ecbch h\u00e0ng ng\u00e0y v\u00e0o n\u0103m 2023, c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y ho\u1ea1t \u0111\u1ed9ng nh\u01b0 c\u00f4ng c\u1ee5 cho c\u1ea3 \u0111\u00f2n b\u1ea9y v\u00e0 b\u1ea3o v\u1ec7.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ef1 h\u1ecfi <b>quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec<\/b> trong th\u1ef1c t\u1ebf, ch\u00fang ta c\u00f3 th\u1ec3 \u0111\u1ecbnh ngh\u0129a ch\u00fang l\u00e0 c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh ph\u00e1i sinh ho\u1ea1t \u0111\u1ed9ng nh\u01b0 m\u1ed9t lo\u1ea1i \"h\u1ee3p \u0111\u1ed3ng b\u1ea3o hi\u1ec3m\" ho\u1eb7c \"c\u01b0\u1ee3c \u0111\u1ecbnh h\u01b0\u1edbng\" v\u1ec1 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 trong t\u01b0\u01a1ng lai c\u1ee7a m\u1ed9t c\u1ed5 phi\u1ebfu, v\u1edbi r\u1ee7i ro v\u00e0 ph\u1ea7n th\u01b0\u1edfng \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh r\u00f5 r\u00e0ng t\u1ea1i th\u1eddi \u0111i\u1ec3m k\u00fd k\u1ebft.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m \u0111\u1ed9c \u0111\u00e1o \u0111\u00f2i h\u1ecfi ki\u1ebfn th\u1ee9c c\u1ee5 th\u1ec3. V\u00ed d\u1ee5, trong khi \u1edf M\u1ef9 c\u00f3 quy\u1ec1n ch\u1ecdn cho h\u01a1n 4.500 c\u1ed5 phi\u1ebfu, t\u1ea1i Brazil ch\u1ec9 c\u00f3 kho\u1ea3ng 60 c\u1ed5 phi\u1ebfu c\u00f3 quy\u1ec1n ch\u1ecdn ni\u00eam y\u1ebft, v\u1edbi thanh kho\u1ea3n \u0111\u00e1ng k\u1ec3 t\u1eadp trung v\u00e0o ch\u1ec9 20 c\u00f4ng ty. N\u1ec1n t\u1ea3ng <b>Pocket Option<\/b> cung c\u1ea5p t\u00e0i li\u1ec7u gi\u00e1o d\u1ee5c \u0111\u1ed9c quy\u1ec1n v\u1ec1 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m ri\u00eang bi\u1ec7t c\u1ee7a th\u1ecb tr\u01b0\u1eddng qu\u1ed1c gia, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n h\u1ecdc t\u1eadp cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil \u1edf m\u1ecdi c\u1ea5p \u0111\u1ed9 kinh nghi\u1ec7m.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Gi\u1ea3i ph\u1eabu chi ti\u1ebft c\u1ee7a m\u1ed9t h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn Brazil<\/h3><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Y\u1ebfu t\u1ed1<\/th><th>M\u00f4 t\u1ea3<\/th><th>V\u00ed d\u1ee5 th\u1ef1c t\u1ebf tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil<\/th><\/tr><\/thead><tbody><tr><td>T\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/td><td>C\u1ed5 phi\u1ebfu c\u01a1 s\u1edf t\u1ea1o th\u00e0nh n\u1ec1n t\u1ea3ng c\u1ee7a h\u1ee3p \u0111\u1ed3ng<\/td><td>PETR4 (Petrobras PN), VALE3 (Vale ON), ITUB4 (Ita\u00fa PN)<\/td><\/tr><tr><td>Gi\u00e1 th\u1ef1c hi\u1ec7n<\/td><td>Gi\u00e1 tr\u1ecb \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc \u0111\u1ec3 th\u1ef1c hi\u1ec7n quy\u1ec1n<\/td><td>R$32.57 (gi\u00e1 th\u1ef1c t\u1ebf c\u1ee7a m\u1ed9t lo\u1ea1t quy\u1ec1n ch\u1ecdn Petrobras v\u00e0o th\u00e1ng 2\/2024)<\/td><\/tr><tr><td>Ng\u00e0y h\u1ebft h\u1ea1n<\/td><td>H\u1ea1n ch\u00f3t \u0111\u1ec3 th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn<\/td><td>15\/04\/2024 (th\u1ee9 hai th\u1ee9 ba c\u1ee7a th\u00e1ng, ti\u00eau chu\u1ea9n B3)<\/td><\/tr><tr><td>Ph\u00ed quy\u1ec1n ch\u1ecdn<\/td><td>Gi\u00e1 tr\u1ecb m\u00e0 ng\u01b0\u1eddi mua tr\u1ea3 cho ng\u01b0\u1eddi b\u00e1n<\/td><td>R$1.35 m\u1ed7i c\u1ed5 phi\u1ebfu (v\u00ed d\u1ee5 v\u1ec1 m\u1ed9t quy\u1ec1n ch\u1ecdn mua VALE3 v\u1edbi 60 ng\u00e0y \u0111\u1ebfn h\u1ea1n)<\/td><\/tr><tr><td>Lo\u1ea1i (mua ho\u1eb7c b\u00e1n)<\/td><td>Quy\u1ec1n mua ho\u1eb7c b\u00e1n<\/td><td>VALEM45 (quy\u1ec1n ch\u1ecdn mua Vale) ho\u1eb7c VALEP45 (quy\u1ec1n ch\u1ecdn b\u00e1n Vale)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec3u r\u00f5 c\u00e1c th\u00e0nh ph\u1ea7n n\u00e0y l\u00e0 \u0111i\u1ec1u c\u01a1 b\u1ea3n \u0111\u1ec3 ho\u1ea1t \u0111\u1ed9ng an to\u00e0n. <b>Pocket Option<\/b> cung c\u1ea5p c\u00e1c tr\u00ecnh m\u00f4 ph\u1ecfng cho ph\u00e9p b\u1ea1n h\u00ecnh dung c\u00e1ch m\u1ed7i y\u1ebfu t\u1ed1 n\u00e0y \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn k\u1ebft qu\u1ea3 cu\u1ed1i c\u00f9ng c\u1ee7a ho\u1ea1t \u0111\u1ed9ng, cung c\u1ea5p h\u1ecdc t\u1eadp th\u1ef1c t\u1ebf cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u c\u1ee7a h\u00e0nh tr\u00ecnh.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng trong b\u1ed1i c\u1ea3nh Brazil: c\u01a1 ch\u1ebf v\u00e0 v\u00ed d\u1ee5 s\u1ed1<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 hi\u1ec3u r\u00f5 <b>c\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng<\/b> tr\u00ean th\u1ecb tr\u01b0\u1eddng qu\u1ed1c gia, h\u00e3y ph\u00e2n t\u00edch hai lo\u1ea1i ch\u00ednh v\u1edbi v\u00ed d\u1ee5 th\u1ef1c t\u1ebf v\u00e0 t\u00ednh to\u00e1n ch\u00ednh x\u00e1c:<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Quy\u1ec1n ch\u1ecdn mua: c\u01a1 ch\u1ebf v\u00e0 k\u1ebft qu\u1ea3 th\u1ef1c t\u1ebf<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Quy\u1ec1n ch\u1ecdn mua c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng nh\u01b0 m\u1ed9t \"quy\u1ec1n mua trong t\u01b0\u01a1ng lai.\" Tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil, m\u1ed9t quy\u1ec1n ch\u1ecdn mua Petrobras v\u1edbi m\u00e3 PETRJ32 (h\u1ebft h\u1ea1n th\u00e1ng 4, gi\u00e1 th\u1ef1c hi\u1ec7n R$32.00) \u0111\u01b0\u1ee3c giao d\u1ecbch \u1edf m\u1ee9c R$1.75 \u0111\u1ea1i di\u1ec7n cho quy\u1ec1n mua c\u1ed5 phi\u1ebfu PETR4 \u1edf m\u1ee9c R$32.00 cho \u0111\u1ebfn khi h\u1ebft h\u1ea1n, b\u1ea5t k\u1ec3 gi\u00e1 th\u1ecb tr\u01b0\u1eddng c\u1ee7a c\u1ed5 phi\u1ebfu.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>V\u00ed d\u1ee5 th\u1ef1c t\u1ebf v\u1edbi s\u1ed1 li\u1ec7u th\u1ef1c: V\u00e0o th\u00e1ng 2\/2024, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 mua 10 h\u1ee3p \u0111\u1ed3ng PETRJ32 (m\u1ed7i h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 100 c\u1ed5 phi\u1ebfu) v\u1edbi gi\u00e1 R$1.75 m\u1ed7i c\u1ed5 phi\u1ebfu, t\u1ed5ng c\u1ed9ng R$1,750.00 \u0111\u1ea7u t\u01b0. N\u1ebfu \u0111\u1ebfn khi h\u1ebft h\u1ea1n gi\u00e1 c\u1ee7a PETR4 \u0111\u1ea1t R$36.00, k\u1ebft qu\u1ea3 s\u1ebd l\u00e0:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i nhu\u1eadn khi th\u1ef1c hi\u1ec7n: (R$36.00 - R$32.00) \u00d7 1,000 c\u1ed5 phi\u1ebfu = R$4,000.00<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i nhu\u1eadn r\u00f2ng: R$4,000.00 - R$1,750.00 = R$2,250.00<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i t\u1ee9c \u0111\u1ea7u t\u01b0: 128.57% trong kho\u1ea3ng 60 ng\u00e0y<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>N\u1ebfu c\u1ed5 phi\u1ebfu v\u1eabn d\u01b0\u1edbi R$32.00, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd m\u1ea5t R$1,750.00 \u0111\u00e3 \u0111\u1ea7u t\u01b0, nh\u01b0ng s\u1ebd c\u00f3 r\u1ee7i ro gi\u1edbi h\u1ea1n ch\u00ednh x\u00e1c \u1edf s\u1ed1 ti\u1ec1n n\u00e0y, kh\u00f4ng gi\u1ed1ng nh\u01b0 c\u00e1c v\u1ecb th\u1ebf k\u00fd qu\u1ef9 ho\u1eb7c v\u1ecb th\u1ebf \u0111\u00f2n b\u1ea9y.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Quy\u1ec1n ch\u1ecdn b\u00e1n: b\u1ea3o v\u1ec7 t\u00e0i s\u1ea3n \u0111\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Quy\u1ec1n ch\u1ecdn b\u00e1n ho\u1ea1t \u0111\u1ed9ng nh\u01b0 \"b\u1ea3o hi\u1ec3m\" ch\u1ed1ng l\u1ea1i s\u1ef1 gi\u1ea3m gi\u00e1. T\u1ea1i Brazil, n\u01a1i bi\u1ebfn \u0111\u1ed9ng trung b\u00ecnh v\u01b0\u1ee3t qu\u00e1 25% so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n theo d\u1eef li\u1ec7u c\u1ee7a B3, c\u00f4ng c\u1ee5 n\u00e0y \u0111\u1eb7c bi\u1ec7t c\u00f3 gi\u00e1 tr\u1ecb.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>V\u00ed d\u1ee5 c\u1ee5 th\u1ec3: M\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1edf h\u1eefu 1,000 c\u1ed5 phi\u1ebfu Vale (VALE3) mua v\u1edbi gi\u00e1 R$68.00 m\u1ed7i c\u1ed5 phi\u1ebfu (\u0111\u1ea7u t\u01b0 R$68,000.00). Lo ng\u1ea1i v\u1ec1 c\u00e1c t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c c\u00f3 th\u1ec3 c\u00f3 c\u1ee7a gi\u00e1 qu\u1eb7ng s\u1eaft, anh ta mua 10 h\u1ee3p \u0111\u1ed3ng VALEP65 (quy\u1ec1n ch\u1ecdn b\u00e1n v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n R$65.00) v\u1edbi gi\u00e1 R$2.30 m\u1ed7i c\u1ed5 phi\u1ebfu, t\u1ed5ng c\u1ed9ng R$2,300.00 ph\u00ed quy\u1ec1n ch\u1ecdn.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>K\u1ecbch b\u1ea3n cho VALE3<\/th><th>Kh\u00f4ng c\u00f3 b\u1ea3o v\u1ec7 (quy\u1ec1n ch\u1ecdn b\u00e1n)<\/th><th>C\u00f3 b\u1ea3o v\u1ec7 (quy\u1ec1n ch\u1ecdn b\u00e1n)<\/th><th>L\u1ee3i \u00edch r\u00f2ng<\/th><\/tr><\/thead><tbody><tr><td>R$70.00 (+2.94%)<\/td><td>L\u1ee3i nhu\u1eadn: R$2,000.00<\/td><td>L\u1ee3i nhu\u1eadn: R$2,000.00 - R$2,300.00 = -R$300.00<\/td><td>-R$2,300.00 (chi ph\u00ed b\u1ea3o hi\u1ec3m)<\/td><\/tr><tr><td>R$65.00 (-4.41%)<\/td><td>Thua l\u1ed7: -R$3,000.00<\/td><td>Thua l\u1ed7: -R$3,000.00 + R$0.00 = -R$3,000.00<\/td><td>-R$2,300.00 (chi ph\u00ed b\u1ea3o hi\u1ec3m)<\/td><\/tr><tr><td>R$60.00 (-11.76%)<\/td><td>Thua l\u1ed7: -R$8,000.00<\/td><td>Thua l\u1ed7: -R$8,000.00 + R$5,000.00 = -R$3,000.00<\/td><td>+R$2,700.00<\/td><\/tr><tr><td>R$55.00 (-19.12%)<\/td><td>Thua l\u1ed7: -R$13,000.00<\/td><td>Thua l\u1ed7: -R$13,000.00 + R$10,000.00 = -R$3,000.00<\/td><td>+R$7,700.00<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil: \u0111\u1eb7c \u0111i\u1ec3m \u0111\u1ed9c quy\u1ec1n v\u00e0 c\u01a1 h\u1ed9i hi\u1ec7n t\u1ea1i<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>T\u1ea1i Brazil, th\u1ecb tr\u01b0\u1eddng <b>c\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng<\/b> c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m \u0111\u1eb7c bi\u1ec7t kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf. Theo d\u1eef li\u1ec7u c\u1ee7a B3 t\u1eeb n\u0103m 2023, ch\u1ec9 7% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n ho\u1ea1t \u0111\u1ed9ng quy\u1ec1n ch\u1ecdn, so v\u1edbi 23% \u1edf M\u1ef9, cho th\u1ea5y ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng l\u1edbn. S\u1ef1 t\u1eadp trung thanh kho\u1ea3n v\u00e0o m\u1ed9t s\u1ed1 \u00edt c\u1ed5 phi\u1ebfu (Petrobras, Vale, Ita\u00fa, B3, v\u00e0 Bradesco chi\u1ebfm 72% kh\u1ed1i l\u01b0\u1ee3ng) t\u1ea1o ra nh\u1eefng b\u1ea5t c\u1eadp m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u00e1i c\u00f3 th\u1ec3 khai th\u00e1c.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t \u0111\u1eb7c \u0111i\u1ec3m n\u1ed5i b\u1eadt c\u1ee7a th\u1ecb tr\u01b0\u1eddng Brazil l\u00e0 vi\u1ec7c t\u1ef1 \u0111\u1ed9ng th\u1ef1c hi\u1ec7n c\u00e1c quy\u1ec1n ch\u1ecdn \"trong ti\u1ec1n\" khi h\u1ebft h\u1ea1n. V\u00e0o th\u00e1ng 3\/2024, v\u00ed d\u1ee5, 92% quy\u1ec1n ch\u1ecdn c\u00f3 gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i d\u01b0\u01a1ng \u0111\u00e3 \u0111\u01b0\u1ee3c B3 t\u1ef1 \u0111\u1ed9ng th\u1ef1c hi\u1ec7n, m\u00e0 kh\u00f4ng c\u1ea7n y\u00eau c\u1ea7u t\u1eeb ng\u01b0\u1eddi n\u1eafm gi\u1eef -- m\u1ed9t quy tr\u00ecnh kh\u00e1c v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng nh\u01b0 M\u1ef9, n\u01a1i vi\u1ec7c th\u1ef1c hi\u1ec7n ph\u1ea3i \u0111\u01b0\u1ee3c y\u00eau c\u1ea7u r\u00f5 r\u00e0ng.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e1c ng\u00e0y h\u1ebft h\u1ea1n t\u1ea1i Brazil di\u1ec5n ra v\u00e0o th\u1ee9 hai th\u1ee9 ba c\u1ee7a m\u1ed7i th\u00e1ng, v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng trung b\u00ecnh cao h\u01a1n 218% trong ba ng\u00e0y tr\u01b0\u1edbc ng\u00e0y n\u00e0y<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>87% quy\u1ec1n ch\u1ecdn giao d\u1ecbch tr\u00ean B3 l\u00e0 lo\u1ea1i \"Ch\u00e2u \u00c2u\", ch\u1ec9 c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n khi h\u1ebft h\u1ea1n, kh\u00e1c bi\u1ec7t v\u1edbi ti\u00eau chu\u1ea9n M\u1ef9<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Thu\u1ebf 15% tr\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng h\u00e0ng th\u00e1ng y\u00eau c\u1ea7u t\u00ednh to\u00e1n ch\u00ednh x\u00e1c, v\u1edbi b\u00f9 l\u1ed7 gi\u1edbi h\u1ea1n trong c\u00f9ng lo\u1ea1i ho\u1ea1t \u0111\u1ed9ng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch trong ng\u00e0y, t\u1ef7 l\u1ec7 20% \u0111\u01b0\u1ee3c t\u00ednh ri\u00eang bi\u1ec7t v\u1edbi c\u00e1c ho\u1ea1t \u0111\u1ed9ng b\u00ecnh th\u01b0\u1eddng, y\u00eau c\u1ea7u ki\u1ec3m so\u00e1t thu\u1ebf c\u1ee5 th\u1ec3<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil t\u00ecm th\u1ea5y tr\u00ean n\u1ec1n t\u1ea3ng <b>Pocket Option<\/b> c\u00e1c ngu\u1ed3n l\u1ef1c c\u1ee5 th\u1ec3 \u0111\u1ec3 \u0111i\u1ec1u h\u01b0\u1edbng nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m n\u00e0y, bao g\u1ed3m c\u00e1c m\u00e1y t\u00ednh thu\u1ebf v\u00e0 ch\u1ec9 s\u1ed1 thanh kho\u1ea3n \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh cho th\u1ecb tr\u01b0\u1eddng qu\u1ed1c gia, c\u00e1c y\u1ebfu t\u1ed1 quy\u1ebft \u0111\u1ecbnh cho th\u00e0nh c\u00f4ng trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng quy\u1ec1n ch\u1ecdn.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1c y\u1ebfu t\u1ed1 quy\u1ebft \u0111\u1ecbnh trong \u0111\u1ecbnh gi\u00e1 quy\u1ec1n ch\u1ecdn tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ecbnh gi\u00e1 quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil tu\u00e2n theo c\u00e1c y\u1ebfu t\u1ed1 ph\u1ed5 qu\u00e1t, nh\u01b0ng v\u1edbi tr\u1ecdng s\u1ed1 kh\u00e1c bi\u1ec7t do nh\u1eefng \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u1ee7a ch\u00fang ta. Bi\u1ebfn \u0111\u1ed9ng ng\u1ee5 \u00fd trung b\u00ecnh c\u1ee7a quy\u1ec1n ch\u1ecdn Brazil cao h\u01a1n 31% so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n, ph\u1ea3n \u00e1nh r\u1ee7i ro cao h\u01a1n \u0111\u01b0\u1ee3c nh\u1eadn th\u1ee9c trong n\u1ec1n kinh t\u1ebf c\u1ee7a ch\u00fang ta.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Y\u1ebfu t\u1ed1<\/th><th>T\u00e1c \u0111\u1ed9ng l\u00ean quy\u1ec1n ch\u1ecdn mua<\/th><th>T\u00e1c \u0111\u1ed9ng l\u00ean quy\u1ec1n ch\u1ecdn b\u00e1n<\/th><th>D\u1eef li\u1ec7u c\u1ee5 th\u1ec3 t\u1eeb th\u1ecb tr\u01b0\u1eddng Brazil<\/th><\/tr><\/thead><tbody><tr><td>Gi\u00e1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/td><td>\u2191 gi\u00e1 c\u1ed5 phi\u1ebfu = \u2191 quy\u1ec1n ch\u1ecdn mua<\/td><td>\u2191 gi\u00e1 c\u1ed5 phi\u1ebfu = \u2193 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td><td>Bi\u1ebfn \u0111\u1ed9ng trung b\u00ecnh c\u1ee7a c\u00e1c blue chip Brazil: 28.7% h\u00e0ng n\u0103m (so v\u1edbi 18.4% cho S&amp;P 500)<\/td><\/tr><tr><td>Gi\u00e1 th\u1ef1c hi\u1ec7n<\/td><td>\u2191 gi\u00e1 th\u1ef1c hi\u1ec7n = \u2193 quy\u1ec1n ch\u1ecdn mua<\/td><td>\u2191 gi\u00e1 th\u1ef1c hi\u1ec7n = \u2191 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td><td>Kho\u1ea3ng c\u00e1ch gi\u1eefa c\u00e1c gi\u00e1 th\u1ef1c hi\u1ec7n t\u1ea1i B3: th\u01b0\u1eddng l\u00e0 R$0.50 cho c\u1ed5 phi\u1ebfu d\u01b0\u1edbi R$20 v\u00e0 R$1.00 cho c\u1ed5 phi\u1ebfu tr\u00ean<\/td><\/tr><tr><td>Th\u1eddi gian \u0111\u1ebfn khi h\u1ebft h\u1ea1n<\/td><td>\u2191 th\u1eddi gian = \u2191 quy\u1ec1n ch\u1ecdn mua<\/td><td>\u2191 th\u1eddi gian = \u2191 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td><td>Thanh kho\u1ea3n t\u1eadp trung (73%) trong c\u00e1c lo\u1ea1t h\u1ebft h\u1ea1n trong v\u00f2ng 30 ng\u00e0y<\/td><\/tr><tr><td>Bi\u1ebfn \u0111\u1ed9ng<\/td><td>\u2191 bi\u1ebfn \u0111\u1ed9ng = \u2191 quy\u1ec1n ch\u1ecdn mua<\/td><td>\u2191 bi\u1ebfn \u0111\u1ed9ng = \u2191 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td><td>Bi\u1ebfn \u0111\u1ed9ng \u0111\u1ea1t \u0111\u1ec9nh cao h\u01a1n 3.2 l\u1ea7n trong c\u00e1c k\u1ef3 b\u1ea7u c\u1eed Brazil<\/td><\/tr><tr><td>L\u00e3i su\u1ea5t<\/td><td>\u2191 l\u00e3i su\u1ea5t = \u2191 quy\u1ec1n ch\u1ecdn mua<\/td><td>\u2191 l\u00e3i su\u1ea5t = \u2193 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td><td>L\u00e3i su\u1ea5t Selic 10.50% v\u00e0o th\u00e1ng 4\/2024 so v\u1edbi trung b\u00ecnh 2.5% \u1edf c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n<\/td><\/tr><tr><td>C\u1ed5 t\u1ee9c<\/td><td>\u2191 c\u1ed5 t\u1ee9c = \u2193 quy\u1ec1n ch\u1ecdn mua<\/td><td>\u2191 c\u1ed5 t\u1ee9c = \u2191 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td><td>L\u1ee3i t\u1ee9c c\u1ed5 t\u1ee9c trung b\u00ecnh c\u1ee7a Ibovespa: 6.8%, v\u1edbi c\u00e1c kho\u1ea3n thanh to\u00e1n t\u1eadp trung v\u00e0o th\u00e1ng 4 v\u00e0 th\u00e1ng 10<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Bi\u1ebfn \u0111\u1ed9ng ng\u1ee5 \u00fd tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil \u0111\u00e1ng \u0111\u01b0\u1ee3c ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t. Ph\u00e2n t\u00edch c\u1ee7a B3 cho th\u1ea5y r\u1eb1ng, trung b\u00ecnh, bi\u1ebfn \u0111\u1ed9ng n\u00e0y v\u01b0\u1ee3t qu\u00e1 l\u1ecbch s\u1eed 22%, m\u1ed9t hi\u1ec7n t\u01b0\u1ee3ng \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 \"ph\u00ed b\u1ea3o hi\u1ec3m bi\u1ebfn \u0111\u1ed9ng.\" S\u1ef1 kh\u00e1c bi\u1ec7t n\u00e0y r\u00f5 r\u1ec7t h\u01a1n trong c\u00e1c giai \u0111o\u1ea1n b\u1ea5t \u1ed5n ch\u00ednh tr\u1ecb ho\u1eb7c kinh t\u1ebf, \u0111\u1ea1t 38% trong cu\u1ed9c b\u1ea7u c\u1eed t\u1ed5ng th\u1ed1ng n\u0103m 2022.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u00f4 h\u00ecnh Black-Scholes, m\u1eb7c d\u00f9 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng to\u00e0n c\u1ea7u, nh\u1eadn \u0111\u01b0\u1ee3c c\u00e1c \u0111i\u1ec1u ch\u1ec9nh c\u1ee5 th\u1ec3 cho th\u1ecb tr\u01b0\u1eddng Brazil, bao g\u1ed3m c\u00e1c \u0111i\u1ec1u ch\u1ec9nh cho l\u00e3i su\u1ea5t cao v\u00e0 ph\u00e2n ph\u1ed1i kh\u00f4ng b\u00ecnh th\u01b0\u1eddng c\u1ee7a l\u1ee3i nhu\u1eadn. <b>Pocket Option<\/b> th\u1ef1c hi\u1ec7n c\u00e1c \u0111i\u1ec1u ch\u1ec9nh n\u00e0y trong c\u00e1c m\u00e1y t\u00ednh c\u1ee7a m\u00ecnh, cho ph\u00e9p \u0111\u1ecbnh gi\u00e1 ch\u00ednh x\u00e1c h\u01a1n cho c\u00e1c \u0111i\u1ec1u ki\u1ec7n c\u1ee7a Brazil.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn th\u00edch \u1ee9ng v\u1edbi th\u1ef1c t\u1ebf c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec3u <b>quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec<\/b> ch\u1ec9 l\u00e0 b\u01b0\u1edbc kh\u1edfi \u0111\u1ea7u. Ti\u1ec1m n\u0103ng th\u1ef1c s\u1ef1 c\u1ee7a c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n qua c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ee5 th\u1ec3, th\u00edch \u1ee9ng v\u1edbi \u0111i\u1ec1u ki\u1ec7n \u0111\u1ed9c \u0111\u00e1o c\u1ee7a th\u1ecb tr\u01b0\u1eddng Brazil, v\u1edbi bi\u1ebfn \u0111\u1ed9ng cao v\u00e0 l\u00e3i su\u1ea5t cao.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c b\u1ea3o v\u1ec7 (hedge) v\u1edbi v\u00ed d\u1ee5 \u0111\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>B\u1ea3o v\u1ec7 danh m\u1ee5c \u0111\u1ea7u t\u01b0 l\u00e0 r\u1ea5t quan tr\u1ecdng trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng n\u01a1i c\u00e1c s\u1ef1 ki\u1ec7n ch\u00ednh tr\u1ecb c\u00f3 th\u1ec3 g\u00e2y ra bi\u1ebfn \u0111\u1ed9ng l\u00ean \u0111\u1ebfn 10% trong m\u1ed9t ng\u00e0y, nh\u01b0 \u0111\u00e3 x\u1ea3y ra v\u00e0o th\u00e1ng 3\/2022. D\u1eef li\u1ec7u c\u1ee7a B3 cho th\u1ea5y r\u1eb1ng c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 th\u1ef1c hi\u1ec7n b\u1ea3o v\u1ec7 v\u1edbi quy\u1ec1n ch\u1ecdn b\u00e1n trong c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng nh\u01b0 \u0111\u1ea1i d\u1ecbch n\u0103m 2020 \u0111\u00e3 gi\u1ea3m thi\u1ec3u t\u1ed5n th\u1ea5t l\u00ean \u0111\u1ebfn 38%.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quy\u1ec1n ch\u1ecdn b\u00e1n b\u1ea3o v\u1ec7: Trong \u0111\u1ee3t gi\u1ea3m 30% c\u1ee7a Ibovespa v\u00e0o th\u00e1ng 3\/2020, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 quy\u1ec1n ch\u1ecdn b\u00e1n \u0111\u00e3 gi\u1edbi h\u1ea1n t\u1ed5n th\u1ea5t \u1edf m\u1ee9c 12-15%<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m: Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y t\u1ea1o ra thu nh\u1eadp trung b\u00ecnh b\u1ed5 sung 0.8% m\u1ed7i th\u00e1ng v\u00e0o n\u0103m 2023 cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 danh m\u1ee5c blue chip<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Collar: K\u1ebft h\u1ee3p mua quy\u1ec1n ch\u1ecdn b\u00e1n v\u00e0 b\u00e1n quy\u1ec1n ch\u1ecdn mua, gi\u1ea3m chi ph\u00ed b\u1ea3o v\u1ec7 kho\u1ea3ng 65% trong \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng b\u00ecnh th\u01b0\u1eddng<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>V\u00ed d\u1ee5 th\u1ef1c t\u1ebf: M\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1edbi R$100,000 trong c\u1ed5 phi\u1ebfu Petrobras v\u00e0o th\u00e1ng 1\/2023 \u0111\u00e3 th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c collar (mua quy\u1ec1n ch\u1ecdn b\u00e1n v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n R$28 v\u00e0 b\u00e1n quy\u1ec1n ch\u1ecdn mua v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n R$32) v\u1edbi chi ph\u00ed r\u00f2ng R$1,200, \u0111\u00e3 gi\u1edbi h\u1ea1n t\u1ed5n th\u1ea5t ti\u1ec1m n\u0103ng c\u1ee7a h\u1ecd \u1edf m\u1ee9c 8% trong cu\u1ed9c kh\u1ee7ng ho\u1ea3ng qu\u1ea3n tr\u1ecb \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u00f4ng ty trong qu\u00fd \u0111\u1ea7u ti\u00ean, trong khi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng c\u00f3 b\u1ea3o v\u1ec7 ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi t\u1ed5n th\u1ea5t l\u00ean \u0111\u1ebfn 22%.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Chi\u1ebfn l\u01b0\u1ee3c Hedge<\/th><th>Th\u1eddi \u0111i\u1ec3m t\u1ed1t nh\u1ea5t \u0111\u1ec3 th\u1ef1c hi\u1ec7n<\/th><th>Chi ph\u00ed so v\u1edbi v\u1ed1n \u0111\u01b0\u1ee3c b\u1ea3o v\u1ec7<\/th><th>Hi\u1ec7u qu\u1ea3 trong c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng g\u1ea7n \u0111\u00e2y (2020-2023)<\/th><\/tr><\/thead><tbody><tr><td>Quy\u1ec1n ch\u1ecdn b\u00e1n b\u1ea3o v\u1ec7<\/td><td>Sau khi t\u0103ng li\u00ean t\u1ee5c v\u00e0 khi bi\u1ebfn \u0111\u1ed9ng ng\u1ee5 \u00fd d\u01b0\u1edbi m\u1ee9c trung b\u00ecnh l\u1ecbch s\u1eed<\/td><td>2.5%-4.5% cho b\u1ea3o v\u1ec7 3 th\u00e1ng<\/td><td>97% hi\u1ec7u qu\u1ea3 trong vi\u1ec7c gi\u1edbi h\u1ea1n t\u1ed5n th\u1ea5t \u1edf m\u1ee9c gi\u00e1 th\u1ef1c hi\u1ec7n<\/td><\/tr><tr><td>B\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m<\/td><td>Trong c\u00e1c th\u1ecb tr\u01b0\u1eddng \u0111i ngang ho\u1eb7c c\u00f3 xu h\u01b0\u1edbng t\u0103ng nh\u1eb9 (l\u00ean \u0111\u1ebfn 0.5% h\u00e0ng tu\u1ea7n)<\/td><td>T\u1ea1o ra thu nh\u1eadp 0.5%-1.2% h\u00e0ng th\u00e1ng<\/td><td>Gi\u1ea3m t\u1ed5n th\u1ea5t 15-22% trong c\u00e1c \u0111\u1ee3t gi\u1ea3m m\u1ea1nh<\/td><\/tr><tr><td>Collar<\/td><td>Khi d\u1ef1 ki\u1ebfn bi\u1ebfn \u0111\u1ed9ng cao, nh\u01b0ng v\u1edbi h\u01b0\u1edbng kh\u00f4ng ch\u1eafc ch\u1eafn<\/td><td>0.5%-1.5% cho b\u1ea3o v\u1ec7 3 th\u00e1ng<\/td><td>85% hi\u1ec7u qu\u1ea3 trong vi\u1ec7c gi\u1edbi h\u1ea1n t\u1ed5n th\u1ea5t, v\u1edbi gi\u1edbi h\u1ea1n c\u0169ng c\u1ee7a l\u1ee3i nhu\u1eadn<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u c\u01a1 v\u00e0 t\u1ea1o thu nh\u1eadp v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 hi\u1ec7u su\u1ea5t<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ngo\u00e0i b\u1ea3o v\u1ec7, <b>c\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng<\/b> c\u0169ng bao g\u1ed3m c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ecbnh h\u01b0\u1edbng v\u00e0 t\u1ea1o thu nh\u1eadp. D\u1eef li\u1ec7u c\u1ee7a B3 ti\u1ebft l\u1ed9 r\u1eb1ng 68% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n giao d\u1ecbch quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil s\u1eed d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u01a1n gi\u1ea3n (mua ho\u1eb7c b\u00e1n tr\u1ef1c ti\u1ebfp), trong khi ch\u1ec9 32% \u00e1p d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ea5u tr\u00fac mang l\u1ea1i t\u1ef7 l\u1ec7 r\u1ee7i ro-l\u1ee3i nhu\u1eadn t\u1ed1t h\u01a1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Mua tr\u1ef1c ti\u1ebfp quy\u1ec1n ch\u1ecdn mua ho\u1eb7c b\u00e1n \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng b\u1edfi 47% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n Brazil, theo nghi\u00ean c\u1ee9u c\u1ee7a ANBIMA (2023). V\u00ed d\u1ee5, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 \u0111\u1eb7t c\u01b0\u1ee3c R$5,000 v\u00e0o quy\u1ec1n ch\u1ecdn mua Petrobras tr\u01b0\u1edbc th\u00f4ng b\u00e1o ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c v\u00e0o th\u00e1ng 2\/2024 \u0111\u00e3 thu \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn 215% ch\u1ec9 trong 8 ng\u00e0y khi c\u00f4ng ty c\u00f4ng b\u1ed1 ph\u00e2n ph\u1ed1i v\u01b0\u1ee3t qu\u00e1 mong \u0111\u1ee3i.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ea5u tr\u00fac nh\u01b0 ch\u00eanh l\u1ec7ch d\u1ecdc \u0111\u00e3 gi\u1ea3m t\u1ef7 l\u1ec7 t\u1ed5n th\u1ea5t to\u00e0n b\u1ed9 t\u1eeb 62% xu\u1ed1ng 37% trong s\u1ed1 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n \u0111\u00e3 \u00e1p d\u1ee5ng ch\u00fang, theo m\u1ed9t nghi\u00ean c\u1ee9u c\u1ee7a FGV (2023). Ch\u00eanh l\u1ec7ch quy\u1ec1n ch\u1ecdn mua t\u0103ng, v\u00ed d\u1ee5, \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng trong k\u1ef3 v\u1ecdng t\u0103ng v\u1eeba ph\u1ea3i, bao g\u1ed3m mua m\u1ed9t quy\u1ec1n ch\u1ecdn mua v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n th\u1ea5p h\u01a1n v\u00e0 b\u00e1n m\u1ed9t quy\u1ec1n ch\u1ecdn kh\u00e1c v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n cao h\u01a1n, gi\u1ea3m chi ph\u00ed ban \u0111\u1ea7u v\u00e0 gi\u1edbi h\u1ea1n c\u1ea3 l\u1ee3i nhu\u1eadn t\u1ed1i \u0111a v\u00e0 t\u1ed5n th\u1ea5t ti\u1ec1m n\u0103ng.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Iron Condor: T\u1ea1o ra l\u1ee3i nhu\u1eadn trung b\u00ecnh 12.4% v\u00e0o n\u0103m 2023 cho nh\u1eefng ng\u01b0\u1eddi th\u1ef1c hi\u1ec7n n\u00f3 tr\u00ean c\u00e1c ch\u1ec9 s\u1ed1 trong c\u00e1c k\u1ef3 ti\u1ec1n b\u1ea7u c\u1eed, v\u1edbi t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng 73%<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Butterfly: Chi\u1ebfn l\u01b0\u1ee3c ch\u00ednh x\u00e1c \u0111\u1ea1t \u0111\u1ed9 ch\u00ednh x\u00e1c 84% khi \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng g\u1ea7n c\u00e1c th\u00f4ng b\u00e1o k\u1ebft qu\u1ea3 h\u00e0ng qu\u00fd c\u1ee7a c\u00e1c c\u00f4ng ty Ibovespa<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Calendar Spread: Khai th\u00e1c th\u00e0nh c\u00f4ng s\u1ef1 kh\u00e1c bi\u1ec7t th\u1eddi gian gi\u1eefa c\u00e1c k\u1ef3 h\u1ea1n, t\u1ea1o ra l\u1ee3i nhu\u1eadn trung b\u00ecnh 8.3% m\u1ed7i chu k\u1ef3 v\u00e0o n\u0103m 2023<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n kh\u00f4ng c\u00f3 b\u1ea3o hi\u1ec3m: Cung c\u1ea5p l\u1ee3i nhu\u1eadn trung b\u00ecnh 1.85% m\u1ed7i th\u00e1ng v\u00e0o n\u0103m 2023 cho c\u00e1c nh\u00e0 \u0111i\u1ec1u h\u00e0nh c\u00f3 kinh nghi\u1ec7m, nh\u01b0ng v\u1edbi r\u1ee7i ro cao h\u01a1n \u0111\u00e1ng k\u1ec3<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> cung c\u1ea5p c\u00e1c ph\u00e2n t\u00edch chi ti\u1ebft v\u1ec1 hi\u1ec7u su\u1ea5t l\u1ecbch s\u1eed c\u1ee7a c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e0y c\u1ee5 th\u1ec3 trong th\u1ecb tr\u01b0\u1eddng Brazil, cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh d\u1ef1a tr\u00ean d\u1eef li\u1ec7u c\u1ee5 th\u1ec3, kh\u00f4ng ph\u1ea3i c\u00e1c l\u00fd thuy\u1ebft chung \u0111\u01b0\u1ee3c ph\u00e1t tri\u1ec3n cho c\u00e1c th\u1ecb tr\u01b0\u1eddng kh\u00e1c.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>R\u1ee7i ro \u0111\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng v\u00e0 gi\u1ea3m thi\u1ec3u th\u1ef1c t\u1ebf khi ho\u1ea1t \u0111\u1ed9ng v\u1edbi quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil, v\u1edbi bi\u1ebfn \u0111\u1ed9ng trung b\u00ecnh cao h\u01a1n 31% so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n, mang l\u1ea1i c\u1ea3 c\u01a1 h\u1ed9i v\u00e0 r\u1ee7i ro gia t\u0103ng. D\u1eef li\u1ec7u c\u1ee7a CVM cho th\u1ea5y r\u1eb1ng 74% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n ho\u1ea1t \u0111\u1ed9ng \u0111\u1ed9c quy\u1ec1n v\u1edbi quy\u1ec1n ch\u1ecdn c\u00f3 k\u1ebft qu\u1ea3 \u00e2m trong 12 th\u00e1ng \u0111\u1ea7u ti\u00ean, ch\u1ee9ng t\u1ecf s\u1ef1 c\u1ea7n thi\u1ebft c\u1ee7a qu\u1ea3n l\u00fd r\u1ee7i ro nghi\u00eam ng\u1eb7t.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>R\u1ee7i ro<\/th><th>T\u00e1c \u0111\u1ed9ng \u0111\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng<\/th><th>Chi\u1ebfn l\u01b0\u1ee3c gi\u1ea3m thi\u1ec3u hi\u1ec7u qu\u1ea3<\/th><\/tr><\/thead><tbody><tr><td>M\u1ea5t ph\u00ed quy\u1ec1n ch\u1ecdn<\/td><td>88% quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c mua b\u1edfi c\u00e1 nh\u00e2n h\u1ebft h\u1ea1n v\u00f4 gi\u00e1 tr\u1ecb<\/td><td>Gi\u1edbi h\u1ea1n ph\u00e2n b\u1ed5 v\u00e0o 2-3% v\u1ed1n cho m\u1ed7i ho\u1ea1t \u0111\u1ed9ng; \u0111a d\u1ea1ng h\u00f3a k\u1ef3 h\u1ea1n<\/td><\/tr><tr><td>R\u1ee7i ro kh\u00f4ng gi\u1edbi h\u1ea1n trong c\u00e1c giao d\u1ecbch b\u00e1n kh\u00f4ng c\u00f3 b\u1ea3o hi\u1ec3m<\/td><td>T\u1ed5n th\u1ea5t trung b\u00ecnh 37% v\u1ed1n trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng kh\u00f4ng \u0111\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng \u0111\u00fang<\/td><td>S\u1eed d\u1ee5ng c\u00e1c giao d\u1ecbch b\u00e1n c\u00f3 b\u1ea3o hi\u1ec3m ho\u1eb7c ch\u00eanh l\u1ec7ch \u0111\u1ec3 gi\u1edbi h\u1ea1n t\u1ed5n th\u1ea5t ti\u1ec1m n\u0103ng<\/td><\/tr><tr><td>Thanh kho\u1ea3n kh\u00f4ng \u0111\u1ee7<\/td><td>Ch\u00eanh l\u1ec7ch trung b\u00ecnh 3.8% trong c\u00e1c quy\u1ec1n ch\u1ecdn \u00edt giao d\u1ecbch so v\u1edbi 0.7% trong c\u00e1c quy\u1ec1n ch\u1ecdn c\u00f3 thanh kho\u1ea3n cao nh\u1ea5t<\/td><td>Ho\u1ea1t \u0111\u1ed9ng trong c\u00e1c lo\u1ea1t c\u00f3 kh\u1ed1i l\u01b0\u1ee3ng h\u00e0ng ng\u00e0y t\u1ed1i thi\u1ec3u 500 h\u1ee3p \u0111\u1ed3ng; ki\u1ec3m tra l\u00e3i su\u1ea5t m\u1edf<\/td><\/tr><tr><td>\u0110\u00f2n b\u1ea9y qu\u00e1 m\u1ee9c<\/td><td>72% c\u00e1c tr\u01b0\u1eddng h\u1ee3p g\u1ecdi k\u00fd qu\u1ef9 li\u00ean quan \u0111\u1ebfn vi\u1ec7c s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y &gt;5x<\/td><td>Gi\u1eef \u0111\u00f2n b\u1ea9y d\u01b0\u1edbi 3x; th\u1ef1c hi\u1ec7n d\u1eebng l\u1ed7 t\u1ef1 \u0111\u1ed9ng<\/td><\/tr><tr><td>\u0110\u1ed9 ph\u1ee9c t\u1ea1p<\/td><td>T\u01b0\u01a1ng quan 0.71 gi\u1eefa ki\u1ebfn th\u1ee9c tr\u01b0\u1edbc \u0111\u00f3 v\u00e0 k\u1ebft qu\u1ea3 t\u00edch c\u1ef1c<\/td><td>D\u00e0nh \u00edt nh\u1ea5t 20 gi\u1edd h\u1ecdc tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n ho\u1ea1t \u0111\u1ed9ng th\u1ef1c t\u1ebf \u0111\u1ea7u ti\u00ean<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil, chi ph\u00ed ho\u1ea1t \u0111\u1ed9ng c\u1ea7n \u0111\u01b0\u1ee3c ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t. M\u1ed9t kh\u1ea3o s\u00e1t v\u1edbi 15 nh\u00e0 m\u00f4i gi\u1edbi v\u00e0o th\u00e1ng 3\/2024 cho th\u1ea5y s\u1ef1 ch\u00eanh l\u1ec7ch l\u1edbn: ph\u00ed m\u00f4i gi\u1edbi cho c\u00e1c ho\u1ea1t \u0111\u1ed9ng quy\u1ec1n ch\u1ecdn dao \u0111\u1ed9ng t\u1eeb R$4.50 \u0111\u1ebfn R$25.00 m\u1ed7i l\u1ec7nh, v\u1edbi ph\u00ed B3 l\u00e0 0.035% tr\u00ean gi\u00e1 tr\u1ecb ho\u1ea1t \u0111\u1ed9ng v\u00e0 ph\u00ed \u0111\u0103ng k\u00fd c\u00f3 th\u1ec3 l\u00ean \u0111\u1ebfn 0.069%. Nh\u1eefng chi ph\u00ed n\u00e0y, t\u01b0\u1edfng ch\u1eebng nh\u1ecf, c\u00f3 th\u1ec3 ti\u00eau t\u1ed1n \u0111\u1ebfn 27% k\u1ebft qu\u1ea3 trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng ng\u1eafn h\u1ea1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> cung c\u1ea5p c\u00e1c m\u00e1y t\u00ednh t\u00edch h\u1ee3p t\u1ea5t c\u1ea3 c\u00e1c chi ph\u00ed n\u00e0y trong c\u00e1c m\u00f4 ph\u1ecfng c\u1ee7a h\u1ecd, cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 h\u00ecnh dung k\u1ebft qu\u1ea3 r\u00f2ng th\u1ef1c t\u1ebf c\u1ee7a c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a h\u1ecd tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n, tr\u00e1nh nh\u1eefng b\u1ea5t ng\u1edd kh\u00f3 ch\u1ecbu.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Kh\u00eda c\u1ea1nh th\u1ef1c t\u1ebf: l\u1ed9 tr\u00ecnh t\u1eebng b\u01b0\u1edbc cho th\u1ecb tr\u01b0\u1eddng Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi nh\u1eefng ai mu\u1ed1n b\u1eaft \u0111\u1ea7u trong th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil, l\u1ed9 tr\u00ecnh tu\u1ea7n t\u1ef1 n\u00e0y, d\u1ef1a tr\u00ean d\u1eef li\u1ec7u th\u00e0nh c\u00f4ng t\u1eeb h\u01a1n 5,000 nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c B3 l\u1eadp b\u1ea3n \u0111\u1ed3, cung c\u1ea5p con \u0111\u01b0\u1eddng hi\u1ec7u qu\u1ea3 nh\u1ea5t:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>M\u1edf t\u00e0i kho\u1ea3n v\u1edbi m\u1ed9t nh\u00e0 m\u00f4i gi\u1edbi chuy\u00ean v\u1ec1 ph\u00e1i sinh, v\u1edbi m\u1ee9c ph\u00ed c\u1ea1nh tranh v\u00e0 c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch (ti\u1ebft ki\u1ec7m trung b\u00ecnh R$850\/n\u0103m trong chi ph\u00ed ho\u1ea1t \u0111\u1ed9ng)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u00e0nh \u00edt nh\u1ea5t 40 gi\u1edd h\u1ecdc c\u1ee5 th\u1ec3 v\u1ec1 quy\u1ec1n ch\u1ecdn trong b\u1ed1i c\u1ea3nh Brazil (c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 l\u00e0m \u0111i\u1ec1u n\u00e0y c\u00f3 t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng cao h\u01a1n 3.2 l\u1ea7n)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u1ef1c hi\u1ec7n \u00edt nh\u1ea5t 50 ho\u1ea1t \u0111\u1ed9ng m\u00f4 ph\u1ecfng ghi l\u1ea1i k\u1ebft qu\u1ea3 v\u00e0 b\u00e0i h\u1ecdc (gi\u1ea3m t\u1ef7 l\u1ec7 l\u1ed7i 62% trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng th\u1ef1c t\u1ebf)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u1eaft \u0111\u1ea7u v\u1edbi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c b\u1ea3o th\u1ee7 nh\u01b0 b\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m ho\u1eb7c ch\u00eanh l\u1ec7ch d\u1ecdc (t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng 65% so v\u1edbi 28% trong c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ecbnh h\u01b0\u1edbng \u0111\u01a1n gi\u1ea3n)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u1edbi h\u1ea1n v\u1ed1n ban \u0111\u1ea7u t\u1ed1i \u0111a 10% t\u00e0i s\u1ea3n \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n v\u00e0 m\u1ed7i ho\u1ea1t \u0111\u1ed9ng 2-3% gi\u00e1 tr\u1ecb n\u00e0y (gi\u1ea3m x\u00e1c su\u1ea5t t\u1eeb b\u1ecf s\u1edbm 78%)<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vi\u1ec7c khai b\u00e1o thu\u1ebf c\u1ee7a c\u00e1c ho\u1ea1t \u0111\u1ed9ng quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil \u0111\u00f2i h\u1ecfi s\u1ef1 ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t. C\u00e1c ho\u1ea1t \u0111\u1ed9ng ph\u1ea3i \u0111\u01b0\u1ee3c b\u00e1o c\u00e1o h\u00e0ng th\u00e1ng khi c\u00f3 l\u1ee3i nhu\u1eadn ch\u1ecbu thu\u1ebf, v\u1edbi vi\u1ec7c thu qua m\u00e3 DARF 6015 (15% tr\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng) cho \u0111\u1ebfn ng\u00e0y l\u00e0m vi\u1ec7c cu\u1ed1i c\u00f9ng c\u1ee7a th\u00e1ng ti\u1ebfp theo. C\u00e1c kho\u1ea3n l\u1ed7 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c b\u00f9 tr\u1eeb ch\u1ec9 v\u1edbi c\u00e1c kho\u1ea3n l\u00e3i c\u00f9ng lo\u1ea1i trong th\u00e1ng hi\u1ec7n t\u1ea1i ho\u1eb7c trong c\u00e1c th\u00e1ng t\u01b0\u01a1ng lai, kh\u00f4ng c\u00f3 th\u1eddi h\u1ea1n h\u1ebft h\u1ea1n. H\u00e0ng n\u0103m, t\u1ea5t c\u1ea3 c\u00e1c ho\u1ea1t \u0111\u1ed9ng c\u1ea7n \u0111\u01b0\u1ee3c b\u00e1o c\u00e1o trong Tuy\u00ean b\u1ed1 \u0110i\u1ec1u ch\u1ec9nh H\u00e0ng n\u0103m trong ch\u01b0\u01a1ng tr\u00ecnh Thu\u1ebf Thu nh\u1eadp.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> cung c\u1ea5p c\u00e1c m\u1eabu b\u1ea3ng t\u00ednh ki\u1ec3m so\u00e1t t\u00e0i ch\u00ednh \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh cho c\u00e1c y\u00eau c\u1ea7u c\u1ee5 th\u1ec3 c\u1ee7a C\u1ee5c Thu\u1ebf Li\u00ean bang cho c\u00e1c ho\u1ea1t \u0111\u1ed9ng quy\u1ec1n ch\u1ecdn, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n tu\u00e2n th\u1ee7 c\u00e1c ngh\u0129a v\u1ee5 thu\u1ebf th\u01b0\u1eddng g\u00e2y nh\u1ea7m l\u1eabn cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Xu h\u01b0\u1edbng v\u00e0 t\u01b0\u01a1ng lai c\u1ee7a th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil v\u1edbi d\u1eef li\u1ec7u d\u1ef1 b\u00e1o<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil \u0111ang tr\u1ea3i qua s\u1ef1 chuy\u1ec3n \u0111\u1ed5i \u0111\u00e1ng k\u1ec3, v\u1edbi c\u00e1c xu h\u01b0\u1edbng d\u1ef1a tr\u00ean d\u1eef li\u1ec7u c\u1ee5 th\u1ec3 v\u00e0 d\u1ef1 b\u00e1o nh\u1ea5t qu\u00e1n:<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>S\u1ef1 tham gia c\u1ee7a c\u00e1 nh\u00e2n t\u0103ng 285% t\u1eeb n\u0103m 2019-2023, nh\u1ea3y t\u1eeb 98 ngh\u00ecn l\u00ean 381 ngh\u00ecn CPF ho\u1ea1t \u0111\u1ed9ng<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Kh\u1ed1i l\u01b0\u1ee3ng c\u00e1c kh\u00f3a h\u1ecdc ch\u1ee9ng nh\u1eadn v\u1ec1 quy\u1ec1n ch\u1ecdn t\u0103ng 412% trong c\u00f9ng k\u1ef3, v\u1edbi h\u01a1n 140 ngh\u00ecn ch\u1ee9ng ch\u1ec9 \u0111\u01b0\u1ee3c c\u1ea5p<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quy\u1ec1n ch\u1ecdn tr\u00ean c\u00e1c ETF Brazil ghi nh\u1eadn t\u0103ng tr\u01b0\u1edfng kh\u1ed1i l\u01b0\u1ee3ng 173% v\u00e0o n\u0103m 2023, cho th\u1ea5y s\u1ef1 \u0111a d\u1ea1ng h\u00f3a ngo\u00e0i c\u00e1c c\u1ed5 phi\u1ebfu ri\u00eang l\u1ebb<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e1c n\u1ec1n t\u1ea3ng chuy\u00ean bi\u1ec7t c\u1ee7a Pocket Option ghi nh\u1eadn s\u1ef1 gia t\u0103ng 215% s\u1ed1 l\u01b0\u1ee3ng ng\u01b0\u1eddi d\u00f9ng Brazil t\u1eeb n\u0103m 2022-2023<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>B3 \u0111\u00e3 th\u1ef1c hi\u1ec7n 12 thay \u0111\u1ed5i quy \u0111\u1ecbnh t\u1eeb n\u0103m 2021-2023 \u0111\u1ec3 k\u00edch th\u00edch th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn, bao g\u1ed3m gi\u1ea3m chi ph\u00ed ho\u1ea1t \u0111\u1ed9ng (gi\u1ea3m 28% ph\u00ed), gi\u1edbi thi\u1ec7u c\u00e1c lo\u1ea1t m\u1edbi, v\u00e0 m\u1edf r\u1ed9ng gi\u1edd giao d\u1ecbch. \u0110\u1ed1i v\u1edbi n\u0103m 2024-2025, s\u00e0n giao d\u1ecbch \u0111\u00e3 c\u00f4ng b\u1ed1 k\u1ebf ho\u1ea1ch gi\u1edbi thi\u1ec7u quy\u1ec1n ch\u1ecdn tr\u00ean c\u00e1c ch\u1ec9 s\u1ed1 ng\u00e0nh v\u00e0 t\u0103ng cung c\u1ea5p c\u00e1c gi\u00e1 th\u1ef1c hi\u1ec7n, \u0111\u01b0a th\u1ecb tr\u01b0\u1eddng Brazil g\u1ea7n h\u01a1n v\u1edbi ti\u00eau chu\u1ea9n qu\u1ed1c t\u1ebf.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>V\u1edbi s\u1ef1 gia t\u0103ng tinh vi c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil, m\u1ed9t s\u1ef1 chuy\u1ec3n d\u1ecbch t\u1eeb quan \u0111i\u1ec3m thu\u1ea7n t\u00fay \u0111\u1ea7u c\u01a1 sang c\u00e1c ph\u01b0\u01a1ng ph\u00e1p ti\u1ebfp c\u1eadn chi\u1ebfn l\u01b0\u1ee3c \u0111\u01b0\u1ee3c quan s\u00e1t. D\u1eef li\u1ec7u c\u1ee7a ANBIMA cho th\u1ea5y r\u1eb1ng, t\u1eeb n\u0103m 2021-2023, t\u1ef7 l\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng quy\u1ec1n ch\u1ecdn \u0111\u1ec3 b\u1ea3o v\u1ec7 (hedge) \u0111\u00e3 t\u0103ng t\u1eeb 17% l\u00ean 31%, ch\u1ee9ng t\u1ecf s\u1ef1 tr\u01b0\u1edfng th\u00e0nh c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Vi\u1ec7c \u00e1p d\u1ee5ng c\u00e1c c\u00f4ng ngh\u1ec7 ti\u00ean ti\u1ebfn \u0111ang bi\u1ebfn \u0111\u1ed5i h\u1ec7 sinh th\u00e1i quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil. C\u00e1c thu\u1eadt to\u00e1n giao d\u1ecbch t\u1ef1 \u0111\u1ed9ng, tr\u01b0\u1edbc \u0111\u00e2y ch\u1ec9 gi\u1edbi h\u1ea1n cho c\u00e1c t\u1ed5 ch\u1ee9c, hi\u1ec7n \u0111\u00e3 c\u00f3 s\u1eb5n cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n th\u00f4ng qua c\u00e1c n\u1ec1n t\u1ea3ng chuy\u00ean bi\u1ec7t. V\u00e0o n\u0103m 2023, 23% c\u00e1c l\u1ec7nh quy\u1ec1n ch\u1ecdn t\u1ea1i B3 \u0111\u01b0\u1ee3c xu\u1ea5t ph\u00e1t t\u1eeb c\u00e1c thu\u1eadt to\u00e1n b\u00e1n l\u1ebb, so v\u1edbi ch\u1ec9 7% v\u00e0o n\u0103m 2020.<\/p><\/div>[cta_button text=\"\"]<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>K\u1ebft lu\u1eadn: t\u1eadn d\u1ee5ng c\u01a1 h\u1ed9i trong th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu \u0111\u1ea1i di\u1ec7n cho c\u00e1c c\u00f4ng c\u1ee5 chi\u1ebfn l\u01b0\u1ee3c m\u1ea1nh m\u1ebd cho nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil t\u00ecm ki\u1ebfm k\u1ebft qu\u1ea3 v\u01b0\u1ee3t tr\u1ed9i trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng \u0111\u1eb7c tr\u01b0ng b\u1edfi bi\u1ebfn \u0111\u1ed9ng cao v\u00e0 l\u00e3i su\u1ea5t cao. V\u1edbi s\u1ef1 hi\u1ec3u bi\u1ebft \u0111\u1ea7y \u0111\u1ee7 v\u1ec1 <b>c\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng<\/b> v\u00e0 s\u1ef1 n\u1eafm v\u1eefng c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u1ee7a ch\u00fang ta, c\u00f3 th\u1ec3 x\u00e2y d\u1ef1ng c\u00e1c b\u1ea3o v\u1ec7 hi\u1ec7u qu\u1ea3, t\u1ea1o ra thu nh\u1eadp \u1ed5n \u0111\u1ecbnh, v\u00e0 t\u1eadn d\u1ee5ng c\u00e1c c\u01a1 h\u1ed9i m\u00e0 s\u1ebd kh\u00f4ng th\u1ec3 ti\u1ebfp c\u1eadn ch\u1ec9 b\u1eb1ng c\u00e1ch s\u1eed d\u1ee5ng c\u1ed5 phi\u1ebfu ho\u1eb7c tr\u00e1i phi\u1ebfu th\u00f4ng th\u01b0\u1eddng.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u1eef li\u1ec7u \u0111\u01b0\u1ee3c tr\u00ecnh b\u00e0y trong b\u00e0i vi\u1ebft n\u00e0y r\u00f5 r\u00e0ng cho th\u1ea5y r\u1eb1ng th\u00e0nh c\u00f4ng trong th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil c\u00f3 m\u1ed1i t\u01b0\u01a1ng quan tr\u1ef1c ti\u1ebfp v\u1edbi m\u1ee9c \u0111\u1ed9 ki\u1ebfn th\u1ee9c c\u1ee5 th\u1ec3 (t\u01b0\u01a1ng quan 0.76), k\u1ef7 lu\u1eadt trong vi\u1ec7c th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 \u0111\u1ecbnh tr\u01b0\u1edbc (t\u01b0\u01a1ng quan 0.82), v\u00e0 qu\u1ea3n l\u00fd r\u1ee7i ro nghi\u00eam ng\u1eb7t (t\u01b0\u01a1ng quan 0.91). Kh\u00f4ng c\u00f3 l\u1ed1i t\u1eaft cho ba tr\u1ee5 c\u1ed9t c\u01a1 b\u1ea3n n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng Brazil, v\u1edbi \u0111\u1ed9ng l\u1ef1c \u0111\u1eb7c th\u00f9 c\u1ee7a n\u00f3 b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi c\u00e1c y\u1ebfu t\u1ed1 trong n\u01b0\u1edbc v\u00e0 qu\u1ed1c t\u1ebf, cung c\u1ea5p nh\u1eefng b\u1ea5t c\u1eadp m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 chu\u1ea9n b\u1ecb t\u1ed1t c\u00f3 th\u1ec3 khai th\u00e1c. S\u1ef1 bi\u1ebfn \u0111\u1ed9ng \u0111i\u1ec3n h\u00ecnh c\u1ee7a m\u1ed9t n\u1ec1n kinh t\u1ebf m\u1edbi n\u1ed5i, \u0111i\u1ec1u m\u00e0 nhi\u1ec1u ng\u01b0\u1eddi coi l\u00e0 r\u1ee7i ro, bi\u1ebfn th\u00e0nh c\u01a1 h\u1ed9i cho c\u00e1c nh\u00e0 \u0111i\u1ec1u h\u00e0nh quy\u1ec1n ch\u1ecdn n\u1eafm v\u1eefng c\u00e1c kh\u00e1i ni\u1ec7m v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u01b0\u1ee3c tr\u00ecnh b\u00e0y trong b\u00e0i vi\u1ebft n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b> n\u1ed5i b\u1eadt nh\u01b0 m\u1ed9t n\u1ec1n t\u1ea3ng ho\u00e0n ch\u1ec9nh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil quan t\u00e2m \u0111\u1ebfn quy\u1ec1n ch\u1ecdn, cung c\u1ea5p kh\u00f4ng ch\u1ec9 quy\u1ec1n truy c\u1eadp ho\u1ea1t \u0111\u1ed9ng v\u00e0o th\u1ecb tr\u01b0\u1eddng, m\u00e0 ch\u1ee7 y\u1ebfu l\u00e0 c\u00e1c c\u00f4ng c\u1ee5 gi\u00e1o d\u1ee5c, tr\u00ecnh m\u00f4 ph\u1ecfng, v\u00e0 c\u00e1c ngu\u1ed3n l\u1ef1c ph\u00e2n t\u00edch \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh c\u1ee5 th\u1ec3 cho c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u1ee7a th\u1ecb tr\u01b0\u1eddng qu\u1ed1c gia. V\u1edbi s\u1ef1 h\u1ed7 tr\u1ee3 b\u1eb1ng ti\u1ebfng B\u1ed3 \u0110\u00e0o Nha v\u00e0 ki\u1ebfn th\u1ee9c v\u1ec1 c\u00e1c \u0111\u1eb7c th\u00f9 t\u00e0i ch\u00ednh v\u00e0 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a Brazil, n\u1ec1n t\u1ea3ng n\u00e0y lo\u1ea1i b\u1ecf c\u00e1c r\u00e0o c\u1ea3n th\u01b0\u1eddng c\u1ea3n tr\u1edf h\u00e0nh tr\u00ecnh c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trong ph\u00e2n kh\u00fac n\u00e0y.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>B\u1ea5t k\u1ec3 m\u1ee9c \u0111\u1ed9 kinh nghi\u1ec7m hi\u1ec7n t\u1ea1i c\u1ee7a b\u1ea1n, ch\u00fang t\u00f4i khuy\u1ebfn ngh\u1ecb b\u1eaft \u0111\u1ea7u ho\u1eb7c \u0111\u00e0o s\u00e2u ki\u1ebfn th\u1ee9c c\u1ee7a b\u1ea1n v\u1ec1 <b>c\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng<\/b> t\u1ea1i Brazil v\u1edbi m\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn c\u00f3 h\u1ec7 th\u1ed1ng: h\u1ecdc t\u1eadp nh\u1ea5t qu\u00e1n, m\u00f4 ph\u1ecfng r\u1ed9ng r\u00e3i tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n c\u00e1c ho\u1ea1t \u0111\u1ed9ng th\u1ef1c t\u1ebf, v\u00e0 ph\u00e2n b\u1ed5 v\u1ed1n ti\u1ebfn b\u1ed9 khi \u0111\u1ea1t \u0111\u01b0\u1ee3c k\u1ebft qu\u1ea3 t\u00edch c\u1ef1c. Th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil, v\u1eabn \u0111ang ph\u00e1t tri\u1ec3n so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf, cung c\u1ea5p c\u00e1c c\u1eeda s\u1ed5 c\u01a1 h\u1ed9i c\u00f3 xu h\u01b0\u1edbng \u0111\u00f3ng l\u1ea1i khi nhi\u1ec1u ng\u01b0\u1eddi tham gia \u0111\u1ea1t \u0111\u01b0\u1ee3c s\u1ef1 tinh vi -- th\u1eddi \u0111i\u1ec3m \u0111\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c ki\u1ebfn th\u1ee9c kh\u00e1c bi\u1ec7t n\u00e0y l\u00e0 ngay b\u00e2y gi\u1edd.<\/p><\/div>","body_html_source":{"label":"Body HTML","type":"wysiwyg","formatted_value":"<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Trong th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh Brazil, n\u01a1i h\u01a1n 5 tri\u1ec7u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 tham gia t\u00edch c\u1ef1c theo d\u1eef li\u1ec7u c\u1ee7a B3 t\u1eeb n\u0103m 2024, <b>quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu<\/b> n\u1ed5i l\u00ean nh\u01b0 nh\u1eefng c\u00f4ng c\u1ee5 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ec3 \u0111a d\u1ea1ng h\u00f3a v\u00e0 b\u1ea3o v\u1ec7 t\u00e0i s\u1ea3n. V\u1edbi m\u1ee9c t\u0103ng tr\u01b0\u1edfng 35% trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng ph\u00e1i sinh trong n\u0103m qua, ph\u00e2n kh\u00fac n\u00e0y \u0111\u00e3 thu h\u00fat c\u1ea3 nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 kinh nghi\u1ec7m v\u00e0 ng\u01b0\u1eddi m\u1edbi b\u1eaft \u0111\u1ea7u t\u00ecm c\u00e1ch t\u1ed1i \u01b0u h\u00f3a k\u1ebft qu\u1ea3 c\u1ee7a h\u1ecd tr\u01b0\u1edbc s\u1ef1 bi\u1ebfn \u0111\u1ed9ng \u0111\u1eb7c tr\u01b0ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u1ee7a ch\u00fang ta.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Quy\u1ec1n ch\u1ecdn \u0111\u1ea1i di\u1ec7n cho m\u1ed9t s\u1ef1 ph\u00e1t tri\u1ec3n t\u1ef1 nhi\u00ean cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 n\u1eafm v\u1eefng c\u00e1c t\u00e0i s\u1ea3n c\u01a1 b\u1ea3n v\u00e0 hi\u1ec7n \u0111ang t\u00ecm ki\u1ebfm s\u1ef1 tinh vi h\u01a1n trong chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a h\u1ecd. T\u1ea1i B3, kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch quy\u1ec1n ch\u1ecdn trung b\u00ecnh h\u00e0ng ng\u00e0y \u0111\u00e3 v\u01b0\u1ee3t qu\u00e1 R$3 t\u1ef7 v\u00e0o n\u0103m 2023, cho th\u1ea5y t\u1ea7m quan tr\u1ecdng ng\u00e0y c\u00e0ng t\u0103ng c\u1ee7a c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y trong b\u1ed1i c\u1ea3nh qu\u1ed1c gia.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec: kh\u00e1i ni\u1ec7m c\u01a1 b\u1ea3n v\u1edbi v\u00ed d\u1ee5 th\u1ef1c t\u1ebf<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>N\u00f3i m\u1ed9t c\u00e1ch tr\u1ef1c ti\u1ebfp, <b>quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec<\/b>? \u0110\u00e2y l\u00e0 c\u00e1c h\u1ee3p \u0111\u1ed3ng ti\u00eau chu\u1ea9n h\u00f3a cho ph\u00e9p ng\u01b0\u1eddi n\u1eafm gi\u1eef quy\u1ec1n (kh\u00f4ng ph\u1ea3i ngh\u0129a v\u1ee5) mua ho\u1eb7c b\u00e1n m\u1ed9t s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu c\u1ee5 th\u1ec3 v\u1edbi gi\u00e1 \u0111\u00e3 \u0111\u1ecbnh tr\u01b0\u1edbc (gi\u00e1 th\u1ef1c hi\u1ec7n) cho \u0111\u1ebfn m\u1ed9t ng\u00e0y x\u00e1c \u0111\u1ecbnh (ng\u00e0y h\u1ebft h\u1ea1n). T\u1ea1i Brazil, n\u01a1i B3 ghi nh\u1eadn h\u01a1n 350.000 h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c giao d\u1ecbch h\u00e0ng ng\u00e0y v\u00e0o n\u0103m 2023, c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y ho\u1ea1t \u0111\u1ed9ng nh\u01b0 c\u00f4ng c\u1ee5 cho c\u1ea3 \u0111\u00f2n b\u1ea9y v\u00e0 b\u1ea3o v\u1ec7.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ef1 h\u1ecfi <b>quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec<\/b> trong th\u1ef1c t\u1ebf, ch\u00fang ta c\u00f3 th\u1ec3 \u0111\u1ecbnh ngh\u0129a ch\u00fang l\u00e0 c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh ph\u00e1i sinh ho\u1ea1t \u0111\u1ed9ng nh\u01b0 m\u1ed9t lo\u1ea1i &#8220;h\u1ee3p \u0111\u1ed3ng b\u1ea3o hi\u1ec3m&#8221; ho\u1eb7c &#8220;c\u01b0\u1ee3c \u0111\u1ecbnh h\u01b0\u1edbng&#8221; v\u1ec1 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 trong t\u01b0\u01a1ng lai c\u1ee7a m\u1ed9t c\u1ed5 phi\u1ebfu, v\u1edbi r\u1ee7i ro v\u00e0 ph\u1ea7n th\u01b0\u1edfng \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh r\u00f5 r\u00e0ng t\u1ea1i th\u1eddi \u0111i\u1ec3m k\u00fd k\u1ebft.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m \u0111\u1ed9c \u0111\u00e1o \u0111\u00f2i h\u1ecfi ki\u1ebfn th\u1ee9c c\u1ee5 th\u1ec3. V\u00ed d\u1ee5, trong khi \u1edf M\u1ef9 c\u00f3 quy\u1ec1n ch\u1ecdn cho h\u01a1n 4.500 c\u1ed5 phi\u1ebfu, t\u1ea1i Brazil ch\u1ec9 c\u00f3 kho\u1ea3ng 60 c\u1ed5 phi\u1ebfu c\u00f3 quy\u1ec1n ch\u1ecdn ni\u00eam y\u1ebft, v\u1edbi thanh kho\u1ea3n \u0111\u00e1ng k\u1ec3 t\u1eadp trung v\u00e0o ch\u1ec9 20 c\u00f4ng ty. N\u1ec1n t\u1ea3ng <b>Pocket Option<\/b> cung c\u1ea5p t\u00e0i li\u1ec7u gi\u00e1o d\u1ee5c \u0111\u1ed9c quy\u1ec1n v\u1ec1 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m ri\u00eang bi\u1ec7t c\u1ee7a th\u1ecb tr\u01b0\u1eddng qu\u1ed1c gia, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n h\u1ecdc t\u1eadp cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil \u1edf m\u1ecdi c\u1ea5p \u0111\u1ed9 kinh nghi\u1ec7m.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Gi\u1ea3i ph\u1eabu chi ti\u1ebft c\u1ee7a m\u1ed9t h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn Brazil<\/h3>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Y\u1ebfu t\u1ed1<\/th>\n<th>M\u00f4 t\u1ea3<\/th>\n<th>V\u00ed d\u1ee5 th\u1ef1c t\u1ebf tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>T\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/td>\n<td>C\u1ed5 phi\u1ebfu c\u01a1 s\u1edf t\u1ea1o th\u00e0nh n\u1ec1n t\u1ea3ng c\u1ee7a h\u1ee3p \u0111\u1ed3ng<\/td>\n<td>PETR4 (Petrobras PN), VALE3 (Vale ON), ITUB4 (Ita\u00fa PN)<\/td>\n<\/tr>\n<tr>\n<td>Gi\u00e1 th\u1ef1c hi\u1ec7n<\/td>\n<td>Gi\u00e1 tr\u1ecb \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc \u0111\u1ec3 th\u1ef1c hi\u1ec7n quy\u1ec1n<\/td>\n<td>R$32.57 (gi\u00e1 th\u1ef1c t\u1ebf c\u1ee7a m\u1ed9t lo\u1ea1t quy\u1ec1n ch\u1ecdn Petrobras v\u00e0o th\u00e1ng 2\/2024)<\/td>\n<\/tr>\n<tr>\n<td>Ng\u00e0y h\u1ebft h\u1ea1n<\/td>\n<td>H\u1ea1n ch\u00f3t \u0111\u1ec3 th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn<\/td>\n<td>15\/04\/2024 (th\u1ee9 hai th\u1ee9 ba c\u1ee7a th\u00e1ng, ti\u00eau chu\u1ea9n B3)<\/td>\n<\/tr>\n<tr>\n<td>Ph\u00ed quy\u1ec1n ch\u1ecdn<\/td>\n<td>Gi\u00e1 tr\u1ecb m\u00e0 ng\u01b0\u1eddi mua tr\u1ea3 cho ng\u01b0\u1eddi b\u00e1n<\/td>\n<td>R$1.35 m\u1ed7i c\u1ed5 phi\u1ebfu (v\u00ed d\u1ee5 v\u1ec1 m\u1ed9t quy\u1ec1n ch\u1ecdn mua VALE3 v\u1edbi 60 ng\u00e0y \u0111\u1ebfn h\u1ea1n)<\/td>\n<\/tr>\n<tr>\n<td>Lo\u1ea1i (mua ho\u1eb7c b\u00e1n)<\/td>\n<td>Quy\u1ec1n mua ho\u1eb7c b\u00e1n<\/td>\n<td>VALEM45 (quy\u1ec1n ch\u1ecdn mua Vale) ho\u1eb7c VALEP45 (quy\u1ec1n ch\u1ecdn b\u00e1n Vale)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec3u r\u00f5 c\u00e1c th\u00e0nh ph\u1ea7n n\u00e0y l\u00e0 \u0111i\u1ec1u c\u01a1 b\u1ea3n \u0111\u1ec3 ho\u1ea1t \u0111\u1ed9ng an to\u00e0n. <b>Pocket Option<\/b> cung c\u1ea5p c\u00e1c tr\u00ecnh m\u00f4 ph\u1ecfng cho ph\u00e9p b\u1ea1n h\u00ecnh dung c\u00e1ch m\u1ed7i y\u1ebfu t\u1ed1 n\u00e0y \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn k\u1ebft qu\u1ea3 cu\u1ed1i c\u00f9ng c\u1ee7a ho\u1ea1t \u0111\u1ed9ng, cung c\u1ea5p h\u1ecdc t\u1eadp th\u1ef1c t\u1ebf cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u1edf giai \u0111o\u1ea1n \u0111\u1ea7u c\u1ee7a h\u00e0nh tr\u00ecnh.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng trong b\u1ed1i c\u1ea3nh Brazil: c\u01a1 ch\u1ebf v\u00e0 v\u00ed d\u1ee5 s\u1ed1<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 hi\u1ec3u r\u00f5 <b>c\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng<\/b> tr\u00ean th\u1ecb tr\u01b0\u1eddng qu\u1ed1c gia, h\u00e3y ph\u00e2n t\u00edch hai lo\u1ea1i ch\u00ednh v\u1edbi v\u00ed d\u1ee5 th\u1ef1c t\u1ebf v\u00e0 t\u00ednh to\u00e1n ch\u00ednh x\u00e1c:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Quy\u1ec1n ch\u1ecdn mua: c\u01a1 ch\u1ebf v\u00e0 k\u1ebft qu\u1ea3 th\u1ef1c t\u1ebf<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Quy\u1ec1n ch\u1ecdn mua c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng nh\u01b0 m\u1ed9t &#8220;quy\u1ec1n mua trong t\u01b0\u01a1ng lai.&#8221; Tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil, m\u1ed9t quy\u1ec1n ch\u1ecdn mua Petrobras v\u1edbi m\u00e3 PETRJ32 (h\u1ebft h\u1ea1n th\u00e1ng 4, gi\u00e1 th\u1ef1c hi\u1ec7n R$32.00) \u0111\u01b0\u1ee3c giao d\u1ecbch \u1edf m\u1ee9c R$1.75 \u0111\u1ea1i di\u1ec7n cho quy\u1ec1n mua c\u1ed5 phi\u1ebfu PETR4 \u1edf m\u1ee9c R$32.00 cho \u0111\u1ebfn khi h\u1ebft h\u1ea1n, b\u1ea5t k\u1ec3 gi\u00e1 th\u1ecb tr\u01b0\u1eddng c\u1ee7a c\u1ed5 phi\u1ebfu.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>V\u00ed d\u1ee5 th\u1ef1c t\u1ebf v\u1edbi s\u1ed1 li\u1ec7u th\u1ef1c: V\u00e0o th\u00e1ng 2\/2024, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 mua 10 h\u1ee3p \u0111\u1ed3ng PETRJ32 (m\u1ed7i h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng \u0111\u01b0\u01a1ng 100 c\u1ed5 phi\u1ebfu) v\u1edbi gi\u00e1 R$1.75 m\u1ed7i c\u1ed5 phi\u1ebfu, t\u1ed5ng c\u1ed9ng R$1,750.00 \u0111\u1ea7u t\u01b0. N\u1ebfu \u0111\u1ebfn khi h\u1ebft h\u1ea1n gi\u00e1 c\u1ee7a PETR4 \u0111\u1ea1t R$36.00, k\u1ebft qu\u1ea3 s\u1ebd l\u00e0:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i nhu\u1eadn khi th\u1ef1c hi\u1ec7n: (R$36.00 &#8211; R$32.00) \u00d7 1,000 c\u1ed5 phi\u1ebfu = R$4,000.00<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i nhu\u1eadn r\u00f2ng: R$4,000.00 &#8211; R$1,750.00 = R$2,250.00<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>L\u1ee3i t\u1ee9c \u0111\u1ea7u t\u01b0: 128.57% trong kho\u1ea3ng 60 ng\u00e0y<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>N\u1ebfu c\u1ed5 phi\u1ebfu v\u1eabn d\u01b0\u1edbi R$32.00, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd m\u1ea5t R$1,750.00 \u0111\u00e3 \u0111\u1ea7u t\u01b0, nh\u01b0ng s\u1ebd c\u00f3 r\u1ee7i ro gi\u1edbi h\u1ea1n ch\u00ednh x\u00e1c \u1edf s\u1ed1 ti\u1ec1n n\u00e0y, kh\u00f4ng gi\u1ed1ng nh\u01b0 c\u00e1c v\u1ecb th\u1ebf k\u00fd qu\u1ef9 ho\u1eb7c v\u1ecb th\u1ebf \u0111\u00f2n b\u1ea9y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Quy\u1ec1n ch\u1ecdn b\u00e1n: b\u1ea3o v\u1ec7 t\u00e0i s\u1ea3n \u0111\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Quy\u1ec1n ch\u1ecdn b\u00e1n ho\u1ea1t \u0111\u1ed9ng nh\u01b0 &#8220;b\u1ea3o hi\u1ec3m&#8221; ch\u1ed1ng l\u1ea1i s\u1ef1 gi\u1ea3m gi\u00e1. T\u1ea1i Brazil, n\u01a1i bi\u1ebfn \u0111\u1ed9ng trung b\u00ecnh v\u01b0\u1ee3t qu\u00e1 25% so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n theo d\u1eef li\u1ec7u c\u1ee7a B3, c\u00f4ng c\u1ee5 n\u00e0y \u0111\u1eb7c bi\u1ec7t c\u00f3 gi\u00e1 tr\u1ecb.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>V\u00ed d\u1ee5 c\u1ee5 th\u1ec3: M\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1edf h\u1eefu 1,000 c\u1ed5 phi\u1ebfu Vale (VALE3) mua v\u1edbi gi\u00e1 R$68.00 m\u1ed7i c\u1ed5 phi\u1ebfu (\u0111\u1ea7u t\u01b0 R$68,000.00). Lo ng\u1ea1i v\u1ec1 c\u00e1c t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c c\u00f3 th\u1ec3 c\u00f3 c\u1ee7a gi\u00e1 qu\u1eb7ng s\u1eaft, anh ta mua 10 h\u1ee3p \u0111\u1ed3ng VALEP65 (quy\u1ec1n ch\u1ecdn b\u00e1n v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n R$65.00) v\u1edbi gi\u00e1 R$2.30 m\u1ed7i c\u1ed5 phi\u1ebfu, t\u1ed5ng c\u1ed9ng R$2,300.00 ph\u00ed quy\u1ec1n ch\u1ecdn.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>K\u1ecbch b\u1ea3n cho VALE3<\/th>\n<th>Kh\u00f4ng c\u00f3 b\u1ea3o v\u1ec7 (quy\u1ec1n ch\u1ecdn b\u00e1n)<\/th>\n<th>C\u00f3 b\u1ea3o v\u1ec7 (quy\u1ec1n ch\u1ecdn b\u00e1n)<\/th>\n<th>L\u1ee3i \u00edch r\u00f2ng<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>R$70.00 (+2.94%)<\/td>\n<td>L\u1ee3i nhu\u1eadn: R$2,000.00<\/td>\n<td>L\u1ee3i nhu\u1eadn: R$2,000.00 &#8211; R$2,300.00 = -R$300.00<\/td>\n<td>-R$2,300.00 (chi ph\u00ed b\u1ea3o hi\u1ec3m)<\/td>\n<\/tr>\n<tr>\n<td>R$65.00 (-4.41%)<\/td>\n<td>Thua l\u1ed7: -R$3,000.00<\/td>\n<td>Thua l\u1ed7: -R$3,000.00 + R$0.00 = -R$3,000.00<\/td>\n<td>-R$2,300.00 (chi ph\u00ed b\u1ea3o hi\u1ec3m)<\/td>\n<\/tr>\n<tr>\n<td>R$60.00 (-11.76%)<\/td>\n<td>Thua l\u1ed7: -R$8,000.00<\/td>\n<td>Thua l\u1ed7: -R$8,000.00 + R$5,000.00 = -R$3,000.00<\/td>\n<td>+R$2,700.00<\/td>\n<\/tr>\n<tr>\n<td>R$55.00 (-19.12%)<\/td>\n<td>Thua l\u1ed7: -R$13,000.00<\/td>\n<td>Thua l\u1ed7: -R$13,000.00 + R$10,000.00 = -R$3,000.00<\/td>\n<td>+R$7,700.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil: \u0111\u1eb7c \u0111i\u1ec3m \u0111\u1ed9c quy\u1ec1n v\u00e0 c\u01a1 h\u1ed9i hi\u1ec7n t\u1ea1i<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>T\u1ea1i Brazil, th\u1ecb tr\u01b0\u1eddng <b>c\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng<\/b> c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m \u0111\u1eb7c bi\u1ec7t kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf. Theo d\u1eef li\u1ec7u c\u1ee7a B3 t\u1eeb n\u0103m 2023, ch\u1ec9 7% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n ho\u1ea1t \u0111\u1ed9ng quy\u1ec1n ch\u1ecdn, so v\u1edbi 23% \u1edf M\u1ef9, cho th\u1ea5y ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng l\u1edbn. S\u1ef1 t\u1eadp trung thanh kho\u1ea3n v\u00e0o m\u1ed9t s\u1ed1 \u00edt c\u1ed5 phi\u1ebfu (Petrobras, Vale, Ita\u00fa, B3, v\u00e0 Bradesco chi\u1ebfm 72% kh\u1ed1i l\u01b0\u1ee3ng) t\u1ea1o ra nh\u1eefng b\u1ea5t c\u1eadp m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u00e1i c\u00f3 th\u1ec3 khai th\u00e1c.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed9t \u0111\u1eb7c \u0111i\u1ec3m n\u1ed5i b\u1eadt c\u1ee7a th\u1ecb tr\u01b0\u1eddng Brazil l\u00e0 vi\u1ec7c t\u1ef1 \u0111\u1ed9ng th\u1ef1c hi\u1ec7n c\u00e1c quy\u1ec1n ch\u1ecdn &#8220;trong ti\u1ec1n&#8221; khi h\u1ebft h\u1ea1n. V\u00e0o th\u00e1ng 3\/2024, v\u00ed d\u1ee5, 92% quy\u1ec1n ch\u1ecdn c\u00f3 gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i d\u01b0\u01a1ng \u0111\u00e3 \u0111\u01b0\u1ee3c B3 t\u1ef1 \u0111\u1ed9ng th\u1ef1c hi\u1ec7n, m\u00e0 kh\u00f4ng c\u1ea7n y\u00eau c\u1ea7u t\u1eeb ng\u01b0\u1eddi n\u1eafm gi\u1eef &#8212; m\u1ed9t quy tr\u00ecnh kh\u00e1c v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng nh\u01b0 M\u1ef9, n\u01a1i vi\u1ec7c th\u1ef1c hi\u1ec7n ph\u1ea3i \u0111\u01b0\u1ee3c y\u00eau c\u1ea7u r\u00f5 r\u00e0ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e1c ng\u00e0y h\u1ebft h\u1ea1n t\u1ea1i Brazil di\u1ec5n ra v\u00e0o th\u1ee9 hai th\u1ee9 ba c\u1ee7a m\u1ed7i th\u00e1ng, v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng trung b\u00ecnh cao h\u01a1n 218% trong ba ng\u00e0y tr\u01b0\u1edbc ng\u00e0y n\u00e0y<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>87% quy\u1ec1n ch\u1ecdn giao d\u1ecbch tr\u00ean B3 l\u00e0 lo\u1ea1i &#8220;Ch\u00e2u \u00c2u&#8221;, ch\u1ec9 c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n khi h\u1ebft h\u1ea1n, kh\u00e1c bi\u1ec7t v\u1edbi ti\u00eau chu\u1ea9n M\u1ef9<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Thu\u1ebf 15% tr\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng h\u00e0ng th\u00e1ng y\u00eau c\u1ea7u t\u00ednh to\u00e1n ch\u00ednh x\u00e1c, v\u1edbi b\u00f9 l\u1ed7 gi\u1edbi h\u1ea1n trong c\u00f9ng lo\u1ea1i ho\u1ea1t \u0111\u1ed9ng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch trong ng\u00e0y, t\u1ef7 l\u1ec7 20% \u0111\u01b0\u1ee3c t\u00ednh ri\u00eang bi\u1ec7t v\u1edbi c\u00e1c ho\u1ea1t \u0111\u1ed9ng b\u00ecnh th\u01b0\u1eddng, y\u00eau c\u1ea7u ki\u1ec3m so\u00e1t thu\u1ebf c\u1ee5 th\u1ec3<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil t\u00ecm th\u1ea5y tr\u00ean n\u1ec1n t\u1ea3ng <b>Pocket Option<\/b> c\u00e1c ngu\u1ed3n l\u1ef1c c\u1ee5 th\u1ec3 \u0111\u1ec3 \u0111i\u1ec1u h\u01b0\u1edbng nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m n\u00e0y, bao g\u1ed3m c\u00e1c m\u00e1y t\u00ednh thu\u1ebf v\u00e0 ch\u1ec9 s\u1ed1 thanh kho\u1ea3n \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh cho th\u1ecb tr\u01b0\u1eddng qu\u1ed1c gia, c\u00e1c y\u1ebfu t\u1ed1 quy\u1ebft \u0111\u1ecbnh cho th\u00e0nh c\u00f4ng trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng quy\u1ec1n ch\u1ecdn.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1c y\u1ebfu t\u1ed1 quy\u1ebft \u0111\u1ecbnh trong \u0111\u1ecbnh gi\u00e1 quy\u1ec1n ch\u1ecdn tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ecbnh gi\u00e1 quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil tu\u00e2n theo c\u00e1c y\u1ebfu t\u1ed1 ph\u1ed5 qu\u00e1t, nh\u01b0ng v\u1edbi tr\u1ecdng s\u1ed1 kh\u00e1c bi\u1ec7t do nh\u1eefng \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u1ee7a ch\u00fang ta. Bi\u1ebfn \u0111\u1ed9ng ng\u1ee5 \u00fd trung b\u00ecnh c\u1ee7a quy\u1ec1n ch\u1ecdn Brazil cao h\u01a1n 31% so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n, ph\u1ea3n \u00e1nh r\u1ee7i ro cao h\u01a1n \u0111\u01b0\u1ee3c nh\u1eadn th\u1ee9c trong n\u1ec1n kinh t\u1ebf c\u1ee7a ch\u00fang ta.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Y\u1ebfu t\u1ed1<\/th>\n<th>T\u00e1c \u0111\u1ed9ng l\u00ean quy\u1ec1n ch\u1ecdn mua<\/th>\n<th>T\u00e1c \u0111\u1ed9ng l\u00ean quy\u1ec1n ch\u1ecdn b\u00e1n<\/th>\n<th>D\u1eef li\u1ec7u c\u1ee5 th\u1ec3 t\u1eeb th\u1ecb tr\u01b0\u1eddng Brazil<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Gi\u00e1 t\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/td>\n<td>\u2191 gi\u00e1 c\u1ed5 phi\u1ebfu = \u2191 quy\u1ec1n ch\u1ecdn mua<\/td>\n<td>\u2191 gi\u00e1 c\u1ed5 phi\u1ebfu = \u2193 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td>\n<td>Bi\u1ebfn \u0111\u1ed9ng trung b\u00ecnh c\u1ee7a c\u00e1c blue chip Brazil: 28.7% h\u00e0ng n\u0103m (so v\u1edbi 18.4% cho S&amp;P 500)<\/td>\n<\/tr>\n<tr>\n<td>Gi\u00e1 th\u1ef1c hi\u1ec7n<\/td>\n<td>\u2191 gi\u00e1 th\u1ef1c hi\u1ec7n = \u2193 quy\u1ec1n ch\u1ecdn mua<\/td>\n<td>\u2191 gi\u00e1 th\u1ef1c hi\u1ec7n = \u2191 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td>\n<td>Kho\u1ea3ng c\u00e1ch gi\u1eefa c\u00e1c gi\u00e1 th\u1ef1c hi\u1ec7n t\u1ea1i B3: th\u01b0\u1eddng l\u00e0 R$0.50 cho c\u1ed5 phi\u1ebfu d\u01b0\u1edbi R$20 v\u00e0 R$1.00 cho c\u1ed5 phi\u1ebfu tr\u00ean<\/td>\n<\/tr>\n<tr>\n<td>Th\u1eddi gian \u0111\u1ebfn khi h\u1ebft h\u1ea1n<\/td>\n<td>\u2191 th\u1eddi gian = \u2191 quy\u1ec1n ch\u1ecdn mua<\/td>\n<td>\u2191 th\u1eddi gian = \u2191 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td>\n<td>Thanh kho\u1ea3n t\u1eadp trung (73%) trong c\u00e1c lo\u1ea1t h\u1ebft h\u1ea1n trong v\u00f2ng 30 ng\u00e0y<\/td>\n<\/tr>\n<tr>\n<td>Bi\u1ebfn \u0111\u1ed9ng<\/td>\n<td>\u2191 bi\u1ebfn \u0111\u1ed9ng = \u2191 quy\u1ec1n ch\u1ecdn mua<\/td>\n<td>\u2191 bi\u1ebfn \u0111\u1ed9ng = \u2191 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td>\n<td>Bi\u1ebfn \u0111\u1ed9ng \u0111\u1ea1t \u0111\u1ec9nh cao h\u01a1n 3.2 l\u1ea7n trong c\u00e1c k\u1ef3 b\u1ea7u c\u1eed Brazil<\/td>\n<\/tr>\n<tr>\n<td>L\u00e3i su\u1ea5t<\/td>\n<td>\u2191 l\u00e3i su\u1ea5t = \u2191 quy\u1ec1n ch\u1ecdn mua<\/td>\n<td>\u2191 l\u00e3i su\u1ea5t = \u2193 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td>\n<td>L\u00e3i su\u1ea5t Selic 10.50% v\u00e0o th\u00e1ng 4\/2024 so v\u1edbi trung b\u00ecnh 2.5% \u1edf c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n<\/td>\n<\/tr>\n<tr>\n<td>C\u1ed5 t\u1ee9c<\/td>\n<td>\u2191 c\u1ed5 t\u1ee9c = \u2193 quy\u1ec1n ch\u1ecdn mua<\/td>\n<td>\u2191 c\u1ed5 t\u1ee9c = \u2191 quy\u1ec1n ch\u1ecdn b\u00e1n<\/td>\n<td>L\u1ee3i t\u1ee9c c\u1ed5 t\u1ee9c trung b\u00ecnh c\u1ee7a Ibovespa: 6.8%, v\u1edbi c\u00e1c kho\u1ea3n thanh to\u00e1n t\u1eadp trung v\u00e0o th\u00e1ng 4 v\u00e0 th\u00e1ng 10<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Bi\u1ebfn \u0111\u1ed9ng ng\u1ee5 \u00fd tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil \u0111\u00e1ng \u0111\u01b0\u1ee3c ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t. Ph\u00e2n t\u00edch c\u1ee7a B3 cho th\u1ea5y r\u1eb1ng, trung b\u00ecnh, bi\u1ebfn \u0111\u1ed9ng n\u00e0y v\u01b0\u1ee3t qu\u00e1 l\u1ecbch s\u1eed 22%, m\u1ed9t hi\u1ec7n t\u01b0\u1ee3ng \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 &#8220;ph\u00ed b\u1ea3o hi\u1ec3m bi\u1ebfn \u0111\u1ed9ng.&#8221; S\u1ef1 kh\u00e1c bi\u1ec7t n\u00e0y r\u00f5 r\u1ec7t h\u01a1n trong c\u00e1c giai \u0111o\u1ea1n b\u1ea5t \u1ed5n ch\u00ednh tr\u1ecb ho\u1eb7c kinh t\u1ebf, \u0111\u1ea1t 38% trong cu\u1ed9c b\u1ea7u c\u1eed t\u1ed5ng th\u1ed1ng n\u0103m 2022.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u00f4 h\u00ecnh Black-Scholes, m\u1eb7c d\u00f9 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng to\u00e0n c\u1ea7u, nh\u1eadn \u0111\u01b0\u1ee3c c\u00e1c \u0111i\u1ec1u ch\u1ec9nh c\u1ee5 th\u1ec3 cho th\u1ecb tr\u01b0\u1eddng Brazil, bao g\u1ed3m c\u00e1c \u0111i\u1ec1u ch\u1ec9nh cho l\u00e3i su\u1ea5t cao v\u00e0 ph\u00e2n ph\u1ed1i kh\u00f4ng b\u00ecnh th\u01b0\u1eddng c\u1ee7a l\u1ee3i nhu\u1eadn. <b>Pocket Option<\/b> th\u1ef1c hi\u1ec7n c\u00e1c \u0111i\u1ec1u ch\u1ec9nh n\u00e0y trong c\u00e1c m\u00e1y t\u00ednh c\u1ee7a m\u00ecnh, cho ph\u00e9p \u0111\u1ecbnh gi\u00e1 ch\u00ednh x\u00e1c h\u01a1n cho c\u00e1c \u0111i\u1ec1u ki\u1ec7n c\u1ee7a Brazil.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c quy\u1ec1n ch\u1ecdn th\u00edch \u1ee9ng v\u1edbi th\u1ef1c t\u1ebf c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec3u <b>quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec<\/b> ch\u1ec9 l\u00e0 b\u01b0\u1edbc kh\u1edfi \u0111\u1ea7u. Ti\u1ec1m n\u0103ng th\u1ef1c s\u1ef1 c\u1ee7a c\u00e1c c\u00f4ng c\u1ee5 n\u00e0y \u0111\u01b0\u1ee3c th\u1ec3 hi\u1ec7n qua c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ee5 th\u1ec3, th\u00edch \u1ee9ng v\u1edbi \u0111i\u1ec1u ki\u1ec7n \u0111\u1ed9c \u0111\u00e1o c\u1ee7a th\u1ecb tr\u01b0\u1eddng Brazil, v\u1edbi bi\u1ebfn \u0111\u1ed9ng cao v\u00e0 l\u00e3i su\u1ea5t cao.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c b\u1ea3o v\u1ec7 (hedge) v\u1edbi v\u00ed d\u1ee5 \u0111\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>B\u1ea3o v\u1ec7 danh m\u1ee5c \u0111\u1ea7u t\u01b0 l\u00e0 r\u1ea5t quan tr\u1ecdng trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng n\u01a1i c\u00e1c s\u1ef1 ki\u1ec7n ch\u00ednh tr\u1ecb c\u00f3 th\u1ec3 g\u00e2y ra bi\u1ebfn \u0111\u1ed9ng l\u00ean \u0111\u1ebfn 10% trong m\u1ed9t ng\u00e0y, nh\u01b0 \u0111\u00e3 x\u1ea3y ra v\u00e0o th\u00e1ng 3\/2022. D\u1eef li\u1ec7u c\u1ee7a B3 cho th\u1ea5y r\u1eb1ng c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 th\u1ef1c hi\u1ec7n b\u1ea3o v\u1ec7 v\u1edbi quy\u1ec1n ch\u1ecdn b\u00e1n trong c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng nh\u01b0 \u0111\u1ea1i d\u1ecbch n\u0103m 2020 \u0111\u00e3 gi\u1ea3m thi\u1ec3u t\u1ed5n th\u1ea5t l\u00ean \u0111\u1ebfn 38%.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quy\u1ec1n ch\u1ecdn b\u00e1n b\u1ea3o v\u1ec7: Trong \u0111\u1ee3t gi\u1ea3m 30% c\u1ee7a Ibovespa v\u00e0o th\u00e1ng 3\/2020, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 quy\u1ec1n ch\u1ecdn b\u00e1n \u0111\u00e3 gi\u1edbi h\u1ea1n t\u1ed5n th\u1ea5t \u1edf m\u1ee9c 12-15%<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m: Chi\u1ebfn l\u01b0\u1ee3c n\u00e0y t\u1ea1o ra thu nh\u1eadp trung b\u00ecnh b\u1ed5 sung 0.8% m\u1ed7i th\u00e1ng v\u00e0o n\u0103m 2023 cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 danh m\u1ee5c blue chip<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Collar: K\u1ebft h\u1ee3p mua quy\u1ec1n ch\u1ecdn b\u00e1n v\u00e0 b\u00e1n quy\u1ec1n ch\u1ecdn mua, gi\u1ea3m chi ph\u00ed b\u1ea3o v\u1ec7 kho\u1ea3ng 65% trong \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng b\u00ecnh th\u01b0\u1eddng<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>V\u00ed d\u1ee5 th\u1ef1c t\u1ebf: M\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1edbi R$100,000 trong c\u1ed5 phi\u1ebfu Petrobras v\u00e0o th\u00e1ng 1\/2023 \u0111\u00e3 th\u1ef1c hi\u1ec7n chi\u1ebfn l\u01b0\u1ee3c collar (mua quy\u1ec1n ch\u1ecdn b\u00e1n v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n R$28 v\u00e0 b\u00e1n quy\u1ec1n ch\u1ecdn mua v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n R$32) v\u1edbi chi ph\u00ed r\u00f2ng R$1,200, \u0111\u00e3 gi\u1edbi h\u1ea1n t\u1ed5n th\u1ea5t ti\u1ec1m n\u0103ng c\u1ee7a h\u1ecd \u1edf m\u1ee9c 8% trong cu\u1ed9c kh\u1ee7ng ho\u1ea3ng qu\u1ea3n tr\u1ecb \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn c\u00f4ng ty trong qu\u00fd \u0111\u1ea7u ti\u00ean, trong khi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng c\u00f3 b\u1ea3o v\u1ec7 ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi t\u1ed5n th\u1ea5t l\u00ean \u0111\u1ebfn 22%.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Chi\u1ebfn l\u01b0\u1ee3c Hedge<\/th>\n<th>Th\u1eddi \u0111i\u1ec3m t\u1ed1t nh\u1ea5t \u0111\u1ec3 th\u1ef1c hi\u1ec7n<\/th>\n<th>Chi ph\u00ed so v\u1edbi v\u1ed1n \u0111\u01b0\u1ee3c b\u1ea3o v\u1ec7<\/th>\n<th>Hi\u1ec7u qu\u1ea3 trong c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng g\u1ea7n \u0111\u00e2y (2020-2023)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Quy\u1ec1n ch\u1ecdn b\u00e1n b\u1ea3o v\u1ec7<\/td>\n<td>Sau khi t\u0103ng li\u00ean t\u1ee5c v\u00e0 khi bi\u1ebfn \u0111\u1ed9ng ng\u1ee5 \u00fd d\u01b0\u1edbi m\u1ee9c trung b\u00ecnh l\u1ecbch s\u1eed<\/td>\n<td>2.5%-4.5% cho b\u1ea3o v\u1ec7 3 th\u00e1ng<\/td>\n<td>97% hi\u1ec7u qu\u1ea3 trong vi\u1ec7c gi\u1edbi h\u1ea1n t\u1ed5n th\u1ea5t \u1edf m\u1ee9c gi\u00e1 th\u1ef1c hi\u1ec7n<\/td>\n<\/tr>\n<tr>\n<td>B\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m<\/td>\n<td>Trong c\u00e1c th\u1ecb tr\u01b0\u1eddng \u0111i ngang ho\u1eb7c c\u00f3 xu h\u01b0\u1edbng t\u0103ng nh\u1eb9 (l\u00ean \u0111\u1ebfn 0.5% h\u00e0ng tu\u1ea7n)<\/td>\n<td>T\u1ea1o ra thu nh\u1eadp 0.5%-1.2% h\u00e0ng th\u00e1ng<\/td>\n<td>Gi\u1ea3m t\u1ed5n th\u1ea5t 15-22% trong c\u00e1c \u0111\u1ee3t gi\u1ea3m m\u1ea1nh<\/td>\n<\/tr>\n<tr>\n<td>Collar<\/td>\n<td>Khi d\u1ef1 ki\u1ebfn bi\u1ebfn \u0111\u1ed9ng cao, nh\u01b0ng v\u1edbi h\u01b0\u1edbng kh\u00f4ng ch\u1eafc ch\u1eafn<\/td>\n<td>0.5%-1.5% cho b\u1ea3o v\u1ec7 3 th\u00e1ng<\/td>\n<td>85% hi\u1ec7u qu\u1ea3 trong vi\u1ec7c gi\u1edbi h\u1ea1n t\u1ed5n th\u1ea5t, v\u1edbi gi\u1edbi h\u1ea1n c\u0169ng c\u1ee7a l\u1ee3i nhu\u1eadn<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u c\u01a1 v\u00e0 t\u1ea1o thu nh\u1eadp v\u1edbi c\u00e1c ch\u1ec9 s\u1ed1 hi\u1ec7u su\u1ea5t<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ngo\u00e0i b\u1ea3o v\u1ec7, <b>c\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng<\/b> c\u0169ng bao g\u1ed3m c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ecbnh h\u01b0\u1edbng v\u00e0 t\u1ea1o thu nh\u1eadp. D\u1eef li\u1ec7u c\u1ee7a B3 ti\u1ebft l\u1ed9 r\u1eb1ng 68% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n giao d\u1ecbch quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil s\u1eed d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u01a1n gi\u1ea3n (mua ho\u1eb7c b\u00e1n tr\u1ef1c ti\u1ebfp), trong khi ch\u1ec9 32% \u00e1p d\u1ee5ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ea5u tr\u00fac mang l\u1ea1i t\u1ef7 l\u1ec7 r\u1ee7i ro-l\u1ee3i nhu\u1eadn t\u1ed1t h\u01a1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Mua tr\u1ef1c ti\u1ebfp quy\u1ec1n ch\u1ecdn mua ho\u1eb7c b\u00e1n \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng b\u1edfi 47% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n Brazil, theo nghi\u00ean c\u1ee9u c\u1ee7a ANBIMA (2023). V\u00ed d\u1ee5, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 \u0111\u1eb7t c\u01b0\u1ee3c R$5,000 v\u00e0o quy\u1ec1n ch\u1ecdn mua Petrobras tr\u01b0\u1edbc th\u00f4ng b\u00e1o ch\u00ednh s\u00e1ch c\u1ed5 t\u1ee9c v\u00e0o th\u00e1ng 2\/2024 \u0111\u00e3 thu \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn 215% ch\u1ec9 trong 8 ng\u00e0y khi c\u00f4ng ty c\u00f4ng b\u1ed1 ph\u00e2n ph\u1ed1i v\u01b0\u1ee3t qu\u00e1 mong \u0111\u1ee3i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ea5u tr\u00fac nh\u01b0 ch\u00eanh l\u1ec7ch d\u1ecdc \u0111\u00e3 gi\u1ea3m t\u1ef7 l\u1ec7 t\u1ed5n th\u1ea5t to\u00e0n b\u1ed9 t\u1eeb 62% xu\u1ed1ng 37% trong s\u1ed1 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n \u0111\u00e3 \u00e1p d\u1ee5ng ch\u00fang, theo m\u1ed9t nghi\u00ean c\u1ee9u c\u1ee7a FGV (2023). Ch\u00eanh l\u1ec7ch quy\u1ec1n ch\u1ecdn mua t\u0103ng, v\u00ed d\u1ee5, \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng trong k\u1ef3 v\u1ecdng t\u0103ng v\u1eeba ph\u1ea3i, bao g\u1ed3m mua m\u1ed9t quy\u1ec1n ch\u1ecdn mua v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n th\u1ea5p h\u01a1n v\u00e0 b\u00e1n m\u1ed9t quy\u1ec1n ch\u1ecdn kh\u00e1c v\u1edbi gi\u00e1 th\u1ef1c hi\u1ec7n cao h\u01a1n, gi\u1ea3m chi ph\u00ed ban \u0111\u1ea7u v\u00e0 gi\u1edbi h\u1ea1n c\u1ea3 l\u1ee3i nhu\u1eadn t\u1ed1i \u0111a v\u00e0 t\u1ed5n th\u1ea5t ti\u1ec1m n\u0103ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Iron Condor: T\u1ea1o ra l\u1ee3i nhu\u1eadn trung b\u00ecnh 12.4% v\u00e0o n\u0103m 2023 cho nh\u1eefng ng\u01b0\u1eddi th\u1ef1c hi\u1ec7n n\u00f3 tr\u00ean c\u00e1c ch\u1ec9 s\u1ed1 trong c\u00e1c k\u1ef3 ti\u1ec1n b\u1ea7u c\u1eed, v\u1edbi t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng 73%<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Butterfly: Chi\u1ebfn l\u01b0\u1ee3c ch\u00ednh x\u00e1c \u0111\u1ea1t \u0111\u1ed9 ch\u00ednh x\u00e1c 84% khi \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng g\u1ea7n c\u00e1c th\u00f4ng b\u00e1o k\u1ebft qu\u1ea3 h\u00e0ng qu\u00fd c\u1ee7a c\u00e1c c\u00f4ng ty Ibovespa<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Calendar Spread: Khai th\u00e1c th\u00e0nh c\u00f4ng s\u1ef1 kh\u00e1c bi\u1ec7t th\u1eddi gian gi\u1eefa c\u00e1c k\u1ef3 h\u1ea1n, t\u1ea1o ra l\u1ee3i nhu\u1eadn trung b\u00ecnh 8.3% m\u1ed7i chu k\u1ef3 v\u00e0o n\u0103m 2023<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n kh\u00f4ng c\u00f3 b\u1ea3o hi\u1ec3m: Cung c\u1ea5p l\u1ee3i nhu\u1eadn trung b\u00ecnh 1.85% m\u1ed7i th\u00e1ng v\u00e0o n\u0103m 2023 cho c\u00e1c nh\u00e0 \u0111i\u1ec1u h\u00e0nh c\u00f3 kinh nghi\u1ec7m, nh\u01b0ng v\u1edbi r\u1ee7i ro cao h\u01a1n \u0111\u00e1ng k\u1ec3<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> cung c\u1ea5p c\u00e1c ph\u00e2n t\u00edch chi ti\u1ebft v\u1ec1 hi\u1ec7u su\u1ea5t l\u1ecbch s\u1eed c\u1ee7a c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e0y c\u1ee5 th\u1ec3 trong th\u1ecb tr\u01b0\u1eddng Brazil, cho ph\u00e9p c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh d\u1ef1a tr\u00ean d\u1eef li\u1ec7u c\u1ee5 th\u1ec3, kh\u00f4ng ph\u1ea3i c\u00e1c l\u00fd thuy\u1ebft chung \u0111\u01b0\u1ee3c ph\u00e1t tri\u1ec3n cho c\u00e1c th\u1ecb tr\u01b0\u1eddng kh\u00e1c.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>R\u1ee7i ro \u0111\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng v\u00e0 gi\u1ea3m thi\u1ec3u th\u1ef1c t\u1ebf khi ho\u1ea1t \u0111\u1ed9ng v\u1edbi quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil, v\u1edbi bi\u1ebfn \u0111\u1ed9ng trung b\u00ecnh cao h\u01a1n 31% so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n, mang l\u1ea1i c\u1ea3 c\u01a1 h\u1ed9i v\u00e0 r\u1ee7i ro gia t\u0103ng. D\u1eef li\u1ec7u c\u1ee7a CVM cho th\u1ea5y r\u1eb1ng 74% nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n ho\u1ea1t \u0111\u1ed9ng \u0111\u1ed9c quy\u1ec1n v\u1edbi quy\u1ec1n ch\u1ecdn c\u00f3 k\u1ebft qu\u1ea3 \u00e2m trong 12 th\u00e1ng \u0111\u1ea7u ti\u00ean, ch\u1ee9ng t\u1ecf s\u1ef1 c\u1ea7n thi\u1ebft c\u1ee7a qu\u1ea3n l\u00fd r\u1ee7i ro nghi\u00eam ng\u1eb7t.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>R\u1ee7i ro<\/th>\n<th>T\u00e1c \u0111\u1ed9ng \u0111\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng<\/th>\n<th>Chi\u1ebfn l\u01b0\u1ee3c gi\u1ea3m thi\u1ec3u hi\u1ec7u qu\u1ea3<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>M\u1ea5t ph\u00ed quy\u1ec1n ch\u1ecdn<\/td>\n<td>88% quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c mua b\u1edfi c\u00e1 nh\u00e2n h\u1ebft h\u1ea1n v\u00f4 gi\u00e1 tr\u1ecb<\/td>\n<td>Gi\u1edbi h\u1ea1n ph\u00e2n b\u1ed5 v\u00e0o 2-3% v\u1ed1n cho m\u1ed7i ho\u1ea1t \u0111\u1ed9ng; \u0111a d\u1ea1ng h\u00f3a k\u1ef3 h\u1ea1n<\/td>\n<\/tr>\n<tr>\n<td>R\u1ee7i ro kh\u00f4ng gi\u1edbi h\u1ea1n trong c\u00e1c giao d\u1ecbch b\u00e1n kh\u00f4ng c\u00f3 b\u1ea3o hi\u1ec3m<\/td>\n<td>T\u1ed5n th\u1ea5t trung b\u00ecnh 37% v\u1ed1n trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng kh\u00f4ng \u0111\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng \u0111\u00fang<\/td>\n<td>S\u1eed d\u1ee5ng c\u00e1c giao d\u1ecbch b\u00e1n c\u00f3 b\u1ea3o hi\u1ec3m ho\u1eb7c ch\u00eanh l\u1ec7ch \u0111\u1ec3 gi\u1edbi h\u1ea1n t\u1ed5n th\u1ea5t ti\u1ec1m n\u0103ng<\/td>\n<\/tr>\n<tr>\n<td>Thanh kho\u1ea3n kh\u00f4ng \u0111\u1ee7<\/td>\n<td>Ch\u00eanh l\u1ec7ch trung b\u00ecnh 3.8% trong c\u00e1c quy\u1ec1n ch\u1ecdn \u00edt giao d\u1ecbch so v\u1edbi 0.7% trong c\u00e1c quy\u1ec1n ch\u1ecdn c\u00f3 thanh kho\u1ea3n cao nh\u1ea5t<\/td>\n<td>Ho\u1ea1t \u0111\u1ed9ng trong c\u00e1c lo\u1ea1t c\u00f3 kh\u1ed1i l\u01b0\u1ee3ng h\u00e0ng ng\u00e0y t\u1ed1i thi\u1ec3u 500 h\u1ee3p \u0111\u1ed3ng; ki\u1ec3m tra l\u00e3i su\u1ea5t m\u1edf<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u00f2n b\u1ea9y qu\u00e1 m\u1ee9c<\/td>\n<td>72% c\u00e1c tr\u01b0\u1eddng h\u1ee3p g\u1ecdi k\u00fd qu\u1ef9 li\u00ean quan \u0111\u1ebfn vi\u1ec7c s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y &gt;5x<\/td>\n<td>Gi\u1eef \u0111\u00f2n b\u1ea9y d\u01b0\u1edbi 3x; th\u1ef1c hi\u1ec7n d\u1eebng l\u1ed7 t\u1ef1 \u0111\u1ed9ng<\/td>\n<\/tr>\n<tr>\n<td>\u0110\u1ed9 ph\u1ee9c t\u1ea1p<\/td>\n<td>T\u01b0\u01a1ng quan 0.71 gi\u1eefa ki\u1ebfn th\u1ee9c tr\u01b0\u1edbc \u0111\u00f3 v\u00e0 k\u1ebft qu\u1ea3 t\u00edch c\u1ef1c<\/td>\n<td>D\u00e0nh \u00edt nh\u1ea5t 20 gi\u1edd h\u1ecdc tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n ho\u1ea1t \u0111\u1ed9ng th\u1ef1c t\u1ebf \u0111\u1ea7u ti\u00ean<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil, chi ph\u00ed ho\u1ea1t \u0111\u1ed9ng c\u1ea7n \u0111\u01b0\u1ee3c ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t. M\u1ed9t kh\u1ea3o s\u00e1t v\u1edbi 15 nh\u00e0 m\u00f4i gi\u1edbi v\u00e0o th\u00e1ng 3\/2024 cho th\u1ea5y s\u1ef1 ch\u00eanh l\u1ec7ch l\u1edbn: ph\u00ed m\u00f4i gi\u1edbi cho c\u00e1c ho\u1ea1t \u0111\u1ed9ng quy\u1ec1n ch\u1ecdn dao \u0111\u1ed9ng t\u1eeb R$4.50 \u0111\u1ebfn R$25.00 m\u1ed7i l\u1ec7nh, v\u1edbi ph\u00ed B3 l\u00e0 0.035% tr\u00ean gi\u00e1 tr\u1ecb ho\u1ea1t \u0111\u1ed9ng v\u00e0 ph\u00ed \u0111\u0103ng k\u00fd c\u00f3 th\u1ec3 l\u00ean \u0111\u1ebfn 0.069%. Nh\u1eefng chi ph\u00ed n\u00e0y, t\u01b0\u1edfng ch\u1eebng nh\u1ecf, c\u00f3 th\u1ec3 ti\u00eau t\u1ed1n \u0111\u1ebfn 27% k\u1ebft qu\u1ea3 trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng ng\u1eafn h\u1ea1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> cung c\u1ea5p c\u00e1c m\u00e1y t\u00ednh t\u00edch h\u1ee3p t\u1ea5t c\u1ea3 c\u00e1c chi ph\u00ed n\u00e0y trong c\u00e1c m\u00f4 ph\u1ecfng c\u1ee7a h\u1ecd, cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 h\u00ecnh dung k\u1ebft qu\u1ea3 r\u00f2ng th\u1ef1c t\u1ebf c\u1ee7a c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a h\u1ecd tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n, tr\u00e1nh nh\u1eefng b\u1ea5t ng\u1edd kh\u00f3 ch\u1ecbu.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Kh\u00eda c\u1ea1nh th\u1ef1c t\u1ebf: l\u1ed9 tr\u00ecnh t\u1eebng b\u01b0\u1edbc cho th\u1ecb tr\u01b0\u1eddng Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ed1i v\u1edbi nh\u1eefng ai mu\u1ed1n b\u1eaft \u0111\u1ea7u trong th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil, l\u1ed9 tr\u00ecnh tu\u1ea7n t\u1ef1 n\u00e0y, d\u1ef1a tr\u00ean d\u1eef li\u1ec7u th\u00e0nh c\u00f4ng t\u1eeb h\u01a1n 5,000 nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c B3 l\u1eadp b\u1ea3n \u0111\u1ed3, cung c\u1ea5p con \u0111\u01b0\u1eddng hi\u1ec7u qu\u1ea3 nh\u1ea5t:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>M\u1edf t\u00e0i kho\u1ea3n v\u1edbi m\u1ed9t nh\u00e0 m\u00f4i gi\u1edbi chuy\u00ean v\u1ec1 ph\u00e1i sinh, v\u1edbi m\u1ee9c ph\u00ed c\u1ea1nh tranh v\u00e0 c\u00f4ng c\u1ee5 ph\u00e2n t\u00edch (ti\u1ebft ki\u1ec7m trung b\u00ecnh R$850\/n\u0103m trong chi ph\u00ed ho\u1ea1t \u0111\u1ed9ng)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>D\u00e0nh \u00edt nh\u1ea5t 40 gi\u1edd h\u1ecdc c\u1ee5 th\u1ec3 v\u1ec1 quy\u1ec1n ch\u1ecdn trong b\u1ed1i c\u1ea3nh Brazil (c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 l\u00e0m \u0111i\u1ec1u n\u00e0y c\u00f3 t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng cao h\u01a1n 3.2 l\u1ea7n)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Th\u1ef1c hi\u1ec7n \u00edt nh\u1ea5t 50 ho\u1ea1t \u0111\u1ed9ng m\u00f4 ph\u1ecfng ghi l\u1ea1i k\u1ebft qu\u1ea3 v\u00e0 b\u00e0i h\u1ecdc (gi\u1ea3m t\u1ef7 l\u1ec7 l\u1ed7i 62% trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng th\u1ef1c t\u1ebf)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>B\u1eaft \u0111\u1ea7u v\u1edbi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c b\u1ea3o th\u1ee7 nh\u01b0 b\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m ho\u1eb7c ch\u00eanh l\u1ec7ch d\u1ecdc (t\u1ef7 l\u1ec7 th\u00e0nh c\u00f4ng 65% so v\u1edbi 28% trong c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ecbnh h\u01b0\u1edbng \u0111\u01a1n gi\u1ea3n)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u1edbi h\u1ea1n v\u1ed1n ban \u0111\u1ea7u t\u1ed1i \u0111a 10% t\u00e0i s\u1ea3n \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n v\u00e0 m\u1ed7i ho\u1ea1t \u0111\u1ed9ng 2-3% gi\u00e1 tr\u1ecb n\u00e0y (gi\u1ea3m x\u00e1c su\u1ea5t t\u1eeb b\u1ecf s\u1edbm 78%)<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Vi\u1ec7c khai b\u00e1o thu\u1ebf c\u1ee7a c\u00e1c ho\u1ea1t \u0111\u1ed9ng quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil \u0111\u00f2i h\u1ecfi s\u1ef1 ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t. C\u00e1c ho\u1ea1t \u0111\u1ed9ng ph\u1ea3i \u0111\u01b0\u1ee3c b\u00e1o c\u00e1o h\u00e0ng th\u00e1ng khi c\u00f3 l\u1ee3i nhu\u1eadn ch\u1ecbu thu\u1ebf, v\u1edbi vi\u1ec7c thu qua m\u00e3 DARF 6015 (15% tr\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng) cho \u0111\u1ebfn ng\u00e0y l\u00e0m vi\u1ec7c cu\u1ed1i c\u00f9ng c\u1ee7a th\u00e1ng ti\u1ebfp theo. C\u00e1c kho\u1ea3n l\u1ed7 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c b\u00f9 tr\u1eeb ch\u1ec9 v\u1edbi c\u00e1c kho\u1ea3n l\u00e3i c\u00f9ng lo\u1ea1i trong th\u00e1ng hi\u1ec7n t\u1ea1i ho\u1eb7c trong c\u00e1c th\u00e1ng t\u01b0\u01a1ng lai, kh\u00f4ng c\u00f3 th\u1eddi h\u1ea1n h\u1ebft h\u1ea1n. H\u00e0ng n\u0103m, t\u1ea5t c\u1ea3 c\u00e1c ho\u1ea1t \u0111\u1ed9ng c\u1ea7n \u0111\u01b0\u1ee3c b\u00e1o c\u00e1o trong Tuy\u00ean b\u1ed1 \u0110i\u1ec1u ch\u1ec9nh H\u00e0ng n\u0103m trong ch\u01b0\u01a1ng tr\u00ecnh Thu\u1ebf Thu nh\u1eadp.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> cung c\u1ea5p c\u00e1c m\u1eabu b\u1ea3ng t\u00ednh ki\u1ec3m so\u00e1t t\u00e0i ch\u00ednh \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh cho c\u00e1c y\u00eau c\u1ea7u c\u1ee5 th\u1ec3 c\u1ee7a C\u1ee5c Thu\u1ebf Li\u00ean bang cho c\u00e1c ho\u1ea1t \u0111\u1ed9ng quy\u1ec1n ch\u1ecdn, t\u1ea1o \u0111i\u1ec1u ki\u1ec7n tu\u00e2n th\u1ee7 c\u00e1c ngh\u0129a v\u1ee5 thu\u1ebf th\u01b0\u1eddng g\u00e2y nh\u1ea7m l\u1eabn cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Xu h\u01b0\u1edbng v\u00e0 t\u01b0\u01a1ng lai c\u1ee7a th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil v\u1edbi d\u1eef li\u1ec7u d\u1ef1 b\u00e1o<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil \u0111ang tr\u1ea3i qua s\u1ef1 chuy\u1ec3n \u0111\u1ed5i \u0111\u00e1ng k\u1ec3, v\u1edbi c\u00e1c xu h\u01b0\u1edbng d\u1ef1a tr\u00ean d\u1eef li\u1ec7u c\u1ee5 th\u1ec3 v\u00e0 d\u1ef1 b\u00e1o nh\u1ea5t qu\u00e1n:<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>S\u1ef1 tham gia c\u1ee7a c\u00e1 nh\u00e2n t\u0103ng 285% t\u1eeb n\u0103m 2019-2023, nh\u1ea3y t\u1eeb 98 ngh\u00ecn l\u00ean 381 ngh\u00ecn CPF ho\u1ea1t \u0111\u1ed9ng<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Kh\u1ed1i l\u01b0\u1ee3ng c\u00e1c kh\u00f3a h\u1ecdc ch\u1ee9ng nh\u1eadn v\u1ec1 quy\u1ec1n ch\u1ecdn t\u0103ng 412% trong c\u00f9ng k\u1ef3, v\u1edbi h\u01a1n 140 ngh\u00ecn ch\u1ee9ng ch\u1ec9 \u0111\u01b0\u1ee3c c\u1ea5p<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Quy\u1ec1n ch\u1ecdn tr\u00ean c\u00e1c ETF Brazil ghi nh\u1eadn t\u0103ng tr\u01b0\u1edfng kh\u1ed1i l\u01b0\u1ee3ng 173% v\u00e0o n\u0103m 2023, cho th\u1ea5y s\u1ef1 \u0111a d\u1ea1ng h\u00f3a ngo\u00e0i c\u00e1c c\u1ed5 phi\u1ebfu ri\u00eang l\u1ebb<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>C\u00e1c n\u1ec1n t\u1ea3ng chuy\u00ean bi\u1ec7t c\u1ee7a Pocket Option ghi nh\u1eadn s\u1ef1 gia t\u0103ng 215% s\u1ed1 l\u01b0\u1ee3ng ng\u01b0\u1eddi d\u00f9ng Brazil t\u1eeb n\u0103m 2022-2023<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>B3 \u0111\u00e3 th\u1ef1c hi\u1ec7n 12 thay \u0111\u1ed5i quy \u0111\u1ecbnh t\u1eeb n\u0103m 2021-2023 \u0111\u1ec3 k\u00edch th\u00edch th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn, bao g\u1ed3m gi\u1ea3m chi ph\u00ed ho\u1ea1t \u0111\u1ed9ng (gi\u1ea3m 28% ph\u00ed), gi\u1edbi thi\u1ec7u c\u00e1c lo\u1ea1t m\u1edbi, v\u00e0 m\u1edf r\u1ed9ng gi\u1edd giao d\u1ecbch. \u0110\u1ed1i v\u1edbi n\u0103m 2024-2025, s\u00e0n giao d\u1ecbch \u0111\u00e3 c\u00f4ng b\u1ed1 k\u1ebf ho\u1ea1ch gi\u1edbi thi\u1ec7u quy\u1ec1n ch\u1ecdn tr\u00ean c\u00e1c ch\u1ec9 s\u1ed1 ng\u00e0nh v\u00e0 t\u0103ng cung c\u1ea5p c\u00e1c gi\u00e1 th\u1ef1c hi\u1ec7n, \u0111\u01b0a th\u1ecb tr\u01b0\u1eddng Brazil g\u1ea7n h\u01a1n v\u1edbi ti\u00eau chu\u1ea9n qu\u1ed1c t\u1ebf.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>V\u1edbi s\u1ef1 gia t\u0103ng tinh vi c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil, m\u1ed9t s\u1ef1 chuy\u1ec3n d\u1ecbch t\u1eeb quan \u0111i\u1ec3m thu\u1ea7n t\u00fay \u0111\u1ea7u c\u01a1 sang c\u00e1c ph\u01b0\u01a1ng ph\u00e1p ti\u1ebfp c\u1eadn chi\u1ebfn l\u01b0\u1ee3c \u0111\u01b0\u1ee3c quan s\u00e1t. D\u1eef li\u1ec7u c\u1ee7a ANBIMA cho th\u1ea5y r\u1eb1ng, t\u1eeb n\u0103m 2021-2023, t\u1ef7 l\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eed d\u1ee5ng quy\u1ec1n ch\u1ecdn \u0111\u1ec3 b\u1ea3o v\u1ec7 (hedge) \u0111\u00e3 t\u0103ng t\u1eeb 17% l\u00ean 31%, ch\u1ee9ng t\u1ecf s\u1ef1 tr\u01b0\u1edfng th\u00e0nh c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Vi\u1ec7c \u00e1p d\u1ee5ng c\u00e1c c\u00f4ng ngh\u1ec7 ti\u00ean ti\u1ebfn \u0111ang bi\u1ebfn \u0111\u1ed5i h\u1ec7 sinh th\u00e1i quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil. C\u00e1c thu\u1eadt to\u00e1n giao d\u1ecbch t\u1ef1 \u0111\u1ed9ng, tr\u01b0\u1edbc \u0111\u00e2y ch\u1ec9 gi\u1edbi h\u1ea1n cho c\u00e1c t\u1ed5 ch\u1ee9c, hi\u1ec7n \u0111\u00e3 c\u00f3 s\u1eb5n cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n th\u00f4ng qua c\u00e1c n\u1ec1n t\u1ea3ng chuy\u00ean bi\u1ec7t. V\u00e0o n\u0103m 2023, 23% c\u00e1c l\u1ec7nh quy\u1ec1n ch\u1ecdn t\u1ea1i B3 \u0111\u01b0\u1ee3c xu\u1ea5t ph\u00e1t t\u1eeb c\u00e1c thu\u1eadt to\u00e1n b\u00e1n l\u1ebb, so v\u1edbi ch\u1ec9 7% v\u00e0o n\u0103m 2020.<\/p>\n<\/div>\n    <div class=\"po-container po-container_width_article\">\n        <a href=\"\/en\/quick-start\/\" class=\"po-line-banner po-article-page__line-banner\">\n            <svg class=\"svg-image po-line-banner__logo\" fill=\"currentColor\" width=\"auto\" height=\"auto\"\n                 aria-hidden=\"true\">\n                <use href=\"#svg-img-logo-white\"><\/use>\n            <\/svg>\n            <span class=\"po-line-banner__btn\"><\/span>\n        <\/a>\n    <\/div>\n    \n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>K\u1ebft lu\u1eadn: t\u1eadn d\u1ee5ng c\u01a1 h\u1ed9i trong th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu \u0111\u1ea1i di\u1ec7n cho c\u00e1c c\u00f4ng c\u1ee5 chi\u1ebfn l\u01b0\u1ee3c m\u1ea1nh m\u1ebd cho nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil t\u00ecm ki\u1ebfm k\u1ebft qu\u1ea3 v\u01b0\u1ee3t tr\u1ed9i trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng \u0111\u1eb7c tr\u01b0ng b\u1edfi bi\u1ebfn \u0111\u1ed9ng cao v\u00e0 l\u00e3i su\u1ea5t cao. V\u1edbi s\u1ef1 hi\u1ec3u bi\u1ebft \u0111\u1ea7y \u0111\u1ee7 v\u1ec1 <b>c\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng<\/b> v\u00e0 s\u1ef1 n\u1eafm v\u1eefng c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u1ee7a ch\u00fang ta, c\u00f3 th\u1ec3 x\u00e2y d\u1ef1ng c\u00e1c b\u1ea3o v\u1ec7 hi\u1ec7u qu\u1ea3, t\u1ea1o ra thu nh\u1eadp \u1ed5n \u0111\u1ecbnh, v\u00e0 t\u1eadn d\u1ee5ng c\u00e1c c\u01a1 h\u1ed9i m\u00e0 s\u1ebd kh\u00f4ng th\u1ec3 ti\u1ebfp c\u1eadn ch\u1ec9 b\u1eb1ng c\u00e1ch s\u1eed d\u1ee5ng c\u1ed5 phi\u1ebfu ho\u1eb7c tr\u00e1i phi\u1ebfu th\u00f4ng th\u01b0\u1eddng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u1eef li\u1ec7u \u0111\u01b0\u1ee3c tr\u00ecnh b\u00e0y trong b\u00e0i vi\u1ebft n\u00e0y r\u00f5 r\u00e0ng cho th\u1ea5y r\u1eb1ng th\u00e0nh c\u00f4ng trong th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil c\u00f3 m\u1ed1i t\u01b0\u01a1ng quan tr\u1ef1c ti\u1ebfp v\u1edbi m\u1ee9c \u0111\u1ed9 ki\u1ebfn th\u1ee9c c\u1ee5 th\u1ec3 (t\u01b0\u01a1ng quan 0.76), k\u1ef7 lu\u1eadt trong vi\u1ec7c th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 \u0111\u1ecbnh tr\u01b0\u1edbc (t\u01b0\u01a1ng quan 0.82), v\u00e0 qu\u1ea3n l\u00fd r\u1ee7i ro nghi\u00eam ng\u1eb7t (t\u01b0\u01a1ng quan 0.91). Kh\u00f4ng c\u00f3 l\u1ed1i t\u1eaft cho ba tr\u1ee5 c\u1ed9t c\u01a1 b\u1ea3n n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng Brazil, v\u1edbi \u0111\u1ed9ng l\u1ef1c \u0111\u1eb7c th\u00f9 c\u1ee7a n\u00f3 b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi c\u00e1c y\u1ebfu t\u1ed1 trong n\u01b0\u1edbc v\u00e0 qu\u1ed1c t\u1ebf, cung c\u1ea5p nh\u1eefng b\u1ea5t c\u1eadp m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 chu\u1ea9n b\u1ecb t\u1ed1t c\u00f3 th\u1ec3 khai th\u00e1c. S\u1ef1 bi\u1ebfn \u0111\u1ed9ng \u0111i\u1ec3n h\u00ecnh c\u1ee7a m\u1ed9t n\u1ec1n kinh t\u1ebf m\u1edbi n\u1ed5i, \u0111i\u1ec1u m\u00e0 nhi\u1ec1u ng\u01b0\u1eddi coi l\u00e0 r\u1ee7i ro, bi\u1ebfn th\u00e0nh c\u01a1 h\u1ed9i cho c\u00e1c nh\u00e0 \u0111i\u1ec1u h\u00e0nh quy\u1ec1n ch\u1ecdn n\u1eafm v\u1eefng c\u00e1c kh\u00e1i ni\u1ec7m v\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u01b0\u1ee3c tr\u00ecnh b\u00e0y trong b\u00e0i vi\u1ebft n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b> n\u1ed5i b\u1eadt nh\u01b0 m\u1ed9t n\u1ec1n t\u1ea3ng ho\u00e0n ch\u1ec9nh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil quan t\u00e2m \u0111\u1ebfn quy\u1ec1n ch\u1ecdn, cung c\u1ea5p kh\u00f4ng ch\u1ec9 quy\u1ec1n truy c\u1eadp ho\u1ea1t \u0111\u1ed9ng v\u00e0o th\u1ecb tr\u01b0\u1eddng, m\u00e0 ch\u1ee7 y\u1ebfu l\u00e0 c\u00e1c c\u00f4ng c\u1ee5 gi\u00e1o d\u1ee5c, tr\u00ecnh m\u00f4 ph\u1ecfng, v\u00e0 c\u00e1c ngu\u1ed3n l\u1ef1c ph\u00e2n t\u00edch \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh c\u1ee5 th\u1ec3 cho c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u1ee7a th\u1ecb tr\u01b0\u1eddng qu\u1ed1c gia. V\u1edbi s\u1ef1 h\u1ed7 tr\u1ee3 b\u1eb1ng ti\u1ebfng B\u1ed3 \u0110\u00e0o Nha v\u00e0 ki\u1ebfn th\u1ee9c v\u1ec1 c\u00e1c \u0111\u1eb7c th\u00f9 t\u00e0i ch\u00ednh v\u00e0 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a Brazil, n\u1ec1n t\u1ea3ng n\u00e0y lo\u1ea1i b\u1ecf c\u00e1c r\u00e0o c\u1ea3n th\u01b0\u1eddng c\u1ea3n tr\u1edf h\u00e0nh tr\u00ecnh c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trong ph\u00e2n kh\u00fac n\u00e0y.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>B\u1ea5t k\u1ec3 m\u1ee9c \u0111\u1ed9 kinh nghi\u1ec7m hi\u1ec7n t\u1ea1i c\u1ee7a b\u1ea1n, ch\u00fang t\u00f4i khuy\u1ebfn ngh\u1ecb b\u1eaft \u0111\u1ea7u ho\u1eb7c \u0111\u00e0o s\u00e2u ki\u1ebfn th\u1ee9c c\u1ee7a b\u1ea1n v\u1ec1 <b>c\u00e1ch quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu ho\u1ea1t \u0111\u1ed9ng<\/b> t\u1ea1i Brazil v\u1edbi m\u1ed9t c\u00e1ch ti\u1ebfp c\u1eadn c\u00f3 h\u1ec7 th\u1ed1ng: h\u1ecdc t\u1eadp nh\u1ea5t qu\u00e1n, m\u00f4 ph\u1ecfng r\u1ed9ng r\u00e3i tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n c\u00e1c ho\u1ea1t \u0111\u1ed9ng th\u1ef1c t\u1ebf, v\u00e0 ph\u00e2n b\u1ed5 v\u1ed1n ti\u1ebfn b\u1ed9 khi \u0111\u1ea1t \u0111\u01b0\u1ee3c k\u1ebft qu\u1ea3 t\u00edch c\u1ef1c. Th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil, v\u1eabn \u0111ang ph\u00e1t tri\u1ec3n so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf, cung c\u1ea5p c\u00e1c c\u1eeda s\u1ed5 c\u01a1 h\u1ed9i c\u00f3 xu h\u01b0\u1edbng \u0111\u00f3ng l\u1ea1i khi nhi\u1ec1u ng\u01b0\u1eddi tham gia \u0111\u1ea1t \u0111\u01b0\u1ee3c s\u1ef1 tinh vi &#8212; th\u1eddi \u0111i\u1ec3m \u0111\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c ki\u1ebfn th\u1ee9c kh\u00e1c bi\u1ec7t n\u00e0y l\u00e0 ngay b\u00e2y gi\u1edd.<\/p>\n<\/div>\n"},"faq":[{"question":"S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa quy\u1ec1n ch\u1ecdn ki\u1ec3u M\u1ef9 v\u00e0 quy\u1ec1n ch\u1ecdn ki\u1ec3u Ch\u00e2u \u00c2u tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil l\u00e0 g\u00ec?","answer":"Tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil, c\u00e1c quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c2u chi\u1ebfm \u01b0u th\u1ebf, ch\u1ec9 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n v\u00e0o ng\u00e0y \u0111\u00e1o h\u1ea1n, trong khi c\u00e1c quy\u1ec1n ch\u1ecdn M\u1ef9 cho ph\u00e9p th\u1ef1c hi\u1ec7n b\u1ea5t k\u1ef3 l\u00fac n\u00e0o cho \u0111\u1ebfn khi \u0111\u00e1o h\u1ea1n. B3 ch\u1ee7 y\u1ebfu cung c\u1ea5p c\u00e1c quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c2u cho c\u1ed5 phi\u1ebfu v\u00e0 ch\u1ec9 s\u1ed1, \u0111i\u1ec1u n\u00e0y kh\u00e1c bi\u1ec7t so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng nh\u01b0 th\u1ecb tr\u01b0\u1eddng M\u1ef9, n\u01a1i c\u00e1c quy\u1ec1n ch\u1ecdn M\u1ef9 ph\u1ed5 bi\u1ebfn h\u01a1n. \u0110\u1eb7c \u0111i\u1ec3m n\u00e0y \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng cho th\u1ecb tr\u01b0\u1eddng c\u1ee7a ch\u00fang ta."},{"question":"S\u1ed1 v\u1ed1n t\u1ed1i thi\u1ec3u \u0111\u01b0\u1ee3c khuy\u1ebfn ngh\u1ecb \u0111\u1ec3 b\u1eaft \u0111\u1ea7u giao d\u1ecbch quy\u1ec1n ch\u1ecdn \u1edf Brazil l\u00e0 bao nhi\u00eau?","answer":"Kh\u00f4ng c\u00f3 gi\u00e1 tr\u1ecb t\u1ed1i thi\u1ec3u ch\u00ednh th\u1ee9c, nh\u01b0ng n\u00ean b\u1eaft \u0111\u1ea7u v\u1edbi \u00edt nh\u1ea5t t\u1eeb R$5,000 \u0111\u1ebfn R$10,000 \u0111\u1ec3 giao d\u1ecbch quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil. \u0110i\u1ec1u n\u00e0y l\u00e0 do c\u1ea7n thi\u1ebft ph\u1ea3i c\u00f3 \u0111\u1ee7 v\u1ed1n \u0111\u1ec3 \u0111a d\u1ea1ng h\u00f3a c\u00e1c ho\u1ea1t \u0111\u1ed9ng v\u00e0 h\u1ea5p th\u1ee5 b\u1ea5t k\u1ef3 t\u1ed5n th\u1ea5t n\u00e0o m\u00e0 kh\u00f4ng l\u00e0m \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn s\u1ef1 \u1ed5n \u0111\u1ecbnh t\u00e0i ch\u00ednh c\u1ee7a b\u1ea1n. H\u00e3y nh\u1edb r\u1eb1ng quy\u1ec1n ch\u1ecdn y\u00eau c\u1ea7u v\u1ed1n cho c\u00e1c \u0111i\u1ec1u ch\u1ec9nh h\u00e0ng ng\u00e0y v\u00e0 vi\u1ec7c ho\u1ea1t \u0111\u1ed9ng v\u1edbi s\u1ed1 ti\u1ec1n r\u1ea5t nh\u1ecf c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn c\u00e1c quy\u1ebft \u0111\u1ecbnh c\u1ea3m x\u00fac kh\u00f4ng ph\u00f9 h\u1ee3p."},{"question":"L\u1ee3i nhu\u1eadn t\u1eeb quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c \u0111\u00e1nh thu\u1ebf nh\u01b0 th\u1ebf n\u00e0o \u1edf Brazil?","answer":"L\u1ee3i nhu\u1eadn t\u1eeb quy\u1ec1n ch\u1ecdn \u1edf Brazil b\u1ecb \u0111\u00e1nh thu\u1ebf v\u1edbi m\u1ee9c 15% tr\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng h\u00e0ng th\u00e1ng, v\u1edbi vi\u1ec7c \u0111\u00e1nh gi\u00e1 v\u00e0 thanh to\u00e1n ph\u1ea3i \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n tr\u01b0\u1edbc ng\u00e0y l\u00e0m vi\u1ec7c cu\u1ed1i c\u00f9ng c\u1ee7a th\u00e1ng ti\u1ebfp theo th\u00f4ng qua DARF. \u0110\u1ed1i v\u1edbi c\u00e1c ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch trong ng\u00e0y, m\u1ee9c thu\u1ebf l\u00e0 20%. C\u00e1c kho\u1ea3n l\u1ed7 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c b\u00f9 tr\u1eeb v\u00e0o c\u00e1c kho\u1ea3n l\u1ee3i nhu\u1eadn trong t\u01b0\u01a1ng lai c\u00f3 c\u00f9ng t\u00ednh ch\u1ea5t. Vi\u1ec7c duy tr\u00ec ki\u1ec3m so\u00e1t chi ti\u1ebft t\u1ea5t c\u1ea3 c\u00e1c ho\u1ea1t \u0111\u1ed9ng l\u00e0 quan tr\u1ecdng \u0111\u1ec3 khai b\u00e1o ch\u00ednh x\u00e1c trong thu\u1ebf thu nh\u1eadp h\u00e0ng n\u0103m."},{"question":"C\u00f3 th\u1ec3 s\u1eed d\u1ee5ng c\u00e1c quy\u1ec1n ch\u1ecdn \u0111\u1ec3 t\u1ea1o thu nh\u1eadp h\u00e0ng th\u00e1ng tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil kh\u00f4ng?","answer":"C\u00f3, c\u00f3 th\u1ec3 t\u1ea1o thu nh\u1eadp h\u00e0ng th\u00e1ng v\u1edbi c\u00e1c quy\u1ec1n ch\u1ecdn \u1edf Brazil th\u00f4ng qua c\u00e1c chi\u1ebfn l\u01b0\u1ee3c nh\u01b0 b\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m v\u00e0 b\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n, t\u1eadn d\u1ee5ng chu k\u1ef3 h\u1ebft h\u1ea1n h\u00e0ng th\u00e1ng c\u1ee7a B3. C\u00e1ch ti\u1ebfp c\u1eadn n\u00e0y b\u1ea3o th\u1ee7 v\u00e0 d\u1ec5 d\u1ef1 \u0111o\u00e1n h\u01a1n so v\u1edbi c\u00e1c suy \u0111o\u00e1n theo h\u01b0\u1edbng, nh\u01b0ng v\u1eabn \u0111\u00f2i h\u1ecfi ki\u1ebfn th\u1ee9c k\u1ef9 thu\u1eadt v\u00e0 k\u1ef7 lu\u1eadt. Nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn h\u00e0ng th\u00e1ng t\u1eeb 1% \u0111\u1ebfn 2% v\u1ed1n v\u1edbi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e0y, b\u1ed5 sung cho c\u00e1c ngu\u1ed3n thu nh\u1eadp kh\u00e1c."},{"question":"Nh\u1eefng sai l\u1ea7m ch\u00ednh m\u00e0 ng\u01b0\u1eddi m\u1edbi b\u1eaft \u0111\u1ea7u m\u1eafc ph\u1ea3i tr\u00ean th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil l\u00e0 g\u00ec?","answer":"Nh\u1eefng sai l\u1ea7m ch\u00ednh bao g\u1ed3m: \u0111\u00e1nh gi\u00e1 th\u1ea5p s\u1ef1 ph\u1ee9c t\u1ea1p c\u1ee7a th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn v\u00e0 ho\u1ea1t \u0111\u1ed9ng m\u00e0 kh\u00f4ng c\u00f3 \u0111\u1ee7 nghi\u00ean c\u1ee9u; ph\u00e2n b\u1ed5 v\u1ed1n qu\u00e1 m\u1ee9c cho c\u00e1c ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea7u c\u01a1; kh\u00f4ng hi\u1ec3u \u0111\u1ea7y \u0111\u1ee7 v\u1ec1 h\u00e0nh vi c\u1ee7a bi\u1ebfn \u0111\u1ed9ng ng\u1ee5 \u00fd; b\u1ecf qua t\u00ednh thanh kho\u1ea3n h\u1ea1n ch\u1ebf c\u1ee7a nhi\u1ec1u lo\u1ea1t quy\u1ec1n ch\u1ecdn Brazil; v\u00e0 ch\u1ec9 t\u00ecm ki\u1ebfm c\u00e1c ho\u1ea1t \u0111\u1ed9ng c\u00f3 ti\u1ec1m n\u0103ng l\u1ee3i nhu\u1eadn cao m\u00e0 kh\u00f4ng xem x\u00e9t \u0111\u1ea7y \u0111\u1ee7 c\u00e1c r\u1ee7i ro. Nghi\u00ean c\u1ee9u li\u00ean t\u1ee5c v\u00e0 kinh nghi\u1ec7m d\u1ea7n d\u1ea7n l\u00e0 c\u1ea7n thi\u1ebft \u0111\u1ec3 tr\u00e1nh nh\u1eefng sai l\u1ea7m ph\u1ed5 bi\u1ebfn n\u00e0y."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa quy\u1ec1n ch\u1ecdn ki\u1ec3u M\u1ef9 v\u00e0 quy\u1ec1n ch\u1ecdn ki\u1ec3u Ch\u00e2u \u00c2u tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil l\u00e0 g\u00ec?","answer":"Tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil, c\u00e1c quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c2u chi\u1ebfm \u01b0u th\u1ebf, ch\u1ec9 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n v\u00e0o ng\u00e0y \u0111\u00e1o h\u1ea1n, trong khi c\u00e1c quy\u1ec1n ch\u1ecdn M\u1ef9 cho ph\u00e9p th\u1ef1c hi\u1ec7n b\u1ea5t k\u1ef3 l\u00fac n\u00e0o cho \u0111\u1ebfn khi \u0111\u00e1o h\u1ea1n. B3 ch\u1ee7 y\u1ebfu cung c\u1ea5p c\u00e1c quy\u1ec1n ch\u1ecdn ch\u00e2u \u00c2u cho c\u1ed5 phi\u1ebfu v\u00e0 ch\u1ec9 s\u1ed1, \u0111i\u1ec1u n\u00e0y kh\u00e1c bi\u1ec7t so v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng nh\u01b0 th\u1ecb tr\u01b0\u1eddng M\u1ef9, n\u01a1i c\u00e1c quy\u1ec1n ch\u1ecdn M\u1ef9 ph\u1ed5 bi\u1ebfn h\u01a1n. \u0110\u1eb7c \u0111i\u1ec3m n\u00e0y \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u00f3 th\u1ec3 \u00e1p d\u1ee5ng cho th\u1ecb tr\u01b0\u1eddng c\u1ee7a ch\u00fang ta."},{"question":"S\u1ed1 v\u1ed1n t\u1ed1i thi\u1ec3u \u0111\u01b0\u1ee3c khuy\u1ebfn ngh\u1ecb \u0111\u1ec3 b\u1eaft \u0111\u1ea7u giao d\u1ecbch quy\u1ec1n ch\u1ecdn \u1edf Brazil l\u00e0 bao nhi\u00eau?","answer":"Kh\u00f4ng c\u00f3 gi\u00e1 tr\u1ecb t\u1ed1i thi\u1ec3u ch\u00ednh th\u1ee9c, nh\u01b0ng n\u00ean b\u1eaft \u0111\u1ea7u v\u1edbi \u00edt nh\u1ea5t t\u1eeb R$5,000 \u0111\u1ebfn R$10,000 \u0111\u1ec3 giao d\u1ecbch quy\u1ec1n ch\u1ecdn t\u1ea1i Brazil. \u0110i\u1ec1u n\u00e0y l\u00e0 do c\u1ea7n thi\u1ebft ph\u1ea3i c\u00f3 \u0111\u1ee7 v\u1ed1n \u0111\u1ec3 \u0111a d\u1ea1ng h\u00f3a c\u00e1c ho\u1ea1t \u0111\u1ed9ng v\u00e0 h\u1ea5p th\u1ee5 b\u1ea5t k\u1ef3 t\u1ed5n th\u1ea5t n\u00e0o m\u00e0 kh\u00f4ng l\u00e0m \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn s\u1ef1 \u1ed5n \u0111\u1ecbnh t\u00e0i ch\u00ednh c\u1ee7a b\u1ea1n. H\u00e3y nh\u1edb r\u1eb1ng quy\u1ec1n ch\u1ecdn y\u00eau c\u1ea7u v\u1ed1n cho c\u00e1c \u0111i\u1ec1u ch\u1ec9nh h\u00e0ng ng\u00e0y v\u00e0 vi\u1ec7c ho\u1ea1t \u0111\u1ed9ng v\u1edbi s\u1ed1 ti\u1ec1n r\u1ea5t nh\u1ecf c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn c\u00e1c quy\u1ebft \u0111\u1ecbnh c\u1ea3m x\u00fac kh\u00f4ng ph\u00f9 h\u1ee3p."},{"question":"L\u1ee3i nhu\u1eadn t\u1eeb quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c \u0111\u00e1nh thu\u1ebf nh\u01b0 th\u1ebf n\u00e0o \u1edf Brazil?","answer":"L\u1ee3i nhu\u1eadn t\u1eeb quy\u1ec1n ch\u1ecdn \u1edf Brazil b\u1ecb \u0111\u00e1nh thu\u1ebf v\u1edbi m\u1ee9c 15% tr\u00ean l\u1ee3i nhu\u1eadn r\u00f2ng h\u00e0ng th\u00e1ng, v\u1edbi vi\u1ec7c \u0111\u00e1nh gi\u00e1 v\u00e0 thanh to\u00e1n ph\u1ea3i \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n tr\u01b0\u1edbc ng\u00e0y l\u00e0m vi\u1ec7c cu\u1ed1i c\u00f9ng c\u1ee7a th\u00e1ng ti\u1ebfp theo th\u00f4ng qua DARF. \u0110\u1ed1i v\u1edbi c\u00e1c ho\u1ea1t \u0111\u1ed9ng giao d\u1ecbch trong ng\u00e0y, m\u1ee9c thu\u1ebf l\u00e0 20%. C\u00e1c kho\u1ea3n l\u1ed7 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c b\u00f9 tr\u1eeb v\u00e0o c\u00e1c kho\u1ea3n l\u1ee3i nhu\u1eadn trong t\u01b0\u01a1ng lai c\u00f3 c\u00f9ng t\u00ednh ch\u1ea5t. Vi\u1ec7c duy tr\u00ec ki\u1ec3m so\u00e1t chi ti\u1ebft t\u1ea5t c\u1ea3 c\u00e1c ho\u1ea1t \u0111\u1ed9ng l\u00e0 quan tr\u1ecdng \u0111\u1ec3 khai b\u00e1o ch\u00ednh x\u00e1c trong thu\u1ebf thu nh\u1eadp h\u00e0ng n\u0103m."},{"question":"C\u00f3 th\u1ec3 s\u1eed d\u1ee5ng c\u00e1c quy\u1ec1n ch\u1ecdn \u0111\u1ec3 t\u1ea1o thu nh\u1eadp h\u00e0ng th\u00e1ng tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil kh\u00f4ng?","answer":"C\u00f3, c\u00f3 th\u1ec3 t\u1ea1o thu nh\u1eadp h\u00e0ng th\u00e1ng v\u1edbi c\u00e1c quy\u1ec1n ch\u1ecdn \u1edf Brazil th\u00f4ng qua c\u00e1c chi\u1ebfn l\u01b0\u1ee3c nh\u01b0 b\u00e1n quy\u1ec1n ch\u1ecdn mua c\u00f3 b\u1ea3o hi\u1ec3m v\u00e0 b\u00e1n quy\u1ec1n ch\u1ecdn b\u00e1n, t\u1eadn d\u1ee5ng chu k\u1ef3 h\u1ebft h\u1ea1n h\u00e0ng th\u00e1ng c\u1ee7a B3. C\u00e1ch ti\u1ebfp c\u1eadn n\u00e0y b\u1ea3o th\u1ee7 v\u00e0 d\u1ec5 d\u1ef1 \u0111o\u00e1n h\u01a1n so v\u1edbi c\u00e1c suy \u0111o\u00e1n theo h\u01b0\u1edbng, nh\u01b0ng v\u1eabn \u0111\u00f2i h\u1ecfi ki\u1ebfn th\u1ee9c k\u1ef9 thu\u1eadt v\u00e0 k\u1ef7 lu\u1eadt. Nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn h\u00e0ng th\u00e1ng t\u1eeb 1% \u0111\u1ebfn 2% v\u1ed1n v\u1edbi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e0y, b\u1ed5 sung cho c\u00e1c ngu\u1ed3n thu nh\u1eadp kh\u00e1c."},{"question":"Nh\u1eefng sai l\u1ea7m ch\u00ednh m\u00e0 ng\u01b0\u1eddi m\u1edbi b\u1eaft \u0111\u1ea7u m\u1eafc ph\u1ea3i tr\u00ean th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn Brazil l\u00e0 g\u00ec?","answer":"Nh\u1eefng sai l\u1ea7m ch\u00ednh bao g\u1ed3m: \u0111\u00e1nh gi\u00e1 th\u1ea5p s\u1ef1 ph\u1ee9c t\u1ea1p c\u1ee7a th\u1ecb tr\u01b0\u1eddng quy\u1ec1n ch\u1ecdn v\u00e0 ho\u1ea1t \u0111\u1ed9ng m\u00e0 kh\u00f4ng c\u00f3 \u0111\u1ee7 nghi\u00ean c\u1ee9u; ph\u00e2n b\u1ed5 v\u1ed1n qu\u00e1 m\u1ee9c cho c\u00e1c ho\u1ea1t \u0111\u1ed9ng \u0111\u1ea7u c\u01a1; kh\u00f4ng hi\u1ec3u \u0111\u1ea7y \u0111\u1ee7 v\u1ec1 h\u00e0nh vi c\u1ee7a bi\u1ebfn \u0111\u1ed9ng ng\u1ee5 \u00fd; b\u1ecf qua t\u00ednh thanh kho\u1ea3n h\u1ea1n ch\u1ebf c\u1ee7a nhi\u1ec1u lo\u1ea1t quy\u1ec1n ch\u1ecdn Brazil; v\u00e0 ch\u1ec9 t\u00ecm ki\u1ebfm c\u00e1c ho\u1ea1t \u0111\u1ed9ng c\u00f3 ti\u1ec1m n\u0103ng l\u1ee3i nhu\u1eadn cao m\u00e0 kh\u00f4ng xem x\u00e9t \u0111\u1ea7y \u0111\u1ee7 c\u00e1c r\u1ee7i ro. Nghi\u00ean c\u1ee9u li\u00ean t\u1ee5c v\u00e0 kinh nghi\u1ec7m d\u1ea7n d\u1ea7n l\u00e0 c\u1ea7n thi\u1ebft \u0111\u1ec3 tr\u00e1nh nh\u1eefng sai l\u1ea7m ph\u1ed5 bi\u1ebfn n\u00e0y."}]}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>T\u00f9y ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec: B\u00e0i vi\u1ebft \u0111\u1ea7u t\u01b0 th\u00f4ng minh ho\u00e0n ch\u1ec9nh<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/learning\/what-are-stock-options\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T\u00f9y ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec: B\u00e0i vi\u1ebft \u0111\u1ea7u t\u01b0 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