{"id":41798,"date":"2026-09-18T09:06:02","date_gmt":"2026-09-18T02:06:02","guid":{"rendered":"https:\/\/edutrade.vn\/?p=41798"},"modified":"2026-09-18T09:06:02","modified_gmt":"2026-09-18T02:06:02","slug":"giao-ngay-va-tuong-lai-khac-nhau","status":"publish","type":"post","link":"https:\/\/edutrade.vn\/en\/giao-ngay-va-tuong-lai-khac-nhau\/","title":{"rendered":"Giao d\u1ecbch giao ngay v\u00e0 t\u01b0\u01a1ng lai kh\u00e1c nhau nh\u01b0 th\u1ebf n\u00e0o?"},"content":{"rendered":"

Khi m\u1edbi t\u00ecm hi\u1ec3u v\u1ec1 \u0111\u1ea7u t\u01b0, nhi\u1ec1u ng\u01b0\u1eddi cho r\u1eb1ng giao d\u1ecbch giao ngay v\u00e0 giao d\u1ecbch t\u01b0\u01a1ng lai ch\u1ec9 kh\u00e1c nhau \u1edf th\u1eddi \u0111i\u1ec3m mua b\u00e1n. Tr\u00ean th\u1ef1c t\u1ebf, hai h\u00ecnh th\u1ee9c n\u00e0y c\u00f2n kh\u00e1c bi\u1ec7t v\u1ec1 quy\u1ec1n s\u1edf h\u1eefu t\u00e0i s\u1ea3n, c\u00e1ch s\u1eed d\u1ee5ng v\u1ed1n, kh\u1ea3 n\u0103ng giao d\u1ecbch khi gi\u00e1 t\u0103ng ho\u1eb7c gi\u1ea3m v\u00e0 m\u1ee9c \u0111\u1ed9 r\u1ee7i ro. V\u1eady <\/span>giao ngay v\u00e0 t\u01b0\u01a1ng lai kh\u00e1c nhau<\/b> nh\u01b0 th\u1ebf n\u00e0o? H\u00e3y c\u00f9ng t\u00ecm hi\u1ec3u qua nh\u1eefng t\u00ecnh hu\u1ed1ng g\u1ea7n g\u0169i trong mua b\u00e1n v\u00e0 qu\u1ea3n l\u00fd gi\u00e1 h\u00e0ng h\u00f3a.<\/span><\/p>\n

S\u1ef1 kh\u00e1c nhau gi\u1eefa giao d\u1ecbch giao ngay v\u00e0 giao d\u1ecbch t\u01b0\u01a1ng lai<\/b><\/h2>\n

Tr\u01b0\u1edbc khi so s\u00e1nh hai h\u00ecnh th\u1ee9c giao d\u1ecbch, c\u1ea7n hi\u1ec3u m\u1ed7i h\u00ecnh th\u1ee9c v\u1eadn h\u00e0nh nh\u01b0 th\u1ebf n\u00e0o v\u00e0 ng\u01b0\u1eddi tham gia \u0111ang mua b\u00e1n \u0111i\u1ec1u g\u00ec.<\/span><\/p>\n

Giao d\u1ecbch giao ngay l\u00e0 g\u00ec?<\/b><\/h3>\n

Giao d\u1ecbch giao ngay<\/a> l\u00e0 h\u00ecnh th\u1ee9c mua b\u00e1n t\u00e0i s\u1ea3n theo m\u1ee9c gi\u00e1 hi\u1ec7n t\u1ea1i tr\u00ean th\u1ecb tr\u01b0\u1eddng. Vi\u1ec7c thanh to\u00e1n v\u00e0 giao nh\u1eadn t\u00e0i s\u1ea3n c\u00f3 th\u1ec3 di\u1ec5n ra ngay ho\u1eb7c trong m\u1ed9t kho\u1ea3ng th\u1eddi gian ng\u1eafn, t\u00f9y theo quy \u0111\u1ecbnh c\u1ee7a t\u1eebng th\u1ecb tr\u01b0\u1eddng. <\/span>T\u00e0i s\u1ea3n giao d\u1ecbch giao ngay c\u00f3 th\u1ec3 l\u00e0 h\u00e0ng h\u00f3a, c\u1ed5 phi\u1ebfu, ngo\u1ea1i t\u1ec7 ho\u1eb7c c\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n kh\u00e1c. M\u1ee9c gi\u00e1 \u0111\u01b0\u1ee3c h\u00ecnh th\u00e0nh d\u1ef1a tr\u00ean cung c\u1ea7u t\u1ea1i th\u1eddi \u0111i\u1ec3m mua b\u00e1n.<\/span><\/p>\n

V\u00ed d\u1ee5, m\u1ed9t doanh nghi\u1ec7p c\u1ea7n mua c\u00e0 ph\u00ea \u0111\u1ec3 ph\u1ee5c v\u1ee5 ho\u1ea1t \u0111\u1ed9ng s\u1ea3n xu\u1ea5t. Doanh nghi\u1ec7p s\u1ebd th\u1ecfa thu\u1eadn mua c\u00e0 ph\u00ea theo m\u1ee9c gi\u00e1 hi\u1ec7n t\u1ea1i v\u00e0 nh\u1eadn h\u00e0ng theo th\u1eddi gian \u0111\u00e3 th\u1ed1ng nh\u1ea5t v\u1edbi b\u00ean b\u00e1n. Trong t\u00ecnh hu\u1ed1ng n\u00e0y, m\u1ee5c ti\u00eau ch\u00ednh l\u00e0 s\u1edf h\u1eefu ho\u1eb7c s\u1eed d\u1ee5ng h\u00e0ng h\u00f3a.<\/span><\/p>\n

Th\u1ecb tr\u01b0\u1eddng giao ngay c\u00f2n \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 th\u1ecb tr\u01b0\u1eddng ti\u1ec1n m\u1eb7t ho\u1eb7c th\u1ecb tr\u01b0\u1eddng v\u1eadt ch\u1ea5t v\u00ec giao d\u1ecbch g\u1eafn v\u1edbi t\u00e0i s\u1ea3n hi\u1ec7n t\u1ea1i.<\/span><\/p>\n

Giao d\u1ecbch t\u01b0\u01a1ng lai l\u00e0 g\u00ec?<\/b><\/h3>\n

Giao d\u1ecbch t\u01b0\u01a1ng lai l\u00e0 vi\u1ec7c mua b\u00e1n c\u00e1c h\u1ee3p \u0111\u1ed3ng c\u00f3 k\u1ef3 h\u1ea1n, trong \u0111\u00f3 gi\u00e1 tr\u1ecb h\u1ee3p \u0111\u1ed3ng g\u1eafn v\u1edbi m\u1ed9t t\u00e0i s\u1ea3n c\u01a1 s\u1edf nh\u01b0 c\u00e0 ph\u00ea, b\u1ea1c, \u0111\u1ed3ng, ng\u00f4 ho\u1eb7c d\u1ea7u th\u00f4. <\/span>Khi m\u1edf v\u1ecb th\u1ebf, nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng tr\u1ef1c ti\u1ebfp s\u1edf h\u1eefu t\u00e0i s\u1ea3n c\u01a1 s\u1edf ngay l\u1eadp t\u1ee9c. Thay v\u00e0o \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm gi\u1eef m\u1ed9t h\u1ee3p \u0111\u1ed3ng v\u00e0 gi\u00e1 tr\u1ecb v\u1ecb th\u1ebf thay \u0111\u1ed5i theo di\u1ec5n bi\u1ebfn c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/span><\/p>\n

V\u00ed d\u1ee5, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 d\u1ef1 \u0111o\u00e1n gi\u00e1 c\u00e0 ph\u00ea s\u1ebd t\u0103ng. Ng\u01b0\u1eddi n\u00e0y c\u00f3 th\u1ec3 m\u1edf v\u1ecb th\u1ebf mua h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai c\u00e0 ph\u00ea. N\u1ebfu gi\u00e1 t\u0103ng theo d\u1ef1 \u0111o\u00e1n, v\u1ecb th\u1ebf c\u00f3 th\u1ec3 ph\u00e1t sinh l\u1ee3i nhu\u1eadn. N\u1ebfu gi\u00e1 gi\u1ea3m, v\u1ecb th\u1ebf c\u00f3 th\u1ec3 ghi nh\u1eadn thua l\u1ed7.<\/span><\/p>\n

Futures contracts<\/a> \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng cho c\u00e1c m\u1ee5c ti\u00eau nh\u01b0 \u0111\u1ea7u c\u01a1 theo bi\u1ebfn \u0111\u1ed9ng gi\u00e1 ho\u1eb7c ph\u00f2ng ng\u1eeba r\u1ee7i ro gi\u00e1 trong ho\u1ea1t \u0111\u1ed9ng kinh doanh.<\/span><\/p>\n

Giao ngay v\u00e0 t\u01b0\u01a1ng lai kh\u00e1c nhau nh\u01b0 th\u1ebf n\u00e0o?<\/b><\/h2>\n

Khi \u0111\u00e3 n\u1eafm \u0111\u01b0\u1ee3c b\u1ea3n ch\u1ea5t c\u1ee7a t\u1eebng h\u00ecnh th\u1ee9c, nh\u1eefng ti\u00eau ch\u00ed d\u01b0\u1edbi \u0111\u00e2y s\u1ebd gi\u00fap ng\u01b0\u1eddi m\u1edbi d\u1ec5 h\u00ecnh dung h\u01a1n.<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Ti\u00eau ch\u00ed<\/b><\/td>\nGiao d\u1ecbch giao ngay<\/b><\/td>\nGiao d\u1ecbch t\u01b0\u01a1ng lai<\/b><\/td>\n<\/tr>\n
B\u1ea3n ch\u1ea5t<\/span><\/td>\nMua b\u00e1n t\u00e0i s\u1ea3n theo gi\u00e1 hi\u1ec7n t\u1ea1i<\/span><\/td>\nMua b\u00e1n h\u1ee3p \u0111\u1ed3ng c\u00f3 k\u1ef3 h\u1ea1n<\/span><\/td>\n<\/tr>\n
T\u00e0i s\u1ea3n giao d\u1ecbch<\/span><\/td>\nT\u00e0i s\u1ea3n ho\u1eb7c h\u00e0ng h\u00f3a th\u1ef1c t\u1ebf<\/span><\/td>\nH\u1ee3p \u0111\u1ed3ng d\u1ef1a tr\u00ean t\u00e0i s\u1ea3n c\u01a1 s\u1edf<\/span><\/td>\n<\/tr>\n
Th\u1eddi \u0111i\u1ec3m giao d\u1ecbch<\/span><\/td>\nTh\u1ef1c hi\u1ec7n theo gi\u00e1 hi\u1ec7n t\u1ea1i<\/span><\/td>\nM\u1edf v\u1ecb th\u1ebf \u1edf hi\u1ec7n t\u1ea1i, h\u1ee3p \u0111\u1ed3ng c\u00f3 th\u1eddi h\u1ea1n x\u00e1c \u0111\u1ecbnh<\/span><\/td>\n<\/tr>\n
Thanh to\u00e1n v\u00e0 giao nh\u1eadn<\/span><\/td>\nNgay ho\u1eb7c trong th\u1eddi gian ng\u1eafn<\/span><\/td>\nTheo \u0111i\u1ec1u ki\u1ec7n c\u1ee7a t\u1eebng h\u1ee3p \u0111\u1ed3ng<\/span><\/td>\n<\/tr>\n
Quy\u1ec1n s\u1edf h\u1eefu<\/span><\/td>\nNg\u01b0\u1eddi mua h\u01b0\u1edbng \u0111\u1ebfn vi\u1ec7c s\u1edf h\u1eefu ho\u1eb7c s\u1eed d\u1ee5ng t\u00e0i s\u1ea3n<\/span><\/td>\nNg\u01b0\u1eddi tham gia n\u1eafm gi\u1eef h\u1ee3p \u0111\u1ed3ng<\/span><\/td>\n<\/tr>\n
M\u1ee5c \u0111\u00edch<\/span><\/td>\nMua b\u00e1n, s\u1eed d\u1ee5ng ho\u1eb7c s\u1edf h\u1eefu t\u00e0i s\u1ea3n<\/span><\/td>\n\u0110\u1ea7u c\u01a1 gi\u00e1 ho\u1eb7c ph\u00f2ng ng\u1eeba r\u1ee7i ro<\/span><\/td>\n<\/tr>\n
V\u1ed1n ban \u0111\u1ea7u<\/span><\/td>\nTh\u01b0\u1eddng c\u1ea7n chu\u1ea9n b\u1ecb ph\u1ea7n l\u1edbn gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n<\/span><\/td>\nS\u1eed d\u1ee5ng c\u01a1 ch\u1ebf k\u00fd qu\u1ef9<\/span><\/td>\n<\/tr>\n
\u0110\u00f2n b\u1ea9y<\/span><\/td>\nTh\u01b0\u1eddng kh\u00f4ng c\u00f3 ho\u1eb7c \u1edf m\u1ee9c h\u1ea1n ch\u1ebf<\/span><\/td>\nC\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng t\u00f9y s\u1ea3n ph\u1ea9m v\u00e0 quy \u0111\u1ecbnh<\/span><\/td>\n<\/tr>\n
H\u01b0\u1edbng giao d\u1ecbch<\/span><\/td>\nTh\u01b0\u1eddng mua r\u1ed3i ch\u1edd t\u00e0i s\u1ea3n t\u0103ng gi\u00e1<\/span><\/td>\nC\u00f3 th\u1ec3 m\u1edf v\u1ecb th\u1ebf mua ho\u1eb7c b\u00e1n<\/span><\/td>\n<\/tr>\n
Ng\u00e0y \u0111\u00e1o h\u1ea1n<\/span><\/td>\nKh\u00f4ng b\u1eaft bu\u1ed9c c\u00f3 ng\u00e0y \u0111\u00e1o h\u1ea1n<\/span><\/td>\nC\u00f3 k\u1ef3 h\u1ea1n v\u00e0 ng\u00e0y \u0111\u00e1o h\u1ea1n c\u1ee5 th\u1ec3<\/span><\/td>\n<\/tr>\n
R\u1ee7i ro ch\u00ednh<\/span><\/td>\nGi\u00e1 gi\u1ea3m, thanh kho\u1ea3n v\u00e0 ch\u00eanh l\u1ec7ch gi\u00e1 mua b\u00e1n<\/span><\/td>\nBi\u1ebfn \u0111\u1ed9ng gi\u00e1, k\u00fd qu\u1ef9, \u0111\u00f2n b\u1ea9y v\u00e0 ng\u00e0y \u0111\u00e1o h\u1ea1n<\/span><\/td>\n<\/tr>\n
\u0110\u1ed1i t\u01b0\u1ee3ng ph\u00f9 h\u1ee3p<\/span><\/td>\nNg\u01b0\u1eddi c\u00f3 nhu c\u1ea7u s\u1edf h\u1eefu ho\u1eb7c s\u1eed d\u1ee5ng t\u00e0i s\u1ea3n<\/span><\/td>\nNh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 doanh nghi\u1ec7p c\u00f3 nhu c\u1ea7u qu\u1ea3n l\u00fd r\u1ee7i ro gi\u00e1<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

T\u00f3m l\u1ea1i, giao ngay t\u1eadp trung v\u00e0o <\/span>vi\u1ec7c mua b\u00e1n t\u00e0i s\u1ea3n hi\u1ec7n t\u1ea1i, c\u00f2n t\u01b0\u01a1ng lai t\u1eadp trung v\u00e0o vi\u1ec7c giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng d\u1ef1a tr\u00ean bi\u1ebfn \u0111\u1ed9ng gi\u00e1 trong m\u1ed9t kho\u1ea3ng th\u1eddi gian x\u00e1c \u0111\u1ecbnh.<\/p>\n

V\u1edbi h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u0111\u00f3ng v\u1ecb th\u1ebf tr\u01b0\u1edbc ng\u00e0y \u0111\u00e1o h\u1ea1n theo quy \u0111\u1ecbnh c\u1ee7a t\u1eebng s\u1ea3n ph\u1ea9m. Do \u0111\u00f3, vi\u1ec7c giao d\u1ecbch h\u1ee3p \u0111\u1ed3ng kh\u00f4ng \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c ph\u1ea3i ch\u1edd \u0111\u1ebfn ng\u00e0y \u0111\u00e1o h\u1ea1n m\u1edbi c\u00f3 th\u1ec3 k\u1ebft th\u00fac v\u1ecb th\u1ebf.<\/span><\/p>\n

Tr\u01b0\u1edbc khi giao d\u1ecbch D\u1ea7u th\u00f4 WTI, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean x\u00e1c \u0111\u1ecbnh m\u1ee9c v\u1ed1n ph\u00f9 h\u1ee3p, xem ngay b\u00e0i vi\u1ebft \u0111\u1ea7u t\u01b0 h\u00e0ng h\u00f3a ph\u00e1i sinh c\u1ea7n bao nhi\u00eau ti\u1ec1n<\/a> \u0111\u1ec3 chu\u1ea9n b\u1ecb k\u1ebf ho\u1ea1ch \u0111\u1ea7u t\u01b0 r\u00f5 r\u00e0ng h\u01a1n.<\/em><\/p><\/blockquote>\n

M\u1ed1i quan h\u1ec7 gi\u1eefa giao ngay v\u00e0 t\u01b0\u01a1ng lai<\/b><\/h2>\n

D\u00f9 c\u00e1ch th\u1ee9c giao d\u1ecbch kh\u00e1c nhau, hai th\u1ecb tr\u01b0\u1eddng v\u1eabn c\u00f3 m\u1ed1i li\u00ean h\u1ec7 th\u00f4ng qua c\u00f9ng m\u1ed9t t\u00e0i s\u1ea3n c\u01a1 s\u1edf.<\/span><\/p>\n

\"M\u1ed1i
M\u1ed1i quan h\u1ec7 gi\u1eefa giao ngay v\u00e0 t\u01b0\u01a1ng lai<\/figcaption><\/figure>\n

V\u00ec sao gi\u00e1 giao ngay v\u00e0 gi\u00e1 t\u01b0\u01a1ng lai th\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng c\u00f9ng chi\u1ec1u?<\/b><\/h3>\n

Gi\u00e1 t\u01b0\u01a1ng lai th\u01b0\u1eddng ch\u1ecbu \u1ea3nh h\u01b0\u1edfng t\u1eeb gi\u00e1 hi\u1ec7n t\u1ea1i c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf. Ngo\u00e0i ra, gi\u00e1 c\u00f2n ph\u1ea3n \u00e1nh chi ph\u00ed l\u01b0u tr\u1eef, chi ph\u00ed t\u00e0i ch\u00ednh, th\u1eddi gian c\u00f2n l\u1ea1i \u0111\u1ebfn ng\u00e0y \u0111\u00e1o h\u1ea1n, cung c\u1ea7u v\u00e0 k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/span><\/p>\n

V\u00ed d\u1ee5, n\u1ebfu ngu\u1ed3n cung c\u00e0 ph\u00ea suy gi\u1ea3m khi\u1ebfn gi\u00e1 giao ngay t\u0103ng, th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n gi\u00e1 c\u00e0 ph\u00ea trong nh\u1eefng th\u00e1ng t\u1edbi c\u0169ng ch\u1ecbu \u00e1p l\u1ef1c t\u0103ng. Khi \u0111\u00f3, gi\u00e1 c\u00e1c h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai c\u00e0 ph\u00ea c\u00f3 th\u1ec3 \u0111i\u1ec1u ch\u1ec9nh theo k\u1ef3 v\u1ecdng n\u00e0y.<\/span><\/p>\n

M\u00f4 h\u00ecnh chi ph\u00ed l\u01b0u gi\u1eef cho th\u1ea5y gi\u00e1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai c\u00f3 m\u1ed1i quan h\u1ec7 d\u00e0i h\u1ea1n v\u1edbi gi\u00e1 hi\u1ec7n t\u1ea1i c\u1ee7a t\u00e0i s\u1ea3n c\u01a1 s\u1edf. Tuy nhi\u00ean, m\u1ee9c \u0111\u1ed9 ph\u1ea3n \u1ee9ng c\u1ee7a m\u1ed7i th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 kh\u00e1c nhau t\u00f9y v\u00e0o thanh kho\u1ea3n, chi ph\u00ed giao d\u1ecbch v\u00e0 th\u00f4ng tin m\u1edbi xu\u1ea5t hi\u1ec7n.\u00a0 <\/span>Trong m\u1ed9t s\u1ed1 th\u1eddi \u0111i\u1ec3m, th\u1ecb tr\u01b0\u1eddng t\u01b0\u01a1ng lai c\u00f3 th\u1ec3 ph\u1ea3n \u1ee9ng tr\u01b0\u1edbc khi nh\u00e0 \u0111\u1ea7u t\u01b0 nhanh ch\u00f3ng giao d\u1ecbch theo th\u00f4ng tin m\u1edbi. \u1ede th\u1eddi \u0111i\u1ec3m kh\u00e1c, gi\u00e1 giao ngay c\u00f3 th\u1ec3 thay \u0111\u1ed5i tr\u01b0\u1edbc r\u1ed3i t\u1ea1o \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai.<\/span><\/p>\n

Gi\u00e1 giao ngay v\u00e0 gi\u00e1 t\u01b0\u01a1ng lai c\u00f3 b\u1eb1ng nhau kh\u00f4ng?<\/b><\/h3>\n

Gi\u00e1 giao ngay v\u00e0 gi\u00e1 t\u01b0\u01a1ng lai c\u00f3 th\u1ec3 ch\u00eanh l\u1ec7ch trong ng\u1eafn h\u1ea1n. M\u1ed9t s\u1ed1 nguy\u00ean nh\u00e2n th\u01b0\u1eddng g\u1eb7p g\u1ed3m:<\/span><\/p>\n