{"id":166099,"date":"2018-11-13T07:00:00","date_gmt":"2018-11-13T07:00:00","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=166099"},"modified":"2018-11-13T07:00:00","modified_gmt":"2018-11-13T07:00:00","slug":"cum-functioneaza-bursa-de-valori","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=166099","title":{"rendered":"Cum func\u0163ioneaz\u0103 bursa de valori?"},"content":{"rendered":"<div>\nCe este bursa de valori?<\/div>\n<div>\n&nbsp;<\/div>\n<div>\n\u00cenainte de a vedea \u00een detaliu cum func\u0163ioneaz\u0103 practic bursa de valori, s\u0103 \u00een\u0163elegem exact ce \u00eenseamn\u0103 acest termen.<\/div>\n<div>\n<p>\nPur \u015fi simplu, <a href=\"https:\/\/admiralmarkets.ro\/education\/articles\/cfd-stocks-indices-stocks\/cum-sa-joci-la-bursa-pentru-a-castiga-de-doua-ori\">bursa<\/a> de valori este o pia\u0163\u0103 \u00een care vinde\u0163i \u015fi cump\u0103ra\u0163i valori mobiliare \u015fi m\u0103rfuri.<\/p>\n<p>\nDe la \u00eenfiin\u0163are \u015fi p\u00e2n\u0103 \u00een anii 1980, bursa de valori s-a referit la locurile fizice \u00een care tranzac\u0163iile erau efectuate la licita\u0163ie. Bine\u00een\u0163eles, ast\u0103zi nu mai este cazul: bursa de valori a devenit integral o pia\u0163\u0103 electronic\u0103.<\/p>\n<p>\nTipuri de pie\u0163e bursiere<\/p>\n<p>\nBursa de valori include diferite pie\u0163e bursiere, care sunt definite fie \u00een termeni de active, fie \u00een termeni de instrumente financiare.<\/p>\n<p>\n\u00cen ceea ce prive\u015fte activele, exist\u0103 numeroase pie\u0163e, fiecare cu particularit\u0103\u0163ile sale, ca de exemplu:<\/p>\n<ul>\n<li>\nPiata de ac\u0163iuni,<\/li>\n<li>\nPia\u0163a de m\u0103rfuri,<\/li>\n<li>\nPia\u0163a valutar\u0103, zis\u0103 Forex,<\/li>\n<li>\nPia\u0163a de indici.<\/li>\n<\/ul>\n<p>\n<a href=\"https:\/\/admiralmarkets.ro\/education\/articles\/cfd-stocks-indices-stocks\/cum-sa-joci-la-bursa-pentru-a-castiga-de-doua-ori\"><img decoding=\"async\" alt=\"\" src=\"http:\/\/storage0.dms.mpinteractiv.ro\/media\/401\/341\/5545\/17638195\/2\/cours-de-bourse.jpg?height=310&#038;width=620\" style=\"width: 620px; height: 310px;\" \/><\/a><\/p>\n<p>\n\u00cen ceea ce prive\u015fte instrumentele financiare, vorbim, de exemplu, despre:<\/p>\n<ul>\n<li>\nPia\u0163a futures,<\/li>\n<li>\nPie\u0163ele <a href=\"https:\/\/en.wikipedia.org\/wiki\/Spot_contract\">spot<\/a>,<\/li>\n<li>\nPia\u0163a instrumentelor financiare derivate.<\/li>\n<\/ul>\n<p>\nDe asemenea, exist\u0103 pia\u0163a primar\u0103 \u015fi pia\u0163a secundar\u0103. Pia\u0163a primar\u0103 se refer\u0103 la valorile mobiliare emise pe pia\u0163\u0103 pentru prima dat\u0103, iar pe pia\u0163a secundar\u0103 se tranzac\u0163ioneaz\u0103 titluri care au la activ cel pu\u0163in o lansare pe burs\u0103.<\/p>\n<p>\nActorii bursei de valori<\/p>\n<p>\nFunc\u0163ionarea bursei se bazeaz\u0103 pe prezen\u0163a a diver\u015fi actori, care pot fi clasifica\u0163i dup\u0103 cum urmeaz\u0103:<\/p>\n<p>\n1. Emiten\u0163ii,<\/p>\n<p>\n2. Investitorii,<\/p>\n<p>\n3. Intermediarii,<\/p>\n<p>\n4. Autorit\u0103\u0163ile de reglementare.<\/p>\n<p>\nS\u0103 \u00eencepem cu emiten\u0163ii. Ace\u015ftia sunt entit\u0103\u0163ile care emit valori mobiliare pe pie\u0163ele bursiere. Emiten\u0163ii pot fi companii care urm\u0103resc s\u0103 atrag\u0103 finan\u0163are sau state care doresc s\u0103 \u00ee\u015fi refinan\u0163eze datoria.<\/p>\n<p>\nAceste valori mobiliare emise sunt apoi achizi\u0163ionate de investitori. Ace\u015ftia pot fi persoane fizice, companii sau fonduri de investi\u0163ii.<\/p>\n<p>\nAceste emisiuni \u015fi achizi\u0163iile de valori mobiliare sunt efectuate cu ajutorul intermediarilor:<\/p>\n<ul>\n<li>\nCompaniile operatori de sistem, de exemplu Euronext, care opereaz\u0103 bursele de valori de la Paris, Lisabona, Bruxelles \u015fi Amsterdam,<\/li>\n<li>\nFurnizorii de servicii de investi\u0163ii&nbsp; &#8211; b\u0103nci sau brokeri &#8211; care transmit \u015fi proceseaz\u0103 ordinele pe pie\u0163e,<\/li>\n<li>\nAgen\u0163ii de compensare, care transfer\u0103 titlurile de valoare c\u0103tre investitori \u015fi pl\u0103tesc sumele datorate emiten\u0163ilor.<\/li>\n<\/ul>\n<p>\n\u00cen final, pia\u0163a bursier\u0103 este func\u0163ioneaz\u0103 sub supravegherea autorit\u0103\u0163ilor de reglementare, cum ar fi ASF (Autoritatea de Supraveghere Financiara) pentru Rom\u00e2nia sau FCA (<em>Financial Conduct Authority<\/em>) pentru Anglia. Misiunea ASF este:<\/p>\n<ul>\n<li>\nProtec\u0163ia economiilor investite \u00een produse financiare,<\/li>\n<li>\nInformarea investitorilor,<\/li>\n<li>\nFunc\u0163ionarea corect\u0103 a pie\u0163elor financiare.<\/li>\n<\/ul>\n<div>\nFunc\u0163ionarea bursei de valori \u00een 5 etape<\/div>\n<div>\n&nbsp;<\/div>\n<div>\nPentru a \u00een\u0163elege corect cum func\u0163ioneaz\u0103 pia\u0163a bursier\u0103, putem rezuma activitatea sa \u00een 5 etape:<\/div>\n<div>\n&nbsp;<\/div>\n<div>\n1. Companiile sau statele emit titluri de valoare,<\/div>\n<div>\n2. Investitorii cump\u0103r\u0103 aceste titluri de valoare,<\/div>\n<div>\n3. Furnizorii de servicii de investi\u0163ii proceseaz\u0103 ordinele pe pie\u0163e,<\/div>\n<div>\n4. Agen\u0163ii de compensare asigur\u0103 transferurile de titluri \u015fi pl\u0103\u0163ile,<\/div>\n<div>\n5. Autorit\u0103\u0163ile de reglementare controleaz\u0103 pie\u0163ele \u015fi protejeaz\u0103 investitorii.<\/div>\n<div>\n&nbsp;<\/div>\n<div>\nCum s\u0103 investi\u0163i pe bursa de valori?<\/div>\n<div>\n&nbsp;<\/div>\n<div>\nAcum, c\u00e2nd \u00een\u0163elege\u0163i cum func\u0163ioneaz\u0103 concret bursa de valori, s\u0103 vedem cum s\u0103 investim \u00een pie\u0163e.<\/div>\n<div>\n&nbsp;<\/div>\n<div>\nInternetul a contribuit \u00een mare m\u0103sur\u0103 la generalizarea tranzac\u0163ion\u0103rii online, investi\u0163ia \u00een pia\u0163a de valori fiind acum accesibil\u0103 tuturor. Nu ave\u0163i nevoie dec\u00e2t de urm\u0103torul echipament:<\/div>\n<div>\n&nbsp;<\/div>\n<div>\n\u25cf<span style=\"white-space:pre\"> <\/span>O conexiune decent\u0103 la Internet,<\/div>\n<div>\n\u25cf<span style=\"white-space:pre\"> <\/span>Un computer, tablet\u0103 sau smartphone,<\/div>\n<div>\n\u25cf<span style=\"white-space:pre\"> <\/span>O platform\u0103 de tranzac\u0163ionare,<\/div>\n<div>\n\u25cf<span style=\"white-space:pre\"> <\/span>Un broker pe burs\u0103.<\/div>\n<div>\n&nbsp;<\/div>\n<div>\n\u00cen zilele noastre, conexiunea la internet \u015fi un computer sau un smartphone, fiind bunuri de larg consum, mai mult ca sigur le ave\u0163i deja.<\/div>\n<div>\n&nbsp;<\/div>\n<div>\nO platform\u0103 de tranzac\u0163ionare, nu este altceva dec\u00e2t un software care v\u0103 va permite s\u0103 emite\u0163i ordinele pe pie\u0163ele bursiere \u015fi care poate fi desc\u0103rcat\u0103 rapid \u015fi gratuit.<\/div>\n<div>\n&nbsp;<\/div>\n<div>\nBrokerul este intermediarul la care ve\u0163i deschide un cont de tranzac\u0163ionare pentru a v\u0103 depune capitalul \u015fi pentru a v\u0103 primi c\u00e2\u015ftigurile.<\/div>\n<\/div>\n<div>\nCum s\u0103 v\u0103 alege\u0163i brokerul bursier?<\/div>\n<div>\n&nbsp;<\/div>\n<div>\nDup\u0103 cum deja v-a\u0163i dat seama, v\u0103 ve\u0163i \u00eencredin\u0163a fondurile de tranzac\u0163ionare brokerului pe care \u00eel ve\u0163i alege. Prin urmare, este de dorit s\u0103 fie ales cu aten\u0163ie, deoarece escrocheriile sunt, din p\u0103cate, comune pe Internet.<\/div>\n<div>\n&nbsp;<\/div>\n<div>\nPentru a v\u0103 asigura c\u0103 alege\u0163i un broker serios \u015fi de \u00eencredere, trebuie s\u0103 ave\u0163i \u00een vedere urm\u0103toarele:&nbsp;<\/div>\n<div>\n&nbsp;<\/div>\n<div>\n\u25cf<span style=\"white-space:pre\"> <\/span>Verifica\u0163i dac\u0103 brokerul dvs. este reglementat de o autoritate de reglementare, cum ar fi ASF sau FCA,&nbsp;<\/div>\n<div>\n\u25cf<span style=\"white-space:pre\"> <\/span>Verifica\u0163i c\u0103 brokerul dvs. nu figureaz\u0103 pe lista neagr\u0103 de la ASF.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nu este nevoie s\u0103 fii trader sau s\u0103 fi investit vreodat\u0103 pe pia\u0163a bursier\u0103 pentru a fi auzit despre bursa de valori. Cu toate acestea, acest termen at\u00e2t de familiar r\u0103m\u00e2ne o no\u0163iune abstract\u0103 pentru majoritatea oamenilor, pentru publicul larg, precum \u015fi pentru investitorii cu preten\u0163ii. Pia\u0163a bursier\u0103 are impact asupra economiei globale \u015fi este important s\u0103 \u00een\u0163elegem cum func\u0163ioneaz\u0103. Deci, cum func\u0163ioneaz\u0103 bursa de valori? Explica\u0163ii.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[573],"tags":[7216,11056,17331,60,7705],"class_list":["post-166099","post","type-post","status-publish","format-standard","hentry","category-media-marketing","tag-bursa","tag-financiar","tag-functionare","tag-piata","tag-valori"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/166099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=166099"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/166099\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=166099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=166099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=166099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}