{"id":102062,"date":"2022-06-11T14:00:00","date_gmt":"2022-06-11T14:00:00","guid":{"rendered":"https:\/\/leverate.com\/blog-tr\/makale\/a-book-doviz-brokerligi-hangi-risklerle-karsi-karsiya-kalabilir\/"},"modified":"2026-11-03T09:21:46","modified_gmt":"2026-11-03T09:21:46","slug":"a-book-doviz-brokerligi-hangi-risklerle-karsi-karsiya-kalabilir","status":"publish","type":"post","link":"https:\/\/leverate.com\/tr\/blog-tr\/is\/a-book-doviz-brokerligi-hangi-risklerle-karsi-karsiya-kalabilir\/","title":{"rendered":"A-BOOK d\u00f6viz brokerli\u011fi hangi risklerle kar\u015f\u0131 kar\u015f\u0131ya kalabilir?"},"content":{"rendered":"<p class=\"wp-block-paragraph\">D\u00f6viz piyasas\u0131nda, d\u00fc\u015f\u00fck riskli getirileri uzun vadede istikrarl\u0131 bir \u015fekilde elde etmeyi ama\u00e7layan d\u00f6viz brokerleri, genellikle A-BOOK i\u015flem modelini tercih ederek d\u00f6viz i\u015flem platformlar\u0131n\u0131 kurarlar.<\/p>\n\n<p class=\"wp-block-paragraph\">Bir platform kurarken, brokerlar genellikle LP hedging yoluyla arac\u0131l\u0131k marj\u0131ndan istikrarl\u0131 bir \u015fekilde kazan\u00e7 elde ederek risksiz getiri sa\u011flamay\u0131 ama\u00e7lar; ancak ger\u00e7ekte A-BOOK, hayal edildi\u011fi kadar kusursuz de\u011fildir; hatta bazen bir dikkatsizlik sonucu, forex brokerlar\u0131 bu nedenle b\u00fcy\u00fck zararlara u\u011frayabilir.Bu makale, A-BOOK i\u015flem modelinin tam olarak hangi riskleri bar\u0131nd\u0131rd\u0131\u011f\u0131n\u0131 anlaman\u0131za yard\u0131mc\u0131 olacakt\u0131r.<\/p>\n\n<p class=\"wp-block-paragraph\"><br><strong>Risk 1:<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">D\u00f6viz brokerleri fiyatland\u0131rma riskiyle kar\u015f\u0131 kar\u015f\u0131ya kal\u0131r. \u0130deal bir i\u015flem modelinde, A-BOOK d\u00f6viz brokeri \u00f6nce platformdaki yat\u0131r\u0131mc\u0131lar\u0131n i\u015flemlerini kabul eder, ard\u0131ndan ayn\u0131 tutardaki i\u015flemi likidite sa\u011flay\u0131c\u0131lar\u0131yla dengeler; yani emirleri piyasaya \u201caktar\u0131r\u201d ve i\u015flem platformu kendisi i\u015flem riskini \u00fcstlenmez.<\/p>\n\n<p class=\"wp-block-paragraph\">Ancak ger\u00e7ek i\u015flemlerde bu s\u00fcreci ger\u00e7ekle\u015ftirmek hi\u00e7 de kolay de\u011fildir. Bir \u00f6rnek verecek olursak, platformdaki m\u00fc\u015fteri Xiao Ming 500 lot uzun pozisyon a\u00e7ar; ortalama bir lotun fiyat\u0131 5 yuan\u2019d\u0131r. Bu durumda platform, 2500 yuan\u2019l\u0131k bir a\u00e7\u0131\u011fa sat\u0131\u015f yapm\u0131\u015f say\u0131l\u0131r. \u0130\u015flem riskini dengelemek i\u00e7in,platform, likidite sa\u011flay\u0131c\u0131yla i\u015flem yaparak 500 lot uzun pozisyon sat\u0131n al\u0131r. Bu s\u0131rada ortalama lot fiyat\u0131n\u0131n 5,1 yuan oldu\u011funu varsayal\u0131m. Bir s\u00fcre sonra, Xiao Ming bu 500 lotu satar ve ortalama lot fiyat\u0131 5,5 yuan olur, yani 2.750 yuan. Bu durumda Xiao Ming 250 yuan net k\u00e2r elde eder.platform da LP ile riskten korunma i\u015flemi ger\u00e7ekle\u015ftirir, ancak bu s\u0131rada likidite sa\u011flay\u0131c\u0131s\u0131n\u0131n verdi\u011fi fiyat, bir lot ba\u015f\u0131na ortalama 5,4 yuan\u2019d\u0131r,Platform, likidite sa\u011flay\u0131c\u0131s\u0131ndan sadece 150 yuan kazan\u0131r, ancak Xiao Ming\u2019e 250 yuan \u00f6demek zorundad\u0131r. <strong>Dolay\u0131s\u0131yla, bu LP riskten korunma i\u015flemi sonucunda platform 100 yuan zarar etmi\u015ftir. Bunun nedeni nedir?<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">Al\u0131\u015f-sat\u0131\u015f spreadleri farkl\u0131 oldu\u011fu i\u00e7in, yat\u0131r\u0131mc\u0131 Xiao Ming\u2019in spread\u2019i 0,5 iken platform taraf\u0131n\u0131nki sadece 0,3\u2019t\u00fcr; dolay\u0131s\u0131yla platform taraf\u0131n\u0131n spread\u2019i yat\u0131r\u0131mc\u0131n\u0131nkinden daha d\u00fc\u015f\u00fck oldu\u011fundan, sonu\u00e7ta zarar etmi\u015ftir.Bu durum neden meydana gelir? D\u00f6viz piyasas\u0131nda fiyat hareketleri \u00e7ok h\u0131zl\u0131 ger\u00e7ekle\u015fir; yat\u0131r\u0131mc\u0131 taraf\u0131ndaki i\u015flem tamamland\u0131ktan hemen sonra, likidite sa\u011flay\u0131c\u0131s\u0131n\u0131n teklifinde b\u00fcy\u00fck bir de\u011fi\u015fiklik meydana gelmi\u015f olabilir.<\/p>\n\n<p class=\"wp-block-paragraph\">Peki bu t\u00fcr risklerden nas\u0131l ka\u00e7\u0131n\u0131labilir? \u00c7ok basit: Yat\u0131r\u0131mc\u0131lardan \u00f6nce i\u015flem yapmak. Likidite sa\u011flay\u0131c\u0131yla fiyat teklifini \u00f6nceden belirledikten sonra, bu teklife g\u00f6re yat\u0131r\u0131mc\u0131larla i\u015flem yap\u0131ld\u0131\u011f\u0131nda, platform taraf\u0131 fiyat teklifi riskini \u00fcstlenmek zorunda kalmaz. Tabii ki, yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan i\u015flem s\u00fcresi biraz uzayacak ve hatta kayma (slippage) durumlar\u0131yla kar\u015f\u0131la\u015f\u0131labilecektir.<\/p>\n\n<p class=\"wp-block-paragraph\"><br><strong>\u0130kinci risk:<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">D\u00f6viz brokerleri, i\u015flem hacmi riskiyle kar\u015f\u0131 kar\u015f\u0131ya kal\u0131r. Baz\u0131 k\u00fc\u00e7\u00fck ve orta \u00f6l\u00e7ekli d\u00f6viz brokerleri i\u00e7in as\u0131l endi\u015fe kayna\u011f\u0131 fiyatland\u0131rma riski de\u011fil, i\u015flem hacmi riskidir.Her likidite sa\u011flay\u0131c\u0131, fiyat teklifini sunduktan sonra her i\u015flem i\u00e7in gerekli olan minimum i\u015flem hacmini de belirtir; bu, likidite sa\u011flay\u0131c\u0131n\u0131n i\u015flem maliyetlerini d\u00fc\u015f\u00fck tutar. Ancak k\u00fc\u00e7\u00fck ve orta \u00f6l\u00e7ekli forex brokerleri, ba\u015flang\u0131\u00e7ta minimum i\u015flem hacmini kar\u015f\u0131layacak yeterli m\u00fc\u015fteri taban\u0131na sahip olmayabilir;Bu durumda platform, riskten korunmak i\u00e7in ba\u015fka y\u00f6ntemler kullanmal\u0131d\u0131r; \u00f6rne\u011fin, i\u00e7 riskten korunma y\u00f6ntemleri veya d\u00f6viz opsiyon portf\u00f6y\u00fc ile riskten korunma gibi.<\/p>\n\n<p class=\"wp-block-paragraph\"><strong>Bir forex platformu kurmak m\u0131 istiyorsunuz? Bir forex arac\u0131 kurumu a\u00e7mak m\u0131 istiyorsunuz? MT4 ve MT5 ba\u015fvurular\u0131n\u0131z s\u00fcrekli reddediliyor mu?<\/strong><br><a href=\"https:\/\/cn.leverate.com\/sirix-venture\/\">Sirix-Venture\u2019\u0131 tercih edin<\/a>: d\u00fc\u015f\u00fck maliyetli \u00e7\u00f6z\u00fcmler, \u00fcst d\u00fczey teknoloji.Sirix White Label + LxFeed + CRM + Web sitesi <br>, MT4 ve MT5 ba\u015fvurular\u0131n\u0131n reddedilmesini \u00f6nleyin; daha basit ve sezgisel bir aray\u00fcz, daha d\u00fc\u015f\u00fck fiyatlar, daha y\u00fcksek yetkiler<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A-BOOK, san\u0131ld\u0131\u011f\u0131 kadar kusursuz de\u011fil<\/p>\n","protected":false},"author":29,"featured_media":102063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[341],"tags":[],"class_list":["post-102062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-is"],"acf":[],"_links":{"self":[{"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/posts\/102062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/comments?post=102062"}],"version-history":[{"count":1,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/posts\/102062\/revisions"}],"predecessor-version":[{"id":102064,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/posts\/102062\/revisions\/102064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/media\/102063"}],"wp:attachment":[{"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/media?parent=102062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/categories?post=102062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/tags?post=102062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}