Energy Trading and Risk Management: A Practical Approach to Hedging, Trading and Portfolio Diversification (Wiley Finance)
Product ID: 8348088
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A comprehensive overview of trading and risk management in the energy markets Energy Trading and Risk Management provides a comprehensive overview of global energy markets from one of the foremost authorities on energy derivatives and quantitative finance. With an approachable writing style, Iris Mack breaks down the three primary applications for energy derivatives markets – Risk Management, Speculation, and Investment Portfolio Diversification – in a way that hedge fund traders, consultants, and energy market participants can apply in their day to day trading activities. Moving from the fundamentals of energy markets through simple and complex derivatives trading, hedging strategies, and industry-specific case studies, Dr. Mack walks readers through energy trading and risk management concepts at an instructive pace, supporting her explanations with real-world examples, illustrations, charts, and precise definitions of important and often-misunderstood terms. From stochastic pricing models for exotic derivatives, to modern portfolio theory (MPT), energy portfolio management (EPM), to case studies dealing specifically with risk management challenges unique to wind and hydro-electric power, the bookguides readers through the complex world of energy trading and risk management to help investors, executives, and energy professionals ensure profitability and optimal risk mitigation in every market climate. Energy Trading and Risk Management is a great resource to help grapple with the very interesting but oftentimes complex issues that arise in energy trading and risk management. Review: A Necessary Book for Experienced and Beginner Energy Traders Alike - Dr. Iris Mack leverages her extensive experience as a trader and banker to write an informative and highly useful book on trading in energy commodities, derivates, options, et cetera. This book can be especially useful to people who are already traders but are unfamiliar with energy markets, as Mack gives a thorough, accessible introduction to the fundamentals of those markets. Even better for those of us who think Bollinger bands and other technical analysis is silly and prefer quant trading, Mack takes a look at many different quantitative models for trading. Mack's background in mathematics and physics, let alone her experience trading at major firms worldwide, makes her approach very insightful. Not only covering trading, the book also covers risk management, an aspect of trading in which many more should be educated and should apply regularly. I would highly recommend this book for both beginner and experienced traders alike. Review: Great book for those interested in the energy markets! - Energy Trading and Risk Management is a comprehensive guide to the energy sector of the global financial markets. Dr. Mack covered every aspect of energy trading and what it is involved in risk management. Quant models and qualitative factors that should be accounted for when considering energy investments are explained thoroughly enough to gain needed insight, but described simply enough to be easily understood. There also many case studies included in the book to bring clarity to some of the concepts. I would recommend this book for anybody looking to get into energy trading or those looking for a reference for the energy market in general.
| Best Sellers Rank | #993,372 in Books ( See Top 100 in Books ) #131 in Business Pricing #202 in Risk Management (Books) #267 in Commodities Trading (Books) |
| Customer Reviews | 4.6 out of 5 stars 41 Reviews |
L**T
A Necessary Book for Experienced and Beginner Energy Traders Alike
Dr. Iris Mack leverages her extensive experience as a trader and banker to write an informative and highly useful book on trading in energy commodities, derivates, options, et cetera. This book can be especially useful to people who are already traders but are unfamiliar with energy markets, as Mack gives a thorough, accessible introduction to the fundamentals of those markets. Even better for those of us who think Bollinger bands and other technical analysis is silly and prefer quant trading, Mack takes a look at many different quantitative models for trading. Mack's background in mathematics and physics, let alone her experience trading at major firms worldwide, makes her approach very insightful. Not only covering trading, the book also covers risk management, an aspect of trading in which many more should be educated and should apply regularly. I would highly recommend this book for both beginner and experienced traders alike.
R**N
Great book for those interested in the energy markets!
Energy Trading and Risk Management is a comprehensive guide to the energy sector of the global financial markets. Dr. Mack covered every aspect of energy trading and what it is involved in risk management. Quant models and qualitative factors that should be accounted for when considering energy investments are explained thoroughly enough to gain needed insight, but described simply enough to be easily understood. There also many case studies included in the book to bring clarity to some of the concepts. I would recommend this book for anybody looking to get into energy trading or those looking for a reference for the energy market in general.
Z**A
Thorough Analysis of Energy Finance Markets
Energy Trading and Risk Management is an essential text that provides a thorough yet straightforward overview of the energy finance marketplace. Dr. Mack's book works as both a stepping stone and introductory piece to options, futures, and various other trading and risk management techniques, or as a supplement to experienced professionals. With both analysis of the underlying theory of energy derivative tools, as well as thorough walk-throughs of real world examples, I highly recommend Energy Trading and Risk Management to both prospective and current energy professionals.
E**R
Excellent & thorough review of Dr. Mack's book by Forbes Magazine columnist Gaurav Sharma
Excellent and detailed review by Forbes Magazine columnist Gaurav Sharma... My colleagues and I have at least 5 copies of Dr. Mack's book in our office. We bought Dr. Mack's based on the excellent and very detailed review of her book by Forbes Magazine Journalist and Energy columnist Gaurav Sharma. Here are the links to Mr. Sharma's thorough and excellent review of Dr. Mack's book: (1) http://www.amazon.co.uk/books/dp/1118339339/ref=sr_1_1?ie=UTF8&qid=1432492340&sr=8-1&keywords=iris+mack (2) http://www.oilholicssynonymous.com/2014/11/an-instructive-approach-to-energy.html
A**R
is a great book that helped me to understand the fundamentals of ...
Energy - Trading and Risk Management, by Dr Iris Mack, is a great book that helped me to understand the fundamentals of trading. Dr. Mack's book helped make a complicated topic, easy to understand. Having Dr Mack as the professor for my trading class made a world of difference. I highly recommend this book to anyone who is interested in learning about energy trading.
S**O
No.1 Energy Trader Book!
The book is definitely great for who wants to be a energy trader! It covers the basic energy market fundamental as well as the risk management Technics. I like how it tell the story about the options! Give the example and tell you how to do the real trade! Start to make some money using the option trading, LOL !
C**.
It gives the reader a compressed look at the available energy risk management tools and is a great start for basic research
As an undergraduate student, who is curious about what the energy markets offer, this book really helps to get a thorough understanding. It gives the reader a compressed look at the available and specific energy risk management tools and is a great start for basic research.
Z**N
A must-read for people who wanna trade in the energy market.
A pretty good and inspiring book on that gives you a whole view of the energy market fundamentals, trading instruments, strategies, portfolios, etc. Written in plain language and is easy to understand.
か**じ
対象は広範囲ですが
目次からも分かるように、記述対象が広範囲なのは良い点ですが、深さが足りない印象です。知識を実務で役立てるためには、本書以外にも情報源が必要ですね。
S**K
Useful content
Usefully content for bigginners to advance level
S**O
grafici a colori stampati in bianco e nero
Deve essere una riedizione per cui i grafici originali a colori sono stampati i bianco e nero limitandone fortemente la leggibilità
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