Description
Book SynopsisHow to Hedge Metals is an important resource for all traders, whether new graduates or seasoned directors, and is written in simple, precise, and clear terms. It is engaging and accessible a good read rather than a reference book and provides solutions to the problems caused by metal price volatility. It walks through the entire hedging process, starting long before the first futures trade, with a discussion on risk tolerance and appetite. It explains how the world's major futures exchanges work; but more importantly, it explains how futures and options can solve physical trading problems. Written entirely from a hedger's perspective, How to Hedge Metals answers questions on issues such as Quotational Periods, option premiums, and backwardations.
The aim of the book is not to promote hedging; some companies will learn how to minimise risk by changing their physical contracts, while others may conclude that the level of risk they face is acceptable. For those
