Energy Trading and Risk Management: A Practical Approach to Hedging, Trading and Portfolio Diversification (Wiley Finance) 1st Edition

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.

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.

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.

Only buy this book if you are looking for a highly advanced account of energy markets. You are expected to already know what a derivative it, how very abstract markets move, etc. If you are looking to simply get into the energy markets through ETFs do not buy this, unless you already have a strong foundation in finance and econ. This book will not hold your hand and throws you into the deep end right away. That said, it seems competent and the author is certainly intelligent and experienced. Not sure why it's almost $100 however.

Dear Professor Mack,I'm jiayi chen, sorry for the late! Below is my review of your book:The content of the book is quiet throughout and complete, this book makes a perfect combination between energy market and the financial derivatives as tools to trade in the energy market. I'm not wondering why this book is the best seller among its peers.The structure of this book is solid and logical. By introducing the knowledges from the energy market as a begin, this book then begin to introduces quant model that can be using into the energy market. Then the optimization of portfolio, the tradeoff using option, and the the case study is a perfect ending in my opinion.However, among all the established theories and derivatives being used in the energy market, I suggest the author can develop her own theory, a piece of advices, her abundant experienced of experience in the energy market, and the update of the data and case study.What's more, the author can introduce the computer language into this book. For instance, VBA and Matlab, the author can illustrate how to build this model within matlab or vba. By doing so, the reader can obtain the realistic skillset to construct a energy trading model.I hope my advices can help this book even perfecter!!Best WishesJiayi Chen

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

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.

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 !