A comprehensive resource for understanding how to minimize risk and increase profits, Risk Management in Trading: Techniques to Drive Profitability of Hedge Funds and Trading Desks by Davis Edwards is a must-read for anyone interested in the strategies and techniques used by seasoned traders. This accessible guide introduces readers to hedge fund and proprietary trading desks, delving into the intricacies of risk avoidance and acceptance. Throughout the book, Edwards explores financial risk management in detail, helping non-quantitative managers navigate the complexities of professional risk management jargon. He emphasizes the importance of adopting a consistent framework for evaluating different types of risks and stresses that any trading decision not aimed at maximizing profits should be critically examined. Familiarity with all transaction details is highlighted as crucial for making informed investment decisions.

Edwards, a Wall Street trader and quantitative analyst, provides readers with insights into the decision-making processes used by successful traders. This book serves as both an educational tool and a practical guide, offering valuable strategies to help nonprofessionals manage financial risks effectively in their trading endeavors.

Risk Management in Trading is ideal for those looking to gain a deeper understanding of risk management techniques and tools employed by professionals, making it an essential read for aspiring traders, financial analysts, and anyone involved in the dynamic world of finance.

ISBN-13: 978-1118772843

Publisher: Wiley

Publication Date: June 4, 2014