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Product Description
Product Description
EVERYTHING YOU NEED TO KNOW ABOUT DERIVATIVES
All About Derivatives, Second Edition, presents the complex subject of financial derivatives with a clarity and coherence you won’t find in other books. Using real-world examples and simple language, it lucidly illustrates what derivatives are and why they are so powerful. This second edition of All About Derivatives provides a rock-solid foundation on:
- The most common contracts available to you in today's market
- Key concepts such as cost of carry, settlement, valuation, and payoff
- Proven methods for establishing fair value
- How leverage can work for you--and against you
- The various derivative contracts traded today, including forwards, futures, swaps, and options
- Pricing methods and mathematics for determining fair value
- Hedging strategies for managing and reducing different types of risk
INCLUDES A BRAND-NEW CHAPTER ON THE ROLE DERIVATIVES PLAYED IN THE 2008 FINANCIAL MELTDOWN
From the Back Cover
Everything you need to know about derivatives--what they are, how they work, and how they can enhance profits and control market risk
Financial derivatives, from standard put and call options to more complex strategies and combinations, are among the most versatile, powerful, and valuable tools available to investors. All About Derivatives introduces you to the many different types of derivatives, providing simple explanations and easy-to-follow methods for using each.
This straightforward, up-to-date examination covers all aspects of derivative contracts, explains techniques for pricing and trading them, shows how to use each to hedge risk or increase profits, and more. Avoiding complicated formulas and theories to focus on the information you need, it shows anyone--from individual investors to corporate risk managers--how derivatives work, how they fit into the larger world of investing, and why they can be the ideal trading vehicle for improving the financial performance of yourself or your organization.
Whatever your level of investing expertise, from beginner to veteran, All About Derivatives will give you the information you need to know:
- Contracts--forwards, futures, swaps, options, and credit derivatives
- Terms--volatility, arbitrage, the greeks, and many more
- Key mechanics--storage, settlement, valuation, and payoff
- Pricing methods and mathematics for determining fair value
- Hedging strategies for managing different types of risk
- Leverage--why it can be your best friend or worst enemy
- And more
Inside This Book
(Learn More)
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Customer Reviews
Most Helpful Customer Reviews
5 of 5 people found the following review helpful
Format:Paperback
One of the most difficult tasks for a writer of DIY and LIY books is conveying complex processes is easy to understand language. Michael Durbin has successfully acheived this; explaining the fundamentals of derivatives in concise laymens terminology with myriad of analogies and examples. As a business analyst working with both IT and IR derivatives trader, I have found this book to be the best I have read so far. The book provides the reader with a solid platform from which to delve into more complex mathematically-based books such as Hull and Fabozzi. Thoroughly recommended for the derivatives beginner or for those seeking a high level understanding of the complex derivatives world.
4 of 4 people found the following review helpful
Format:Paperback
I thought this book was a good introduction.
I liked the informal tone, and the simple language especially. The examples used are easy to understand and the same examples tend to get expanded as you sweep through the book. This is a big help as some other books tend to create new examples for each new subsection. Thus making it difficult to see what new variables are being introduced...
As the description says, covers basic Forwards, Futures, Swaps and Options - and for Options, covers BlackScholes and Binomial pricing theory. At no stage does it claim to be a comprehensive reference for these techniques, but thats fine for people like me.
I haven't read a lot of similar books to compare and contrast with this one, but I certainly felt it was worth the money...
I liked the informal tone, and the simple language especially. The examples used are easy to understand and the same examples tend to get expanded as you sweep through the book. This is a big help as some other books tend to create new examples for each new subsection. Thus making it difficult to see what new variables are being introduced...
As the description says, covers basic Forwards, Futures, Swaps and Options - and for Options, covers BlackScholes and Binomial pricing theory. At no stage does it claim to be a comprehensive reference for these techniques, but thats fine for people like me.
I haven't read a lot of similar books to compare and contrast with this one, but I certainly felt it was worth the money...
3 of 3 people found the following review helpful
Format:Paperback
I can fully recommend this book as an introduction for people that are totally new to the area. The first half is a clear introduction to various types of derivative, while the second half goes into more detail on the pricing of derivatives.
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Most Recent Customer Reviews
The Best!!!
There can't be a better book in the Market for someone who is trying to understand derivatives and the way they are priced.
A very good book for a cheap price.
A very good book for a cheap price.
Published 2 months ago by Satheesh
Useful but with some mistakes that cost time to work through
All round great book, good introduction to derivatives and their uses and basic pricing strategies. However some math is wrong, causing me to work through them multiple times... Read more
Published 11 months ago by Rayner
A SOPHISTICATED FINANCIAL INSTRUMENT OR......
......a gamble or "taking a view" said by those wishing to obscure Joe Public's perception of derivative trading as a casino activity. Read more
Published 14 months ago by DOPPLEGANGER
Best Derivative Introduction book. The only one you will need
I simple love this book. The first chapter, 'Derivatives in a Nutshell' simply explains what they are in a very simplified manner, assuming that you have no prior knowledge of... Read more
Published on 4 Nov 2009 by Mr. Fe Ike
Best book for beginners
I haven't finished it yet, but this is a brilliant book and you feel that the author is in the room with you when you're reading it. Read more
Published on 14 May 2007 by B. Patel
A good introduction
I thought this was an excellent introduction for those with a some experience of financial markets. The explanation of terminology, pricing examples and non-technical language all... Read more
Published on 3 April 2006 by Matt Vanstone
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