In the competitive world of commodities trading, the margins are where you can get an edge."Perfectly Hedged" simplifies and explains hedging, a subject that is often viewed as highly technical, frequently misunderstood, and is the cause of avoidable, costly mistakes. Through an easy-to-follow, comprehensive book, you will obtain, and importantly retain this key knowledge that is vital to the long-term success of trading firms.Unlike other industry literature, "Perfectly Hedged: A Practical Guide to Base Metals", breaks down complex concepts across 18 chapters, making it easy for middle and back-office employees to digest the information.Highlights include straight-forward and easy-to-follow language, real-life examples, and a quiz at the conclusion of the book. Increase your understanding of hedging and boost your confidence. Immediately apply learnings to your day-to-day work. Improve ROI and get a valuable advantage over your competitors.Featuring 18 chapters on:1. Introduction to Hedging2. What Hedging Is and Why It Is Necessary3. How Metal Prices Are Determined4. Hedging in Practice5. "The Perfect Hedge"6. Position Management7. Physical Shipments8. How to Become a P&L Generator9. Hedging Errors10. Warrants11. Arbitrage12. Premium Hedging13. Foreign Exchange Hedging14. Spread Cards15. Initial & Variation Margin16. Simple Option Contracts For Hedging17. Price Participation18. Shanghai Futures Exchange"This is the first book I have read that walks you through the intricacies of commodity hedging in a methodical, easy-to-follow way. Finally!"Tristan Busch, Founder, Zopco SA