Examining the changing role of Africa in the global economy.

Cut risk and generate profit even after the market drops The Second Leg Down offers practical approaches to profiting after a market event. Written by a specialist in global macro, volatility and hedging overlay strategies, this book provides in-depth insight into surviving in a volatile environment. Historical back tests and scenario diagrams illustrate a variety of strategies for offsetting portfolio risks with after-the-fact options hedging, and the discussion explores how a mixture of trend following and contrarian futures strategies can be beneficial. Without a rational analysis-based approach, investors often find themselves having to cut risk and buy protection just as options are at their most over-priced. This book provides practical strategies, expert analysis and the knowledge base to assist you in recovering your portfolio. Hedging strategies are often presented as expensive and unnecessary, especially during a bull market. When equity indices and other unstable assets drop, they find themselves stuck – hedging is now at its most expensive, but it is imperative to hedge or face liquidation. This book shows you how to salvage the situation, with strategies backed by expert analysis. Identify the right hedges during high volatility Generate attractive risk-adjusted returns Learn new strategies for offsetting risk Know your options for when losses have already occurred Imagine this scenario: you've incurred significant losses, you're approaching risk limits, you must cut risk immediately, yet slashing positions would damage the portfolio – what do you do? The Second Leg Down is your emergency hotline, with practical strategies for dire conditions.

In a straightforward approach, Hanania Benklifa provides readers the practical knowledge needed to trade options conservatively in Profiting with Iron Condor Options: Strategies from the Frontline for Trading in Up or Down Markets. The objectives are simple: make 2%-4% a month staying in the market as little as possible. Market experts use option condors to consistently earn monthly returns while trading conservatively and staying in the market as little as possible. Benklifa--who manages $10+ million in condor trades each month--shows you exactly how to run these trades and earn these returns, delivering all the details you need to master every nuance of this remarkable strategy. Benklifa shares option condors examples using market realities, not oversimplified abstractions. You’ll learn how to handle real-life market dynamics that can dramatically impact results, including rising and falling volatility, changing bid-ask spreads, and distorted call parity. You’ll learn how to profit in the sideways markets where condor options are most widely used--and also in extreme-trending markets that offer their own surprising opportunities. Traders who focus on a specific type of trade have a history of outperforming stock pickers and directional investors. This book will give you that deep and usable level of knowledge about one of today’s most well-proven strategies: option condors.

"Trading Down is a brilliant, fast-paced read that cleverly intertwines the world of high finance and international terror - a realistic possibility in today's world" - James Longman, Foreign Correspondent, ABC News Chris Peters loves his work in a multi-national bank: the excitement of the trading floor, the impossible deadlines and the constant challenge of the superfast computers in his care. And he loves his beautiful wife, Olivia. But over time, the dream turns sour. His systems crash, the traders turn on him, and Olivia becomes angry and disillusioned. So much bad luck. Or is it? A natural detective, Chris finds evidence of something sinister in the mysterious meltdown of a US datacentre. A new kind of terrorist. But can he get anyone to believe him? His obsessive search leads him to a jihadist website, filled with violent images; a man beaten to a pulp in a Dubai carpark; and a woman in a gold sari dancing in the flames of her own destruction. Slowly, a tragic story from decades ago in Yemen emerges. Too late, Chris understands the nature of the treachery, so close to him. His adversary knows every move and is ready to strike. Even his boss agrees: if this program is run, it will destroy this bank as surely as a neutron bomb. And Chris Peters has 48 hours to figure it out... "Trading Down does for bankers what The Charge of the Light Brigade did for horses. It's merciless."Lord Michael Dobbs, Author of House of Cards "My wife couldn't get a word out of me till I had finished the book. Now I can't get a word out of her, while she reads it. Brilliant" - Johnny Cameron, ex-Chairman, Global Markets "Trading Down is fast paced, enthralling and grips from the first page to the last. It tells it how it is in the investment banking environment.... constant crisis and fire fighting on multiple fronts" - Clare Cameron "A great, surprising rollercoaster crime-thriller, set inside an investment bank under cyber-attack" - Tanya Andreasyan, Editor, Banking Technology