Financial professionals nowadays is managing price risk to handle many challenges like low price, randomness, oversupply and unpredictable swings. You should always be prepared for an unanticipated rise and drop in prices. You need to be foresighted to be good at managing risks. Having no hedging strategy is a risk in itself. Always have a plan according to your needs and experiences in your mind. Heterogeneity is also crucial for overall risk management. Self-made options, currency hedging and structured products are other important solutions to it. Taking an integrated approach is always a good idea. Gone is the time when the companies used to seek help from large banks. A new trend of working along with non-bank organizations to achieve their hedging goals is gaining popularity. Along with regulatory requirements, it ensures to provide a stable balance sheet and reputation. Read more at: http://www.forbes.com/sites/cargill/2016/06/08/manage-risk-with-confidence/#7104ea8f6bd1