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There is a wide variety of different types of coffee table furniture available. This means that it shouldn’t be a problem to find something that will suit your needs and your decor. However, there are a lot of advantages to choosing storage coffee tables over those that do not have any storage.
Of course the main advantage of storage tables is that you have a place to put some of the things you need to store around the house. This could be anything from books or magazines to blankets and extra pillows for a pull out couch. Coffee table ottomans and trunk tables work best for storing larger items and items that you don’t want visible to your guests. One example of this type of table is the Hammary Kanson Cocktail Table with Storage Cubes. This is a particularly useful table since the four storage cubes slide out from under the table to form seats for people to use to sit around the table.
Another advantage of storage tables is that you can use those with shelves to display some of your treasures, or to keep the books or magazines or craft project you are currently working on close at hand. The Metro Rectangular Coffee Table by Hammary is a good option, with a combination of shelves and drawers so that you can store some things hidden away and keep some in view.
Storage tables with just one big compartment accessible by lifting the top can also make it really easy to do some last minute clean up of a room when you are getting unexpected company. You can just toss in the odds and ends from around the room and deal with them later when you have more time. One option like this is the Tropical Abaca Small Astor Table by Jeffan, which is made with a solid mahogany base and a twisted abacca fiber upper.
Some tables even have storage that is a bit hidden, such as the Magnussen Madras Collection Rectangular Coffee Table. This table has removable trays in the top of the table, with a storage compartment underneath the trays. There is also a shelf near the bottom of the table that you can use for more storage.
Rick Swanson is a full-time article writer who enjoys writing about Acrylic Coffee Tables and even more at his website http://www.everythingcoffeetables.com.
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The Audi R10 TDI has remained to be the sports car to beat after an impressive performance during the 12 Hours of Sebring (USA). Despite the numerous new regulations set for the race, the Audi AG—luxury unit of Volkswagen and recipient of quality Volkswagen rotors—have made quite a start into the 2007 motorsport season with its innovative diesel sports car and successful dress rehearsal for the Le Mans 24 Hours scheduled on June 16 and 17. The victory at the 12 Hours of Sebring was the eighth victory received by Audi for Volkswagen.
The Audi R10 TDI has remained unbeaten in its ninth consecutive race and had to start with only 10 percent smaller fuel tank which means 81 liters instead of 90 liters. The Audi has to stop for refueling five laps earlier that its competitors. Despite the prowess show by the Audi R10 TDI during the race, a newcomer has been able to take on the lead on various occasions with its 150 kg lighter LM P2 cars. And it was only second to last hour that Frank Biela (Germany), Emanuele Pirro (Italy) and Marco Werner (Germany) were able to take the lead in the most exciting and thrilling competitive sports car race ever witnessed. Frank Biela was able to equal Tom Kirstensen’s record of four overall Sebring victories.
The Audi R10 TDI ran without experiencing any technical problem for the entire generation of the 12 Hours of Sebring despite the demanding track. The only unscheduled pit stop was caused by a puncture in the second hour costing the winning car two laps plus two-time penalties and a stop-and-go penalty but in the end the Audi team won the race.
The updated engine of the Audi R10 TDI featured more compact diesel particle filters from Dow Automotive, together with some further enhanced suspension, the latest generation of Michelin tires and the weight-optimized transmission of the R10 TDI which worked flawlessly during the Le Mans dress rehearsal.
Unfortunately, the Sebring week did not prove to be as great for the second Audi Team with the defending champions of the American Le Mans Series, Dindo Capello (Italy) and Allan McNish (Scotland) plus Le Mans record winner Tom Kirstensen (Denmark). An accident happen during the Thursday evening’s night practice session, the R10 TDI had to be completely rebuilt over night. And despite the lack of time to set up the car completely, Capello together with McNIsh and Kirstensen were able to lead the race before the starter and the battery had to be changed twice. The Audi team finished fourth overall and second in the LM P1 class garnering high points.
The Results at the 12 Hours of Sebring
1 Biela/Pirro/Werner (Audi R10 TDI) 364 laps in 12h 01n 14.838s
2 Herta/Franchitti/Kanaan (Acura/Honda) – 6 laps
3 Fernandez/Diaz/Martinez (Lola-Acura/Honda) – 8 laps
4 Capello/Kristensen/McNish (Audi R10 TDI) – 11 laps
5 Dumas/Bernhard/Castroneves (Porsche) – 13 laps
6 Brabham/Johansson/Dayton (Acura/Honda) – 18 laps
7 Beretta/Gavin/Papis (Chevrolet) – 23 laps
8 O’Connell/Magnussen/Fellows (Chevrolet) – 23 laps
9 Wallace/Leitzinger/Lally (Porsche) – 24 laps
10 Dyson/Smith (Porsche) – 31 laps
Famous Quotes after the Race
o Dr. Wolfgang Ulrich (Head of Audi Motorsport): “The team really has earned this victory. It has worked hard for it. We are happy winning Sebring another time and are unbeaten at Sebring since 2000. But we’ve also seen today how close it is now between the LM P1 and LM P2 cars. My fear that the two categories have been put together too closely, have been proved by today’s race.”
o Frank Biela (Audi R10 TDI #2): “Of course it’s nice to equal Tom Kristensen’s Sebring record. I’m very pleased. After the problem in the warm-up and the puncture at the beginning of the race I was not really expecting the victory anymore. It’s just superb that it ended this way.”
o Emanuele Pirro (Audi R10 TDI #2): “It’s been a great race for us. We had quite a few problems at the start of the race and were almost two laps behind. But in such long races you should never give up. In the end of the day the fastest and strongest car won. It was a nice win for us and a great start of the season. It was a race full of mechanical problems for everybody. But our car was really strong throughout the race.”
o Marco Werner (Audi R10 TDI #2): “I’m absolutely happy despite the day did not start too good in the warm-up. Also the beginning of the race was not the best with the puncture and the penalties in pit lane. But the car ran perfectly in the race – it’s simply an Audi, and you can rely on that. The race was fun although the last stint was very long. I was thinking about the brakes from time to time, but most of the time about the next restroom…”
o Dindo Capello (Audi R10 TDI #1): “It was a shame to effectively be out of contention for overall race honors before mid distance after losing around 30 minutes to replace the starter motor twice but that is motor racing sometimes. It is very good for Audi to repeat our Sebring win of last year with the R10 TDI.”
o Tom Kristensen (Audi R10 TDI #1): “We were grateful to be in the race after the accident on Thursday night – the team and mechanics worked very hard to get us to the grid. The early stages of the race looked good for us. We came to Sebring for our car to win so of course it’s disappointing to have encountered these issues. But again the mechanics got us out and up to speed so that we could fight back but unfortunately not right at the front at the finish. Apart from the starter problem, the car ran beautifully.”
o Allan McNish (Audi R10 TDI #1): “We encountered starter problems on our car which was a shame because we were in a very strong position. But to finish 1-2 in LM P1 is still very pleasing. Our team showed a lot of strength of character to keep fighting. It’s now very clear that we have stiff competition from both Acura/Honda and Porsche – it’s going to be a tough battle with those cars.”
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You may be familiar with trading stocks, bonds, options, and even Forex. But have you ever thought about trading CFDs? If not, we’ve put together, as part of our tutorial, an article which will walk you through a CFD trade. The imaginary trade will apply the principles of leverage, position sizing, and transaction costs which we discussed in the first section of our CFD trading tutorial.
The first section of the tutorial examined the benefits and costs of trading CFDs. The costs include:
*The interest you must pay for holding a position overnight
*Brokerage fees and commissions
*Slippage which results from trading illiquid CFDs.
Now it’s time to look at how trading CFDs actually works. By understanding the trading process, you’ll also understand how leverage will affect your profitability, and how to determine exactly the costs involved in a given trade.
We’ll begin by establishing position sizing rules.
Suppose you have $5,000 cash available as your trading float, and your CFD provider will offering a leverage of 10 to 1, which gives you a leveraged float of $50,000. We’ll also stipulate that you’ve decided to go with a fixed trade size for your position sizing model, and that you’ll be putting $5,000 into each individual CFD position.
Setting Your Stop Loss
Now we’ll consider your stop loss. You should never trade without having a stop loss in place to protect your investment if the market turns against you. Since your trade was at $7.50, you can place a stop loss at $7.22. If the CFD you are trading falls to $7.22 or below, you’ll automatically be stopped out of the trade. This means you’ll exit it with a 5% loss, but that’s better than watching it continue to fall.
But suppose the trade goes the way you want it to, and the price begins to increase? Suppose the upward trend continues for two or three days, and the CFD is now trading a $7.80? In this case, you can stay with the trend as long as you adjust your trailing stop up to $7.65, locking in half your profits.
Setting Your Trailing Stop Loss
What if, for some reason, the financial gods have smiled on you, and your CFD continues to soar until it hits $8.20? Time for another trailing stop adjustment, to $8.00.
Of course, no investment will go up forever, and your trailing stop will save you when the CFD begins to retreat and you get stopped out of your position at $8.00, if there has been no slippage (because you chose a highly liquid CFD). You held your position for a total of fourteen days, from the time you entered it until you were stopped out.
You entered at $7.50 and exited at $8.00, for a $.50 profit on each CFD. So you’ll multiply .50 x 667, for a profit of $333.50. But that’s the gross profit, from which you’ll have to subtract your costs.
The transaction costs include your commission, and the interest charges you paid for holding your position for two weeks. We’ll explain how to compute all of that in a later section, but for this trade it came to about $45. So your net profit for this trade will be about $288.
This sample trade will give you a clearer idea of what’s involved in trading CFDs, and while it may be somewhat different from trading Forex or other investments, you should be able to master the concepts with only a bit of practice!
Want to learn more about CFD trading online? Then see this site by Kurt Magnussen that features CFD trading tutorials and a list of the top CFD brokers and CFD providers online to trade with. Get the latest and top tips on CFDs and trading them in today’s market.
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Robert Alan Labonte was born on May 8, 1964 was born in Corpus Christi, Texas. Bobby Labonte as he is fondly known as, grew up watching his older brother, Terry Labonte, racing and he decided early on that he wanted to be just like him. By the time he was five, Labonte was already racing in quarter-midgets. He won his first quarter-midget championship when he was only seven years old and spent most of his pre-teen years sweeping the competition in races throughout the country. He was a force to be reckoned with and did not play a fool on the tracks. In 1978, the Labonte family moved to North Carolina to encourage his older brother’s career on the track.
Labonte went on to make his Busch Series debut in 1982 with a 30th spot finish. He worked his way up to the driver’s seat by first being the fabricator on his older brother’s crew team once he graduated from Trinity High School. Although he did try out a variety of divisions, Labonte went back to racing in the Busch Series in 1985. Even though he only finished 30th on his first race back, he bounced back and clinched the 17th spot in the next race. He went on to win his first pole position in the next season and came in second at Road Atlanta.
In 1987, Labonte won 12 races in the late-model stock cars division at Caraway Speedway. The Next season, he won six times at Concord Motorsports Park and after running six more Busch Series races, he came in at 16th. He managed to bring home two top tens, and had his first top-five finish at North Carolina Speedway. Labonte announced in 1990 that he was going to race full-time in the Busch Series. He won two poles, six top-fives and ten-top tens with a fourth place standing and the Busch Series “Most Popular Driver” award.
In 1991, Labonte won the NASCAR Busch series championship with his two wins, ten top-five and 21 top-ten finishes. The year picked up when he won at Bristol and at Indianapolis Raceway Park. He also managed to participate in two Winston cup starts with a 34th and 38th finish. In the next season, he won three races at the Busch Series at Lanier, Hickory and Martinsville although he unfortunately lost the title to Joe Nemechek by three points which is so far the closest finish in Sprint Cup, Nationwide and the Craftsman Truck Series.
In his rookie season of the Winston Cup Series, Labonte managed to pick up one top-five, two top-tens and 19th finish in spots. He was also runner-up to the Rookie of the Year title. He went on to start in two more Busch Series with a pole win and a 2nd and 24th place finish respectively. In 1994, Labonte added another pride to his joy when his own driver, David Green won the Busch Series championship for the Bobby Labonte Racing. He went on to race full-time in the Winston cup with one top-five and two top-ten and a 31st place finish.
Labonte went on in 1995 to pick up his first career win at the Coca Cola 600, the season ending race at Atlanta in 1996 where his older brother won the championship and in 1997 he won the season ending at Atlanta again. His 7th spot was the best finish in his career during that time. He went on to win five Winston Cup races in 1999 but in that season he had to persevere through a broken shoulder. The next year, he won 4 races at Darlington, Charlotte and Pocono. In 2007 Labonte won twice at the Pocono and at Atlanta.
His next win took place Martinsville in 2002 which was his first career shot track there. He managed to scrap through at eighth place in 2003 on standings with another 2 races at Atlanta and Homestead. He however, hit a dry spell in 2004 with no winnings at all and not much difference in 2005. He did participate in the 24 hours of Daytona road race his brother Terry, Jan Magnussen and Bryan Herta. 2006 and 2007 proved to be better seasons for Labonte with a windfall win at Martinsville Speedway, a miraculous 21st spot finish at the Daytona 500 in 2007 (which had a lot of accidents), the Busch Series win at Talladega Speedway which was his first Busch Series win since 1998.
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Here’s a really simple yet useful tutorial on CFD trading that will get you up and running very quickly if you’re new to CFD trading.
By the time you finish this article, you’ll know how CFDs work, what makes them highly profitable, and understand the costs involved in CFD trading.
CFD stands for Contracts For Difference, which is a derivative product, where you profit from changes in the prices of stocks and shares.
For example, if you buy a CFD on a stock that’s $5.00 and the price rises to $5.50, then you profit from that change in price. So if you bought 1000 CFDs, then your profit is $500. That is, the value of the CFDs mirror the underlying stock prices, and you can profit on this movement.
The reasons why CFDs are a very popular trading product, and understandably so, are:
1. CFDs are traded on leverage, and this leverage is typically 10 to 1, with some CFD brokers providing 20 to 1 leverage. This means that a trader with a small float can make decent profits from trading the stock market by using CFDs. For example, you may have a stock trading system that makes a 30% return per annum. On a $5000 float, this is $1500 profit in one year. With CFDs, because of the leverage, the same system can now produce a 300% return, which is $15 000 profit in one year.
2. You can just as easily short sell CFDs as well, and therefore profit from falling markets. This greatly increases the profitability of a trading system because trading opportunities increase dramatically, and the fact that you can profit from both bull and bear markets.
3. The costs in CFD trading are relatively low when compared to stocks. This is especially so, since for a similar and often smaller cost per trade, you can gain 10 or greater times the results from a trade due to the leverage available. The 2 main costs in CFD trading are interest and leverage. We’ll come to these in a moment.
4. You can set automatic stop losses. This means that it will take you less time to trade, remove the emotion from exiting a trade when you should, and allow you to exit as the stop is hit, not a day later. You therefore avoid the slippage due to getting out of a trade later than when you intended.
5. You can place all your orders in the evenings. With many CFD providers, you can place orders to enter a position the night before. For people who are working, this is a great advantage as they can do all their trading (place their orders to enter and their stop losses) in the evenings, and not need to be at the computer screen or call their broker during the day. Also, if they have any stop losses that need adjusting, they can do so in the evenings as well. Their trading routine with a mechanical system can be about 10-15 minutes per day.
So these are the advantages of CFDs that have made trading accessible to so many people because they provide large returns for a modest float, and can also be traded once a day as well.
Now, we mentioned that there are 2 main costs in CFD trading. Let’s have a closer look now at each of them:
1. Commission. With some CFD providers, there is in fact no commission. This also greatly increases the profitability of your CFD trading systems, as well as the fact that you can benefit hugely from the leverage. With other CFD providers, there may be a commission of say 0.15% of the trade size or $15, whichever is greater, each way. These costs are similar or less than the commission associated with stock trading, especially when you consider that the multiplied profits that the leverage gives you.
2. With CFDs, there’s interest charged for long positions that are held overnight. For short positions, the interest is paid to you. The amount of interest charged is usually a reference rate plus approximately 2%, and the interest paid is usually the same reference rate minus approximately 2%. And the reference rate is usually a major bank’s overnight interest rate.
For example, the interest rate charged for overnight held long positions may be 7.5% or 0.075 per annum. To calculate how much this is for a trade, we need to make it “pro rata”. That is, we’d need to divide the 0.075 by 365, multiply it buy the number of days in trade, then multiply it by the trade size. For example, for a trade size of $10 000, held for 14 days, the interest cost is about $28. Not a huge cost. For a short trade, the interest is paid to you, so will offset the cost rather than contribute to it.
So there you have it.
You now understand the benefits of trading CFDs and why they’re a trading instrument that allows people with a modest float to make very decent returns, as well as understand the costs involved with trading CFDs.
To learn more about CFD trading, watch out for part 2 of this article.
If you’d like to learn more now about CFD trading, go to this page with a comprehensive tutorial on CFD trading:
http://www.thecfdtrader.com/cfd-trading-tutorial.php
About The Author:
Kurt Magnussen makes it easy to go from CFD novice to learning the keys to successful CFD trading, quickly & easily. To get more valuable tips and hints on CFD trading, visit this website on CFD trading. Go there now to grab your tutorials!
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It’s hard to imagine trying to trade CFDs without a trading system, yet many people do so simply because they have no idea how a trading system works! While the two types of trading systems, either mechanical or discretionary, have their differences, if you want to trade CFDs online, using one of them is almost certain to benefit your trading performance.
This article will explain how each kind of CFD trading system works, and what the ways in which it can affect your trading outcomes.
A trading system for CFDs, to put it as simply as possible, is simply a set of rules to which you’ll adhere in managing your trades, and there are both mechanical and discretionary CFD trading systems.
Mechanical CFD Trading Systems
Choosing a mechanical CFD system will allow you to simply write down exactly what you’re looking for in the CFDs you want to trade, and the system will automatically reject any CFDs which don’t meet your criteria. If one of your criteria, for instance, is that you won’t enter a CFD trade until it’s crossed its 3-day high, then you’ll eliminate from consideration every CFD which hasn’t. You are instantly saving yourself a tremendous amount of guessing and hunch playing as a basis for your trades!
Using a mechanical system for CFDs will let you enter your criteria into one of several trading software programs like WealthLab or TradeSim, so that you can see how those criteria would have performed over a specific period of time, say the past ten years. You can keep changing the criteria and backtesting them, so that you come up with a set of parameters which has the best long-term profit combined with an acceptable amount of drawdown.
Choosing a mechanical CFD system will allow you to create and test customized trading system with which you’re completely comfortable, rather than relying on someone else’s system and hoping it will perform as advertised!
Discretionary CFD Trading Systems
A discretionary CFD trading system is one which isn’t entirely mechanical, but still may have its own clearly defined approach to trading which has proven profitable over time. Such a system may still allow you to look for CFDs which have crossed their trendlines so that you can enter or exit a trade, but a discretionary system will allow you to plot your own trend line angles and positions according to your interpretation of a chart’s pattern.
These CFD systems are not considered mechanical because they allow you to draw your own support and resistance lines or to use some more sophisticated patters like ascending triangles, which would be difficult to define with a mechanical system. The best way to learn a discretionary trading system is with guidance from an experienced user who has already profited from it.
Regardless of which kind of trading system for CFDs you choose, you really need a system to enable you to make consistently profitable trades. Using a system will enable you to approach your trading in a professional, disciplined manner, making profits consistently and keeping tabs on your trading record so that you can stop mistakes before they cost you too much. A CFD trading system is your best weapon against becoming an emotional trader!
Kurt Magnussen helps you to learn all about online CFD trading. Which are the top online CFD providers and CFD brokers? Find out at his site as well as get the top tips on how CFDs work, including CFD trading systems, order types, mini CFDs and CFD trading strategies.
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It’s unbelievable, but many CFD traders trade without a trading system, or don’t really understand what a trading system is!
This is not to say that all CFD trading systems are mechanical, and that discretionary systems don’t work as well. There are in fact many types of systems around. Some are purely mechanical and some rely on a certian amount of judgment from the trader, which is gained through experience of paper and live trading.
And yes, CFD trading online is becoming more popular.
By the time you finish this article, you’ll know what a CFD trading system really is, and the effect a trading system has on your actual trading performance.
Firstly let’s look at what a CFD trading system is.
A trading system is basically a set of rules.
With purely mechanical systems, you can literally write the entire plan down (since it is mechanical, and a CFD either passes your rules, or it doesn’t), and can even have someone else follow the system precisely.
In fact, you can program the system into trading software such as Metastock and TradeSim, TradeStation or WealthLab and backtest them to see their performance over the past 10 years for example. And when you’ve backtested say 10 to 20 systems, you choose the best one – one with a good profit and not too large a drawdown as well.
This is excellent because it means that anybody with the desire to trade profitably can do so by designing their own system and backtest it (with some education this becomes a lot faster), instead of trading with a system that’s totally unknown in how it will perform.
Some other systems on the other hand, are part discretionary, though this doesn’t mean that there is no systematic approach. Though these systems may not be 100% mechanical, there is still a step by step systematic approach that has been shown to be profitable. The reason why they may be not 100% mechanical is either because the indicators may be interpreted with discretion such as drawing support or resistance lines (unless this itself is made 100% mechanical), or uses chart patterns that are not easily mechanically defined. These kinds of systems can still be learnt, and are learnt from someone who has already traded the system successfully.
With whichever type of online CFD trading system, it is through trading with a system, that trading becomes an instrument that can be used to create profits on a consistent basis. Almost in a business like manner, where you apply a system, earn money, and monitor your performance to see that you’re on track. And ideally, emotion is kept out of the marketplace.
So, what a CFD systems essentially does, includes these three important things:
1. Cuts your losses short
That is, if a trade goes against you, you exit at a small loss, not a large loss. This is done with a stop loss, which is in contrast to some people who put money into stocks or CFDs and have no plan for exiting, and see their losses keep increasing until they lose a significant portion of their float. In fact, the stop losses in a CFD trading system should be not too small to exit you out of trades with minor movements of the CFD price, and not too large in that your losing trades become too large in comparison to your winning trades. An optimal stop loss is in its happy medium.
2. Lets your profits run
That is, if a trade goes in your direction, your trailing stops allow enough room for the CFD to run and your profits to become large, but close enough to allow you to exit later on when the trade eventually does go against you. With a trading system where this happens, your profits are bigger (usually much bigger) than your losses, although they are typically not as frequent. Both of these points 1 and 2 above leads to…
3. A healthy profit-loss ratio
In case you’re unfamiliar with this term, the profit-loss ratio is the size of the average profit compared to the size of the average loss. For example, if your average profit is $820 and you average loss is $205 your profit loss ratio is 4 (820/205).
Note that there’s a similar term called the win-loss ratio, which is how many wins there are compared to losses. But these two terms must be looked at together. If you only have 35% winning trades and 65% losing trades, resulting in a modest win-loss ratio of 0.54 (35/65), a system is profitable, if the profit-loss ratio is nice and high.
That is, you multiply the profit-loss ratio, with the win-loss ratio, to get the “profitability ratio”. As long as this number is greater than 1, the system is profitable. In the example just mentioned, the profitability ratio is 2.15 (0.54 x 4). This is really what makes a system profitable.
You will always have losing as well as winning trades in a trading system. If the wins are much bigger than the losses, though less frequent, and this includes taking into account costs of trading such as commissions and interest costs, then your trading plan is good, and your trading will be profitable.
So in conclusion, you now understand what a CFD trading system is, and why it’s important to have one.
What we’ve just gone though is an important concept. It’s in fact the basic principle as to why a trading system is profitable or not.
Kurt Magnussen makes it easy to go from CFD trading novice to learning the keys to successful CFD trading, quickly & easily. To learn more valuable tips and hints on CFD trading, including how to choose a CFD trading system, go to this website on CFD trading systems and tips on online CFD trading.
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