Prosperity Group International (PGI) Index Trading

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PeterJensen

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Prosperity Group International's (PGI) Index Trading platforms utilize global stock market indices (indexes) in order to generate profits. The term ‘Index Trade’ refers to a trade that can be placed whether a particular Stock Market Index moves up or down over any specified (short-term) time period. You never actually own the instrument you are investing in, you are simply taking a ‘position’ on a particular Index to move in one specified direction, either ‘UP or DOWN’. There is a good article on our blog: An Introduction to Index Trading, which might be of benefit for those who are new to this style of trading. You are more than welcome to check it out. Regards, PJ.
 
Peter,
Is there alternatives being looked at to get the return back similar to what it used to be with BetOnMarkets? Since BetOnMarkets changed their payout on bet percentage it now requires too high a percentage strike rate to be reasonable to make a profit. Under current conditions PGI will struggle to be able to generate any profit. If the return went back to 100% per bet then PGI would start seeing some good results.
So is there any other platform that would give us this that you know of?
 
lovenlust72 said:
Peter,
Is there alternatives being looked at to get the return back similar to what it used to be with BetOnMarkets? Since BetOnMarkets changed their payout on bet percentage it now requires too high a percentage strike rate to be reasonable to make a profit. Under current conditions PGI will struggle to be able to generate any profit. If the return went back to 100% per bet then PGI would start seeing some good results.
So is there any other platform that would give us this that you know of?
Click to expand...


Thanks for your question lovenlust72,

Prosperity Group International have been in contact with Betonmarkets and have enquired about the sudden change in percentage return. Their initial reply was:

“Good morning.
>
> The pricing levels for intraday should approximately lie between 85% - 90%,
> but occasionally the pricing levels move out of this range (either way) due to
> variety of reasons.
>
> At the latest by tomorrow, you should see the returns moving back to their
> normal range, as our pricing team is currently updating the system.
>
> As far as the issues of last week are concerned, these were largely caused by
> two brief disruptions in internet connectivity with our Australian ISP which
> they attributed to a 'problematic router' that has since been fixed.
>
> Should you wish to discuss this any further, please let me know, I'd be more
> than happy to give you a call.
>
> Regards, BetOnMarkets Team

This is Betonmarkets reply to our enquiry which took place last week, and since then there has not yet been any changes to their structure. One of PGI’s market analysts is receiving a call from Betonmarkets general manager this evening to discuss this in further detail.

I will keep you posted on the outcome. This should only be a TEMPORARY set back from BETONMARKETS.

There are other platforms you can use, such as betfair.com or igindex.com.au however they do not cover all the markets we have available and their profit returns, in some cases, are lower then the current Betonmarkets returns.

Hence the reason we recommend the use of Betonmarkets platform.

I hope this has helped. Regards PJ.
 
PeterJensen said:
Thanks for your question lovenlust72,

Prosperity Group International have been in contact with Betonmarkets and have enquired about the sudden change in percentage return. Their initial reply was:

“Good morning.
>
> The pricing levels for intraday should approximately lie between 85% - 90%,
> but occasionally the pricing levels move out of this range (either way) due to
> variety of reasons.
> At the latest by tomorrow, you should see the returns moving back to their
> normal range, as our pricing team is currently updating the system.
I will keep you posted on the outcome. This should only be a TEMPORARY set back from BETONMARKETS.

.
Click to expand...

I recieved a different reply from them on 01Feb10

'Since the end of December 2009, we have been adjusting our bet prices to
better reflect the current market situation and market risk, specifically for
our boundary bets, which we felt were under-priced.

At the same time we felt that the prices of certain Intraday bets were
slightly overpriced, which we are currently adjusting downwards.

Generally speaking, from time to time, we adjust our bet prices to stay in
line with the market situation and market risk. These adjustments can go
either way.
Best regards,

Charisse Bartoli
Customer Support Officer
BetOnMarkets.com'

I noticed that if you bet about 30 minutes prior to the bet starting it gives up to an 85% return and that amount drops the closer you are to the bet time. It is currently normally 80% around the time we make bets (5-10 minutes prior to bet)
I have not seen a return above 85% for betting within an hour of the start time. Maybe it is higher if you bet outside that time frame but that still doesn't help us at all.
 
lovenlust72 said:
Since May09 85.45%
Since Nov09 90.37%
Since Jan10 89.74%
Missing the result of the alert 09Feb US Comp
Click to expand...

Sorry, I wanted to know Peter's view on the current strike rate. I'm sure he will say 96% because that's what they currently tell me over the phone. :rolleyes:
 
daoutlawz said:
Sorry, I wanted to know Peter's view on the current strike rate. I'm sure he will say 96% because that's what they currently tell me over the phone. :rolleyes:
Click to expand...

Hi daoutlawz,

We are trying to convey as much information to our current traders as possible, and as such we are now posting our Index Trading alert results on our Prosperity Group International website at www.pgi.net.au. You can find the results for February so far at http://www.pgi.net.au/pgi-index-trader-alert-results-february-2010. We post these results daily whenever possible, so you can check them out in case you've missed any. Regards PJ
 
PeterJensen said:
Hi daoutlawz,

We are trying to convey as much information to our current traders as possible, and as such we are now posting our Index Trading alert results on our Prosperity Group International website at www.pgi.net.au. You can find the results for February so far at http://www.pgi.net.au/pgi-index-trader-alert-results-february-2010. We post these results daily whenever possible, so you can check them out in case you've missed any. Regards PJ
Click to expand...

Thanks Peter,

But you aren't really showing anything on your site except for how many alerts are going out, the concern here is not the amount of alerts, but the amount of quality alerts.

What you should do is also post which ones went good and which went bad and in what hour.

I could build a page which shows hundreds of alerts, yet what would be the point if none of them came through on a positive?
 
If you had strong trading performence surely you would show the actual results.. your link doesnt show the P&L... why not ??
 
daoutlawz said:
Thanks Peter,

But you aren't really showing anything on your site except for how many alerts are going out, the concern here is not the amount of alerts, but the amount of quality alerts.

What you should do is also post which ones went good and which went bad and in what hour.

I could build a page which shows hundreds of alerts, yet what would be the point if none of them came through on a positive?
Click to expand...

Hi guys,

In regard to 'the amount of quality alerts' being sent out, you will find the results in the last column of the table entitled "No. of Trades". Meaning, if there is a No. 1 in that column then the trade was successful in the first hour. If there is a No. 2 then the trade was successful in the second hour etc. I'm glad you brought that up as we didn't realise it wasn't clear enough. In terms of how much profit is being made, that is up to the individual and how much they wish to outlay on each trade. Bet On Markets allows trades of anywhere between $1 and $25,000. Regards, PJ.
 
So 3+ would indicate a loss as per the current strategy?

A suggestion for people who know nothing about your company and nothing about trading or aren't currently signed up for the system (like myself) would be better to actually post screenshots/scans of a demo BOM account that a staff member is using to conduct trades as per the strategy. This way we are more certain that the figures are not 'made up'. And you could post this up alongside your current table so it's easier to follow and it can marry up.

Also, keep it ongoing, you have a blog so use it to post up figures for every month that passes. This not only keeps your site updated but also as a subsequent keeps your site refreshed in Google, so you'll get more hits. There is really no point in just showing patches of months, and indeed patches of good months. Be realistic and honest.
 
Daoutlawz, settle down. The alerts do show whether they won or lost. I'd prefer the 3+ to show the hour it came in but at least it is there. This is something that PGI were not previoussly doing at all so it is a good step forward for them. Those of us that have been around longer can appreciate that it is something that many people thought were being hidden from the public. It is good to see them come clean and post results.
Yes it would be good if there was a trading account that was public view. PGI did previously have one on display but stopped after the 2nd one went bust. But fair is fair and I agree it would be good to have. There may have to be a couple though because some people on different levels of membership get different alerts.

The monthly figures, I have already suggested a table for them and they have only just started posting them so give them a little leeway to get it sorted out a bit. Sure it shouldn't take much to implement and could easily be achieved in a day, but having said that they have the alert results now and that is a good start.
I can vouch for the figures although I had one result different and am checking that out.
Peter can you tel us what you do within the company?
 
lovenlust72 said:
Daoutlawz, settle down. The alerts do show whether they won or lost. I'd prefer the 3+ to show the hour it came in but at least it is there. This is something that PGI were not previoussly doing at all so it is a good step forward for them. Those of us that have been around longer can appreciate that it is something that many people thought were being hidden from the public. It is good to see them come clean and post results.
Yes it would be good if there was a trading account that was public view. PGI did previously have one on display but stopped after the 2nd one went bust. But fair is fair and I agree it would be good to have. There may have to be a couple though because some people on different levels of membership get different alerts.

The monthly figures, I have already suggested a table for them and they have only just started posting them so give them a little leeway to get it sorted out a bit. Sure it shouldn't take much to implement and could easily be achieved in a day, but having said that they have the alert results now and that is a good start.
I can vouch for the figures although I had one result different and am checking that out.
Peter can you tel us what you do within the company?
Click to expand...

Hi lovenlust72,

I have just recently joined the Public Relations team at PGI. As the company has grown very rapidly in the last few years there are some necessary changes we have to implement in order to keep up with our rate of growth. Due to client requests we are now posting the Index Trader alert results on our website as you know, and are always open to other suggestions from our clients. Afterall, our clients are at the heart of our business. Please always remember we are here to help you in your trading success in whatever way we can. The reason for my presence on this forum is to be able to provide information and better access to PGI via the web, for our valued clients, such as yourself.

Best Regards, Peter Jensen
 
daoutlawz said:
So 3+ would indicate a loss as per the current strategy?

A suggestion for people who know nothing about your company and nothing about trading or aren't currently signed up for the system (like myself) would be better to actually post screenshots/scans of a demo BOM account that a staff member is using to conduct trades as per the strategy. This way we are more certain that the figures are not 'made up'. And you could post this up alongside your current table so it's easier to follow and it can marry up.

Also, keep it ongoing, you have a blog so use it to post up figures for every month that passes. This not only keeps your site updated but also as a subsequent keeps your site refreshed in Google, so you'll get more hits. There is really no point in just showing patches of months, and indeed patches of good months. Be realistic and honest.
Click to expand...

Hi daoutlawz,

You can find our Index Trader alert results on our blog at this link http://blog.pgi.net.au/pgi-trading-results/. These figures are now also being posted on our official PGI website, you can find them at this link http://www.pgi.net.au/results. We are posting them daily whenever possible.

If you need any other information please let me know and I will get the appropriate department to give you a call in person. You can leave me a message on this forum with your contact details if you like, otherwise please feel free to call PGI on 1300 146 339.

Best Regards, PJ.
 
Evening all,

I have done very trading for some time, started again on Monday night as results were starting to look positive, have I made a mistake??
 
clickhere, I could give you references to probably 18 people that have lost money with PGI but I wouldn't be able to give you 1 that has made money using the system. From that you should be able to form an opinion
 
I love the 'testimonials'.

Trouble is they're the same as almost everyone elses, ie they read like they were written by the marketing department................
 
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