Forex Magnates is two years old!

Who would believe that today marks a second anniversary for Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates. Yes Forex Magnates is two years old today - April 26th, 2009 was my first post here, naively announcing the begging of this site :) I guess some businesses start this way.

Without reminiscing too much I can say that I'm more than proud with the long way that this website has gone in these two years - from just another PR republishing site to a well regarded independent industry news and analysis source. My earliest followers know that over the years this site has gone through some major changes and even some rough patches as some people tried to stand on the way to its success. Who can forget the several occasions of this domain being hijacked and all traffic redirected to a Japanese porn site? Gathering the feedback I received back then I can now tell you that some people enjoyed this hijacking more than they should have and even used me as an excuse - "it's not me, it's Michael Greenberg!"... These days are hopefully gone now and this site is now running on a very secure and stable server with daily backing and whatnot.

Today also marks the first day of a major shift that Forex Magnates is going to go through - turning more professional. First of many moves that are to come is the release of the first Forex Magnates Retail Forex Industry Quarterly Report. Over the coming months it's going to be made more and more professional, analytical and in-depth, featuring original articles and analysis found nowhere else. Just like everything that you read here it's not a descriptive babble of words but rather straightforward and highly useful publication which can and should be used by many market participants. Pricing itself is very low, as many of my colleagues have already pointed out, but I've made it this way for several reasons such as allowing accessibility by as many people as possible and a way to introduce this new publication to the market. There's of course much more to follow from Forex Magnates and will be announced in the coming months.

I don't like writing much about myself so I think the above is more than enough. I've gone ahead and asked some friends and active followers of this site to contribute their opinion which is found below. I thank them for loyal following and for taking the time to contribute a quote.

"I want to congratulate Forex Magnates for its second anniversary. Without any doubt, Forex Magnates has changed the retail Forex industry landscape for good. The site represents a breath of fresh air for those involved in this industry as you can rely on the site to get unbiased and trusted information about the latest goings in the industry. For me Forex Magnates is a site of reference and I check it every day to be on top of developments in our industry. Keep up the good work."

Francesc Riverola, CEO and Founder at FXstreet.com

"Forex Industry = Forex Magnates. From the very beginning, Michael Greenberg's Forex Magnates has become The authority for the forex industry. Michael knows everything going on behind the scenes. He shares not only the information, but also his sharp analysis of the news and provides insights regarding future developments. I am sure that the site will continue growing as it constantly does in terms of visitors (which are not only industry insiders) and in terms of the topics covered. Great job. Keep it up!"

Yohay Elam, Founder ForexCrunch.com

"ForexMagnates has quickly become a very useful industry website. Michael's articles are often insightful and informative. They provide frequent news and commentary on developments relevant to the forex markets".

Sanjay Madgavkar, Global Head of Margin Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trading at Citi

"In the past two years I have found the most valuable news about our industry on this blog and to my surprise, this guy sometimes knows more about Saxo Bank than I do. Forex Magnates has become an industry force that I am looking forward to following in the future."

Kasper Elbjorn, Head of Group Public Relations at Saxo Bank

"It surprised me to realize Forex Magnates is only two years old. The fact this has become one of the go to sites for both retail and institutional forex professionals is a testament to Michael Greenberg's depth of knowledge and ability to foster a community. I have no doubt with the same guidance at work that this site will keep growing for a long time."

Paul Jeszenszky, Head of Marketing at OANDA