The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of well over US$1.5 trillion - 40 times the daily USD volume on the American NASDAQ market or 30 times larger than the combined volumes of all U.S. equity markets. The size of the FOREX market now dwarfs any other investment market.

The FOREX market is a cash (or “spot”) interbank market established in 1971 when floating exchange rates began to materialize. The simplest definition of foreign exchange is the changing of one currency for another. There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation.

The most important Forex activity is the spot business between the U.S. dollar and the four major currencies: British Pounds, Euro, Swiss Franc and Japanese Yen. For some speculators, the best trading opportunities are with "the Majors." In fact, more than 85% of all daily transactions involve trading of the Majors. However, the more sophisticated ICMM Corp. traders exploit favorable trading conditions in more than 20 pairs of currencies, giving our clients additional possibilities for profit as well as hedging opportunities that manage risk.

It is important to note that the Forex market is not a market in the traditional sense. There are no centralized locations for trading activity as there are in the currency futures market. The spot FX market is a 24-hour, continuous currency exchange that never closes, with dealers in every major time zone and in every major dealing center offering quotes in two-way markets. Trading occurs over the telephone and through computer terminals at thousands of locations worldwide. Participants in the market consist of five main groups: Central Banks, Commercial Banks, other financial institutions, corporate customers and brokers. The sheer size of this market creates its liquidity. The advantages of huge volume and daily volatility make the excitement of this market unparalleled. With the potential for great profit, there exists the potential for substantial loss. Trading on the foreign exchange individually carries a high level of risk, particularly for inexperienced self-traders, and may not be suitable for all investors.

The professional traders at ICMM Corp., with their years of experience and training, use highly refined risk control techniques, which can mitigate portfolio downside, while maximizing the upside. However, before deciding to trade on the Forex, investors should carefully consider investment objectives, level of experience, and risk appetite. The informed investor should be aware of all the risks associated with foreign exchange trading, and seek advice from independent financial advisors if there are any doubts