1 Forward foreign exchange trading means that both parties agree to trade at a certain time (or moment) in the future at the price determined now. Foreign exchange futures are standardized forward transactions conducted in the exchange, that is, futures contract transactions conducted by both parties in the centralized market by open bidding. The similarities and differences between the two are as follows: the long-term is non-standardized and carried out in different places; For standardization, futures trading is conducted on the floor. In most cases, futures trading is not physical delivery, but reverse trading or liquidation before the contract expires. The purpose of forward trading is to obtain physical objects through trading. The same thing is that they are all scheduled to be closed now and delivered later.