Both forward market and futures market belong to financial derivatives market, one is on-site trading and the other is off-site trading. 1. Forward trading is essentially a spot transaction, which is only an extension of the spot transaction in time. The object of the transaction is a non-standardized contract reached by both parties through consultation. The most important thing is that there is no restriction on goods, which is equivalent to a forward contract, as long as both parties agree. However, the long-term credit risk is relatively large, and the performance method is generally physical delivery. 2. Futures trading is a standardized contract, which is completed in the futures exchange, and the clearing company acts as an intermediary, so the risk is basically zero, and most of them close their positions through hedging. Because it is a margin transaction, it uses less money.