What is the difference between futures and forex?

Question

What's the advantage to each?

Answer 1

Forex is for foreign exchange of currency.  Futures are a contract to buy and sell at a set date at a set price.  Futures will take you longer to learn and master, which is basically the same for Forex.  Either one will have courses that could help to speed up your advancement of knowledge in either, but for a hefty cost.  With Forex you could also get a auto-trading robot like the Forex Tracer that can run on your computer 24 hours a day and do your trading for you.  There is also an advantage in the fact that you can get a demo account and trade with imaginary money until you are ready to invest any real capital. The Forex Tracer can run on this demo account and you can see if it is something you would want to consider keeping.  With a 60 day money back guarantee it leaves you plenty of time to test and decide.  

Answer 2

Forex is the market where currencies are traded.

Futures are financial contracts obligating buyers and sellers to buy or sell a commodity or financial instrument at a predetermined future date and price.  Futures contracts are traded in commodities, financial indexes, bonds and currencies.  Futures contracts on commodities require physical delivery of the product while financial futures contracts are settled in cash.

Answer 3

Take a look at this it should help!

http://forex.lem4.com

Answer 4

forex trades currency.

futures are derivative contracts on any commodity.

Answer 5

Have a look here:  http://www.netpicks.com

They trade both forex & futures so you can see the differences between their 2 platforms and decide based on which you like better.

Answer 6

The Forex Market is about the exchange of currencies, in order to profit from this market's volatility. When a trader is considering the purchase or sale of a certain currency, he speculates on the possible rise or fall of one currency in relation to the other. The trader can profit by the market's movement whether the market rises or falls. Forex traders analyze the market, using various methods, in order to identify the different trends.

A future establishes the purchase or sale of a certain financial product at a certain price and date which were previously established by the contract. Trading in futures is not about an actual purchase or sale, it is about the speculation of the trends which will establish the future price of a certain financial product. As opposed to the trade in options, in which the trader can choose to fulfill a trade, here the trader is obligated to comply with the terms established within the contract, and buy or sell accordingly.

My broker Finexo offers us a leveraged, online trading in more than 300 types of futures in 21 stock markets worldwide, in which the traders can trade in a selection of financial products: currencies, bonds and commodities such as: gold, silver, oil, gas and coffee among many others.  

Answer 7

Jeffs 410 answer is basically correct!

Asking this question says one major thing.  You are 3 - 5 years away from "trading".  You've got years of hard work ahead of you. Start with stocks..... they're easier to learn.  Read a new book on trading once every 6 weeks...... forever..... It's the only way be successful in any trading!