In this episode, we demystify futures and forwards, two essential financial instruments used for hedging and speculation in the markets. We’ll explain the fundamental differences between these contracts, including how futures are standardized and traded on exchanges, while forwards are customizable and typically settled over-the-counter. With insights from market experts, we discuss the practical applications of each, their risk profiles, and how they can be used to manage price fluctuations in commodities, currencies, and other assets. Whether you're an aspiring trader or just curious about these financial tools, this episode provides a clear and accessible overview of futures and forwards.