Currency futures are standardized, exchange-traded contracts with centralized pricing and expiration. Retail spot forex is an over-the-counter market whose pricing and financing depend on the broker.
| Venue | Exchange vs. OTC |
|---|---|
| Expiration | Futures: yes |
| Pricing | Central book vs. dealer network |
How it works
Futures publish contract sizes and tick values; spot FX commonly uses lots, pips, and rollover financing.
- Define the contract and expiration month
- Convert the price move into points and ticks
- Multiply by the contract's verified point or tick value
- Account for fees, liquidity, and risk limits
Worked example
Both can express currency views. A two-contract position moving 10 ticks changes by 20 total contract-ticks. The dollar result equals those contract-ticks multiplied by the product's tick value.
Risk and common mistakes
Compare liquidity, sessions, financing, counterparty structure, and regulation.
- Confusing margin with maximum possible loss
- Using the wrong micro or E-mini multiplier
- Ignoring expiration, maintenance breaks, or economic events
- Sizing from desired profit instead of predefined risk
Use the related calculator
Model the contract values and risk with your own inputs before planning a simulated trade.
Open calculator →Frequently asked questions
What is the most important point about futures vs. forex?+
Currency futures are standardized, exchange-traded contracts with centralized pricing and expiration. Retail spot forex is an over-the-counter market whose pricing and financing depend on the broker.
Is this information personalized financial advice?+
No. ORIVECT Education provides general educational information. Contract selection, leverage, and risk decisions require your own judgment and current official documentation.
Where can I verify the current contract specification?+
Use the official exchange source linked from the relevant ORIVECT market reference page. Trading hours, margin, and holiday schedules can change.