What are the differences between CFDs and Futures?

From aaatrade.com

When it comes to futures and CFDs, many beginner traders confuse these two types of assets and it is important to clarify the differences between what a future is and what a CFD is. A future, for instance, is a contract for the acquisition and exchange of goods with a future set date at a future set price. On the other hand, a CFD is a financial instrument that forecasts the price difference between the contract and its closing. The Future can be speculative or can be hedging. If it is hedging, that means that in the end, a trader will want a positive outcome, and if it is speculative then that means the trader will ... (full story)