Domain parking Vs domain forwarding

Domain parking is when you own the domain, but you aren't really doing anything with it. so the registrar lets you park it on their site. Their DNS points to a page on their servers that says 'this site is coming soon..' or something like that.

Domain forwarding is when a server answers to your domain name, but doesn't actually host your content. Rather, they redirect to another server.

To Managing a Domain Name's Forwarded Subdomains in Godaddy:
  1. Log in to your Account Manager.
  2. Next to Domains, click Launch.
  3. Select the domain name you want to add a subdomain to.
  4. Click Forward, and then select Forward Subdomain.

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