There are a lot of ways to redirect traffic from one domain/website to another. The so-called URL redirection is frequently preferred. In contrast to parking a domain address, a URL forwarding can be done only if the domain in question is hosted. What this means basically is that you may still open any content in case you have a direct link to it and you could set up e-mail addresses or subdomains and use them. This type of feature has several practical uses - if you want to switch your domain, you could redirect the site visitors, but the e-mails with the old one shall still be active in case you are communicating with clients or partners. In case you have two very similar Internet sites and you would like to rebuild one of them, you could forward the traffic to the other website to avoid losing potential clients, while you shall still be able to access the administration area for the first website and work on it.