FTP, or File Transfer Protocol
is a popular method of transferring files between two remote systems.
SFTP, which stands for SSH File Transfer Protocol, or Secure File Transfer Protocol, is a separate protocol packaged with SSH that works in a similar way over a secure connection. The advantage is the ability to leverage a secure connection to transfer files and traverse the filesystem on both the local and remote system.
In almost all cases, SFTP is preferable to FTP because of its underlying security features and ability to piggy-back on an SSH connection. FTP is an insecure protocol that should only be used in limited cases or on networks you trust. An example of an untrusted network would be Public Wifi.