In this article we use an exact method to resolve the fields scattered by a spherical magneto-optical particle and calculate the optical forces exerted on it. The resulting force and the contributing components, i.e. magneto-optical gradient force and magneto-optical extinction force, are presented in an analytical form. We also derive analytical expressions for the scattering and extinction cross sections of a magneto-optical particle, expressions which intuitively demonstrate the effect of circular dichroism in magneto-optical scattering and forces. Finally, we demonstrate that the magneto-optical extinction force is the result of circular dichroism in magneto-optical scattering. We show that it is possible to completely cancel the scattering in the forward or in the backward direction, when the incident field is composed of a circularly-polarized reflected beam. Moreover, the directional scattering is interrelated to the direction of the force exerted on the particle.