What is the best way to trade currencies? There are many ways of trading, but what is most important for you to know before getting started with forex trading is how to identify buy and sell signals. What do these terms mean? The phrases “buy” and “sell” in forex refer to the act of purchasing a currency based on its exchange rate currently being offered. When buying, you expect that an increase in demand will lead the price of a currency higher than it was when purchased. Sell refers to selling your currency at a time when there’s less demand for it so that you can make some profits from your previous purchase. Forex traders use these simple methods every day!