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Learn forex trading, one concept at a time.

Beginner guides to the ideas behind smart money concepts, and the risk habits that go with them. Each page covers one idea: what it claims and where it stops working. Read in any order, or follow the list below.

  1. 014 min read

    What is an order block?

    The zone traders mark just before a strong move, and why it is a model rather than a rule.

    Read the guide
  2. 024 min read

    What is liquidity in trading?

    Why traders talk about resting orders above highs and below lows, and what a sweep is.

    Read the guide
  3. 034 min read

    What is market structure?

    Reading swing highs and lows to describe whether a market is trending or not.

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  4. 043 min read

    What is a fair value gap (FVG)?

    The three-candle imbalance that smart money students mark, and why not every gap gets revisited.

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  5. 055 min read

    Risk management for beginners

    Position size, stop-loss and drawdown: the part of trading that does not depend on predicting anything.

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Ready for the full path?

These guides are the short version. The Aeterna curriculum teaches the same ideas step by step, with exercises and a trading journal. Phase 1 is free forever, no credit card required.