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Paper trading is off by default. Turn it on in Settings, Paper trading and two things appear: a PAPER / LIVE switch in the header, and a simulated account with $1,000 in it.

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What is simulated and what is not

The book is real. Prices, depth and the trades going through are the live market. Only your orders are imaginary. Fills, fees and P&L behave exactly as they do live:
  • A resting order fills when the market reaches it, not before.
  • A crossing order pays the venue’s taker fee, at the same rate.
  • The P&L is calculated the same way, from the same numbers.
Paper books are per account. Every account you connect starts with its own $1,000, and you can reset it in Settings whenever the experiment is over.

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Why start here

The gestures are the whole product, and they are quick enough to get wrong at speed. Clicking into a price rather than away from it is the difference between paying the fee and earning nothing; the stake mode changes what a number risks by an order of magnitude. Both are cheaper to learn on paper.