# Paper Trading

{% embed url="<https://youtu.be/lwM14crKung>" %}

{% hint style="success" %}
Paper trading is way to learn how to trade memecoins with 0 risk. We use fake SOL to simulate the transactions\
\
Great for beginners or experenced traders trying new strategies
{% endhint %}

## Enabling Paper Trading

1. Go to [sniper.xyz](https://docs.sniper.xyz/) on PC or mobile browser
2. Login via **Telegram**
3. Click the Login to Sniperxyz button on telegram
4. Once redirected Enable Paper mode toggle

{% hint style="info" %}
Paper trading is only available on the web terminal
{% endhint %}

## Reset Paper Balance

If you want to reset your balance, no worries\
\
Press the `Reset Balance` button to add SOL to your paper balance

{% hint style="info" %}
Balance resets cost 0.01 SOL per 10 sol added. This is taken from your normal bot trading wallet. There is no charge or txn fees on trading
{% endhint %}


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