> For the complete documentation index, see [llms.txt](https://docs.sniper.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.sniper.xyz/tokens/web-platform/paper-trading.md).

# 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 %}