WEBVTT

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Before a balance can tell you anything useful, you need to know

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which workspace it belongs to. Think of the label on a folder.

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Two folders can contain similar-looking pages while describing completely different things. TraderLobby's

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account and mode labels help you avoid that kind of mix-up.

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First, find Paper or Live. Paper is the practice workspace. Its trading

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results are simulated. Live refers to the workspace for supported activity involving

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a connected exchange account. A practice balance is not money waiting to

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be withdrawn, and a successful practice trade does not prove that a

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real order would get the same result.

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For this tour, read the current mode without changing it. If you

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are already in Paper, stay there. If you are in Live, you

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can still complete the lesson by looking at labels and using navigation.

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You do not need to switch modes or place an order to

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pass any of these checks.

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Next, identify the exchange connection associated with the Live workspace, if one

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is configured. Look at the provider or account information shown, and use

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API Connections to inspect the connection details when necessary. If no connection

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is selected, treat that as missing account context. Do not assume the

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app has chosen the exchange account you had in mind.

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Paper can also show a reference market source or a delay notice.

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That source tells you where practice market information comes from. It does

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not turn simulated funds into exchange funds. Read the whole label, including

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any timing information, rather than stopping after the provider's name.

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There is one more important distinction. Selecting a workspace and stopping automation

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are different actions. Enabled Live strategies can continue running while you view

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Paper. The app may display a notice explaining this. Moving between sections,

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closing a panel, or returning to Learn does not mean those strategies

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have stopped either.

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Also, the words Live connected on the update indicator do not mean

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that Live trading mode is selected. That indicator describes a connection for

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updates. We will return to it later. For now, use the Paper

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or Live mode label to identify the workspace, and use the exchange

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information to identify the account context.

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Try saying this in your own words: I am signed in as

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this TraderLobby user. I am viewing this mode. The exchange connection is

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this account, or it has not been configured. If you cannot identify

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one of those pieces, pause before interpreting account figures. Finding the missing

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context is progress, not a mistake.