WEBVTT 00:00:01.300 --> 00:00:05.432 Let's turn the labels into a short, useful rehearsal. Our example uses 00:00:05.432 --> 00:00:09.563 Bitcoin priced in dollars, shown as BTC-USD, and ten simulated dollars. The 00:00:09.563 --> 00:00:13.695 market name is real; the practice money and demonstration account are fictional. 00:00:13.695 --> 00:00:17.826 This is an example for learning the controls, not a recommendation to 00:00:17.826 --> 00:00:20.925 buy Bitcoin or to use ten dollars in Live. 00:00:21.425 --> 00:00:25.330 Start with Paper selected and the account information loaded. Note your practice 00:00:25.330 --> 00:00:29.235 cash and whether a Bitcoin position already exists. That starting record matters. 00:00:29.235 --> 00:00:33.140 If you already own some simulated Bitcoin, a later purchase may add 00:00:33.140 --> 00:00:37.045 to an existing position instead of creating a completely new row. We 00:00:37.045 --> 00:00:40.950 want to recognize a change, not assume how many rows should appear. 00:00:41.450 --> 00:00:44.929 On the desktop, open the Coin Universe and locate the available BTC-USD 00:00:44.929 --> 00:00:48.408 market. Read the full pair before choosing Buy. If it is unavailable, 00:00:48.408 --> 00:00:51.888 use our demonstration rather than guessing at a different product. The mobile 00:00:51.888 --> 00:00:55.367 interface has a different set of controls; if this order form is 00:00:55.367 --> 00:00:58.846 not available there, follow the example or use the desktop layout. If 00:00:58.846 --> 00:01:02.325 a control is missing, stay with the desktop demonstration for this exercise. 00:01:02.825 --> 00:01:06.796 The purchase form includes Quantity and Amount in dollars. Quantity means units 00:01:06.796 --> 00:01:10.767 of the asset. Amount means the dollar value used to calculate an 00:01:10.767 --> 00:01:14.739 example quantity from the displayed price. Enter ten in Amount, then inspect 00:01:14.739 --> 00:01:18.710 the quantity and total. Ten dollars of Bitcoin is a fraction of 00:01:18.710 --> 00:01:22.350 a coin. It is very different from entering ten in Quantity. 00:01:22.850 --> 00:01:26.775 Check four things before continuing: Paper is still selected, the pair is 00:01:26.775 --> 00:01:30.699 the one you intended, the action is Buy, and the amount is 00:01:30.699 --> 00:01:34.624 the practice amount you meant. Make sure the practice account has enough 00:01:34.624 --> 00:01:38.548 tradable cash. The displayed calculation helps you review the request; it is 00:01:38.548 --> 00:01:42.473 not a promise that every final execution detail will exactly match that 00:01:42.473 --> 00:01:42.800 estimate. 00:01:43.300 --> 00:01:47.110 Choose Confirm to review the purchase confirmation. Read it again. The final 00:01:47.110 --> 00:01:50.919 action is labeled Yes, Buy Now. It submits the request; it is 00:01:50.919 --> 00:01:54.729 not just another way to inspect the chart. In the demonstration, the 00:01:54.729 --> 00:01:58.538 request is simulated. If you are following along, continue only in your 00:01:58.538 --> 00:02:02.348 confirmed Paper context. You can also stop before submission and complete the 00:02:02.348 --> 00:02:03.300 review without buying. 00:02:03.800 --> 00:02:07.809 After one submission, wait for the response. Do not repeatedly press the 00:02:07.809 --> 00:02:11.817 action because the screen seems slow. Look for the resulting Paper position 00:02:11.817 --> 00:02:15.826 and its transaction record. Compare the market, quantity, timing, and cash change 00:02:15.826 --> 00:02:19.834 with your starting notes. A disappearing dialog alone does not explain what 00:02:19.834 --> 00:02:23.175 happened, and a moving chart alone is not a receipt. 00:02:23.675 --> 00:02:27.335 If you receive an error, read it before changing anything. It may 00:02:27.335 --> 00:02:30.995 concern the request, available cash, data, or access. If the result is 00:02:30.995 --> 00:02:34.655 uncertain, inspect the records before retrying so you do not accidentally repeat 00:02:34.655 --> 00:02:38.315 an accepted request. Describing a clear rejection is a useful rehearsal result 00:02:38.315 --> 00:02:41.975 too. You have learned to separate what you asked for from what 00:02:41.975 --> 00:02:45.025 the app confirmed, without enabling a strategy or entering Live.