So simply give me a thorough beginners guide to what trading is and how to operate this simulator. Also do I choose my account type in this simulator?

Here is the comprehensive beginner's guide to trading and using the paper trading simulator. 1. **Understanding Trading**: Trading refers to the practice of buying and selling financial instruments such as stocks, bonds, or currencies with the objective of making a profit from the price movements. It requires a thorough understanding of market dynamics, technical analysis, and risk management. 2. **Starting with Paper Trading**: Paper trading is a simulated trading environment that allows you to practice trading without risking real money. It's a safe way to learn the mechanics of trading, test your strategies, and gain experience in a risk-free environment. 3. **Using the Simulator**: To begin using the paper trading simulator, follow these steps: - Log in to your Ainvest account. - Navigate to the paper trading section. - Choose the type of account you want to use: paper trading or live trading. - If you select paper trading, you'll start with a virtual balance of $100,000. - If you choose live trading, you'll need to have a real account with sufficient funds. - Once you've selected your account type, you can begin trading by entering buy and sell orders. 4. **Trading Operations**: To operate the simulator, you can: - Enter and exit trades. - Monitor your portfolio's performance. - Adjust your strategies based on market conditions. - Keep track of your profits and losses. 5. **Account Types**: In the simulator, you can choose between a paper trading account and a live trading account. A paper trading account is used for simulated trading, while a live trading account is used for real trading with actual money. 6. **Virtual vs. Real Money**: While trading in the simulator is virtual, it mirrors real trading as closely as possible. You can experience the same market conditions, price movements, and trading mechanics. However, it's important to note that paper trading lacks the emotional tension and the financial risks associated with real trading. 7. **Benefits of Paper Trading**: Paper trading provides a safe environment to: - Learn trading basics. - Test and refine your strategies. - Adapt to market conditions. - Practice using different trading tools. 8. **Drawbacks of Paper Trading**: While paper trading offers numerous benefits, it also has some limitations. For instance, you may develop a false sense of security since there's no real financial risk. Additionally, the experience may not fully replicate the emotional aspect of real trading, which can be an important factor in making successful trades. By following this guide, you'll be well-equipped to start trading in the paper trading simulator and gain the skills and confidence necessary to transition to real trading.