# Paperex

> Paperex is a free crypto trading simulator. Practice spot and leverage (paper) futures trading with real-time market data, a live economic calendar and AI price forecasts — using virtual money, with no login, no sign-up and no real funds at risk.

## What it is
- A risk-free, educational crypto **trading simulator** (paper trading).
- Not a real exchange and not affiliated with Binance. Uses public market data for learning only.
- All balances are virtual. No real money is ever deposited, traded, or withdrawn.

## Why Paperex is different
- **No login, no sign-up, instant access.** Open the site and trade immediately — a demo account with virtual funds is created automatically. No email, password, or KYC.
- **Economic data + market intelligence in one place.** Beyond charts, Paperex bundles a live economic calendar, market news, derivatives flow, whale activity, order flow and liquidity depth — the kind of context most simulators omit.
- **Actionable, profit-oriented information.** Real-time data is paired with AI forecasts and a transparent quant signal so you can learn to spot and practice profitable setups (educational only — not investment advice).

## Features
- Real-time crypto prices, order book, and trade tape
- Spot and leverage (paper) futures trading on a real matching engine
- Live economic calendar (CPI, rate decisions, jobs) with market impact and a countdown
- Market news feed
- Live liquidations, funding rate, open interest, and long/short ratio
- Whale-trade tracker (large orders of $50K or more)
- Order flow (CVD) and liquidity-depth analytics
- AI-powered price forecasts and a transparent quant signal (momentum, trend, RSI, funding, crowd)
- Per-coin AI buy/sell/neutral signals

## Key facts
- Price: Free
- Login / sign-up: Not required — instant access with an auto-created demo account
- Real money: Never — virtual balances only
- Differentiators: no-login instant access; an integrated economic calendar and market-intelligence suite; actionable AI forecasts and quant signals to help users learn to find profitable trades
- Audience: Beginners learning crypto trading, active traders wanting a risk-free intelligence + practice cockpit, and developers exploring how a matching engine and order book work
- Data: Public market data, shown for educational purposes only

## Daily AI market briefing
- Paperex publishes a free **daily crypto market briefing** written by AI from live data: price action (BTC, ETH), derivatives positioning (funding, open interest, long/short ratio, taker flow), whale activity and liquidations, plus the economic calendar and headlines. Updated every day; available in English, Korean, Chinese and Japanese.
- Today's briefing: https://paper-ex.com/today
- Archive (all past briefings): https://paper-ex.com/today/archive
- RSS feed: https://paper-ex.com/today/feed.xml

## Learn (guides & glossary)
- Plain-English guides to order books, funding rates, liquidation & leverage, and order flow (CVD), plus a trading glossary: https://paper-ex.com/learn/

## Links
- Home: https://paper-ex.com/
- Daily briefing: https://paper-ex.com/today
- Briefing archive: https://paper-ex.com/today/archive
- Learn: https://paper-ex.com/learn/