Warren
Trading Modes
Choose how you want to interact with Warren: paper trading, live trading, or demo exploration.

After selecting strategies, you choose how you want to interact with Warren. Current trading modes:
- Live Trading
- Paper Trading
- Demo Environment
Paper trading
Paper trading lets you:
- Simulate execution
- Evaluate strategies
- Monitor performance
- Explore Warren without risking real capital
Paper trading currently uses:
- Live market data
- Simulated capital
- Runtime monitoring
- Real-time strategy behavior
No real funds are used during paper trading.
Live trading
Live trading allows Warren to execute strategies using your connected exchanges. Live trading requires:
- Exchange connection
- API authorization
- Capital allocation
- Strategy activation
You remain fully in control of:
- Exchange permissions
- Allocation boundaries
- Execution limits
- Strategy runtime behavior
Demo environment
The demo environment lets you:
- Explore the platform
- Browse strategies
- Understand workflows
- Navigate Warren without connecting an exchange
Demo is the friction-free path if you want to look around before authenticating an exchange.
Next: Capital Allocation
