Marshmallow Fondant

I have really been wanting to try out using fondant. I tried to do some search on it, and it seems just so complicated. After a long search, I settle on trying to make marshmallow fondant which I think it is the easiest. BUT I am still confused between a lot of variations like sugar paste, rolled fondant, uncooked fondant, poured fondant, etc. I don't really know what are the differences. (-.-''')

But at least, I manage to start some where. Below is the recipe from Sugar Inc. Thanks alot for the step by step instruction. =)

200 g white marshmallows
2 tbsp water
500 g icing sugar
2 tbsp Crisco white vegetable shortening (for greasing of the hands)

1. Melt Marshmallow with water in microwave safe bowl. Microwave on high for 30 sec.
2. Stir marshmallow until fluffy.
3. Add in 1/2 of the icing sugar and mix well.
4. Ensure hands is greased with Criso. Add in the remaining icing sugar and knead the fondant.
(You may add more icing sugar if it is too sticky, add criso if it is too dry)
You may regrease your hand if it get sticky along the way.

You may add the color after step 4 if you are making different color. If you are doing just 1 color, you may add your desired coloring in step 2.

Recommendation: To keep overnight wrapped with cling wrap and put into airtight container before using. Else fondant may be kept in an air tight container wrapped in cling, refrigeration up to months.