Actually Matt Wavepad does not have the many features audacity has. Audacity is easier to use and you can multi track. Every time you hit the record a new track is laid down. All tracks can be muted so you need only play back whichever ones you want. You can edit and mix tracks to your hearts content. Cut and paste is easy. You can also import and mix any .wav files from your pc and then edit them together and export the project as a .wav or convert it to a Mp3 you need to download lame Mp3 converter but that is free as well. Audacity provide a link. I do not understand why you cannot or will not use this program. It is a legit program from a company called Sourceforge.
I have Cubase sx3 as well but use audacity sometimes cause it is quicker to set up. I also suggest that folk read the other posts on the link Letha gave. This is very educational and may help you understand the process step by step.
Matt You keep using a term play by hand. Could you please explain what you mean by this as I am unfamiliar with the term and cannot think what exactly you mean.

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