ALWAYS use top quality 3M wet & dry. Cheaper alternatives don't have the grit consistency, some of the grit is oversize leaving scratch marks.
Farecla profile 400 is a compound, not a paper.
FWIW, if it is badly oxidised, do the wet & dry first. Just compound won't give a sufficiently good results.
When finished polishing, wax with a hard carnauba based wax - e.g. Jonny Fullers favourite simoniz original.
If it's wipe on wipe off wax, it won't last.