Share New Research 
Hello Everyone, I'm new to the QC Environment and joined 3 days ago. I would like to clarify a few things before I commit to the QC environment:
- From my readings, to perform local backtesting with custom data and using the computer's CPU and memory can be done on LEAN CLI and I don't have to use QC's cloud resources when doing local backtesting. Is this correct?
- If I have to use QC's cloud resources, I will need to get a backtesting node right?
- In order to perform local backtesting and paper trading on LEAN CLI, I will need a Reseacher Seat and 1 Live Node. Do I need anything else to accomplish these tasks(local backtesting and paper trading)?
Thank you all in advance!
Fred Painchaud
Hi Aaron,
Welcome to QC!
Fred
Aaron Zhi Rong Wee
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
To unlock posting to the community forums please complete at least 30% of Boot Camp.
You can continue your Boot Camp training progress from the terminal. We hope to see you in the community soon!