If you want to kickstart your metals trading journey, try this free API and learn how to do it easily and simply!
Brief Introduction About Metals
Metals are natural substances and the oldest materials used by human societies. The world has grown very much in the last 100 years thanks to metals, and their importance is still increasing. Most of the remarkable discoveries, inventions, and social changes in recent centuries have been driven and enabled by developments in metals technology.
The industrial sector is the most important consumer group for metals, especially for steels, aluminium, copper and zinc. Industrial customers use metals either in their primary form (for example as rolled steel or aluminium plates used in machinery and equipment building) or as processed products (for example pipes made from steel or aluminium wire ).
Taking into account the importance of the metal market in the world, you should be aware that there are several APIs for precious metals rates that you may use. However, not all of them function in the same manner, so you should be cautious about which one you select to avoid wasting time and money.
To assist you, we have compiled the best 2 alternatives and competitors for rates API:
Brief Introduction About APIs
The expansion of applications in recent years penetrated all areas of our day-to-day life. Nowadays, an application is necessary for almost any activity. There are APIs to park in your city, order food or purchase something. Even if you want to reduce time using your cell phone, you have software to help you. The API phenomenon does not escape the world market for precious metals and currencies, so we will tell you how they work.
There are already very competitive companies with a long history in the foreign exchange market. Recently, they incorporated APIs into their operation to meet an expectation that today’s society demands more and more: the immediacy of the answer in front of a specific request. An API on your device becomes an accessible and handy tool to acquire the information you need.
Generally, the more they are used, the more possibilities their developers have to refine them. As a consequence, they can work more efficiently and provide more services. The challenge of metal applications is to improve their supply day by day, but they are part of the future of world economies and private sector investments.
Metals-API
Metals-API has a wide range of possibilities for the number of API calls and its returning data time. You can also upgrade your subscription whenever is necessary. First, you’ll have to downgrade to the free plan; it doesn’t change automatically. When it becomes effective, you can choose the premium option.
It can be rewarding to be aware of special packages regarding the size of your enterprise and its needs as well. If the requirement exceeds the limits of the currents subscriptions available, you can ask for more. On the other hand, if your enterprise’s queries surpass the limitation number, the API allows it until a twenty per cent extra. Beyond that percentage, the service can be affected. In this particular situation, the API can go offline.
READ MORE:
Precious Metals Data Feed: The Best APIs for You – TheStartupFounder.com
Also published on Medium.