Would you like to invest in New Zealand dollars? Are you looking for the perfect commodity to start investing in the stock market? Read this post to find out how to get started in the world of finance thanks to an API!
A commodity is a basic good, it is a product that is destined for commercial use, and whose most relevant characteristic is that it does not have any added value. In general, it is found unprocessed or does not have any differentiating characteristics with respect to other products found on the market, which is why it is used as raw materials to make other goods. This term originated in the mid-seventeenth century, in Chicago, thanks to the farmers of that place who did business with their crops with different clients.
A well-known commodity is soy, which is the most cultivated and probably the best-selling legume in the world. It is native to China, and it is where it has been consumed daily for thousands of years. It contains a very high percentage of high-quality protein and certain substances that relate soy consumption to beneficial health effects. Its rapid commercialization is also due to the fact that it is a very easy plant to grow.
Due to its rapid cultivation, in underdeveloped countries such as New Zealand, soy production is, although local, one of the most sold products and used for manufacturing of various types, from soy-based products such as milk, products for vegetarians, even medicines, cosmetics and fuel. In this way, the uses given to soybeans in New Zealand benefit the local market with several virtues.
But, for this, local producers must keep abreast of the price and quotation of soybeans in the New Zealand market and in the global market, in order to avoid losing profits or, conversely, doubling production. For this, we recommend Commodities-API.
What Is Commodities-API?
It is an online and open platform that is used to search for the monetization of up to 170 currencies and products, including coffee, rice, corn, cotton, soybeans, among others. The site works through an API, a computer software that is based on uniting its products and services with others without knowing, saving time and money.
How Is The Website Used?
Commodities-API has the particularity of being a very easy to use website. Just follow this guide.
- Create an account on the website
- Obtain an API-key, which is unique and non-transferable for each user.
- Select the commodity (SOYBEAN) and currency (NZD) of your choice.
It Is Safe?
Commodities-API has an SSL (Secure Socket Layer) encryption, that is, a secure connection is provided between the client and the server. It is an internet protocol that allows you to encrypt sensitive data (such as payment information, credit card data) and make it unreadable to third parties. This type of encryption is the one commonly used in banks.
For more details, visit their website.