Are you looking for reasons to implement an API to watch and analyze stock prices? Well, in this post, we have prepared an analysis of why you should use this API for your business purposes. Also, we will give you some features of this system! You should definitely read this post about this Stocks API!
Within the financial world, there are various practices that could help you achieve financial liberty. The purchase of shares is a public option that does not require large capital, and that can put your money to work. Stocks are financial assets that represent a portion of a company’s share capital. Each person who acquires a share becomes a partner and has duties and rights over the company. Depending on the number of shares held, it will be possible to exercise the right to vote at the shareholders’ meeting, receive dividends, request information about the company’s situation or sell their shares.
Through public markets, millions of people around the world are shareholders of companies. For example, if a company dedicated to the food sector, such as a taqueria, decides to sell its shares on the stock market and you buy some of them, you become part owner of the company. Keep in mind that being a shareholder, you own the future cash flows, that is, the amount of money that a company generates over a period of time, this income is used to pay owners of shares or creditors. What you receive will depend on the percentage of stocks you own.
Currently, there are many APIs that offer services to more accurately analyze the value of shares. And one of those amazing APIs is Stocks API! This API provides tools to its clients and is currently widely used by many entrepreneurs. If you are interested in using Stocks API, we will give you the reasons about you should use this API!
Reasons to employ the Stocks API!
Suppose you want to trade using the intraday strategy. For people who are not familiar with this word, intraday is an investment strategy that involves opening and closing positions before the market closes. As a result, investors who use intraday trading do not usually keep positions open overnight, as they close them during the afternoon, and reopen them the next day. Day trading is a short-term strategy that aims to profit from small price fluctuations during the day, rather than long-term market movements. Thanks to Stocks API you will be able to obtain the prices of a stock, between a certain period of time, which can be 1 minute, 5 minutes, 10 minutes, 15 minutes. Just choose the update frequency and you will receive the opening and closing prices.
If you don’t remember the stock symbol, you don’t need to use Google. In Stocks API you will have all the tools you need! You just have to use the Search Symbol Endpoint, and with a very quick search, you will find the symbol of the company you are looking for.
Also, Stocks API has the best prices on the market! Finding stock prices has never been so cheap thanks to this platform! For now, there are 4 plans available. They all include a premium service, the only difference is the number of requests. A more expensive plan will give you more requests to update stock prices. If you want to contact someone from Stocks API, just send an email to “[email protected]” and they will give you a quick response.
Also published on Medium.