Would you like to get the future price of the US markets? Well, in that case, the best option is to implement the excellent service offered by this US futures market API! You will be able to know all the details in the post we wrote! We think this is useful information for you!
Surely, if you are starting to invest in the stock market, you have heard more than a couple of times talk about futures. Futures Contracts are contracts in which the parties agree to make a purchase or sale at a future date in time but at a price determined at the beginning of the operation. For example, a metal seller agrees to sell gold at a certain price on the day of the agreement. Then the transaction will be made on the day of the date. It is a risky market as well as very profitable if it is implemented correctly.
Both agents and clients can trade Futures and Options Contracts with two types of objectives: to cover a price risk by transferring it to others (producers, exporters, importers) or to speculate on the price in order to obtain some profit. With this type of business, what is sought is to reduce the risk involved in the volatility (changes) of prices. A producer who sells copper futures contracts fixes in advance the price he will be paid for the metal from him, thus eliminating the risk that prices will drop when he has to sell the product.
In general, the United States is the country that makes the most of this type of trade agreement. Which is why the US markets are the most important. Therefore, if you want to get the prices, it is best to use this US futures market API called Metals – API!
Get US futures market pricing with Metals – API!
This is the highest-rated API for US futures market data. For example, did you know that this service obtains market data? What this API does is help the investor to connect with the main US markets as well as the markets of the rest of the world. In this way, they can access very reliable and safe prices. Also, if you are looking for a very fast and speedy system, Metals – API is the best!
It is important to clarify that Metals – API offers different prices and plans. There are many differences between each plan. All will allow you to obtain US futures market data. But for example, the Iron plan costs $49 per year and offers updates every 10 minutes. In the world of metals investing, waiting 10 minutes is sometimes a long time. Therefore, the best options are to choose a plan that offers 60 seconds updates. Take into account the number of monthly requests.
Currently, there are 8 endpoints available. Some examples are the Latest rates endpoint, Convert endpoint, Historical rates endpoint, and Time-Series data endpoint, among other options. Choose the option that is right for you. Then make sure to choose USD if you are from the United States. But you could also choose another option if you need one. Finally, do not forget to choose the metal! On the website, you will see an extensive list of many metal symbols, such as gold, lithium, silver, aluminum, copper, iron, and much more.
Also published on Medium.