Are you looking for an API to trade in the Forex market? In this post, you will find the answer. You just have to use this Forex Trading API and you will achieve your goal. Are you interested in knowing more about this service? Well, discover all the details in this post! We assure you that we will not disappoint you.
Forex – also known as FX or foreign exchange – is the exchange of one currency for another at an agreed price. It is a decentralized market where the world’s currencies are traded just like an OTC market, which means trades are fast, cheap, and completed without supervisory oversight. Basically, forex trading is the act of speculating on the movement of exchange prices by buying one currency while simultaneously selling another. Currency values rise and fall against each other due to a number of economic, geopolitical, and technical factors.
Forex is a globally operated market, open 24 hours a day, five days a week (Monday through Friday). It opens Monday morning in Wellington, New Zealand, before moving on to the Asian markets in Tokyo and Singapore. Then it moves on to London, before closing the New York on Friday night. Forex is the most traded market, with an average turnover in excess of $5 billion per day. This means that currency prices are constantly fluctuating in value against each other, creating various trading opportunities for investors who take advantage of them.
However, Forex trading has many risks. Without the right knowledge and without the right digital tools (API) you could lose a lot of money. Therefore, we want to recommend you use Get Exchangr, the best tool for Forex trading. In fact, it is the best forex rates API on the entire web!
Get Exchangr is the top-rated Forex Trading API available in 2023!
A Forex Rates API would not be adequate, without reliable information. In this type of business, information accuracy is very important, otherwise, the investor could lose a lot of money. Therefore, Get Exchangr uses reliable sources of information, coming from commercial sources and international banks. In total there are 15 reliable sources, which collect information every minute. Also, you should know that this is the most complete service of all. They offer 164 Currencies and also 8 Cryptocurrencies, a total of 174 foreign currencies. This includes the dollar (USD), Japanese yen, Chinese yuan, euro, and many more.
Get Exchangr currently offers 3 plans, no-cost, growth and Pro. Each plan offers different benefits. The pro plan is the best of all as it offers many unmissable benefits! The pro plan offers 100,000 API Calls /month, Premium Support, 60-second Updates, Historical Data, All Base Currencies, Conversion Endpoint, Timeseries Endpoint, Fluctuation Endpoint, and Currencies Futures. There is even the possibility of contracting a plan with unlimited requests, for businessmen with greater needs.
On the website, you will find documentation with information on how to correctly use Get Exchangr. We advise you to read carefully so that you do not miss any detail! In case you don’t want to read documents with a lot of information, we advise you to use the QuickStart Tool. You will be able to test all API endpoints at the click of a button. If you have questions, contact customer service for more information or technical assistance.
Also published on Medium.