Are you looking to obtain stock market data? If you are having a lot of trouble finding them, we will give you a solution. Did you know that there is a system or better said, an API that will help you with this? In fact, this commodities rates API is the best in its function.
The tangible items that can be traded or exchanged are what we mean when we talk about commodities. Since they are unprocessed and have not through a production process, they are typically items utilized as raw materials for the development of other more refined products. Commodities are significant because they are highly valuable elements of international trade. The majority of these ingredients are natural resources, but there are many others that, after experiencing high demand, started to be produced generically and were introduced to the market as new products.
The following are some of its primary traits: Commodities are influenced by outside factors or market factors. For instance, droughts, poor harvests, wars abroad, economic blockades, etc. However, despite this, they are seen as profitable and secure investments because they are necessary goods with continual demand. Anyone interested in trading commodities should be aware that there are two different markets where they might do so: the spot market and the futures market.
Many commodity exchanges solely focus on a few commodities, not all of them, to show the price. As a result, solutions like Commodities-API are crucial because this system is compatible with a variety of products. In this way, it does not matter what product it is, natural gas, Brent or WTI oil, lumber, soybeans, corn, wheat, live cattle, lean pigs, rice, or coffee, among many other products. Having the prices of an infinity of products on a single platform is much simpler than having to hire several services.
Why should you use Commodities-API?
Commodities-API is an API, as its name suggests. That is, it is an acronym for application programming interface and designates a communication interface between two software applications or systems of various types. You will be able to update commodity price information every minute with the help of this outstanding technology. All of this information was acquired using 15 trustworthy data sources, including banks and financial institutions, which attested to the accuracy of the data. The prices are additionally offered in real-time, with a frequency of up to 60 seconds, and with a 2 decimal place precision. In other words, you will get current prices and be able to evaluate the data to determine when is the greatest moment to invest with the aid of these tools. You can do this to save time and money.
We advise carrying out the actions listed below in order to view stock market prices:
1- Start by visiting commodities-API.com.
2- Create the API key in step 2.
3- Select a plan after registering with your personal information (and financial information if you decide to pay). There are 3 options available, and 2 of them cost between $49 and $99 each. USD price ranges.
4- After completing the aforementioned steps, choose the raw material’s symbols and the legal tender in which you wish to view your prices.
5- After choosing, make the API call.
6-You have the choice of employing the Python or C Language format as a programming language.
Also published on Medium.