Do you want to trade in the vast Forex Market? If so, an FX API is your solution!
More commonly known as foreign exchange trading or simply FX, it is the simultaneous buying of one currency while selling another. For example, a trader would buy euros using US dollars at the prevailing exchange rate. Then, when the value of the euro strengthens relative to the US dollar, the trader can sell their position for a profit.
How to benefit from the current forex market
The Forex Market has become more accessible resulting in an unprecedented growth in online trading… The new world order has been established: “No longer will your broker be your sole link to the Forex Market – now you too can trade directly”.
Furthermore, the FX market is open 24 hours a day, 5 days a week. This allows you flexibility in timing your trades; because you are not restricted to certain market hours before you can buy or sell currencies. This also makes it possible to use automated systems to be updated on your behalf; even while you are asleep.
Now, a foreign exchange API can significantly improve the efficiency of your work as a forex trader. Let’s see how:
Why use a foreign exchange API?
The best way to keep up with constant change in the forex market is by using a reliable forex data provider that updates its rates automatically, so you don’t have to worry about doing it yourself. A reliable data provider will ensure that:
- Your trading platform always has accurate information at all times;
- Your trading decisions are based on real-time data rather than outdated figures; which could cause you major monetary loss in the near future.
Now, if you want the best of the best for your trading; we recommend you: Exchangr API
Exchangr is your ideal Forex API
Exchangr API allows users to access current and historical rates through a programming interface. Making this a tool for foreign exchange rates and currency conversions. It’s data is collected froma range of trustworthy sources and banks. As a consecuence, you will have direct connection to data of about 164 currencies, and 8 cryptocurrencies. This information will be updated frequently, at intervals ranging from one hour to one minute.
Altogether, Exchangr is a platform that helps traders perform their tasks better and quicker. They can easily access updated information about currencies around the world through it; and this API can assist them in determining where and when to trade in order to profit from the always altering FX market!
Exchangr’s team understand that it’s important for you to understand what is happening out there if you’re going to invest. So they will gladly help you with your needs!
Use Exchangr API and benefit now
How? It’s very simple. Exchangr is ideal for anyone because it’s not difficult to use at all. To begin, please sign up. To do so, click here; this is completely free and does not require the use of a credit card. After that you’ll get one-of-a-kind API key., that you may use to access Exchangr’s endpoints. Pick the currencies or cyrptocurrencies you want to convert, or obtain rates. And finally, make the API call, you can follow this API Documentation (click here) to learn how to execute it.
And, that’s all there is to it! In seconds you will get what you asked for. In addition, for Exchangr’s free plan, you can also get:
- 250 API Calls /month
- Support
- Frecuent Updates
- Historical Data
- All Base Currencies
- Endpoints: Conversion – Timeseries – Fluctuation
As you can see, the cost and benefits of Exchangr’s are incredible! But there is more, you can choose between using this Plan that is $0 per month, or pay only $10 per month for advanced API access, features and privileges! See Exchangr’s Pricing for yourself here.
So, are you ready to trade in the most cost-efective market in the world? Yes, you are, with the assistance of Exchangr API!
Related post: How Can You Leverage Forex APIs To Offer Currency Conversion
Also published on Medium.