Do you use Barchart services to get commodity prices? Then you should read this article and get to know these other options for commodities prices API for you to use!
It may be tough to keep up with shifting prices, especially when you have to manually check each move and make your own trading decisions. You cannot just sit back and wait for the price to fall, hit support or resistance levels, or cross a breakthrough. To acquire or sell your product, you must move quickly and wisely.
Understanding the present market price and where it is likely to go can help you become a better trader. Conventional stockbroking strategies have the disadvantage of requiring you to continually monitor market prices to ensure that they do not deviate too much from your projected range. Nevertheless, for those who have other commitments or responsibilities outside of their business, this isn’t always possible.
Barchart is the most accurate organizer of worldwide actual commodities pricing. We engage with our partners to increase transparency in the global Ag, Energy, Food, and Freight industries. As a result, many traders use Barchart to collect data directly from prominent financial markets and offers mission-critical market data to the IQBroker platform that Barchart employs. An IQBroker is a cutting-edge trading tool for backtesting and executing trading techniques in stocks, futures, and FOREX.
But despite everything, no platform is perfect. Barchart has had moments in which his statistics bars are not 100% reliable and this, in the world of economics, can bring great economic problems to any investor.
That´s why we bring you these alternatives to Barchart software programme. Like Barchart, they´re all APIs that works using a open-source code that provides their clients for reliable market data about commodities and their rates in real-time and with different types of currencies:
Commodities-API
Commodities-API Its extensive API gives market pricing for a variety of items such as wheat, rice, coffee, and sugar. To subscribe to the database, visit the website, obtain an API key, and then choose the relevant currency and commodity. That’s all there is to the API; everyone may do whatever they desire with it. The Commodities-API may supply material in any currencies you require, to within two decimal points, from a list of over 170 options. Customer can create up to ten thousand API requests each month and receive data updates every 60 seconds.
CommoPrices
The API provided by CommoPrices allows customers to access the prices and values of over 10,000 commodities and indexes. The data may be updated daily, weekly, or monthly, depending on the source. The amount of data available determines a company’s versatility. Those interested in commodities should visit www.api.commoprices.com
Trading Economics
Trading Economics provides real time data streaming for government bonds, stock indexes, stock prices, and foreign exchange rates. Thousands of enterprises can indeed receive basic economic means. Consumers get direct to the information through an application programming interface (API) that is available in a variety of programming languages. You may check an earnings calendar, download millions of rows of historical data, and subscribe to real-time quotes from world monetary markets using this API.