Tradermade’s Forex Data API helps establish a connection with the data vendors’ servers to access live and historical forex market data. Is this the only benefit forex data APIs provide? If you are new to forex trading, you may not be aware of numerous other things foreign exchange rates APIs help achieve.

This article takes you through some actualities and unknown uses of currency data APIs that people new to forex trading may not be aware of. Keep reading to reveal interesting facts about the origin of forex data and some uncommon uses.

Forex API Origin: Interesting Facts

It is fascinating to know the source of forex data and why the rates obtained from reliable forex rates API differ from retail rates. Let’s uncover some more surprising facts:

1. The Source of Forex Data

2. Different from Retail Rates

3. Latency

API Forex: Commonly Unknown Uses

4. Internet of Things (IoT) Transforms The Way Data is Consumed

5. What Node Operators Do

6. Market Makers in Forex

7. Non-Custodial Trading & Wallets

The article throws light on some less-known aspects of API for forex. We hope that you find the details useful. Choose Tradermade as your market data partner to get reliable and accurate live and historical forex data through REST API, WebSocket, and FIX, as per your technology needs. Read the full blog on Tradermade.