Blog Archive

Thursday, October 22, 2020

news TSLA

 


Auto startups chasing Tesla race past red flags to go public
Ben Klayman, Paul Lienert
Last Updated October 22, 2020, 4:12 AM

DETROIT (Reuters) - Missed out on the Tesla rally but still want to surf the electric vehicle wave?

A stream of EV-related startups backed by blank-check firms are lining up to go public so there's plenty of choice. But like Tesla in the early days, few have products ready to sell or any likelihood of generating significant revenue anytime soon.

Instead, investors will be relying on rosy production, sales and revenue forecasts for new cars, trucks and batteries, all set to be jostling for a slice of markets that will be far more crowded than when Tesla's cars first hit the road.

Take Fisker Inc, for example. It was launched in 2016, just three years after the bankruptcy of its predecessor and early Tesla rival Fisker Automobile.

In July, Fisker Inc announced a $2.9 billion reverse merger deal with Spartan Energy Acquisition Corp, a Special Purpose Acquisition Company (SPAC), and is planning to go public later this year.

It has no revenue and its Fisker Ocean electric sports-utility vehicle (SUV) is at least two years away from production in a project heavily dependent on nailing down deals with partners who will build the car and provide key components.

That's not particularly unique for young companies in the sector looking to use SPACs to go public and bypass the scrutiny of a traditional IPO process, according to company presentations and interviews with executives and investors.

That also didn't seem to be an issue earlier this year when U.S. electric truck maker Nikola Motors used a SPAC to go public. Shares in the company that hopes to generate revenue next year almost trebled after listing on the Nasdaq exchange.

But they slumped when a short-seller questioned whether founder Trevor Milton had made false claims about Nikola's technology, forcing the 38-year-old entrepreneur to step down as executive chairman - and making some investors more cautious.

Nikola and Milton have publicly rejected the accusations and have threatened to take legal action against the short-seller, Hindenberg Research.

"Good storytelling is an important component of being a good founder and entrepreneur - but it better not be the only component," says Evangelos Simoudis, managing partner and founder of startup investor Synapse Partners.

'IT'S A FORECAST'

Fisker Inc's founder Henrik Fisker is well known in the industry, for designing sports cars such as Aston Martin's Vantage, and for his failed EV firm Fisker Automobile that went bust in 2013 after burning through more than $1 billion.

Fisker Automotive missed targets on revenue, pricing, production and sales before the collapse of its battery supplier forced it to suspend production of its Fisker Karma, which first reached customers about two years later than planned and sold for a much higher price than originally announced.

This time around, he is confident he has learned from his mistakes and won't be one of the startups planning to go public that fails to meet investors' expectations.

"A lot of them will not succeed in launching a successful product on time ... that's just a fact," he told Reuters. "The question then is how much are investors willing to forgive?"

He also said Nikola's woes should make potential investors look closer at what they were buying into.

"It probably was a bit of a wake-up call for investors to really dig a little deeper into these deals and maybe think about what are the real costs and effort to take to get a vehicle to market and maybe understand a little more about how difficult and complicated this industry is," Fisker said.

Investors say Fisker Inc shares some characteristics with other young automotive startups, such as a difficulty in raising funds from private investors and optimistic projections for revenue and profits, as well as production.

Its Ocean prototype is a stylish mid-size SUV with a base price target of $37,500 and production set to start in late 2022. It will enter a market that is soon to be crowded by Tesla's Model Y, Ford Motor's Mustang Mach E, VW's <VOWG_p.DE> ID.4 and at least half a dozen other brands.

The Ocean's price target is $2,500 below the ID.4, which goes on sale later this year at just under $40,000.

In its presentation to investors in July, Fisker Inc said it expected to produce 175,000 cars in 2024, earning revenue of $10.6 billion and pretax profit of $2 billion that year.

"This is not only based on the Fisker Ocean. We are planning other vehicles as well," said Fisker. "It's a reasonable, good forecast and at the end of the day it's a forecast. It's not something anybody can guarantee."

"When you're a new car company and specifically when you make electric vehicles, it's almost impossible to really forecast what your sales will be," he told Reuters.

ON SCHEDULE

Bill Rinna, director of Americas vehicle forecasts at LMC Automotive, projects total U.S. EV sales in 2024 will just top 1 million. Tesla could account for half that volume, with GM, Ford and VW taking significant shares as well, analysts say.

Trade publication Automotive News predicts nearly 100 new pure electric and hybrid electric vehicles will go on sale in the United States by 2024.

Fisker Inc boasts an "asset light" business model that is heavily dependent on using partners both for a vehicle platform and a manufacturing plant - neither of which were locked in before it announced its SPAC deal in July.

Fisker also said then it was negotiating with VW to use its MEB electric car platform and related components for the Ocean.

On Oct. 15, Fisker announced a preliminary deal with Canadian auto parts supplier Magna International, which has agreed to assemble the Ocean at one of its European plants and to provide the mechanical platform for the vehicle.

In an SEC filing the same day, Spartan Energy warned investors that Fisker and Magna "have not entered into a binding definitive agreement" to build the Ocean. The filing also noted that Fisker does not have a deal with VW to use its platform and is still negotiating a parts supply deal.

Asked whether the Ocean's production timetable was still on track, Fisker said: "All I can tell you is we are on the time schedule."

SHARE SLIDE

In the wake of Nikola's setbacks, investor concerns about potential red flags for other auto startups backed by SPACs have started to hit the shares of the blank-check companies.

"When you have no product and zero revenue, it comes down to the story that you're telling," said Marc Weiser, co-founder of investor RPM Ventures. "In the case of companies with unproven potential, it's pure speculation - and huge risk."

Nikola shares slumped from June high of $93.99 to just $16.15 on Sept. 24 but since have recovered slightly to $22.24. Shares in Fisker's backer Spartan Energy are at $12.27, down from a July peak of $21.58.

Shares in DiamondPeak Holdings, which is backing Lordstown Motors, are down 33% from their September peak and Kensington Capital Acquisition Corp, which is behind battery maker QuantumScape, are down 45%.

Two-year-old Lordstown Motors hopes to pit its $52,500 Endurance electric pickup late next year against rivals from Tesla, Ford, General Motors, Rivian, Nikola and others.

Lordstown and DiamondPeak told investors in September the truckmaker projects revenue of $3.5 billion and pretax profit of $300 million in 2023.

Ten-year-old battery startup QuantumScape has a promising new solid-state battery cell and financial backing from Volkswagen, but has said it is years away from commercial production and meaningful revenue.

Whether fund managers dangling blank-check deals will pursue a more cautious approach in the post-Nikola environment, despite the potential red flags, remains an open question.

But with Nikola as a cautionary tale, and Fisker sparking additional concerns, some investors have become more choosy.

"We will spend much more of our time and our focus on companies that are already in revenue or ... are soon to be in revenue," Barry Engle, former president of General Motors North America and head of Qell Acquisition Corp, which is evaluating EV-related startups.

(Reporting by Ben Klayman and Paul Lienert in Detroit; Editing by David Clarke)

Wednesday, October 21, 2020

JERRY EXPLORER: Cron 10/21/2020

JERRY EXPLORER: Cron 10/21/2020: 10/21/2020. Market Cap 2.05 B  volume 3M/4M open at 5.68  high at 5.99 low at 5.68 gain+3.33% (0.1891)  5.87 10:51am

How to check the fake website

 Don’t lose your money to online con artists.

 You can use our tips to identify and avoid fake, fraudulent or scam websites. 

Read on to find out what to watch out for when shopping online

Double-check the domain name

A lot of fraudulent websites will use a domain name that references a well-known brand or product name. But won't be the official website. 

For example, website domains such as www.ipadoffers.net or www.discountnikeclothes.com should raise alarm bells. 

You should also be cautious of domains that end in .net or .org, as they are rarely used for online shopping so may have been acquired by questionable organizations.

 encoreinvestment.net

Fairgreen St, Naas East, Naas, Co. Kildare, W91 XN4V, Ireland
Phone: +1 516 441 0947
Email: encore_investment@yahoo.com

 

STOCK TRAND

 

 

Sunday, October 11, 2020

Gettign started in stock trading

 Have a clear understand of why you want to trade a stock 

one of the most important steps in getting started is to understnd why you want to trade stock . Naturally , we all want  to trade stock to make money , but let's dig just bit deeper.

If  you want to trade stock to make 3percent per year on your investment then you may want to rethink stock trading . The reason being is that the objective of stock trading is to get a higher returns than you would normally get . The 3 percent return in our example is less than the annualized return of the S&P from 1993 to 2013 . Those looking for a modest return such as 3percent per year may be better of buying a good mutual fun


Now if you are interested in double digit returns and possibly higher , stock trading can be the vehicle to help you achieve your goals 

How is stock trading different than stock investing ? 

There are a number of ways that stock investing stock trading are different . 

The most obvious difference is in the length of time you stay in a stock transaction investors typically buy a stock and hold onto that stock for years. Stock traders , on the other hand can be in trades for months weeks days minutes , or even seconds . The trader look to take advantages of the many profit opportunities that present themselves as a stock prices changes 

Make sure you have realistic expectations : 

On of the most important things that you can do when you are starting out in stock trading is to have realistic expectations .

An example of unrealistic expectation is to expect to earn 100 % per month on your money. 

Another example of an unrealistic expectation is to expect to trade without having a losing trade. 

Naturally those are both over blown exaggerated examples for the purpose of illustration . The important point here is that unrealistic expectations can have a negative effect on your stock trading . 

 

Stock introduction

 Successful stock traders don't become successful by 

accident.

They follow a tested a proven set of rules which help them trade effectively.

This book contains many time-tested stock trading tips rules guidelines gathered from numerous successful traders from all over the world 

One of the most effective ways to become successful in any endeavor is to model yourself after those who are already successful,

Inside you will find 

  1. tip 
  2. rules 
  3. guidelines ranging from tips on getting started in stock trading to tip on such important and topics a stock trading strategies , stock day trading and much, much more. 

The tips rules guidelines will not only help to get you on the right path to successful stock trading , but help to keep you on the right path/

The useful tips are arranged based on a variety of stock trading topics for your quick and easy reference.

Monday, October 5, 2020

IDEX

 

Ideanomics' stock soars on heavy volume after order for 200 EVs in China

Shares of Ideanomics Inc. IDEX, +0.52% soared 53% toward a 19-month high in very active afternoon trading Monday, after the facilitator of the adoption of electric vehicles (EVs) announced an order for 200 EVs in China. Trading volume was 291.2 million shares, compared with the full-day average of about 23.8 million shares, and enough to make the stock the most actively traded on major U.S. exchanges. The company said its Mobile Energy Global (MEG) subsidiary secured the order, which was valued at RMB24 million ($3.2 million), or about $16,000 per vehicle. The company said the order will be filled with Dongfeng Liuzhou S50EV models, with delivery of the vehicles to Neijiang City expected to be completed in mid-July. The stock, which is on track to close at the highest level since November 2018, has rocketed 6-fold (up 506%) over the past three months, while shares of EV rivals Tesla Inc. TSLA, +2.55% have rallied 134% and Nio Inc. NIO, +1.93% have climbed 216% over the same time, and the S&P 500 SPX, +1.79% has gained 35%.

BOXL

 Boxlight as of October 5 2020 (NASDAQ:BOXL) stock rose 14.51% to $2.05. 

Trading volume for Boxlight's stock is 11.1 million as of 12:31 EST. 

This is 64.81% of its average full-day volume over the last 100 days. 

 The company's market cap stands at $29.7 million.

$ 2.055
    0.265
14.80%
         
17.1575M    17.3772M
0.334.65
 
 As of 5 October 2020 MarketWatch News
  • Open $1.94
  • Day Range 1.87 - 2.12
  • 52 Week Range 0.33 - 4.65
  • Market Cap $90.42M   
  • Shares Outstanding 50.51M
  • Public Float 42.49M
  • Beta 0.68
  • Rev. per Employee n/a
  • P/E Ratio n/a
  • EPS $-0.56
  • Yield n/a
  • Dividend n/a
  • Ex-Dividend Date n/a
  • Short Interest 1.45M 09/15/20
  • % of Float Shorted 3.40%
  • Average Volume 17.38M
 
Background information of BOXL 
 
Boxlight Corp. is an education technology company. 
 
It develops, sells and services interactive classroom solutions for the global education market. 
 
The company designs, manufactures and distributes interactive projectors, flat panel displays, touch projectors, touch boards, and MimioTeach through the Boxlight Group and Genesis brands. 
 
The firm provides features and specifications like using pens or fingers as a mouse which allows teacher, moderator or student to write or draw images displayed on the surface. Its customers include schools including K-12 and higher education, enterprise for training purposes, government and healthcare.
 The company was founded by Herbert Myers and Sloan Myers in 1985 and is headquartered in Lawrenceville, GA.  Georgia State USA

 

Wednesday, September 16, 2020

What is KYC ( Know your customer)

 What documents are needed for KYC?

KYC Documents Individuals
  • Passport.
  • Voter's Identity Card.
  • Driving Licence.
  • Aadhaar Letter/Card.
  • NREGA Card.
  • PAN Card.

Sunday, September 13, 2020

 Key Criteria 

smashed 

abve average volume 

volme is thin

above average 

second criteria = daily  chart 

gap up huge 

volume 

Premarket 300-400K 

volume to push the stock 

building watch

trading volume 

regarding the key support

NSYS

getting above the 5 dollar 

I am not saying the true statement

sometimes 

after the five dollar support

 

AWS 

THE INTERESTED 

WIRED CHART 

HOW THE CHART ACT REALLY REALLY WIRED 

STUFF 

TIPICALLY 

PREMAREKET 

PRE MARKET HUGE SOAK 

SOMETHING AROUND THE MARKET IN THE MARKET

KIND OF 

AIM FOR THE PERFECT SET UP 

THE SIZING AND THE WAY VOLUME 

14000 IN FEES 

NET PROFIT IS 210000 

THIS IS THE ONE OF THE GOOD EXAMPLE 

YOU CAN SEE THE MARKET 

ENOUGH CHANCE FOR YOU 

AT LEAST TWO TO THREE TIMES A WEEK 

THIS THREE 

2mILLION

WHAT HAPPEN 

AMRH

1 BILLION DOLLAR 

THERE IS MUCH VOLITALITY 

MANY  TRADER TO TRADE THEM 

HOW THE BILLION CAP PERFORM

OFCOURSE 

YOU HAVE PUT THEM 

10 M 

IN THIS CASE 

WHEN YOU LOOKING AT 

YOU DON'T REALLY SEE 

COMPLETELY FREST 

PREMARKET RESISTANT 

 

TONS OF PEOPLE SHORTING AROUND  

A TONS OF VOLUME

 5% EVERY HALF AN HOUR 

YOU DON'T REALLY KNOW 

GAP OF SHORT 

ONLY USE BEFORE 11 

PEOPLE 

ITS WAY PASS THE TIME TO SHORT 

ONE BILLION CAP

NOT TRADABLE 

NEXT TIME WHEN YOU ARE TRADING 

ONLY WORKS ON 

THE UP OVER 200 PERCENT 300 PERCENT 

NEXT DAY GAP DOWN 200 TO 300 PERCENT 

SHORTING 

YOU WANT TO LOOK AT DIFFERENT CONSOLIDATION ZONE 

IF YOU DON;T KNOW THE 

THE SQUEEZE 


KODK

OVERALL WED THUR FRI 500000

FUNDAMENTAL 

TECHNICAL 

WHAT TYPE OF MARKET TYPE ZONE 

2016 2017 MARKET TYPE 

10 TO 100 m 

SMALL CAP 

300M 400M 

INCREASE 3 TO 5 TIMES 

GAP OF SHORT 

UNDER 100M

3 TO 4 TIMES 

ANY WHERE 100 TO 500M FOR ME 

UNDER FUNDAMENTAL SIZE 

Not emotional

3000 dollar 

40 thousand 

toughest lesson 

straight 

without any pattern 

stock turn against you 

alot of people reach out you 

they cannot control emotion 

going up 

better entry

the oppsite 

so difficult 

human nature 

if there is a trade 

when you miss the oppotunity 

how do you over come it 

to be patient 

you need to practice

you don't need to rush 

bit coin

good timing 

the more student 

create more and more success 

speaker 

getting faster faster 2018 

what different now 

alot of opportunity out there 

be patient 

wait for the opportunity 

they wanted 

learning when you are resting 

better learn than loose money

there is no a great play

nothing to play 

hot play right now 

capitalized 

new bie 

hot play 

they are not prepare 

dvd video lesson 

study is a key



Humbled trader review

 Humble Traders is Forex educational website selling a $199 trading system and a $60 per month trading signal service.

Posted performance of supposed trading signals look excellent.

 But not verifiable

Owner of the company, Roman Sadowski is certainly a nice person but could provide no proof that he is actually trading with a live trading account.

 There is simply no possible way to verify if the results are real or faked.

The website contains many useful articles on technical trading indicators and insights into Forex fundamental analysis. Everything is well written.


Thanks for reading today’s review of Humble Traders

What is Humble Traders? The website is a Forex educational business and a live trading signals service. There are two primary trading products available for purchase:

  • $199 Momentum Reversal Strategy. A 50-page E-book that describes a trading strategy that supposedly earned a 58% return in 2016.
  • $60 per month trading signal service. Which includes daily technical analysis, and fundamental analysis.

The business is a owned and operated by a person named Roman Sadowski, operating out of Warsaw, Poland.


Track Record of Signal Service

The Humble Traders website contains a list of trading signals that were supposedly provided to paying subscribers of the $60 per month signal service. The track record looks very impressive, screenshot below:

 

Humble Traders

Humble Traders Equity Curve

For a more detailed breakdown of trades offered through the daily trading service, a spreadsheet of trades was provided by Roman Sadowski. The spreadsheet of trades can be viewed through the following link:

SPREADSHEET OF TRADES

A closer review of the trades reveals that the signals typically last several days. I would consider this be ‘swing trading’ on daily charts. The service typically generates one trade per week.

Verifying Performance

TradingSchools.Org conversed with Roman Sadowski directly in an effort to verify that he was actually trading the signals from his $60 per month service. What we really wanted to see were redacted account statements that verified the above performance.

As much as TradingSchools.Org would sincerely love to believe the claims of success from every trading vendor on the internet, experience has taught us that 99.9% of the performance claims of trading vendors are bogus. As much as I enjoyed speaking with Roman, I needed to see proof.

Unfortunately, Roman could not provide any proof that he is actually trading with a live Forex trading account. Instead, he offered the following explanation:

I don’t use any online software to keep track of my trading. I simply have nor need or time for it. I won’t be in the position to show you my real trading accounts as I trade other people’s equity and I cannot disclose it. Hope you understand.

The top 10, most common excuses that I hear from trading signal providers regarding account statements is as follows:

  1. I cannot provide proof because it’s against the law. (It’s not)
  2. I switched brokers recently and I cannot access my old account statements.
  3. My account statements are irrelevant because it is impossible to copy another person’s trades.
  4. My wife say’s that it might reveal our personal identity and someone crazy might visit us.
  5. I don’t want the tax authorities to discover how much income I actually earn.
  6. My rivals might use my account statements to market their own trading products.
  7. My rivals will be able to figure out my secret strategy.
  8. I work for an exclusive hedge fund and my boss will fire me if they discover that I am selling company secrets.
  9. I trade for a bank or hedge fund and cannot show company account statements.
  10. I am a very private person. I don’t really need this extra income from selling signals, making this extra money is not that important to me.

Now, I am not calling Roman Sadowski a con-artist or Forex hustler. But the truth is that his excuse definitely makes the top 10 list of most common excuses.

Recommendation

Most Forex brokers will accept accounts as small as $100.

 A person can trade micro lots.

 I recommend that Roman, and anyone else that TradingSchools.Org review to open a teeny, tiny Forex

small trading account

Start small!

account and at least build a verifiable track record of trading. Some vendors are nervous that I am going to publish a negative article based on the account size. As if I were a shallow female that complained about the size of her boyfriend’s tiny penis. On the contrary, size doesn’t matter! At least to me.

What really matters is that the vendor can provide some sort of proof that they are actually taking trades. Performance can be based upon percentage returns.

The truth of the matter is that most trading vendors, looking to ‘sell trading signals’ are just small time traders themselves. Or are looking to supplement their trading income.

Other small-time trading signal providers are cash poor, but rich in efforts. Suppose that an educator is a whip-smart computer programmer and has designed a definable trading bias that can be exploited. But they have five hungry mouths to feed, and they live in Venezuela. They have little money but are rich in knowledge. Surely even the most desperate person can scrape together $100 to open a Forex trading account.

What I like about Humble Traders

Although Humble Traders has no verifiable track record, there is something that I really like about Roman Sadowski. His marketing efforts. For those of you reading this article, and you sell anything online, Humble Traders is a template on how to be successful with online marketing.

Normally, when you think “online marketing”, you naturally think “online scam”. But with Roman Sadowski, this guy is an excellent online marketer. For instance, the articles on his website regarding technical analysis are all highly ranked on Google for very valuable keywords. Thousands of people each month will search for keywords regarding common technical analysis techniques and trading. Roman has written a series of highly detailed and relevant articles that Google is ranking on page one.

The articles are all very well written. Highly researched. And very entertaining. He is an excellent writer. And Google has rewarded him with a steady stream of free search engine traffic. The net effect is that all of this traffic naturally dovetails into his for-sale trading products. For the guys that sell trading products, and I know that many of you read this blog, you should be analyzing the marketing efforts of Humble Traders.

Wrapping things up

Thanks for reading. This review was an adventure into a lukewarm jacuzzi. Nothing hot or very interesting to report about Humble Traders. They guy isn’t a scammer. But he needs a track record. That one thing that truly sets him apart from the multitude of competitors all doing the same thing, selling trading signals. Hopefully Roman reads this article takes my advice to heart. Would love to come back later, and write a much more positive review. But I need actual, verifiable trading performance. This is what my readers expect.

Thursday, September 10, 2020

Private API

Private API keys are used for reading data from Klaviyo and manipulating some sensitive objects such as lists. 
Treat Private API keys like passwords kept in a safe place and never exposed to the public. 

There may be multiple Private API Keys associated with an individual Klaviyo account.

An API key simply identifies you.

If there is a public/private distinction, then the public key is one that you can distribute to others, to allow them to get some subset of information about you from the api. 

The private key is for your use only, and provides access to all of your data.


API key is like a password to use the backend of some software. (API=Application Programming Interface)

Private key is a secret used to "encrypt" (and in some cases, decrypt) some information (for instance, transactions on a blockchain).

As far as Bitcoin is concerned, the two aren't related, though you may see them in the same place. The private key is how you keep your Bitcoin wallet secure. You may also use an API key to make requests against the exchange storing those Bitcoin.

level 2

Technicially the API key is also a private key ;) But yes here, private key always means the key to an bitcoin address.

Can api keys be revoked?
API keys need to have the properties that they: uniquely identify an authorized API user -- the "key" part of "API key" authenticate that user -- cannot be guessed/forged can be revoked if a user misbehaves -- typically they key into a database that can have a record deleted.


Application programming interface key

An application programming interface key is a unique identifier used to authenticate a user, developer, or calling program to an API. However, they are typically used to authenticate a project with the API rather than a human user. Different platforms may implement and use API keys in different ways.

Application Programming Interface (API)

What Does Application Programming Interface Mean?

An application programming interface, or API, is a set of programming code that queries data, parses responses, and sends instructions between one software platform and another.

 In the context of trading, a trader will often use an API to establish a connection between a set of automated trading algorithms and the trader's preferred trading broker platform for the purpose of obtaining real-time pricing data and place trades.

Understanding Application Programming Interface (API)

Application programming interfaces, or

 APIs, have become increasingly popular with the rise of automated trading systems.

In the past, retail traders were forced to screen for opportunities in one application and separately place trades with their broker.

 Many retail brokers now provide APIs that enable traders to directly connect their screening software with the brokerage account to share real-time prices and place orders. 

Traders can even develop their own applications, using programming languages like Python, and execute trades using a broker's API.

Application Programming Interface (API)

What Does Application Programming Interface Mean?

An application programming interface, or API, is a set of programming code that queries data, parses responses, and sends instructions between one software platform and another. In the context of trading, a trader will often use an API to establish a connection between a set of automated trading algorithms and the trader's preferred trading broker platform for the purpose of obtaining real-time pricing data and place trades.

KEY TAKEAWAYS

  • An API is a way to establish a connection between coded algorithms and a broker's platform.
  • An API is essential to implementing an automated trading strategy.
  • More brokers are making their platforms available through an API.

Understanding Application Programming Interface (API)

Application programming interfaces, or APIs, have become increasingly popular with the rise of automated trading systems. In the past, retail traders were forced to screen for opportunities in one application and separately place trades with their broker. Many retail brokers now provide APIs that enable traders to directly connect their screening software with the brokerage account to share real-time prices and place orders. Traders can even develop their own applications, using programming languages like Python, and execute trades using a broker's API.

There are two types of traders that use broker APIs:

  • Third-Party Applications - Many traders use third-party applications that require access to broker APIs for pricing data and the ability to place trades. For example, MetaTrader is one of the most popular foreign exchange (forex) trading applications and requires API access in order to secure real-time pricing and place trades.
  • Developer Applications - A growing number of traders develop their own automated trading systems, using programming languages like Python, and require a way to access pricing data and place trades.

Despite the obvious benefits of APIs, there are many risks to consider. Most APIs are provided to a broker's customers free-of-charge, but there are some cases where traders may incur an extra fee. It's important to understand these fees before using the API. Traders should also be aware of any API limitations, including the potential for downtime, which could have a significant effect on trading results.

Where to Find APIs

The most popular brokers supporting API access in the traditional stock and futures marketsinclude TradeStation, TDAmeritrade, and InteractiveBrokers, but many smaller brokers have expanded access over time. APIs are more common among forex brokers where third-party applications and trading systems - such as MetaTrader - have been commonly used for many years.

Many brokers provide online documentation for their APIs, where developers can find out exactly how to authenticate with the API, what data is available for consumption, how to place orders through the API, and other technical details. It's important to be familiar with these details before choosing a broker when looking for specific functionality.

Some brokers also provide libraries in various languages to make interaction with their API easier. For example, a broker may offer a Python library that provides a set of functions, or methods, for placing a trade rather than having to write your own functions to do so. This can help accelerate development of trading systems and/or make them less costly to develop.

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