Application Programming Interface - API


DEFINITION of 'Application Programming Interface - API'

An interface or "go-between" that enables a software program to interact with other software. In the context of forex trading, an API refers to the interface or platform that enables your platform to connect with the market. APIs have multiple features that facilitate information sharing, including real-time forex price quotations, trade execution and order and trade confirmations.

BREAKING DOWN 'Application Programming Interface - API'

Proprietary APIs are offered by almost every major online forex brokerage. Because the fast-paced nature of forex trading makes automated trading preferable to manual trading for most traders, a reliable API is an important differentiator for a forex brokerage to ensure stable operation and execution of trades.

  1. Forex Trading Robot

    A computer program based on a set of forex trading signals that ...
  2. Real Time Forex Trading

    A form of speculation in which a trader bets on the movement ...
  3. Forex Trading Strategy

    A set of analyses that a forex day trader uses to determine whether ...
  4. Automated Forex Trading

    A method of trading foreign currencies with a computer program ...
  5. Currency Trading Platform

    A type of trading software used to help currency traders with ...
  6. Paper Trade

    Using simulated trading to practice buying and selling securities ...
Related Articles
  1. Forex Education

    Forex Automation Software For Hands-Free Trading

    Automated forex trading software scans the market for favorable trades based on your input. Find out more about this valuable forex tool.
  2. Forex Education

    How To Become A Successful Forex Trader

    Discover a framework that will help you build your own profitable forex trading strategy.
  3. Mutual Funds & ETFs

    Finding the Right Mutual Fund Screener

    Learn about which filters should appear in a good mutual fund screener, and discover which factors are less important in finding an appropriate fund.
  4. Active Trading Fundamentals

    Top 5 Apps for Stock Traders

    Discover some of the best mobile apps to help you gain the edge you need to take your stock portfolio to the next level from anywhere.
  5. Investing News

    US Presidential Hopefuls And The Flash Boy Tax

    High-Frequency Trading is highly controversial - and now even presidential candidates are weighing in.
  6. Investing Basics

    7 Popular Software Programs for Portfolio Managers

    For retail investors and money managers, portfolio management software makes life easier. Here are synopses of seven popular programs.
  7. Active Trading Fundamentals

    Learn How To Trade The Market In 5 Steps

    Learn how to trade the markets with skill and authority, starting with these five basic concepts.
  8. Trading Systems & Software

    Top Skills Of The Best Quant Traders

    Lured by high salaries and perks of quant trading? Find out what skills and traits you need to become a quant trader.
  9. Trading Systems & Software

    Use Price Action Trading Strategy for Results

    Bored by the fixed rules of technical and fundamental analysis? Price action trading allows you to customize your own trading strategy.
  10. Trading Systems & Software

    How to Code Your Own Algo Trading Robot

    Ever wanted to become an algorithmic trader with the ability to code your own trading robot?
  1. What should I look for when choosing a forex trading platform?

    A trading platform is a piece of software that acts as a conduit for information between a trader and a broker. A trading ... Read Full Answer >>
  2. What types of accounts are available for forex trading?

    There are many different types of forex accounts available to the retail forex trader. Demo accounts are offered by forex ... Read Full Answer >>
  3. Can you invest in mutual funds on E*TRADE?

    E*TRADE allows investors to invest in thousands of mutual funds through its investment platform. E*TRADE has over 8,000 leading ... Read Full Answer >>
  4. Can you invest in mutual funds on Scottrade?

    Scottrade, Inc. offers investors a versatile selection of mutual funds in which they can invest. Scottrade allows investors ... Read Full Answer >>
  5. What happens if a software glitch fails to execute the strike price I set?

    If you've ever suffered the frustrating experience of having an order not filled or had a strike price fail to execute because ... Read Full Answer >>
  6. Will technology ever disrupt the role of the custodian bank?

    Custodian banks, along with other financial institutions that hold custodian accounts, are likely to be disrupted but not ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Take A Flier

    The slang term for a decision to invest in highly speculative investments.
  2. Bar Chart

    A style of chart used by some technical analysts, on which, as illustrated below, the top of the vertical line indicates ...
  3. Take A Bath

    A slang term referring to the situation of an investor who has experienced a large loss from an investment or speculative ...
  4. Black Friday

    1. A day of stock market catastrophe. Originally, September 24, 1869, was deemed Black Friday. The crash was sparked by gold ...
  5. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  6. Barefoot Pilgrim

    A slang term for an unsophisticated investor who loses all of his or her wealth by trading equities in the stock market. ...
Trading Center