Originally published at: Free vs Paid Stock Data: Which One Can You Trust? | EODHD APIs Academy
As a financial analyst, algotrader, developer of financial products, or private trader, you know the critical role of data quality. Whether you’re crafting investment strategies, conducting market research, or building predictive models, reliable data is essential. This article examines the risks of using unreliable sources, and the challenges associated with free data. We also explore the benefits of opting for paid financial APIs, ensuring you make informed, accurate decisions. Read on to discover how to optimize your data for better trading outcomes. The Risks of Poor Data Quality Inaccurate or incomplete data can lead to a host of problems for financial analysts. Some of the most significant risks include flawed analysis, where incorrect data results in misinterpretation of market trends,…