The stock market is like a big ocean and there are many segments that deal in different aspects. For example, there is a separate segment that deals in CFD and derivatives and another one deals in Forex etc. Similarly, one segment is completely distinguished that deals in digital money and different coins that are mined using blockchains.
The main question that puzzles most investors is which currency they should bet their money on. Each money might use a similar kind of technology of blockchains and that is where the confusion arises. These currencies also have similar sounding names and are mined by people themselves. People need to know the difference between these coins at least so that they can choose the right one to place their bets. Here it is important to understand that the trading programs like Bitcoin Trader are very efficient and for the real trading process the traders do not need to read and work hard. But they should know what would be the best bet so that they can set the parameters correctly while using any platform for trading. Here is a great post to read that can guide you in the matters of cryptocurrency trading.
Some of these are respected coins
Almost all these coins have gained a good reputation due to their decentralized control. Many commercial transactions though legit were becoming difficult due to international regulations due to fluctuating rates of different monies of different countries. This kind of complicated structure and daily unstable rates of currencies across the world precipitated into the virtual currency. Now anyone sitting in one corner of the world can send some money and transact with another person in a distant land without losing the heavy conversion commission.
These completely decentralized monetary units are governed by a group of people who are part of the same blockchainand can have control on the transactions from anywhere in the world. They all have the same information about each transaction that takes place anywhere in the world. The information is completely encrypted and cannot be accessed by anyone outside the blockchain. This way governments cannot access the information and the chances of fraud and scams are also prevented.
These currencies have to follow the regulations of the countries where they are being used. This should be the only criteria to choose the currency that you want to trade online. This way you will be sure about the investment that you make in the trading system and its profits. So choose the coin that is legit and recognized by the country that you live in and trade.