Investing, made understandable
Stock Market Basics
How shares, exchanges (NSE/BSE) and indices like Nifty & Sensex actually work.
✓ CompletedStart learning →Open a Demat Account
What a demat account is and the 100% online, paperless steps to open one.
✓ CompletedStart learning →Delivery vs Intraday
The difference between owning shares and squaring off the same day.
✓ CompletedStart learning →Understanding F&O
Futures & options explained — margins, premiums, pay-offs and risk.
✓ CompletedStart learning →Mutual Funds & SIP
Fund types, NAV, and how disciplined SIPs build wealth over time.
✓ CompletedStart learning →IPOs & ASBA
How new listings work and how UPI/ASBA applications are made.
✓ CompletedStart learning →ETFs & NFOs
Low-cost, exchange-traded baskets and new fund launches.
✓ CompletedStart learning →Commodities & Currency
Trading bullion, energy and currency derivatives on MCX & NSE.
✓ CompletedStart learning →How orders work on PCJ Invest
| Order type | What it does |
|---|---|
| Market order | Buys or sells immediately at the best available price. |
| Limit order | Executes only at your chosen price or better. |
| Stop-loss (SL / SL-M) | Triggers an order to limit losses once a price level is hit. |
| GTT (Good-till-triggered) | A resting instruction that stays active until your trigger is met. |
| Cover / Bracket order | Built-in stop-loss (and target) for disciplined intraday trades. |
| Basket order | Place many orders — or set up SIPs — together in one go. |
Key terms, quickly explained
| Term | Meaning |
|---|---|
| Demat account | Holds your securities electronically with a depository (NSDL/CDSL). |
| DP / DP ID | Depository Participant — the broker that offers you demat services. |
| ISIN | A unique code that identifies each security. |
| NAV | Net Asset Value — the per-unit price of a mutual fund. |
| LTP | Last Traded Price of a stock or contract. |
| Lot size | The fixed quantity in one F&O contract. |
| Margin | Money or collateral needed to take a leveraged position. |
| STT | Securities Transaction Tax charged on trades. |
| ASBA | Application Supported by Blocked Amount — funds are blocked, not debited, for IPOs. |
| Expense ratio | The annual fee a fund/ETF charges, as a % of assets. |
| Circuit limit | The maximum up/down move allowed in a stock or index in a day. |
| SIP | Systematic Investment Plan — investing a fixed sum at regular intervals. |
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Learn With PCJ — Frequently Asked Questions
Yes — all articles and the glossary are free and open. It is general educational information, not investment advice.
No account is needed to learn. You can open one whenever you are ready to invest.
Market basics, order types, F&O, mutual funds and SIPs, IPOs, ETFs, charges and taxes, and a plain-language glossary.
Yes — see our Courses & learning paths for structured, beginner-to-advanced lessons.