Frequently Asked Questions
Find answers to common questions about investing, trading, and using MoneyMine
General Questions
How do I start investing in the stock market?
To start investing, you need to open a Demat and trading account with a registered broker, complete your KYC verification, link your bank account, and transfer funds. Then you can research stocks and place buy orders through your trading platform.
What is the difference between NSE and BSE?
NSE (National Stock Exchange) is India's largest stock exchange by trading volume, while BSE (Bombay Stock Exchange) is Asia's oldest exchange. Both are regulated by SEBI and offer similar trading opportunities, though NSE has higher liquidity.
How often is market data updated on MoneyMine?
MoneyMine provides real-time market data with updates every 30-60 seconds during market hours. Commodity prices and forex rates are updated continuously based on live market feeds.
What are the market trading hours in India?
Indian stock markets (NSE and BSE) operate from 9:15 AM to 3:30 PM IST on weekdays. Pre-market session runs from 9:00 AM to 9:15 AM, and post-market session from 3:40 PM to 4:00 PM.
Trading & Investing
How can I track commodity prices like gold and silver?
MoneyMine provides live commodity rates on the Markets page. You can track gold, silver, crude oil, and other commodities with real-time price updates from MCX and global exchanges.
What is a Demat account?
A Demat (Dematerialized) account holds your shares and securities in electronic form. It's mandatory for trading in Indian stock markets and eliminates the need for physical share certificates.
How do I read stock market charts?
Stock charts display price movements over time. Key elements include candlesticks (showing open, high, low, close prices), volume bars, and technical indicators like moving averages and RSI. Our guides section provides detailed tutorials.
What is the minimum amount needed to start investing?
There's no fixed minimum amount. You can start with as little as ₹500-1000 by investing in fractional shares or mutual funds. However, it's recommended to start with at least ₹5,000-10,000 for proper diversification.
How does forex trading work?
Forex trading involves buying one currency while selling another. Currency pairs like USD/INR are traded based on exchange rate fluctuations. You profit when the currency you bought appreciates against the one you sold.
Platform Features
Is my data secure on MoneyMine?
Yes, MoneyMine uses industry-standard encryption and security protocols to protect your data. We do not store sensitive financial information like bank account details or trading passwords.
How can I stay updated with financial news?
MoneyMine aggregates financial news from 50+ trusted sources, updated every 15 minutes. Visit our News page to filter by category (stocks, commodities, forex, economy) and search for specific topics.
What is the difference between intraday and delivery trading?
Intraday trading involves buying and selling stocks on the same day, while delivery trading means holding stocks for more than one day. Intraday trades are settled the same day, whereas delivery trades are settled in T+2 days.
Still have questions?
Can't find the answer you're looking for? Check out our comprehensive guides or contact our support team.