Putting in the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam about the first attempt.
Case study techniques & the research material you use will have an essential part with your success or failure.
It is therefore crucial that you apply the tried & tested study methods & make use of the best study notes to pass through this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Acquire the best Study Material, Practice Questions & Past Exams
Getting the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is amongst the easiest ways of making certain you understand the pad well as well as providing you with the confidence that you will want to pass through test.
2. Be informed about test Format
Having the exact format with the exam will guarantee there are stay away from surprises & that there are no chance of panic setting in which may happen in case you are surprised with something unexpected.
So just to recap, the format with the CFA level 3 can be as follows;
Format: multiple-choice
Questions:
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
Typically, 1.A few moments must be allocated for every question
3. Revise the information Three to four weeks Ahead of the Exam
You are unable to revise enough – actually the greater you revise & the greater practice questions & exams you are doing the greater confident you may become for tackling test not forgetting being convenient & proficient with the principles.
So allow yourself at the very least 25 days before d-day to perform as many EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to make sure you have an understanding of all the material & principles.
4. Read & Understand Each Question Carefully
Because of the time restraints & pressure of sitting test, a standard mistake is always to misunderstand an issue & therefore choose the wrong answer.
It will pay out to invest a little extra time reading the question properly in order to not misinterpret it & if it seems too involved & too frustrating you are able to opt to get forced out & go onto another you could tackle & answer quickly.
Time management planning is essential – wasting a long time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Only 1 Correct Answer
Be precise even if you need to sacrifice a little extra time to get your calculation right.
Do not rush becoming you may find yourself using time and energy and also missing out on receiving a relatively easy question right.
Silly mistakes will set you back valuable marks.
Finally, structured be overemphasised how important it’s to use the best study materials and also doing mock exams – get those two things right & the chances of you passing the amount 1 exam will probably be greatly enhanced.
For more information about CFA level 3 view our new webpage: look at here