Setting up the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam about the first attempt.
The study techniques & the research material you employ will have an important part within your failure or success.
Therefore, it is crucial that you apply the tried & tested study methods & utilize best study notes to give this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Obtain 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 among the easiest ways of making sure you realize the information well as well as supplying you with the confidence that you’ll need to give the test.
2. Be informed about the test Format
Having the exact format in the exam will ensure that you have stay away from surprises & there’s no chance of panic establishing which can happen in case you are surprised with something unexpected.
So in order to recap, the format in the CFA is as follows;
Format: multiple-choice
Questions:
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
Normally, 1.A few moments must be allocated for each and every question
3. Revise the fabric Three to four weeks Ahead of the Exam
You are unable to revise enough – in reality the harder you revise & the harder practice questions & exams you do the harder confident you are going to become for tackling the test let alone being convenient & proficient together with the principles.
So allow no less than 30 days before d-day to accomplish numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to actually are aware of all of the material & principles.
4. Read & Understand Each Question Carefully
Due to the a lack of time & the pressure of sitting the test, a standard mistake would be to misunderstand something & therefore pick the wrong answer.
It will purchase from you to pay a little extra time reading the issue properly in order to not misinterpret it & whether it seems too involved & too time consuming you are able to plan to get forced out & look at another you could tackle & answer quickly.
Time management techniques is critical – wasting a long time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Only One Correct Answer
Be precise even if you ought to sacrifice a little extra time to obtain your calculation right.
Do not rush it as you can wind up using energy along with passing up on getting a relatively simple question right.
Silly mistakes will set you back valuable marks.
Finally, it wouldn’t be overemphasised how important it is to use the very best study materials along with doing mock exams – get the above things right & your chances of passing the amount 1 exam is going to be greatly enhanced.
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