Applying the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam about the first attempt.
The research techniques & the study material you utilize will play an important part with your success or failure.
Hence, it is of vital importance the application of the tried & tested study methods & make use of the best study notes to feed this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Get the Best Study Material, Practice Questions & Past Exams
Obtaining the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is amongst the simplest ways of making certain you understand the material along with along with supplying you with the confidence that you’ll need to feed test.
2. Be informed about quality Format
Having the exact format in the exam will assure that we now have keep surprises away & there’s absolutely no way of panic setting in which could happen should you be surprised with something unexpected.
So just to recap, the format in the CFA will 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
An average of, 1.A few minutes ought to be allocated for each question
3. Revise the Material 3 or 4 weeks Prior to the Exam
You are unable to revise enough – in fact greater you revise & greater practice questions & exams you need to do greater confident you’ll become for tackling test as well as being convenient & proficient with all the principles.
So have at least 30 days before d-day to do as much EOC (End of Chapter) questions & QBank (Schweser) as is possible to ensure that you have an understanding of all the material & principles.
4. Read & Understand Each Question Carefully
Due to time constraints & pressure to succeed of sitting test, a standard mistake is to misunderstand a question & therefore select the wrong answer.
It’ll pay you to invest quite some time reading the question properly so we don’t misinterpret it & when it seems too involved & too time consuming you’ll be able to choose to let it sit & internet browser another you could tackle & answer quickly.
Time management is critical – wasting a lot of time by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There Is Only 1 Correct Answer
Be precise although you may ought to sacrifice quite some time to really get your calculation right.
Do not rush it you can wind up using energy and also losing out on finding a not too difficult question right.
Silly mistakes will set you back valuable marks.
Finally, it cannot be overemphasised how important it is to make use of the best study materials and also doing mock exams – get these two things right & your chances of passing the particular level 1 exam is going to be greatly enhanced.
For more info about CFA go to this website: here