Applying the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam about the first attempt.
The study techniques & the study material you utilize will have a significant part with your success or failure.
Therefore, it is crucial 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 Help You Pass Your CFA Level 1 Exam
1. Obtain 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 most effective ways of making sure that you know the fabric well as well as supplying you with the boldness that you’ll need to feed test.
2. Be informed about quality Format
Learning the exact format with the exam will make sure that there are no surprises & there’s no chance of panic establishing that may happen in case you are surprised with something unexpected.
So in order to recap, the format with the CFA level 3 is really 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 moments should be allocated for each question
3. Revise the Material 3 or 4 weeks Prior to the Exam
You can’t revise enough – in reality greater you revise & greater practice questions & exams you do greater confident you’ll become for tackling test as well as being more comfortable & proficient with all the principles.
So allow a minimum of 25 days before d-day to do as numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to successfully are aware of all of the material & principles.
4. Read & Understand Each Question Carefully
Because of the time restraints & pressure to succeed of sitting test, a standard mistake is always to misunderstand a question & therefore choose the wrong answer.
It will purchase from you to shell out a little time reading the issue properly so we don’t misinterpret it & when it seems too involved & too time consuming you’ll be able to choose to let it rest & go onto another that you could tackle & answer quickly.
Time management is critical – wasting too much effort on time consuming questions can often mean missing easier questions & wasting easy marks
5. There’s Only One Correct Answer
Be precise in case you must sacrifice a little time to really get your calculation right.
Don’t rush becoming you can find yourself using time in addition to losing out on finding a easy question right.
Silly mistakes will definitely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it is to make use of the very best study materials in addition to doing mock exams – get the two things right & your chances of passing the particular level 1 exam will probably be greatly enhanced.
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