Setting up the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam on the first attempt.
The research techniques & the study material you use will play a significant part within your failure or success.
Therefore, it is of vital importance that you apply the tried & tested study methods & make use of the best study notes to give this tough exam.
5 Key Tips That will assist 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 one of the most effective ways of making sure you already know the pad well as well as giving you the arrogance that you will need to give the test.
2. Be Familiar With the test Format
Having the exact format from the exam will guarantee that we now have keep surprises away & that there’s no chance of panic setting in that may happen if you’re surprised with something unexpected.
So simply to recap, the format from the CFA mocks exams 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
An average of, 1.5 minutes ought to be allocated for each and every question
3. Revise the fabric 3 or 4 weeks Before the Exam
You can’t revise enough – in reality the harder you revise & the harder practice questions & exams you do the harder confident you will become for tackling the test as well as being more comfortable & proficient with the principles.
So allow at the very least 21 days before d-day to complete as many EOC (End of Chapter) questions & QBank (Schweser) as you can to ensure that you understand every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time limitations & pressure of sitting the test, a typical mistake is always to misunderstand something & therefore select the wrong answer.
It’s going to pay you to spend a little time reading the question properly in order to not misinterpret it & whether it seems too involved & too time intensive you are able to choose to let it rest & search another that you could tackle & answer quickly.
Time management planning is very important – wasting too much time on time consuming questions could mean missing easier questions & wasting easy marks
5. There’s Only One Correct Answer
Be precise in case you need to sacrifice a little time to really get your calculation right.
Tend not to rush becoming you might turn out using time as well as passing up on receiving a 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 as well as doing mock exams – get these two things right & your chances of passing the amount 1 exam is going to be greatly enhanced.
For more info about CFA mocks exams visit this useful site: read here