Applying the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam on the first attempt.
The study techniques & the analysis material you utilize can play an essential part inside your success or failure.
It is therefore crucial which you use the tried & tested study methods & utilize the best study notes to give this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Acquire the best Study Material, Practice Questions & Past Exams
Keeping the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is one of the simplest ways of ensuring that you realize the fabric along with along with providing you with the arrogance that you will want to give the exam.
2. Be aware of the Exam Format
Knowing the exact format of the exam will ensure there are stay away from surprises & that there is no chance of panic setting in which may happen should you be surprised with something unexpected.
So only to recap, the format of the CFA mocks exams 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, 1.5 minutes needs to be allocated for every question
3. Revise the information Three or four weeks Prior to the Exam
You can’t revise enough – in fact the more you revise & the more practice questions & exams one does the more confident you are going to become for tackling the exam let alone being more comfortable & proficient with the principles.
So allow yourself at least 30 days before d-day to perform as many EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to ensure that you understand every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to a lack of time & the pressure of sitting the exam, perhaps the most common mistake would be to misunderstand an issue & therefore select the wrong answer.
It’s going to pay out the comission to spend a little time reading the question properly so we don’t misinterpret it & whether it seems too involved & too time intensive you are able to plan to get forced out & internet browser another that you can tackle & answer quickly.
Personal time management is critical – wasting too much time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Only 1 Correct Answer
Be precise although you may must sacrifice a little time to really get your calculation right.
Tend not to rush it you might end up using energy and also passing up on obtaining a relatively easy question right.
Silly mistakes will set you back valuable marks.
Finally, it can’t be overemphasised how important it is to make use of the most effective study materials and also doing mock exams – get the two things right & the likelihood of passing the extent 1 exam will probably be greatly enhanced.
More details about CFA mocks exams see this webpage: check here