Setting up the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam for the first attempt.
The study techniques & the study material you utilize will play a significant part within your success or failure.
Hence, it is critical that you apply the tried & tested study methods & use the best study notes to give 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
Getting the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is amongst the easiest ways of making certain you know the material well as well as providing you with the arrogance that you’ll need to give test.
2. Know about the test Format
Having the exact format in the exam will make sure that we now have no surprises & there’s no chance of panic setting in which can happen should you be surprised with something unexpected.
So only 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 minutes should be allocated for each and every question
3. Revise the fabric Three or four weeks Prior to Exam
You can’t revise enough – actually the greater you revise & the greater practice questions & exams you do the greater confident you may become for tackling test not forgetting being convenient & proficient with all the principles.
So give yourself a minimum of 21 days before d-day to do as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to ensure that you are familiar with each of the material & principles.
4. Read & Understand Each Question Carefully
Due to the a lack of time & the pressure of sitting test, a common mistake would be to misunderstand a question & therefore choose the wrong answer.
It’s going to pay out the comission to spend quite some time reading the question properly in order to not misinterpret it & if it seems too involved & too frustrating you’ll be able to plan to let it rest & look at another that one could tackle & answer quickly.
Personal time management is vital – wasting too much time punctually consuming questions could mean missing easier questions & wasting easy marks
5. There exists Just one Correct Answer
Be precise even though you must sacrifice quite some time to get your calculation right.
Usually do not rush it as being you can wind up using time and also passing up on finding a easy question right.
Silly mistakes will definitely cost valuable marks.
Finally, it cannot be overemphasised how important it’s to work with the most effective study materials and also doing mock exams – get those two things right & the chances of you passing the particular level 1 exam will be greatly enhanced.
More details about CFA take a look at the best web page: web link