Applying the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam on the first attempt.
The study techniques & case study material you have may play a crucial part within your success or failure.
Therefore, it is critical the application of the tried & tested study methods & utilize best study notes to give this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Receive the best Study Material, Practice Questions & Past Exams
Having the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is one of the easiest ways of ensuring that you realize the information well as well as giving you the confidence that you will want to give quality.
2. Know about the Exam Format
Learning the exact format with the exam will guarantee there are keep surprises away & that there is absolutely no way of panic setting in that may happen in case you are surprised with something unexpected.
So in order to recap, the format with the CFA 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
Normally, 1.Five minutes needs to be allocated for each and every question
3. Revise the pad Three or four weeks Prior to Exam
You can not revise enough – in reality the greater you revise & the greater practice questions & exams you are doing the greater confident you are going to become for tackling quality as well as being convenient & proficient with all the principles.
So allow yourself a minimum of 21 days before d-day to do as numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to successfully are aware of all the material & principles.
4. Read & Understand Each Question Carefully
Because of the time limitations & pressure to succeed of sitting quality, a standard mistake would be to misunderstand an issue & therefore pick the wrong answer.
It’ll pay out the comission to invest a little extra time reading the question properly in order to not misinterpret it & whether or not this seems too involved & too frustrating you can decide to leave it & internet browser another you could tackle & answer quickly.
Time management techniques is vital – wasting a long time by the due date consuming questions could mean missing easier questions & wasting easy marks
5. There Is Only One Correct Answer
Be precise in case you must sacrifice a little extra time to get your calculation right.
Don’t rush becoming you could find yourself using valuable time in addition to missing obtaining a relatively simple question right.
Silly mistakes will cost valuable marks.
Finally, it wouldn’t be overemphasised how important it is to use the best study materials in addition to doing mock exams – get those two things right & your odds of passing the amount 1 exam will probably be greatly enhanced.
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