Setting up the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam about the first attempt.
The analysis techniques & case study material you employ may play an essential part with your failure or success.
It is therefore crucial that you apply the tried & tested study methods & utilize best study notes to pass through this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Get 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 probably the best ways of making sure that you understand the pad along with along with providing you the boldness that you will want to pass through the test.
2. Know about test Format
Knowing the exact format in the exam will guarantee that there are keep surprises away & that there are absolutely no way of panic establishing which could happen in case you are surprised with something unexpected.
So in order 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
Typically, 1.A few moments needs to be allocated for every question
3. Revise the pad 3 to 4 weeks Ahead of the Exam
You can’t revise enough – in fact the harder you revise & the harder practice questions & exams you are doing the harder confident you are going to become for tackling the test not forgetting being convenient & proficient with the principles.
So allow yourself at least 21 days before d-day to accomplish as numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to actually have an understanding of all of the material & principles.
4. Read & Understand Each Question Carefully
Because of the a lack of time & the stress of sitting the test, a common mistake is always to misunderstand something & therefore select the wrong answer.
It will pay you to pay a little time reading the question properly in order to not misinterpret it & whether it seems too involved & too time-consuming you can plan to get forced out & search another that you could tackle & answer quickly.
Personal time management is essential – wasting a long time by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There’s Only 1 Correct Answer
Be precise in case you need to sacrifice a little time to get your calculation right.
Do not rush it as you may end up using time and energy in addition to missing obtaining a easy question right.
Silly mistakes will cost valuable marks.
Finally, structured be overemphasised how important it really is to work with the best study materials in addition to doing mock exams – get the two things right & the likelihood of passing the particular level 1 exam will probably be greatly enhanced.
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