Setting up the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam about the first attempt.
The study techniques & the research material you utilize will have an important part inside your failure or success.
Hence, it is of vital importance the application of the tried & tested study methods & use the best study notes to feed 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
Having the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is amongst the simplest ways of making sure you already know the information well as well as giving you the arrogance that you’ll need to feed the exam.
2. Be informed about the test Format
Knowing the exact format of the exam will assure that we now have keep surprises away & that there’s absolutely no way of panic establishing which can happen if you are surprised with something unexpected.
So just to recap, the format of 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
An average of, 1.5 minutes must be allocated per question
3. Revise the information 3 to 4 weeks Before 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 not to mention being convenient & proficient using the principles.
So allow yourself a minimum of 21 days before d-day to accomplish as many EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to make sure you understand all the material & principles.
4. Read & Understand Each Question Carefully
As a result of a lack of time & the pressure of sitting the exam, a standard mistake is to misunderstand a matter & therefore select the wrong answer.
It is going to pay out to invest a little extra time reading the issue properly in order to not misinterpret it & if it seems too involved & too time-consuming it is possible to opt to get forced out & internet browser another that you could tackle & answer quickly.
Time management planning is vital – wasting a lot of time by the due date consuming questions could mean missing easier questions & wasting easy marks
5. There Is Merely one Correct Answer
Be precise even though you need to sacrifice a little extra time to obtain your calculation right.
Usually do not rush it as you may turn out using valuable time and also losing out on obtaining a relatively easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it is to make use of the most effective study materials and also doing mock exams – get those two things right & your odds of passing the amount 1 exam is going to be greatly enhanced.
For more information about CFA go our new internet page: this site