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 analysis material you use will play an important part with your failure or success.
Therefore, it is crucial that you employ the tried & tested study methods & make use of the best study notes to pass 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
Having the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is among the simplest ways of making certain you realize the material along with along with giving you the arrogance that you will need to pass test.
2. Know about quality Format
Knowing the exact format of the exam will make sure that we now have stay away from surprises & that there are no chance of panic establishing which can happen should you be surprised with something unexpected.
So in order to recap, the format of the CFA will be as follows;
Format: multiple-choice
Questions:
240 equally weighted questions
Morning Session: 120 questions;
Afternoon Session: 120 questions
Each question has three answer choices
On average, 1.5 minutes ought to be allocated for every question
3. Revise the fabric Three or four weeks Prior to Exam
You can’t revise enough – in reality the more you revise & the more practice questions & exams you do the more confident you will become for tackling test as well as being much more comfortable & proficient using the principles.
So have at the very least 21 days before d-day to complete as much EOC (End of Chapter) questions & QBank (Schweser) as you can to actually understand all of the material & principles.
4. Read & Understand Each Question Carefully
As a result of a lack of time & pressure to succeed of sitting test, a standard mistake is to misunderstand an issue & therefore opt for the wrong answer.
It’s going to purchase from you to invest a little extra time reading the issue properly in order to not misinterpret it & whether or not this seems too involved & too frustrating you can plan to get forced out & search another that you could tackle & answer quickly.
Personal time management is essential – wasting too much time by the due date consuming questions could mean missing easier questions & wasting easy marks
5. There is certainly Only One Correct Answer
Be precise in case you need to sacrifice a little extra time to really get your calculation right.
Do not rush becoming you may turn out using time and energy and also passing up on getting a relatively simple question right.
Silly mistakes will definitely cost valuable marks.
Finally, it cannot be overemphasised how important it really is to make use of the top study materials and also doing mock exams – get the two things right & the chances of you passing the level 1 exam will be greatly enhanced.
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