Applying the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam for the first attempt.
The research techniques & the analysis material you employ can play an important part in your success or failure.
Therefore, it’s of vital importance the application of the tried & tested study methods & make use of 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
Obtaining the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is among the best ways of making certain you realize the information along with along with supplying you with the confidence that you’ll want to feed the exam.
2. Know about quality Format
Having the exact format from the exam will assure that we now have keep surprises away & that there’s no chance of panic establishing which can happen in case you are surprised with something unexpected.
So just to recap, the format from the CFA mocks exams 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 needs to be allocated for each and every question
3. Revise the fabric Three or four weeks Prior to the Exam
You cannot revise enough – the truth is the more you revise & the more practice questions & exams you need to do the more confident you may become for tackling the exam as well as being much more comfortable & proficient together with the principles.
So have at least 25 days before d-day to perform as much EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to actually understand all the material & principles.
4. Read & Understand Each Question Carefully
Due to a lack of time & pressure of sitting the exam, a typical mistake is always to misunderstand something & therefore pick the wrong answer.
It’s going to pay out the comission to shell out a little extra time reading the issue properly so we don’t misinterpret it & whether or not this seems too involved & too frustrating you can choose to let it sit & search another you could tackle & answer quickly.
Time management is critical – wasting a long time punctually consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Just one Correct Answer
Be precise even though you ought to sacrifice a little extra time to get your calculation right.
Don’t rush becoming you might find yourself using time and also losing out on getting a not too difficult question right.
Silly mistakes will cost valuable marks.
Finally, it cannot be overemphasised how important it can be to work with the most effective study materials and also doing mock exams – get the two things right & your chances of passing the extent 1 exam is going to be greatly enhanced.
For more details about CFA mocks exams you can check our resource: read more