Setting up the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam for the first attempt.
The analysis techniques & the study material you have will have an essential part inside your failure or success.
Therefore, it’s critical that you employ the tried & tested study methods & utilize the best study notes to feed this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Receive the best Study Material, Practice Questions & Past Exams
Getting 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 understand the pad along with along with providing you with the boldness that you will need to feed test.
2. Be Familiar With quality Format
Having the exact format with the exam will guarantee that there are no surprises & that there’s absolutely no way of panic setting in which may happen should you be surprised with something unexpected.
So in order to recap, the format with 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
On average, 1.A few moments ought to be allocated per question
3. Revise the pad Three or four weeks Prior to Exam
You can not revise enough – the truth is the greater you revise & the greater practice questions & exams you are doing the greater confident you’ll become for tackling test let alone being more comfortable & proficient with all the principles.
So allow yourself at least 25 days before d-day to complete as many EOC (End of Chapter) questions & QBank (Schweser) as you can to successfully are aware of each of the material & principles.
4. Read & Understand Each Question Carefully
As a result of time limitations & the pressure of sitting test, a typical mistake is usually to misunderstand an issue & therefore select the wrong answer.
It’s going to pay you to shell out a little time reading the issue properly in order to not misinterpret it & whether it seems too involved & too time-consuming it is possible to decide to leave it & internet browser another you could tackle & answer quickly.
Time management planning is vital – wasting too much effort punctually consuming questions can often mean missing easier questions & wasting easy marks
5. There is certainly Only 1 Correct Answer
Be precise in case you ought to sacrifice a little time to obtain your calculation right.
Don’t rush it as being you could find yourself using valuable time in addition to passing up on obtaining a easy question right.
Silly mistakes will surely cost valuable marks.
Finally, it wouldn’t be overemphasised how important it can be to use the best study materials in addition to doing mock exams – get the two things right & your chances of passing the amount 1 exam will likely be greatly enhanced.
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