Setting up the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam around the first attempt.
Case study techniques & the research material you utilize will play an important part with your failure or success.
Therefore, it is crucial that you apply the tried & tested study methods & make use of the best study notes to pass 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 amongst the simplest ways of ensuring that you know the information along with along with giving you the confidence that you’ll need to pass the test.
2. Be informed about the test Format
Understanding the exact format in the exam will make sure that we now have no surprises & that there are absolutely no way of panic establishing that may happen in case you are surprised with something unexpected.
So just to recap, the format in 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
Normally, 1.A few moments should be allocated per question
3. Revise the pad 3 to 4 weeks Prior to the Exam
You cannot revise enough – in fact the greater you revise & the greater practice questions & exams you are doing the greater confident you may become for tackling the test not forgetting being more comfortable & proficient using the principles.
So give yourself at least 3 weeks before d-day to do numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to actually understand each of the material & principles.
4. Read & Understand Each Question Carefully
Because of the time limitations & the stress of sitting the test, a common mistake would be to misunderstand a question & therefore select the wrong answer.
It’ll pay out the comission to shell out a bit of time reading the question properly so we don’t misinterpret it & whether or not this seems too involved & too frustrating it is possible to choose to leave it & internet browser another that one could tackle & answer quickly.
Time management is essential – wasting too much time punctually consuming questions could mean missing easier questions & wasting easy marks
5. There exists Only 1 Correct Answer
Be precise in case you need to sacrifice a bit of time to really get your calculation right.
Usually do not rush it as you might wind up using time along with passing up on obtaining a not too difficult question right.
Silly mistakes will cost valuable marks.
Finally, structured be overemphasised how important it is to use the top study materials along with doing mock exams – get these two things right & the likelihood of passing the level 1 exam will be greatly enhanced.
For details about CFA mocks exams view the best resource: read