Putting in the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam about the first attempt.
The research techniques & the study material you utilize will have a significant part with your failure or success.
It is therefore critical the application of the tried & tested study methods & make use of the best study notes to pass this tough exam.
5 Key Tips That will help Pass Your CFA Level 1 Exam
1. Acquire 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 amongst the most effective ways of making sure you understand the material along with along with providing you with the boldness that you will need to pass the exam.
2. Know about test Format
Having the exact format from the exam will ensure that we now have stay away from surprises & that there is absolutely no way of panic establishing which may happen should you be surprised with something unexpected.
So just to recap, the format from 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.Five minutes must be allocated for every question
3. Revise the information 3 or 4 weeks Before the Exam
You cannot revise enough – actually the harder you revise & the harder practice questions & exams you are doing the harder confident you are going to become for tackling the exam as well as being convenient & proficient together with the principles.
So have at least 3 weeks before d-day to accomplish as much EOC (End of Chapter) questions & QBank (Schweser) as possible to make sure you are aware of each of the material & principles.
4. Read & Understand Each Question Carefully
As a result of time constraints & pressure of sitting the exam, a common mistake is to misunderstand a question & 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 or not this seems too involved & too time-consuming it is possible to choose to let it rest & go onto another you could tackle & answer quickly.
Time management is vital – wasting too much effort by the due date consuming questions can often mean missing easier questions & wasting easy marks
5. There Is Only 1 Correct Answer
Be precise even if you must sacrifice a little time to really get your calculation right.
Tend not to rush it you may turn out using time along with passing up on receiving a relatively easy question right.
Silly mistakes will cost valuable marks.
Finally, structured be overemphasised how important it can be to work with the very best study materials along with doing mock exams – get the above things right & your chances of passing the amount 1 exam is going to be greatly enhanced.
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