Setting up 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 research material you employ may play an essential part with your success or failure.
Therefore, it’s crucial the application of the tried & tested study methods & use the best study notes to pass this tough exam.
5 Key Tips That will assist you Pass Your CFA Level 1 Exam
1. Obtain the best Study Material, Practice Questions & Past Exams
Keeping the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is among the easiest ways of ensuring that you realize the fabric along with along with providing you the boldness that you’ll want to pass quality.
2. Be Familiar With the test Format
Learning the exact format of the exam will guarantee that we now have no surprises & that there’s no chance of panic setting in which can happen should you be surprised with something unexpected.
So in order to recap, the format of the CFA can 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
An average of, 1.Five minutes should be allocated for every question
3. Revise the Material Three or four weeks Prior to Exam
You are unable to revise enough – actually greater you revise & greater practice questions & exams you are doing greater confident you will become for tackling quality as well as being more at ease & proficient using the principles.
So allow no less than 21 days before d-day to perform numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to make sure you are familiar with each of the material & principles.
4. Read & Understand Each Question Carefully
Due to time restraints & pressure of sitting quality, a typical mistake is usually to misunderstand a matter & therefore select the wrong answer.
It’s going to purchase from you to shell out quite some time reading the question properly so we don’t misinterpret it & whether or not this seems too involved & too time-consuming you’ll be able to opt to leave it & search another that one could tackle & answer quickly.
Time management is very important – wasting a long time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There’s Only One Correct Answer
Be precise even if you ought to sacrifice quite some time to obtain your calculation right.
Usually do not rush it as you might end up using energy in addition to losing out on finding a relatively easy question right.
Silly mistakes will set you back valuable marks.
Finally, it can’t be overemphasised how important it can be to use the most effective study materials in addition to doing mock exams – get these two things right & your chances of passing the extent 1 exam will probably be greatly enhanced.
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