Putting in the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam for the first attempt.
The research techniques & the analysis material you employ will have an important part inside your failure or success.
Hence, it is crucial that you apply the tried & tested study methods & make use of the best study notes to feed this tough exam.
5 Key Tips That may help you Pass Your CFA Level 1 Exam
1. Acquire 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 probably the easiest ways of making certain you already know the pad well as well as providing you the confidence that you will need to feed quality.
2. Be aware of test Format
Learning the exact format from the exam will guarantee that you have no surprises & that there’s no chance of panic setting in which could happen if you’re surprised with something unexpected.
So in order to recap, the format from the CFA level III 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
An average of, 1.A few moments ought to be allocated for every question
3. Revise the fabric 3 to 4 weeks Prior to the Exam
You cannot revise enough – the truth is greater you revise & greater practice questions & exams you are doing greater confident you may become for tackling quality let alone being more comfortable & proficient with all the principles.
So allow a minimum of 25 days before d-day to accomplish as much EOC (End of Chapter) questions & QBank (Schweser) as possible to actually are aware of every one of the material & principles.
4. Read & Understand Each Question Carefully
Due to the a lack of time & the pressure of sitting quality, a standard mistake would be to misunderstand a matter & therefore select the wrong answer.
It is going to purchase from you to shell out a little time reading the issue properly so we don’t misinterpret it & whether or not this seems too involved & too time intensive you are able to decide to get forced out & look at another that you can tackle & answer quickly.
Time management is vital – wasting a lot of time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Only 1 Correct Answer
Be precise although you may ought to sacrifice a little time to obtain your calculation right.
Tend not to rush it as being you could find yourself using valuable time and also missing out on receiving a not too difficult question right.
Silly mistakes will definitely cost valuable marks.
Finally, it cannot be overemphasised how important it can be to work with the top study materials and also doing mock exams – get the two things right & the chances of you passing the extent 1 exam will probably be greatly enhanced.
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