Setting up the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam about the first attempt.
The study techniques & case study material you employ can play an essential part within your success or failure.
Therefore, it is crucial that you employ the tried & tested study methods & utilize best study notes to pass through this tough exam.
5 Key Tips That Will Help You Pass Your CFA Level 1 Exam
1. Receive 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 one of the simplest ways of ensuring that you know the fabric well as well as providing you with the arrogance that you will need to pass through the exam.
2. Be Familiar With test Format
Knowing the exact format in the exam will assure there are no surprises & that there’s no chance of panic setting in that may happen if you are surprised with something unexpected.
So just to recap, the format in the Level 3 mock grading 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
Typically, 1.A few minutes must be allocated for every question
3. Revise the fabric Three to four weeks Prior to Exam
You cannot revise enough – the truth is the harder you revise & the harder practice questions & exams you are doing the harder confident you may become for tackling the exam not to mention being convenient & proficient using the principles.
So give yourself a minimum of 3 weeks before d-day to accomplish numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to actually are familiar with every one of the material & principles.
4. Read & Understand Each Question Carefully
As a result of time restraints & the stress of sitting the exam, a typical mistake is always to misunderstand a matter & therefore select the wrong answer.
It’ll pay you to invest quite some time reading the question properly so we don’t misinterpret it & when it seems too involved & too frustrating you are able to choose to get forced out & go onto another that you can tackle & answer quickly.
Time management techniques is vital – wasting a lot of time punctually consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Merely one Correct Answer
Be precise in case you have to sacrifice quite some time to get your calculation right.
Do not rush becoming you could end up using time and energy in addition to losing out on finding a not too difficult question right.
Silly mistakes will cost valuable marks.
Finally, structured be overemphasised how important it’s to make use of the most effective study materials in addition to doing mock exams – get these two things right & your odds of passing the amount 1 exam will likely be greatly enhanced.
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