Setting up the 300 hours of study prep is not a guarantee to passing your CFA Level 1 exam about the first attempt.

The analysis techniques & the research material you employ may play an essential part inside your failure or success.

Hence, it is of vital importance that you apply the tried & tested study methods & utilize 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

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 best ways of making sure that you know the material well as well as supplying you with the boldness that you will want to pass test.

2. Be aware of the Exam Format

Knowing the exact format with the exam will make sure that we now have no surprises & that there is absolutely no way of panic establishing which could happen in case you are surprised with something unexpected.

So simply to recap, the format with the Level 3 mock grading is really 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 minutes should be allocated per question

3. Revise the information Three to four weeks Prior to the Exam

You cannot revise enough – in fact the harder you revise & the harder practice questions & exams you are doing the harder confident you will become for tackling test not forgetting being much more comfortable & proficient with all the principles.

So allow yourself a minimum of 25 days before d-day to perform as much EOC (End of Chapter) questions & QBank (Schweser) as you possibly can to actually have an understanding of each of the material & principles.

4. Read & Understand Each Question Carefully

Because of the time restraints & the stress of sitting test, a standard mistake would be to misunderstand a matter & therefore pick the wrong answer.

It’s going to pay out to shell out a little extra time reading the question properly so we don’t misinterpret it & when it seems too involved & too frustrating you can opt to leave it & look at another you could tackle & answer quickly.

Time management techniques is very important – wasting too much effort punctually consuming questions could mean missing easier questions & wasting easy marks

5. There’s Only One Correct Answer

Be precise even though you need to sacrifice a little extra time to get your calculation right.

Tend not to rush it as being you can wind up using energy along with missing out on receiving a not too difficult question right.

Silly mistakes will surely cost valuable marks.

Finally, structured be overemphasised how important it can be to work with the most effective study materials along with doing mock exams – get these two things right & your odds of passing the level 1 exam will likely be greatly enhanced.
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