Setting up the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam around the first attempt.
The analysis techniques & case study material you utilize will play a significant part in your failure or success.
Therefore, it is of vital importance that you employ the tried & tested study methods & use the best study notes to give 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
Having the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is amongst the simplest ways of making certain you know the pad along with along with providing you the boldness that you will need to give test.
2. Know about test Format
Knowing the exact format of the exam will guarantee that there are stay away from surprises & that there are absolutely no way of panic establishing which could happen if you’re surprised with something unexpected.
So simply to recap, the format of the Level 3 mock grading will 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
Typically, 1.A few moments must be allocated for each and every question
3. Revise the fabric 3 or 4 weeks Ahead of the Exam
You cannot revise enough – in reality the greater you revise & the greater practice questions & exams you do the greater confident you are going to become for tackling test as well as being more at ease & proficient with the principles.
So allow at least 21 days before d-day to accomplish as numerous EOC (End of Chapter) questions & QBank (Schweser) as possible to actually are familiar with each of the material & principles.
4. Read & Understand Each Question Carefully
Due to the time restraints & pressure to succeed of sitting test, a common mistake is always to misunderstand a matter & therefore choose the wrong answer.
It’s going to pay you to shell out a little extra time reading the issue properly in order to not misinterpret it & when it seems too involved & too frustrating you are able to opt to leave it & look at another you could tackle & answer quickly.
Time management techniques is very important – wasting a lot of time on time consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Only One Correct Answer
Be precise although you may need to sacrifice a little extra time to obtain your calculation right.
Tend not to rush it as you may turn out using energy in addition to missing out on finding a relatively simple question right.
Silly mistakes will set you back valuable marks.
Finally, it cannot be overemphasised how important it really is to work with the very best study materials in addition to doing mock exams – get those two things right & your odds of passing the amount 1 exam is going to be greatly enhanced.
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