Applying the 300 hours of study prep is very little guarantee to passing your CFA Level 1 exam on the first attempt.

The research techniques & the analysis material you utilize can play an essential part in your success or failure.

Therefore, it is of vital importance the application of the tried & tested study methods & use the best study notes to give this tough exam.

5 Key Tips That may help you Pass Your CFA Level 1 Exam

1. Obtain the best Study Material, Practice Questions & Past Exams

Getting the best study materials, including books, study guides, prep books & videos, will stand you in good stead.

Doing past papers is amongst the easiest ways of making sure that you know the material along with along with giving you the arrogance that you will want to give the test.

2. Be Familiar With the test Format

Understanding the exact format with the exam will assure that there are stay away from surprises & there’s no chance of panic setting in which may happen if you are surprised with something unexpected.

So simply to recap, the format with the CFA level III 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

Normally, 1.Five minutes needs to be allocated per question

3. Revise the pad Three or four weeks Prior to Exam

You can’t revise enough – the truth is greater you revise & greater practice questions & exams one does greater confident you are going to become for tackling the test let alone being convenient & proficient using the principles.

So allow yourself at the very least 21 days before d-day to perform numerous EOC (End of Chapter) questions & QBank (Schweser) as is possible to successfully understand all of the material & principles.

4. Read & Understand Each Question Carefully

Because of the time restraints & the pressure of sitting the test, a typical mistake is usually to misunderstand an issue & therefore pick the wrong answer.

It is going to purchase from you to invest quite some time reading the question properly so we don’t misinterpret it & whether or not this seems too involved & too time-consuming it is possible to plan to leave it & search another that one could tackle & answer quickly.

Time management is critical – wasting a long time punctually consuming questions can often mean missing easier questions & wasting easy marks

5. There exists Only 1 Correct Answer

Be precise in case you have to sacrifice quite some time to obtain your calculation right.

Tend not to rush it you can wind up using energy as well as passing up on finding a not too difficult question right.

Silly mistakes will surely cost valuable marks.

Finally, it cannot be overemphasised how important it is to use the most effective study materials as well as doing mock exams – get these two things right & the likelihood of passing the level 1 exam will likely be greatly enhanced.
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