Setting up the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam about the first attempt.
The analysis techniques & the analysis material you use may play a significant part within your success or failure.
Therefore, it is of vital importance that you apply the tried & tested study methods & make use of 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
Keeping the best study materials, including books, study guides, prep books & videos, will stand you in good stead.
Doing past papers is among the easiest ways of making sure that you realize the pad along with along with supplying you with the confidence that you’ll want to pass the exam.
2. Know about quality Format
Understanding the exact format in the exam will make sure that there are no surprises & that there is no chance of panic establishing which could happen in case you are surprised with something unexpected.
So simply to recap, the format in the CFA level III can 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
On average, 1.5 minutes needs to be allocated for each and every question
3. Revise the fabric Three to four weeks Ahead of the Exam
You are unable to revise enough – in reality the greater you revise & the greater practice questions & exams you are doing the greater confident you’ll become for tackling the exam not forgetting being more at ease & proficient together with the principles.
So allow a minimum of 3 weeks before d-day to do as much EOC (End of Chapter) questions & QBank (Schweser) as you can to actually are aware of all the material & principles.
4. Read & Understand Each Question Carefully
Due to the time restraints & the stress of sitting the exam, perhaps the most common mistake would be to misunderstand a matter & therefore pick the wrong answer.
It’s going to pay you to invest a little extra time reading the question properly so we don’t misinterpret it & when it seems too involved & too time-consuming it is possible to choose to let it sit & look at another that one could tackle & answer quickly.
Personal time management is critical – wasting a lot of time promptly consuming questions can often mean missing easier questions & wasting easy marks
5. There exists Just one Correct Answer
Be precise even if you have to sacrifice a little extra time to obtain your calculation right.
Tend not to rush becoming you might wind up using energy in addition to missing out on finding a not too difficult question right.
Silly mistakes will cost valuable marks.
Finally, it wouldn’t be overemphasised how important it is to use the best study materials in addition to doing mock exams – get these two things right & your odds of passing the extent 1 exam will probably be greatly enhanced.
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