Five Key Tricks to Pass Your CFA Level 1 Exam About the First Attempt

Investing in 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 use may play an important part with your failure or success.

It is therefore of vital importance that you apply the tried & tested study methods & make use of the best study notes to pass through this tough exam.

5 Key Tips That Will Help You Pass Your CFA Level 1 Exam

1. Get 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 probably the simplest ways of ensuring that you realize the pad along with along with giving you the confidence that you’ll want to pass through the test.

2. Know about test Format

Knowing the exact format from the exam will make sure that you have stay away from surprises & that there are no chance of panic setting in that may happen should you be surprised with something unexpected.

So just to recap, the format from 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

An average of, 1.Five minutes needs to be allocated for each question

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

You can not revise enough – in reality the harder you revise & the harder practice questions & exams you do the harder confident you may become for tackling the test let alone being more at ease & proficient together with the principles.

So allow yourself no less than 30 days before d-day to accomplish as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to successfully have an understanding of every one of the material & principles.

4. Read & Understand Each Question Carefully

As a result of a lack of time & the stress of sitting the test, a standard mistake would be to misunderstand a matter & therefore select the wrong answer.

It’ll pay you to spend quite some time reading the question properly so we don’t misinterpret it & if it seems too involved & too frustrating it is possible to plan to let it sit & search another that one could tackle & answer quickly.

Time management planning is essential – wasting a long time by the due date consuming questions can often mean missing easier questions & wasting easy marks

5. There exists Just one Correct Answer

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

Do not rush it as you might turn out using time and also losing out on finding a relatively simple question right.

Silly mistakes will set you back valuable marks.

Finally, it cannot be overemphasised how important it can be to make use of the most effective study materials and also doing mock exams – get these two things right & your odds of passing the level 1 exam is going to be greatly enhanced.
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