Your five Key Tips To Pass Your CFA Level 1 Exam On the First Attempt

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

The research techniques & the study material you utilize will have a crucial part within your success or failure.

Therefore, it’s 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 help Pass Your CFA Level 1 Exam

1. Receive 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 one of the most effective ways of ensuring that you know the material well as well as providing you with the confidence that you’ll need to pass quality.

2. Be informed about the test Format

Knowing the exact format with the exam will assure that you have no surprises & that there’s no chance of panic setting in which can happen should you be surprised with something unexpected.

So in order to recap, the format with the CFA 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

On average, 1.A few moments must be allocated for each question

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

You can not revise enough – the truth is the more you revise & the more practice questions & exams you are doing the more confident you are going to become for tackling quality let alone being more comfortable & proficient with all the principles.

So give yourself a minimum of 21 days before d-day to perform as much EOC (End of Chapter) questions & QBank (Schweser) as you can to successfully understand all of the material & principles.

4. Read & Understand Each Question Carefully

As a result of time restraints & the stress of sitting quality, a typical mistake would be to misunderstand an issue & therefore choose the wrong answer.

It’s going to pay out the comission to pay quite some time reading the question properly in order to not misinterpret it & whether or not this seems too involved & too frustrating it is possible to plan to let it rest & internet browser another you could tackle & answer quickly.

Personal time management is very important – wasting a lot of time on time consuming questions can often mean missing easier questions & wasting easy marks

5. There exists Just one Correct Answer

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

Usually do not rush it as being you can wind up using time as well as missing finding a relatively simple question right.

Silly mistakes will definitely cost valuable marks.

Finally, structured be overemphasised how important it is to make use of the very best study materials as well as doing mock exams – get the above things right & your chances of passing the extent 1 exam will probably be greatly enhanced.
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