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

Investing in the 300 hours of study prep is not an guarantee to passing your CFA Level 1 exam about the first attempt.

The study techniques & the analysis material you have will play an essential part inside your failure or success.

It is therefore of vital importance that you employ the tried & tested study methods & use the best study notes to feed this tough exam.

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

1. Receive 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 best ways of making sure you understand the pad along with along with providing you the boldness that you will need to feed test.

2. Be Familiar With the test Format

Learning the exact format of the exam will guarantee that we now 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 only to recap, the format of the Level 3 mock grading 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, 1.5 minutes must be allocated for each question

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

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

So give yourself at the very least 3 weeks before d-day to complete as many EOC (End of Chapter) questions & QBank (Schweser) as possible to ensure that you understand all of the material & principles.

4. Read & Understand Each Question Carefully

Because of the time constraints & the pressure of sitting test, a common mistake would be to misunderstand a question & therefore opt for the wrong answer.

It is going to pay out the comission to invest quite some time reading the issue properly so we don’t misinterpret it & if it seems too involved & too time intensive it is possible to decide to leave it & look at another that you can tackle & answer quickly.

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

5. There exists Merely one Correct Answer

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

Do not rush becoming you may wind up using time and energy and also passing up on obtaining a relatively simple question right.

Silly mistakes will surely cost valuable marks.

Finally, it wouldn’t be overemphasised how important it can be to make use of the very best study materials and also doing mock exams – get the two things right & your chances of passing the level 1 exam will probably be greatly enhanced.
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