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

The analysis techniques & the analysis material you employ may play an essential part inside your failure or success.

Hence, it is crucial which you use the tried & tested study methods & utilize best study notes to pass through this tough exam.

5 Key Tips That will assist you Pass Your CFA Level 1 Exam

1. Acquire 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 probably the easiest ways of making sure that you already know the fabric along with along with giving you the boldness that you will want to pass through quality.

2. Be aware of the test Format

Having the exact format of the exam will make sure that we now have keep surprises away & that there’s no chance of panic setting in which could happen in case you are surprised with something unexpected.

So just to recap, the format of the CFA level III 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

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

3. Revise the fabric 3 or 4 weeks Before the Exam

You can not revise enough – in reality the more you revise & the more practice questions & exams you do the more confident you will become for tackling quality let alone being more at ease & proficient using the principles.

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

4. Read & Understand Each Question Carefully

Because of the time restraints & the pressure of sitting quality, perhaps the most common mistake is usually to misunderstand a question & therefore opt for the wrong answer.

It will pay out the comission to shell out a little time reading the question properly in order to not misinterpret it & when it seems too involved & too time intensive you’ll be able to choose to leave it & search another that you can tackle & answer quickly.

Personal time management is essential – wasting too much effort by the due date consuming questions can often mean missing easier questions & wasting easy marks

5. There is certainly Only One Correct Answer

Be precise although you may have to sacrifice a little time to get your calculation right.

Do not rush becoming you can end up using time along with missing getting a not too difficult question right.

Silly mistakes will definitely cost valuable marks.

Finally, structured be overemphasised how important it is to utilize the top study materials along with doing mock exams – get the above things right & your chances of passing the amount 1 exam will probably be greatly enhanced.
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