Setting up the 300 hours of study prep isn’t a guarantee to passing your CFA Level 1 exam around the first attempt.

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

Therefore, it is critical which you use the tried & tested study methods & make use of the best study notes to give this tough exam.

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

1. Obtain the best Study Material, Practice Questions & Past Exams

Obtaining 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 making sure you understand the information along with along with providing you the arrogance that you will want to give quality.

2. Know about quality Format

Knowing the exact format in the exam will guarantee there are no surprises & there’s absolutely no way of panic establishing which can happen if you’re surprised with something unexpected.

So in order to recap, the format in the CFA 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

Typically, 1.Five minutes must be allocated for every question

3. Revise the pad Three to four weeks Ahead of the Exam

You can’t revise enough – in reality the greater you revise & the greater practice questions & exams one does the greater confident you may become for tackling quality not forgetting being more at ease & proficient together with the principles.

So give yourself a minimum of 3 weeks before d-day to accomplish as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to make sure you are aware of all of the material & principles.

4. Read & Understand Each Question Carefully

Due to the a lack of time & the pressure of sitting quality, a standard mistake would be to misunderstand a question & therefore opt for the wrong answer.

It is going to pay you to pay a bit of time reading the question properly so we don’t misinterpret it & whether it seems too involved & too frustrating you’ll be able to decide to get forced out & go onto another you could tackle & answer quickly.

Time management planning is vital – wasting too much 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 although you may have to sacrifice a bit of time to get your calculation right.

Don’t rush becoming you could find yourself using valuable time as well as passing up on getting a easy question right.

Silly mistakes will surely cost valuable marks.

Finally, it cannot be overemphasised how important it can be to make use of the best study materials as well as doing mock exams – get the above things right & the chances of you passing the particular level 1 exam will be greatly enhanced.
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