A few Key Tricks to Pass Your CFA Level 1 Exam Around the First Attempt

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

Case study techniques & the study material you utilize may play an essential part within your success or failure.


Hence, it is of vital importance that you employ the tried & tested study methods & utilize best study notes to give this tough exam.

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

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

Keeping 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 making sure that you already know the information along with along with providing you the confidence that you will want to give the test.

2. Be aware of the Exam Format

Understanding the exact format of the exam will make sure that you have no surprises & that there are no chance of panic establishing which can happen in case you are surprised with something unexpected.

So just to recap, the format of 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

On average, 1.A few moments should be allocated for every question

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

You cannot revise enough – in reality the more you revise & the more practice questions & exams one does the more confident you are going to become for tackling the test not forgetting being more comfortable & proficient with the principles.

So give yourself at least 21 days before d-day to do as many EOC (End of Chapter) questions & QBank (Schweser) as you can to make sure you are aware of all the material & principles.

4. Read & Understand Each Question Carefully

Because of the time restraints & the pressure of sitting the test, a typical mistake is usually to misunderstand something & therefore select the wrong answer.

It is going to purchase from you to shell out quite some time reading the question properly so we don’t misinterpret it & whether it seems too involved & too time intensive you’ll be able to opt to let it rest & search another that you can tackle & answer quickly.

Time management techniques is essential – wasting too much 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 even though you must sacrifice quite some time to really get your calculation right.

Do not rush it as being you could turn out using time and energy as well as missing receiving a relatively simple question right.

Silly mistakes will surely cost valuable marks.

Finally, it wouldn’t be overemphasised how important it can be to use the most effective study materials as well as doing mock exams – get the above things right & your chances of passing the level 1 exam will probably be greatly enhanced.
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