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 have will have a crucial part with your success or failure.

It is therefore critical the application of the tried & tested study methods & make use of the best study notes to pass through this tough exam.

5 Key Tips That Will Help 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 amongst the best ways of making sure that you already know the fabric well as well as giving you the boldness that you’ll need to pass through the exam.

2. Be aware of quality Format

Having the exact format in the exam will make sure that you have keep surprises away & that there is absolutely no way of panic establishing which could happen should you be surprised with something unexpected.

So in order to recap, the format in the Level 3 mock grading 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 needs to be allocated for each and every question

3. Revise the information 3 or 4 weeks Ahead of the Exam

You are unable to revise enough – in fact the harder you revise & the harder practice questions & exams one does the harder confident you will become for tackling the exam let alone being more at ease & proficient together with the principles.

So allow yourself a minimum of 30 days before d-day to do as numerous EOC (End of Chapter) questions & QBank (Schweser) as you can to actually are familiar with each of the material & principles.

4. Read & Understand Each Question Carefully

Due to time constraints & the pressure of sitting the exam, a typical mistake is usually to misunderstand something & therefore choose the wrong answer.

It is going to pay you to pay quite some time reading the question properly in order to not misinterpret it & if it seems too involved & too time-consuming you’ll be able to decide to let it sit & search another you could tackle & answer quickly.

Time management is essential – wasting a lot of time promptly consuming questions can often mean missing easier questions & wasting easy marks

5. There is certainly Just one Correct Answer

Be precise even though you ought to sacrifice quite some time to obtain your calculation right.

Don’t rush it as you can turn out using time and energy along with losing out on obtaining a relatively easy question right.

Silly mistakes will cost valuable marks.

Finally, it can’t be overemphasised how important it can be to work with the very best study materials along with doing mock exams – get these two things right & your odds of passing the extent 1 exam will be greatly enhanced.
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