Wanna know the best tips for CFA exam?
As a CFA competitor, I’ve battled with finding the time and inspiration expected to pass the CFA exam. While achievement or disappointment will at last rely on upon whether I’ve put in my hours of study and disguised the gigantic applicant assemblage of learning, there are a couple tips that I’ve got along the way in the last minutes.
Know Your Calculator
Here are a few of the functions that the BA II Plus Professional can handle: Bond duration, annual rate to effective yield, depreciation (straight line and several accelerated depreciation functions,) standard deviation, covariance, payback period, and discounted payback period, and many others. Be sure to use the calculator manual during your studies so that you know exactly what your calculator is capable of doing for you.
Remember to use the STO and RCL buttons to store and recall the results of complex calculations. It’s not uncommon to make an error when punching in a complicated series of numbers. Saving each step in calculator memory can save you from having to re-enter a whole calculation due to one error.
Keep in mind to utilize the STO and RCL catches to store and review the consequences of complex counts. It’s not remarkable to make a mistake when punching in an entangled arrangement of numbers. Sparing every progression in adding machine memory can spare you from having to re-enter an entire count because of one blunder.
Take as much time as necessary
Notwithstanding how quick you are as a test-taker, utilize all the time you can to guarantee that you give the most ideal response for every inquiry. Pace yourself utilizing a wristwatch (permitted amid the exam) with the goal that you know you are on track and attempt to complete the whole exam in three hours.
On the off chance that you wind up with additional time before the exam is over, do a reversal over any inquiries that gave you inconvenience. It’s insightful to answer every inquiry, regardless of the fact that you’re not certain of your answer, as opposed to abandoning them clear, on the off chance that you come up short on time. Leaving a clear spot in your answer sheet likewise chances noting future inquiries in the wrong spot, driving you to do a reversal and fix the blunders later.
Revise All the Main points along with Do the Practice of CFA Exam
One of the most common advices that I have given to many candidates is that you should make a summary for each reading in the LOS, which will finally be very useful for you in the last days before sitting on the exam. There are many tools to do that whether you can note down on your own handbook or use some note-taking programs to do this. We often recommend people making Mind Maps to summarize everything of the reading on ONE PAGE.
Look at the Mind Maps below and see.
With a Mind Map, everything seems to be much easier. You can see the whole reading overall. So don’t you think it is much easier for you now in these last days to revise everything with a Mind Map? Many candidates have told us that in these last days, they just use these mind maps to revise. NO MORE OTHER MATERIALS.
And of course, many of you have no time to do this. We have a lot other things to do like our family stuffs or workload so many of you cannot finish the whole summaries that you have started. But don’t worry; we have made for you all. You can download some FREE CFA Mind Maps for level 1&2 here.
Along with revise everything, you should do Practice Exam do. We strongly recommend you use Mock Exam and Practice Question in Curriculum books. Why? You know who hold the exam and make questions? CFA Institute.
Download some FREE Practice CFA Exam here.
Dissimilar to numerous different decision exams, the CFA exam configuration is intended to rebuff speculating. Intermittently, exam authors will give wrong answers that incorporate imperative keywords, to bait the individuals who do not have a point by point comprehension of the material. Be that as it may, in the event that you are stood up to with an inquiry that you truly don’t have the foggiest idea, you’ll have to figure. Keep an eye out for answers that don’t generally answer the inquiry. Here and there, you’ll see answers that could most likely be right, however they don’t generally apply to the inquiry being inquired. On the off chance that two choices say the same thing, each is most likely off-base.
(Original by Francesca McLin)