Before approaching an assigned reading, review the LOS for that reading. These learning outcomes indicate what you should be able to accomplish after studying that reading.
When you have finished the reading, close the book and determine whether you can accomplish the action specified by the LOS.
70% is a fine score. This means that on Level 1, for instance, you can miss 72 ( out of 240) questions.
Your total score on the examination is the number of questions answered correctly. No deduction is taken for incorrect responses and you will not be penalized for guessing. You should attempt to answer all questions.
No individual has ever received a perfect score on any level of the CFA examinations, examination questions are challenging and there is a great deal to master.
Remember, 100% is NOT the goal here, passing is the goal!
Study each book thoroughly.
Every single paragraph counts.
CFA loves to test you on topics that majority of people think it is a less than important.
CFA programs tests are designed to test your breadth of your knowledge as opposed to the depth.
The overal curriculum and study guide for CFA ( I.e the textbooks you receive when you register) is over 2000 pages.
Long story short, you will need over 300 hours of study time or if you are working full time then 6 months of preparation time to do well in the exams.
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