First of all, Glory to Christ Jesus. I passed the test today and I have a lot of wisdom to pass to whomever is reading this.
Just to say, I have been a discretionary trader for ~3 years so I had some knowledge about the markets prior to me studying. However, that didn’t make things easy.
I put myself mistakenly on a deadline by scheduling my test a week and 3 days(business days) simultaneously when buying this course. I know right…crazy mistake. Fortunately(or unfortunately) I am currently unemployed so I had all the time in the world to study for a week and 3 days. FYI free resources DOES NOT prepare you for any FINRA/NASSA exam. I thought I was going to fly with the free resources, but boy did I feel stupid taking Achievable quizzes and exam. Mon-Sunday I studied for at least 6 hours a day with breaks, and flew through the chapters.
I used mind maps to take my only notes. When you write down every piece of information, you understand and grasp it better. I highly recommend to take notes while you read each chapter.
I took the midterm test and all 3 exams offered by achievable and the quizzes in the chapters but not all. I will say this; Achievable quizzes and test ARE HARD. That it did piss me off, but it was for the best. I just want to say thank you to Justin Pincar & Brenden Harthun for putting up with my heated comments LOL
Anyways, here is what I went through in the test. The test is hard if you don’t understand the fundamentals holistically and in detail. The test questions are worded in away that you have to use reason and the concepts you learned, achievable does an amazing job to prepare you for any kind of questions. To be honest, the test itself was easier to some degree than the questions achievable offered…ikr
You must treat each question with respect, why? because it will humble you if you dont.
Since I used a mind map to take notes it was easy for me to draw relationships and isolate information that the question was asking.
Majority of the question that I got involved;
- Lots of Option
- Some Mutual fund (class A, front load)
- Secondary market
- underwriters
- RR and principal relationships
- LOTS OF rules & ethics
- No taxes
- Customer and RR interaction based
If you are working, study every night or when you have time. You need to keep the information fresh in your head. YOU DO. The fresher the better, there are a lot of details and rules, and if you forget one then there is no way you can do education guesses/ process of elimination in questions you don’t know effectively. Every single detail you remember will help YOU. The more you know the better you increase your odds. I will say that achievable does have a lot of useless information added, but hey, the more you know the better off you are.
Christ’s grace and love with you always, peace be with you.