Just wanted to thank the achievable team for the great study material provided. I will say that through the 1st 15 questions or so I felt extremely discouraged and most of them I flagged for review. It felt like nothing I read on the achievable material at all. Maybe those were some eval questions, but I definitely felt more comfortable as it went along. Wording was indeed different so I would suggest taking additional practice tests outside of what’s provided on achievable. There are many free ones you can find out there.
The test was also EXPONENTIALLY more difficult than the free practice test provided on the FINRA website or any other practice test I took. You need to understand the concepts and reasons for why the regulations/rules exist and why they make sense. Rather than focusing on memorization (which is obviously still important), focus on applying what you learn to different possible cases. Many questions presented a “scenario” where I needed to apply that knowledge.
I do have option trading experience which helped as I remember getting 3 or 4 questions. A question I received which I don’t remember seeing on Achievable (haven’t gone back in to check) was a stock spilt and its effect on an option contract. (ABC stock @ $50 and a 2:1 forward split, what happens to the long $50 call purchased for $5?). Just thought I’d mention it.
Know them. All of them. Everything about them. And then continue hating them. That is all.
Series 7 next, but are there any plans on a Series 57 program?
Thanks again to the Achievable Team, and good luck to all those in testing soon!