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kmgilroy89
 

Registered: May 2012
Posts: 375

 

07-30-12 10:20 PM

How well does this study guide reflect what's on the test?
http://www.prop-trading.com/finra-series-56-outline/

This looks like many of the facts that we need to know to pass the test. I like it, because it cuts out the filler in the CBOE and Pass Perfect which are hundreds of pages long. I don't know if it's exhaustive enough to get a 70 on the test though?

Thank you.

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ScalperJoe
 

Registered: Mar 2010
Posts: 608

 

08-02-12 05:43 AM

The list clearly contains a disclaimer:

"This outline is meant to compliment your reading material and not to be used as a supplement."

The outline seems fairly accurate, however I don't see how it's possible to simply study this outline and pass with a 70.

In other words, there's no way around putting in the time and effort to study from either the CBOE, Pass Perfect, or other materials.

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EvOTraderV2
 

Registered: Jan 2012
Posts: 317

 

08-03-12 06:28 PM

It seems like they have a more thorough review here: http://www.prop-trading.com/series-56-study-guide/

However, you should not rely on this. You will fail. Take the time and read the book & do the practice exams. Studying from an outline or someone else's notes makes your chances of failing much greater.

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Pulsarcapre
 

Registered: Nov 2011
Posts: 2

 

08-20-12 02:11 PM

Dude, the real test is significantly harder. I secured the practice materials through the CBOE - it comes with a cheat sheet and a 200 page booklet made up of 5 sections. There's also practice tests online.

I read the disclaimer about not all material being covered and the online tests being easier, but I was not prepared in the slightest for the actual test.

I was scoring 90-100 on the online tests, but they really don't cover all of the material and the actual test is difficultly worded and covers a lot of material that isn't in the booklets.

however, I scored a 72/100 and passed after an anxiety filled morning during which I actually prayed or tried to psycically intuit about 5 answers.

It's kind of a crap shoot, but if you master the practice materials and I mean really master them, you can pass the test. I'm living proof.

PM me if you want to chat about it.

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LEAPup
 

Registered: Aug 2008
Posts: 4105

 

08-21-12 07:49 AM

Why aren't you guys taking the S7? There's plenty of material out there for this one.

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kmgilroy89
 

Registered: May 2012
Posts: 375

 

08-21-12 02:03 PM

I passed with a 79. Study the Pass Perfect and CBOE Review. I didn't do the practice exams, but did the questions are the end of the sections in Pass Perfect. Some firms want you to take the 56 so the 7 isn't always an option.

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