Someone told me the questions in the actual test are easier than the practice exam. Is this true? Or do they make the test as hard as possible to collect as many $300 fees as possible for each time we fail? :eek:
In following the above advice - and AFTER you've read EACH chapter - you can also highlight the correct answers to the questions at the end of the chapters. Now you are reviewing each question and only the correct answer. When not at a computer to use the diskette question review, this book read-answer-only technique is virtually the same as practicing with the diskettes. Remember, f__l is a four letter word. Leave it out of your vocabulary, period. It will help you immeasurably when trading. Most traders who didn't pass the Series 7 the first time admit that they really didn't spend the hours necessary to get it all down. And, as Don & Bob Bright say, although this exam has nothing to do with trading per se, passing the Series 7 is just the first test of the mettle of a new trader's discipline.... Good luck!
I looked on the website and found nothing concerning an age limit. If there was one I would imagine it to be 18 as my best guess.
In that situation - say, for Options - keep your thumb on the short answer explanations at the end of the manual chapter or exam books as you review your highlighted question-answers or the diskettes. That way you stay in the question-answer- explanation mode without having to search back in the chapter to re-read. Or worse, go on to the next question all steamed and no satisfaction.... And, mix it up a little... Read your PASS PERFECT Glossary or Quick 7 pocket-book on some days to help "see" it all from a different angle. Isn't one of the prior post suggestions/ admonitions to know definitions, anyway...? Except for a little tweakin' here and there, and maybe a few whacks upside the head, you already appear to be on track, Bluedog...!
Learn from the practice tests. Make sure u read whatever book u get tho... I used STC... passed it easily. I think I studied... a full 3-4 days. 80%. 1 shot. 250 questions in 6 hours is plenty. I finished the whole thing in about 3 hours. 1:15 for the first half... 30 minute break.. 1:15 for the next half. Plenty. If you know the answer... you'll know it when you read it. The only questions u might have to spend time on is calculating the dates.... margin requirement stuff... and options p/l. Other than that, you'll either know them, or u don't. Wasting your time staring at a question justs wastes your time, and possibly make you forget other things! So if you dont know! Guess, and move on!. Focus on the options and municipals! I also agree with the other post.... know the definitions. They help! Also, don't get too stressed out about it. THink of it this way. Stock brokers.... the cold calling, most pathetic scum, of the financial industry... all passed the s7. So how hard can it be right? xbrxx
I know a few guys that took a class that prep. them for the test...If i had to take it again i would look into the class ....it really helped them good luck m