Do you think that it's fair that they make us pass this damn test in order to get 20:1 leverage or more? Opinions?
I am getting ready to take it myself, I found a good book: "Pass The 7" by Robert Walker Firstbooks.com also has audio / and pdf based products that you can purchase and download, and they have been useful so far. They all avoid the BS and jargon with concrete, useful examples. I don't think its a bad thing now that I have the right resource to prepare for it.
I am in the middle of this and its the biggest unnecessary piece of crap i have ever seen... They should have a Prop Test or something for those moving in that direction and not in the direction of a true broker dealer... The Series 7 for traders who are never going to have broker clients is ridiculous. Major major bucks... for FINRA...
I personally think the test is a waste of time, however, keep in mind you are trading OPM to get higher than 4:1 retail intraday BP. Study and take it, it is not like passing the BAR exam! el surdo
As long as you have it hung at a FINRA BD, all you do is take continuing education. You better get the study guide now! el surdo needs a drink
i'm currently studying a guide 2 years old... it still has the NASD stuff, has much changed that would make it a must to buy a new one?
Put more info on that book. Is it worh it.. I like practicing been averaging higher post more info on study techninques
No, after 2 years you take a test you "can't" fail as continuing ed. They just keep asking the same question until you get them right. Then 3 years. I have to do mine in a few weeks...not a big deal... as with all these darn tests. Don