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Series 57 study materials

  1. I have to take the new Series 57 exam, did anybody used Knopman Marks study materials? or can somebody who passed the exam recommend any other material or advice on what to pay attention. Thanks
     
  2. STC has pretty good material - lots of practice tests.
     
  3. Do not use stc. Use knopman. I failed the exam using stc's supposed new 57 material. Knopmans online tests are on par with the difficulty of the real exam. I am retaking the exam on thursday and have used knopman for the past two weeks.
     
  4. I have used STC before for the 7 and 24 with success, I wasn't aware that their 57 material was not up to par, sorry for the misinformation.
     
  5. Thanks for your advice mj rai. Did you passed second time using Knopman's materials? I'll appreciate your experience to know on what to focus.
     
  6. Definitely use the knopman. I got an 84. Their online tests helped because it tells you what chapters to focus on. As soon as you get into the testing center make 4 columns. One for questions you are 100% of, 50, 25 and 0. After completing all the questions as long as you have around 60-70 in your 100 column you are safe. If you don't, go back and review the 25 and 50 column thoroughly. I had a couple of questions where I remembered the answer from later questions. For the 0% use process of elimination to guess. Be prepared to see questions worded in ways you won't have seen in practice tests. Just analyze and convert to what makes sense to you. Good luck
     
  7. mj, thanks a lot for your info. I'm about to purchase the Knopman material. Can you tell me what package you bought and what parts of it helped you most? Thanks
     
  8. I would do the tests and read the book. Do 3 tests first and see where you are at. Read the book then do another 3. Read the chapters that you are not getting right. If you can consistently get 80 on their tests you should be good.
     
  9. Thanks so much mj, I'm ordering it right now :)
     
  10. What is the difference between the Series 7 and 57 ?
    They are both entry level exams and they both sound similar.
    The series 7 is what stockbrokers / financial advisers usually need.
    Who uses the Series 57 ?
     
  11. Did you take the live or virtual class also?
     
  12. The Series 7 is for stockbrokers, and generally for those who work at brokerage firms such as Schwab, Fidelity, etc. It's a much broader exam and it will cost more to take it and to hold the license at a firm (I think FINRA charges around $500/year).

    The Series 57 is solely for deposit "prop shops" that take capital contributions in exchange for providing you with firm capital (usually at 20 times your equity). It's for day traders who want greater leverage than retail, and won't be helpful outside of the prop world.
     

  13. Thanks !
     
  14. I did not
     

  15. would you like to sell me your study material?
     
  16. Anybody have series 57 study material that they are done with and want to sell? Let me know. Thanks
     
  17. I have the STC materials
     
  18. Anyone selling their Series 57 study material that passed?
     
  19. I'm also interested in the Series 57 material if anyone is selling.
     
  20. can someone share the e-version of either stc or knobman, will share a few trading books in return