| Securities Training | | Home page |
Series 3 Commodities Futures Exam
Featured Article:
The Series 3 exam is the national commodity futures test. If you ever wanted to participate in the futures market trading contracts, options or engage in hedging strategies, this may be the certification and career for you. Adding licenses such as the Series 3 can add to your credentials in any investment career. If you do not have an impressive finance degree or other designations, this license will at least add to your credentials and give you some benefit when job hunting or going on interviews.
Preparing for the series 3 exam usually takes 6-8 weeks of 1-2 hours per day home study. The exam is a multiple choice test. The exam includes the following topics:
Definitions and introductions to cash contracts, forward contracts and futures contracts
Understanding strategies and calculating gain and loss
Options, Futures and Hedging
Calculating initial margin deposits and additional margin
Trading floor procedures and understanding functions of traders and brokers
NFA (National Futures Association) rules and regulations
Reporting rules and customer accounts
You must answer 70% of the questions correct to pass the Series 3 exam. The test has 120 questions. There are no license pre-requisites before registering for this exam. Prior financial knowledge and experience is not required for you to pass the exam. There is some math, but it's not too difficult once you see how trading and calculating gains and losses are shown. Understanding how margin and commissions work is a key, as they are important factors in answering the question correctly.
The exam is given on computer administered by Prometric/Pearson testing centers. There are hundreds of these test centers across the country. You must register for the exam through the NASD prior to taking the Series 3 test. The Series 3 can be taken at most centers 5 days a week. Meaning, once you are registered to take the exam, you can reserve any of the week you want.
"What if I fail the test?"
If you fail the Series exam, you must wait 30 days before sitting for the exam again. You get your grade immediately after the test is over. A few seconds of suspense, and you are out of your misery. That may be good or bad.
Study consistently and you should pass with no problems at all.
Good Luck!
About the Author
Nick Hunter is the President of American Investment Training, Inc. (AIT) www.aitraining.com. He has personally taught thousands of students in the securities industry for over 15 years. AIT offers the top Series 3 home study training courses in the industry and other FINRA NASD license training for companies and individuals.
American Investment Training - Updated and professional Books and CD's for the Series 3 Exam. AIT offers securities training home study courses.
Get The American Investment Training Series 3 Course right here thru Paypal - Shipping in 2-3 business days.
The AIT study course prepares students by providing accurate and tough test questions to pass the exam.
Specifics of home study material:
Buy Now Here Through PayPal $250. Delivery usually in 2-3 business days.
