The material you use to help you study for the CFA exam should definitely include a CFA practice exam. Through a CFA mock exam you will get an idea of what to expect when it is time for you to actually take the test. You will have to answer 120 multiple choice questions in three hours, which means you really do have to know not only the material but how to read the questions so that you can select the correct answers. By using different CFA practice exams you will be able to get plenty of practice and be able to go back over the incorrect answers to see what you did wrong.
Where a CFA practice exam comes from
The questions you find on a CFA practice exam have all been used in CFA exams in the past. They are created by chartered financial analysts and are centered in details in the course material to ensure that you really know the information. A CFA practice test is a part of the study procedure that you should never overlook because it helps you realize what you know well and what you have to spend time reviewing. In addition you can memorize the answers to the questions that you find on a practice CFA exam to enhance your study.
Pretend that the CFA practice exam is real
Whenever you use CFA practice tests to help you study and to determine whether or not you have retained the material you learned you should always take them seriously. You not only have to try to answer the questions correctly but you have to learn how to budget your time. On the day that you set for taking a CFA practice exam set aside a period of three hours during which you won’t be interrupted in any way.
Work your way through the test answering the questions that you know first. Come back to those you skipped. Forget about the time for the first test. When the three hours is up, count the number of questions that you left unanswered. Check your answers to see whether or not you passed.