Blue Collar Finance

Series 7 Exam Weekly Class June 7th 2024

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FINRA exam Membership class - June 07


VIEW RECORDING - 61 mins (No highlights)

Meeting purpose

Discuss FINRA Series 7 exam preparation and share test-taking tips

Key Takeaways
  • The actual exam questions differ from vendor-provided practice questions
  • Suitability questions make up a large portion of the exam and are challenging
  • Trusting your instincts and preparation is key when answering ambiguous questions
  • Time management is important - spend about 2 min per question and move on
    • Topics
    Malachi's Series 7 Exam Experience
    • Actual exam questions are very different from vendor practice questions
  • ~40 straightforward questions similar to practice, rest are suitability-focused
  • Suitability questions present two good answers, one only slightly better
  • Felt uncertain after exam, but trusted preparation and instincts
  • Passed despite getting a challenging mix of question topics
    • Tips for Taking the Series 7 Exam
    • Master suitability to discern the best answer between two good options
  • Memorize key rules and tricks to quickly eliminate wrong answers
  • Budget about 2 minutes per question, then move on confidently
  • Trust your knowledge and preparation when questions seem ambiguous
  • Avoid second-guessing and changing answers unless certain
    • ...more
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    Blue Collar FinanceBy capadvantage
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