What are the best study tips for understanding the concepts to pass the Series 7 through training consultants?

Answer 1

Look at the breakdown of the exam: heavy debt, options, investment companies and risks. Read the manual and take as many tests as possible as you also learn through the mock exams. Write out your own notes and flashcards. Study daily to remain fresh on the material.

Answer 2

Hi,

Best study tip to understand series 7 exam material is to read one specific section and then immediately do many related problems. Have the tutor show you step by step how to solve one or two problems. Then you try a few similar problems without the tutors help.

For example, when studying the section on Options, just read about "Call" options , ignoring, for example, the material on "Put" options. And then do several examples only on Call options.

And do a few similar problems, for example if you do a problem to determine if a Call option is "in the money", then do several problems that are about determining if a Call option is "'in the money".

Note: "In the Money" is also referred to as the options having a positive "intrinsic value".

And positive intrinsic value means that if you exercised the option right now you would get some

money.