Yes the series 7 exam is a tough test to pass, but it is not a hard exam by subject IMO. It is in mainly the totality of the areas of focus that makes it a hard test to study for and why people need help.
Why?
Rules change and frankly - FINRA (formerly the NASD) has many people who feel they always have to add regulation to an already crowded FINRA manual. Is it as complex as the tax code? No, but the exams that FINRA gives - including the Series 7, always have updates and excess rules to the exam.
The best way to apss the Series 7 is to take each section one at a time. Do not try to take in 20 sections at once or dive right into practice exams. Even our massive Series 7 Practice Test CD should not be used to take the very tough final exams right from the start. Even if you feel you are seasoned in the business or in a rush to pass. You will need help in the end.
Taking chapter exams and writing out the correct answer explanations is one of my favorite study techniques we have given the students of American Investment Training for years. All of us write slower than we read, so it makes sense that writing out exam answers to questions you got wrong during your study test will help you not make the mistake again vs. just reading the answer to yourself.
Once you are passing the practice questions (AIT gives unlimited help to their students), then you can start hitting the final exams. Preparing for the finals - literally studying for the final exams is very important. You don't want to be at a point where you are memorizing questions.
American Investment Trainign is known for their VERY tough practice exams. A 75% is truly a 75%. So you want to study and prepare for the final tests in the CD or the books. The actual Series 7 should not be any tougher.
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