For over two decades,ExamFXhas helped millions of insurance and securities professionals pass challenging licensing exams. We have added immense value to the marketplace, all the while making it ”push button” easy for you. These are just a few reasons why we are considered the industry leader in online exam preparation. We know passing the Series 7 General Securities Representative Exam is important to you. Reaching your career goals in the financial services industry depends on achieving a passing score. The good news is that ExamFX is here to support you - rest assured, your success starts here. Here are 5 essential study tips to help you pass the challenging Series 7 exam. Mastering the material for the Series 7 exam can seem a bit overwhelming, but it doesn’t have to be. Before you jump into your studies, read throughFINRA’s Series 7 Exam Content Outline for a list of concepts you will need to know. Once you have a firm grasp of what is covered on the exam, you can set study goals. All ExamFX courses include a Virtual Study Calendar, which will help you create a personalized study plan. A well-thought-out plan with realistic goals makes test prep less stressful and passing more likely. Developing good study habits is critical to passing theGeneral Securities Representatives Exam. Block time on your calendar and commit to your study plan. Set a schedule and stick to it! Sometimes it is hard to get started, but once you begin, it will quickly become routine. Following your schedule will keep you on track to pass your exam. Avoid burn out before you burn out! To be at the top of your game you need to take care of yourself. Be sure to build break times into your study plan. The best way to study is in relatively short intervals. Some experts advise working in short 20-minute blocks, while others recommend 30 to 45 minutes. Set your schedule based on your personal learning preference, but don’t neglect your mental or physical health. Testing regularly throughout your studies is an excellent way to measure your progress and identify problem areas. Through the industry-leading Series 7 exam prep course – ExamFX offers quizzes after each chapter to help candidates gauge their understanding of the material. Don’t skip them! Our practice exams are designed to predict success on qualification exams. They are an integral part of our online learning program. Our securities courses include three tiers of practice exams: Simulate Your Exam, Readiness Exam, and Guarantee Exam. ExamFX is so confident in our training program that we guarantee users who successfully complete pass their qualification exam on their first attempt! Work with your sponsoring FINRA member firm to schedule your exam well in advance. Choose the date, time, and location that is most convenient for you. Don’t “cram” the night before. A good night’s sleep will do more for you than studying late into the night. Plan on arriving at the test center early. Anything you can do to reduce stress on exam day will help you perform your best. Be ready. Be on time. Be successful. For over two decades, ExamFX has been the industry leader in online licensing training. That is why Investopedia* recently rated multiple ExamFX securities courses as Best Overall, Most Comprehensive, and Best Value among competitors. Thousands of professionals working in the financial services industry today started their careers by training with us. At ExamFX, our goal is the same as your goal – for you to pass your exam on the first attempt. Your success starts here. Ready to begin? Visit us to learn more and enroll. *Investopedia is a financial and investor education resource website.
1. Make a Plan & Set Goals
2. Get Into a Routine
3. Practice Self-Care
4. Check Your Progress With Practice Exams
5. Prepare for Exam Day
Our Best Piece of Advice Is To Prepare with ExamFX
FAQs
What is the best way to study for the Series 7 exam? ›
For most candidates, the combination of reading the textbook, watching the Series 7 video class and taking as many practice questions are possible proves to be sufficient to successfully complete the Series 7 exam. It is recommended that the individual spend 60 to 70 hours preparing for the exam.
Is ExamFX good for Series 7? ›The Series 7 exam is often considered the most difficult securities licensing exam. But, if you prepare properly and utilize an online learning tool like ExamFX's Series 7 course, you can approach the test with confidence and earn your Series 7 registration.
How to study ExamFX? ›- Read the chapter and then take the End of Chapter quiz. ...
- If you pass the quiz, move on to the next chapter.
- If you do not pass the quiz, go back to the chapter and review the material you missed.
- After you have read the entire course, and passed all the chapter quizzes, test in Exam Mode.
For most registered representatives and investment adviser representatives, the Series 66 and Series 7 exams are the hardest required exams. The Options section of the Series 7 exam is notoriously difficult, even though many people won't use it in their careers. Understanding this section is necessary to pass the exam.
How many hours a day should you study for Series 7? ›On average, people pass their Series 7 with Achievable spending 40-60 hours total over 4-8 weeks. So, it's definitely possible to pass the exam in a month if you spend 2-3 hours studying each day!
What percentage of people fail the Series 7 exam? ›It is said that roughly 3 out of 10 applicants will fail the Series 7 exam on their first attempt. This would put the Series 7 pass rate at around 70% first time.
What is the pass rate for ExamFX? ›With a 93% pass rate by ExamFX students and a money-back Guarantee Exam included in every package, ExamFX is a highly-rated course.
Is there a lot of math on the Series 7 exam? ›How Many Math Questions Are on the Series 7 Exam? There are typically less than 10 math questions on the exam, but they will likely be detailed and require multiple steps. A math question may also incorporate suitability.
How many times can I take the Series 7 exam? ›A candidate can take the Series 7 exam as many times as they like; however, for the first three times, the candidate has to wait 30 days before trying again; after the first three attempts, the candidate has to wait six months.
How long does it take to complete ExamFX? ›| LINE OF AUTHORITY | REQUIRED HOURS OF STUDY |
|---|---|
| Personal Lines (includes Code and Ethics) | 32 hours |
| Limited Lines Automobile Agent | 20 hours |
| Code and Ethics | 12 hours |
| Life (includes Code and Ethics) | 32 hours |
How many times can I take the guarantee exam on ExamFX? ›
You only get two attempts at the Readiness Exam, so give yourself enough time to complete each one. This exam is specifically designed to be taken a limited number of times to prevent question memorization, which is why we cannot reset Readiness Exam attempts.
What is the rating of ExamFX? ›- ExamFX is 74 out of 93 best companies in the category Association or Organization on Trustpilot.
- ExamFX is 77 out of 107 best companies in the category Educational Institution on Trustpilot.
Trying to pass the Series 7 without third-party materials is impossible. You will either be provided with specific study materials by your employer, or you'll have to seek out your own Series 7 exam prep materials.
Is passing the Series 7 a big deal? ›Passing the Series 7 exam is a necessary step to become a general securities (GS) representative, investment advisor, or financial advisor. It qualifies you to sell more securities products than the Series 6, and it is one of the longest FINRA exams.
How many Series 7 practice exams should I take? ›You could pass without taking a single practice exam or fail after 20 practice exams. It depends on you and your understanding of the material. Generally speaking, we recommend taking at least 10 practice exams.
What is the best Series 7 study material? ›- Best Overall: Securities Training Corporation.
- Best Value: Securities Institute of America.
- Most Comprehensive Offerings: ExamFX.
- Best Budget Premium Package: Kaplan Financial Education.
- Best Mobile Learning Experience: Achievable.
- Best User Experience: Knopman Marks.
You will have 3 hours and 45 minutes to complete the exam and must correctly answer 72% (90 questions) of the 125 scorable questions to pass. The Series 7 exam, like other FINRA exams, is presented in a bell curve.
How to sit for Series 7 exam? ›To take the Series 7 exam, you must be sponsored by a FINRA member firm or a self-regulatory organization (SRO). Firms apply for candidates to take the exam by filing a Uniform Application for Security Industry Registration or Transfer (Form U4).
What to do day before Series 7? ›- Review your notes until noon.
- Get away from the books: Go out to dinner (skip the spicy foods and alcohol) or go to a movie — do whatever you want to rest your mind.
- Gather the items to bring with you to the exam site: Your ID. ...
- Set two alarm clocks. ...
- Get to bed early.