Historically there have been 10 Series 7 experimental questions on the exam. Recently, however, that has changed. Now there are only five.
While one wouldn’t expect that to have any impact on the questions overall, we have some tips.
Series 7 Experimental Questions: What’s New?
Fewer experimental questions now means that you have the same time to answer slightly fewer questions (five to be exact).
Despite being an obvious advantage, in recent weeks we believe there may have even been some slight change in how questions are worded.
Those that took the exam earlier this year before the changes, may have felt slightly different about the language in the testing more recently. Nothing extraordinarily different may have been changed, yet possibly a small, yet noticeable, difference after the changeover.
Unfortunately, there’s not a whole lot that can be done here. It’s still very early on, and we expect if any changes have happened, many people will have to adapt.
New Definitions?
Well, not exactly.
It’s nothing new that the exam may focus on specific areas at different time periods. Occasionally definitions may show up that don’t typically get covered much in the textbooks, or in all textbooks.
A couple examples of these would be “strangle” strategies for options, and “spinoffs” in terms of corporate actions.
Some textbooks may not even mention these two terms. But, such is the nature of this exam. Very small differences in textbooks can be the difference in not even recognizing certain questions and/or definitions.
Overall, we believe the recent change is likely to be a positive one.
It’s likely very difficult to spot the experimental questions as it is. Some may be overly difficult, some may be overly easy, and some may be moderately challenging. In short, all you can do is give it your best shot with studying and practice questions.
For more help feel free to reach out! Good luck!