When it comes to your Series 7 priorities for studying, we highly recommend that you make sure you know the easy stuff.
In today’s post, we highlight specifically which sections you should try to get practice scores of 80% or higher (Hint: This does not include Options!)
Series 7 Priorities: Rules and Regulations
A lot of of the Series 7 Exam is actually pretty straightforward. Most people detest studying for this exam usually because of the harder sections like Options, Margin, Convertible bonds, etc.
However, the reality is that there is plenty that is easy. If you are like the average student and started out in the 50% range on your first practice exam, there are very easy ways to get your score up into the 70s without breaking a sweat.
Start with the sections heavy on rules and regulations. In Kaplan’s exam preparation this covers chapters 17 through 20.
For those of you without Kaplan, these are sections covering Processing Transactions (think the Uniform Practice code), handling customer accounts and confirmations, communication communications with the public, and complaint resolution.
Study These Hard
The reason we highly recommend you brush up on these sections is that they are fairly easy to understand once you know the rules.
Spend at least three days per week doing practice questions on each specific section above. With about two weeks of work, you should have scores well above 70%. If you continue this approach for a few weeks, it should be enough to get your score over 85% and close to 90%.
Overall, the reason these sections are crucial is that they can often make up for any deficiencies in the harder sections mentioned above. There’s no doubt that this is a difficult exam, but if you focus on the right things, you can get yourself across the finish line. Feel free to reach out if you have any questions. Good luck!