How to avoid common mistakes in CFA exam?

10 Easily Avoidable mistakes that a candidate makes at every CFA exam: Mistake 1: Starting too late Mistake 2: Poor Time Management Mistake 3: Skipping material Mistake 4: Not practicing enough Mistake 5: Overconfidence Mistake 6: Poor exam stamina Mistake 7: Poor exam day preparation Mistake 8: Not following Institute guidelines Mistake 9: Self-defeating negative thoughts Mistake 10: Cheating or appearing to be cheating Avoid these common mistakes.

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<p>Avoiding common mistakes in the CFA exam is crucial to maximize your chances of success. Here are some strategies to help you minimize errors during the exam:</p><ol><li><p>Pay close attention to the instructions provided for each question and section of the exam. Understand the requirements, format, and any specific guidelines before attempting the questions.</p></li><li><p>Time management is key in the CFA exam. Allocate your time wisely for each section and question, keeping in mind the weightage of each topic. Avoid spending excessive time on difficult questions that may hinder progress on other sections.</p></li><li><p>Solving mock exams and practice questions under timed conditions helps you become familiar with the exam format and improves your ability to manage time effectively. Identify your strengths and weaknesses through practice and focus on improving weaker areas.</p></li><li><p>The CFA exam employs a penalty for incorrect answers, known as negative marking. Avoid blind guessing if you are unsure, as incorrect answers can deduct points. Utilize your knowledge, eliminate options, and make an educated guess when necessary.</p></li><li><p>Read each question thoroughly and ensure you understand what is being asked. Pay attention to keywords, such as "not" or "except, " which can change the meaning of a question. Avoid jumping to conclusions or making assumptions.</p></li><li><p>When calculations are required, clearly show your steps and workings. This not only helps you organize your thoughts but also enables partial credit to be awarded if you make an error in the final answer.</p></li><li><p>Take the time to review your answers before moving on to the next question or section. Look for any calculation errors, misinterpretations, or missed requirements.</p></li><li><p>Focus on mastering the high-weightage topics as they carry greater significance in the exam. Allocate more study time to these areas to ensure a strong understanding and better performance.</p></li></ol><p>By being aware of these common mistakes and implementing strategies to mitigate them, you can increase your accuracy and improve your overall performance in the CFA exam.&nbsp;</p>

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