Test Taking Tips For The Series 63 Exam

If you are about to take your Series 63 Financial Certification Exam, you might be nervous and excited.  Your career in securities starts with the test and will give you the qualifications and licensure you need to become a securities agent.  If you want to pass your test you have to complete educational courses and then study for the exam several times.  While crash courses are available, there are other ways you can prepare for the test to better your chances of passing.  Make sure you consider these Series 63 test taking tips and learn about common test taking difficulties so you know what to expect.

Make Sure You Familiarize Yourself With Terms

series 63 test taking tipsAll of the terminology you learned in your classes will be found in your test.  Terms like agents, broker-dealers, securities, administrator, and investment advisers will be found on the test.  Because candidates are only given 75 minutes to complete 60 questions, you should familiarize with all of the terms so you do not have to spend extra time interpreting the meaning of the question.

Review Test Questions Samples and Learn How to Spot Double Negative Sentence Structures

The Series 63 test is known for using complex sentence structures to confuse the test takers.  When you are taking practice exams make sure you focus on questions with double negatives.  As you know from math, two negatives make a positive.  Long and complex sentences will usually use two negatives so you must read the questions carefully and look for words like NOT and FALSE.

Answer the Easy Questions First

You should review the structure of the exam before you take it.  When you know the structure of the exam you can allocate the time you need for each section so you do not have to rush through the last 10 questions in a minute.  There are more easy questions than complex questions on the exam.  Answer the easy questions first and then use the time you have left to decipher the meaning of the more difficult questions.

Make sure you take some practice tests and time yourself before you test date approaches.  When you practice and time yourself you will not get stressed by the time on the clock during your test.  With the right training and adequate preparation, you will definitely increase your chances of passing the Securities 63 exam so you can become securities agent and make a sizable income.

Tips For Taking And Passing The Series 6 And 63 Exam

To be licensed to sell mutual funds and variable annuities, you will need to take and pass the Series 6 and 63 exam. The first is mandatory; no matter what state you live in, you must take this test to be entitled to sell mutual funds and annuities. The series 63 exam is not mandatory in all states, but the common practice is that the company you work for will require you to do it.

In the series 6 course you will learn and be tested on stocks, investment banking, securities markets, taxes, retirement plans, debt securities, variable annuities, variable life insurance and Self-Regulatory Organizations. The exam itself is made of 100 multiple choice questions and has a passing score of 70%. You will be allowed 2 hours and 15 minutes to complete the exam. To take this exam you must be sponsored by a financial company that is a Self-Regulatory Organization or is a member of FINRA (Financial Industry Regulatory Authority).

how to pass the series 6 and 63 license examTo pass the series 63 exam, you must familiarize yourself with the Uniform Securities Act. You will also be required to be familiar with the Statements of Policy and Model Rules adopted by NASAA. You will have a total of 1 hour and 15 minutes to complete 65 questions of the Series 63 exam. It has a passing grade of 72%. Some states require you to take this exam in order for your Series 6 license to be activated.

When taking the exam, being careful not to make the simple mistakes could mean the difference between passing and having to take the exam again. Carefully read the questions. Be sure that you have understood what is being asked before going on to the multiple choices.

Practice, practice, practice. Take sample tests before you sit down for the real thing. With practice you will familiarize on the way the questions are structured. You will know what to look out for and how to answer the questions well.

As you study, make sure you pay the definitions close attention. Also, familiarize yourself with words that are new to you. And as you take the exam, remember not to pick an answer you have never heard of. The wording of the questions and the multiple choices can be tricky but with enough study, this should not be a problem for you.

Be wary of time. Some people are unable to finish their exam because they take too long to answer one question and leave little time to complete the rest. Time yourself as you do your practice tests.

To be entitled to sell mutual funds and variable annuities, you will be required to take the Series 6 and 63 exam. You can pass the exams the first time if you study well and practice as much as you can before the actual exam day. When you are sitting for the exam, go through the questions carefully and be mindful of how much time you have.