Today let's talk about passing your series 7 exam
My name is Dave Meshkov one of the series 7 instructors and Knopman Marks. I've trained thousands of people to pass their exams
Let's talk about how you can pass yours this video is going to cover three, main topics
What's the series 7 all about what to expect on the day of your exam?
And what's the path you're going to follow?
to be in a position to pass on your first attempt the series 7 is an entry level exam and it covers a
Whole [range] the entire securities industry you need to know about the products the customers and the rules and regs [that]
oversee the securities markets, and you have to know the big picture you have to understand how all these pieces work together and
Simultaneously, you're responsible [for] the granular  detail
That's what makes it such a challenging exam on
Top of that the test itself is hard. It's a [6] hour exam
250 graded multiple-Choice questions plus ten experimental and a passing score [at] 72%
Now what's the day of your exam going to be like?
I always share this with my students because it's very important that you're psychologically ready
For what that day is going to be like you're going to know what the playing field is going to look like and what?
I want you to be able to do is get in there and deliver all the knowledge that you've accumulated during your study process
So day of your exam get there 20 to 30 minutes before your scheduled appointment
have your valid photo identification ready and
Know that anything [you] bring your notes your textbook your purse your briefcase
Your phone food or drink all that gets locked in a locker
And after that you're going to go through a whole security screen
I tells us to people because they may not expect it and what you don't want to have happen is [have] you be confused or
Unaware of what the heck's going on here after
You go through the screening. They're going to give you a four function calculator
From scratch paper and a marker and they're going to escort you into the testing room
now the actual exam itself is going to be administered in two three-hour sections each section [has]
[130] question
125 Graded [5] experimental pretest questions
And one of the things I always share with my students is how these sections are structured?
And so the way that sinner does it is
It starts you off each section with some easy questions. How many people feel that these are more difficult, but that's your nerves as
You move through the section the questions get harder and harder and harder
And there's two things that I always want to see them to remember
One is you can't project your performance you can't get halfway through the section and feel like oh man
I'm not doing as well as I thought
because you've only seen easy medium and hard questions not realizing that the questions are going to get easier at the end and
So the second thing that you want to remember is
That at about [two-thirds]
Then after you've been at it from 90 minutes, or maybe two hours
But you may want to take what I call an unscheduled break to raise your hand the proctor comes over and you?
[ask] to use the restroom [what] you're aiming to do is get a little physical movement in the body get the blood flowing and
Critically let your mind. Have a little moment rest and
What you're thinking about while you're using the restroom or washing your hands or having to drink water in the lobby
Is I've got 30 more questions. I've got 40 more questions that are easy by design
And I'm going to be focused. I'm going to pay attention to detail and no Careless errors from here to the end of my section
If you do find yourself running out of time be sure you finish and select an answer for every question
there's no penalty for guessing and
When you're ending the second section know that it's going to score you in real-time
your results get sent back to Finra and
Then the computer starts syncing and the mouse is spinning and spinning and spinning
and
Then after 10 long seconds it finally gives your result passing score
72% and you've been successful
Now how are you going to get there?
Here at nominal marks. We lay out three key resources that you need to have whether you're studying with us, or is anyone else
You're going to be using a textbook [that's] going to cover all the groundwork
Laying out all the concepts [for] you're responsible for it. You're going to want to have a classroom
where you can use the instructor to give you guidance and insight whether that's live or online and
Finally you have to have practice exams [that] let you deliver and execute on the knowledge [that] you have
This process could take you six [to] [eight] weeks
Between 100 and 125 hours like I said the series 7 is not easy, but you can 100% do it
Thanks for watching [this] video and good luck on [your] [exam]
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