Category: Series 3 Exam Prep

Here we explain how the use of futures contracts lower the cost of capital to farmers and as a result lowers prices in the marketplace. Let’s take the scenario of a farmer who needs to obtain capital to cover operating expenses.  And he goes down to his local banker and perhaps his banker is named... "How Farmers Cut Costs and Reduce Risk"

One of the most important concepts you’ll encounter on the Series 3 exam is the distinction between hedgers and speculators in the futures markets. If you’re struggling to fully grasp the difference, a simple real-world example might help bring it to life.  Hedging Explained Through Auto Insurance Imagine you go to a car dealership and... "Understanding Hedgers and Speculators for the Series 3 Exam: A Real-World Analogy"

Key Series 3 Test-Taking Tips Covered Below: How to Pass the Series 3 Examand become an Associated Person What is the best way to prepare for the Series 3 exam? We get asked this question all the time. The answer is that, while everyone learns in a different way, there are certain steps that everyone must... "How To Pass The Series 3 Exam"

How to Understand Futures and Forwards and Pass Your Series 3 Examand forwards and pass your series 3 exam One of the keys to passing the series 3 exam is to make sure that you understand the difference between futures and forward contracts. . This article, which was produced from material contained in our series... "How to Understand Futures"

How to Master Hedgingand Pass the Series 3 Exam A significant portion of the series 3 exam will be focusing on how to use futures contracts to hedge risk. . This article, which was produced from material contained in our series 3 textbook, will help you master the material so that you pass the series... "How to Master Hedging"

How To Master Futures Pricingand Pass The Series 3 Exam A big key to answering many questions correctly on the series 3 exam will be to know how futures contracts are priced. . This article, which was produced from material contained in our series 3 textbook, will help you master the material so that you... "How To Master Futures Pricing"

How to Understand Speculation in Futuresand pass the series 3 exam A big part of the series 3 exam will be testing you on your understanding of how to speculation in futures contracts. . This article, which was produced from material contained in our series 3 textbook, will help you master the material so that... "How to Understand Speculation"

In the more than 25 years of helping financial services professionals pass more than 400,000 exams, we have had students tell us every possible scenario dreamed up by test takers who have “heard” stories about how FINRA exams are administered. The top 5 myths and misconceptions are as follows: Myth # 1: If you fail... "The Top 5 FINRA Exam Myths"

 The series 3 exam is a very unique exam and stands out from other Financial Services  registration examinations. The Series 3 exam is one of the only tests administered to financial services professionals that requires the individual to successfully complete both major sections of the exam. The series 3 requires individuals to score a 70%... "What is the series 3 pass rate"

In this article we are going to review how futures contracts are priced in the marketplace. We’re going to take a look at the price of futures contracts and how Futures are traded on the exchange.  It is important to note that the exchanges set all of the standardized terms for every contract and all... "Futures Tick and Daily Price Limit"