Series 3 national commodities futures exam practice 2017. Series 3 exam secrets study guide series 3 exam secrets helps you ace the national commodity futures examination, without weeks and months of endless studying. A breakdown of futures trading theory and basic functions terminology. The series 3 test is an advanced level test to ensure the seasoned registered representative knows the required amount of financial information, narrowing. Please note that simply passing one of the futures industry exams does not allow an individual to act as a. The series 3 license, otherwise known as the national commodity futures examination, is required of a person to be able to sell commodities, future contracts, options, and hedging. This intense two and a half hour test is a must for aspiring financial professionals, as passing means registration to conduct business in commodity futures. The series 3 exam is for anyone who is going to act as an associated person, commodity trading adviser, commodity pool operator, introducing broker, or futures commission merchant. About the series 3 exam xi about this book xv about the test bank xvii about the securities institute of america xix chapter 1 futures and forwards 1 the spot market 1 forward contracts 2 futures 3 trading futures on the floor of the exchange 4 clearinghouse 5 clearing member margin calculations 7 basis grade 8 pretest 11 chapter 2 trading.
View test prep series 3 national commodity futures exam from finn 4003h at university of arkansas. There are 120 total multiple choice and truefalse questions, and exam takers are provided 2 hours and 30 minutes to complete the exam. Packages include practice exams, study guides, personal instructor support, and more. These types of securities are considered to be the riskiest types of investments. You must pass the series 3 to be qualified to register with the nfa. An unlimited number of randomly generated 10question quizzes corresponding to the sections of the exam. This licensing test is graded based on 120 multiple choice questions. Series 3 flashcards with series 3 practice questions. Series 3 license exam national commodities futures. When you order the series 3 exam flashcards study system, youll get our set of flashcards specially selected to give you the most series 3 test performance improvement for the least time. This twoday seminar serves as a educational course for the national commodities futures examination series 3, and provides a strong foundation in the fundamentals of market theory and industry practice. Jul 23, 2018 the series 3 national commodities futures examination is the required entrylevel test for commodity and derivatives trading under the national futures association nfa. Securities trader series 3 license exam preparation. The national commodities futures examination series 3 is an entrylevel exam that qualifies individuals for registration to transact business in commodity futures and options on futures.
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An examination of futures margins, option premiums, price limits, futures. This intense two and a half hour test is a must for aspiring financial professionals, as passing means registration to conduct business in commodity futures and options. Use this series 3 exam prep video to get a headstart on your national commodity futures examination. However, if they are armed with information as clearly and concisely explained as it is in the series 3 exam. Start studying series 3 national commodities futures exam practice 2017. Individuals have two and 12 hours to finish the exam. This intense two and a half hour test is the mustpass exam for aspiring financial professionals. It also qualifies individuals to manage other individuals who sell commodities or futures contracts. The series 3 is required for registration with the national commodity exchanges in order to solicit and sell commodities futures and options on futures.
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The series 3 examination is the allencompassing test that is required by the national futures association nfa and the commodities futures trading commission cftc in order to be considered a. Series 3 national commodity futures exam flashcard. This is just a small sampling of the topics covered. A series 3 license qualifies individuals to solicit customers, customer orders or customer funds on behalf of a futures commission merchant, retail foreign exchange dealer, introducing broker, commodity trading advisor or commodity pool operator. A second, lesserknown career path, involves taking the national commodity futures examination, otherwise known as the series 3, which. The first section covers the area such as contract trading, terminology and reading the financial statements and may asses the candidates knowledge regarding the theory, functions, and mechanics of futures and commodity trading. The national commodities futures examination series 3 tests your knowledge of rules and statutes applicable to the markets. The series 3, also known as the national commodities futures examination, is a licensing exam for financial professionals who wish to sell commodity futures contracts. Kaplans securities licensing exam prep packages provide all the necessary tools to help you prepare, practice, and perform on the nfa series 3 exam, national commodities futures examination. You will have 2 hours and 30 minutes to complete the exam. Our series 3 online examcenter gives you the ability to test your knowledge at multiple levels to gauge your knowledge level, identify areas needing improvement, and give you confidence you are prepared. Fundamentals of futures and optionsseries 3 exam seminar. Hedging with spreads if straddles and strangles are called combinations because they combine the use of calls and puts, spreads are the use of two or more options of the same type, either a long.
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Series 3 national commodity futures exam flashcard drill by hunters. Series 3 the national commodities futures test this page is dedicated to the series 3 practice test, which will outline the information that will prepare you to take the series 3 test. The series 3 exam for commodity futures brokers is divided into two parts futures trading theory and market regulations. The series 3 exam for commodity futures broker is an exam that tests for knowledge on the. The series 3 exam the national commodities futures examination is a national futures association nfa exam administered by finra.
It was written by a twoperson team from widely differing backgrounds each of whom has taken the series 3 exam, not by a panel of experts who have never. The nfa series 3, national commodities futures exam is required for registration with the national commodity exchanges in order to solicit and sell commodity. Proficiency requirements futures industry nfa national futures. For additional information about this exam, including the. Studying for the series 3 national commodities futures exam would leave most fledgling traders quaking in their boots. Today the nfa oversees broker licensing and registration, including the uniform requirement for future commodities brokers to pass the series 3 examination. The test is administered by the national futures association nfa.
National commodity futures exam series 3 4th edition securities license exam. The minimum passing score for the futures exams is 70 percent. The series 3 examination is the allencompassing test that is required by the national futures association nfa and the commodities futures trading commission cftc in order to be. Securities institute of america the goto guide for the series 3, with practice, examples, strategies, and more. Our original research into the national commodity futures examination, offered. Quizlet flashcards, activities and games help you improve your grades. A candidate must score 70% on each part in order to pass the exam.
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