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Welcome to my channel!!
Hi everyone, welcome back to my channel. Today, I want to share with you my personal experience of failing the CFA Level 1 exam. I'll be discussing the top reasons why I think I didn't pass, in the hopes that it can help you avoid making the same mistakes.
Reason 1: Insufficient Practice Questions
Firstly, I didn't practice enough questions. I know it sounds obvious, but I underestimated the importance of practice. I thought I could get away with just reading the material and attending classes, but that wasn't enough. I should have practiced more questions to reinforce my understanding of the concepts.
Reason 2: Too Many Study Resources
Secondly, I had too many study resources at my disposal. With so many KZbin channels, study groups, and course providers, I found it hard to choose one and stick to it. I ended up randomly preparing from different sources, which led to confusion and a lack of focus.
Reason 3: Not Focusing on CFA Curriculum Questions
Thirdly, I didn't focus enough on the CFA curriculum questions. I should have practiced more questions from the official CFA curriculum, rather than relying on third-party resources. The curriculum questions are designed to test your knowledge and understanding of the material, so it's crucial to practice those.
Reason 4: Not Reviewing Wrong Answers
Fourthly, I didn't review the questions I got wrong. When I practiced questions, I didn't take the time to review the ones I got wrong and understand where I went wrong. This meant that I kept making the same mistakes over and over again.
Reason 5: Lack of Consistency
Lastly, I lacked consistency in my studying. I would study for a few days, then take a break, and then come back to it. This made it hard to retain information and build momentum. Consistency is key when it comes to studying for the CFA exam.
Conclusion
In conclusion, these are the top reasons why I think I failed the CFA Level 1 exam. I hope that by sharing my mistakes, I can help you avoid making the same ones. Remember to practice consistently, focus on the CFA curriculum questions, review your mistakes, and stay consistent. Good luck with your studies!
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