How to pass the national commodity futures examination, using our easy stepbystep series 3 test study guide, without weeks and months of endless. Series 3 national commodities futures exam practice. Our original research into the national commodity futures examination, offered by the. Jun 25, 2019 the series 3 exam for commodity futures brokers is divided into two parts futures trading theory and market regulations. Securities exam preparation incs series 3 study book prepares you for the national commodities futures exam. Study outline for futures industry exams nfa national futures.
The series 3, also known as the national commodities futures examination, is a licensing exam for f inancial professionals who wish to sell commodity futures contracts. Series 3 national commodities futures exam practice study guide by xenasweet includes 55 questions covering vocabulary, terms and more. How to pass the national commodity futures examination, using our easy stepbystep series 3 test study guide, without weeks and. 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. Series 3 national commodity futures exam national commodity. This is just a small sampling of the topics covered. Our series 3 practice are developed by experiences finra certification professionals working in todays prospering companies and finra vce data centers. The series 3 is an exam, also known as the national commodities futures examination, administered by the financial industry regulatory. Use this series 3 exam prep video to get a headstart on your national commodity futures examination. Series 3 national commodity futures exam license exam manual national commodity futures exam license exam manual series 3 11th edition by dearborn financial services author 4.
View test prep series 3 national commodity futures exam from finn 4003h at university of arkansas. Those who are seeking qualification as a commodity trading advisor, introducing broker, futures commission merchant, associated person, or commodity pool operator must pass this exam. Your copy will typically ship within one business day from our shipping facility. The series 3 exam needs to be considered by anyone who is will be acting as an associated person, commodity trading adviser, commodity pool operator, introducing broker, or futures commission.
Securities trader series 3 license exam preparation. The series 3 exam for commodity brokers is a national futures association nfa exam administered by finra. 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. These types of securities are considered to be the riskiest types of investments. 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. An examination of futures margins, option premiums, price limits, futures settlements, delivery, exercise, and assignment. Series 3 exam details the nfa series 3, national commodities futures exam is required for registration with the national commodity exchanges in order to solicit and sell commodity futures and options on futures. National commodity futures examination finra series 3 salary get a free salary comparison based on job title, skills, experience and education. The series 3 examthe national commodities futures examinationis a national futures association nfa exam administered by finra. Proficiency requirements futures industry nfa national futures. Series 3 exam prep training securities exam preparation. Series 3 license exam national commodities futures.
To get that license, the applicant must pass a test called the series 3 examination. The series 3 is a national futures association nfa exam. Series 3 flashcards with series 3 practice questions. Series 3 national commodity futures exam license exam. A breakdown of futures trading theory and basic functions terminology. I am presuming that you mean the series 3 exam of the national commodity futures exam given to those who wish to work for a commodities brokerage. Series 3 exam, test and licence series 3 exam, license. Packages include practice exams, study guides, personal instructor support, and more. National commodity futures examination finra series 3. 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. The exam center will send the exam results to finra. Commodity trading advisor cta registration services.
The securities trader series 3 license is known formally as the national commodities futures license and is a proficiency test issued by the national futures association nfa, the selfregulatory organization for the u. Commodity trading adviser exam preparation to become a cta. The series 3 is a securities license entitling the holder to sell commodities futures contracts and options on commodities futures contracts. Apr 08, 2020 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. The series 3 national commodities futures examination is the required entry level test for commodity and derivatives trading under the national futures. Series 3 national commodity futures exam flashcard drill by hunters. Quizlet flashcards, activities and games help you improve your.
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The minimum passing score for the futures exams is 70 percent. 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. 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. Series 3 license exam training series 3 futures and.
The nfa series 3, national commodities futures exam is required for registration with the national commodity exchanges in order to solicit and sell commodity. The exam was originally developed by the chicago board of trade cbt and overseen by nasd, the national association of securities dealers canadian securities institute, or csi, in canada. Start studying series 3 national commodities futures exam practice 2017. In order to register for the national futures association, candidates must pass this exam.
Futures margins, options premiums, price limits, futures settlements, delivery, exercise, and assignment. Commodity futures trading commission cftc as a result of the commodity futures trading commission act of 1974. There are 120 total multiple choice and truefalse questions, and exam takers are provided 2 hours and 30 minutes to complete the exam. Each part must be passed with a score of at least 70 percent.
Futures broker home study course series 3 now in its twentieth edition. 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. The national commodity futures examination is quite simply an objective assessment of a test takers requisite foundation of knowledge and skills. The series 3 exam needs to be considered by anyone who is will be acting as an associated person, commodity trading adviser, commodity pool operator, introducing broker, or futures commission merchant.
Individuals have two and 12 hours to finish the exam. The series 3 exam, or national commodity futures examination is made up of 120 multiple choice questions that have to do with eight topics. This licensing test is graded based on 120 multiple choice questions. Series 3 national commodity futures exam flashcard drill. It also qualifies individuals to manage other individuals who sell commodities or futures contracts. Registration rule 401 requires each individual who is applying for nfa membership as a futures commission merchant fcm, retail foreign exchange dealer rfed, introducing broker ib, commodity pool operator cpo, or commodity trading advisor cta, or as an associated person ap of these entities, to satisfy proficiency requirements. This intense two and a half hour test is a must for aspiring financial. Series 3 exam secrets study guide is the ideal prep solution for anyone who wants to pass the series 3 exam. The test is administered by the national futures association nfa. Our series 3 practice are developed by experiences finra certification professionals. The series 3 exam is designed to provide enough time for all students to complete each question on the exam.
Candidates have two hours and 30 minutes to complete the exam, which consists of two parts. A second, lesserknown career path, involves taking the national commodity futures examination, otherwise known as the series 3, which. How i passed the series 3 national commodities futures. 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. The series 3 test,also known as the national commodity futures examination, is a challenging and comprehensive assessment for men and women looking to enter this field of money management. The series 3 exam has two main parts and focuses on futures trading theory and market regulations. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Series 3 exam prep training securities exam preparation, inc. Series 3 exam series 3 practice test study guide zone. Jun 22, 2012 series 3 exam commodities futures trading. Taking is the series 3 exam is stressful, even if you are a good test taker. There are many selfstudy books, cds, and practice exams out there.
The first section covers the area such as contract trading, terminology and reading the financial statements and. A candidate must score 70% on each part in order to pass the exam. 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. Series 3 national commodities futures exam practice 2017. Prepare for the finra series 3 exam with training materials from knopman marks. 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. Jan 23, 2018 use this series 3 exam prep video to get a headstart on your national commodity futures examination. Second, join the national futures association nfa as a cta. This barcode number lets you verify that youre getting.
Quizlet flashcards, activities and games help you improve your grades. 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 series 3 exam for commodity futures broker is an exam that tests for knowledge on the. The exam has one section that tests general futures market. The series 3 exam is extremely challenging and thorough test preparation is essential for success.
The series 3 exam for commodity futures brokers is divided into two parts futures trading theory and market regulations. However, if they are armed with information as clearly and concisely explained as it is in. The national commodities futures examination series 3 tests your knowledge of rules and statutes applicable to the markets. The outline form for the test can be found on the nfa website. Series 3 national commodity futures exam flashcard. Series 3 national commodity futures examination guarantee your series 3 exam success with our study guide. The futures broker home study course has 8 sections, each covering one of the topics in the national futures associations study outline for the national commodity futures exam series 3.
Training consultants series 3 exam training solutions. Those who are seeking qualification as a commodity trading advisor, introducing broker, futures commission merchant, associated person, or commodity. On the national commodity futures examination series 3, the candidate must receive a score of 70 percent on both parts of the exam market knowledge and regulations in order to. Please note that simply passing one of the futures industry exams does not allow an individual to act as a.