The Series 6 practice test will assist you in passing the Series 6 Exam, which is a test that assesses the test-taker’s knowledge and ability to perform adequately when selling securities products. The Series 6 Exam consists of 100 multiple-choice questions that cover four main functions. These functions are as follows: Regulatory fundamentals and business development; Evaluate customers’ financial information, identify investment objectives, provide information on investment products, and make suitable recommendations; Open, maintain, close, and transfer accounts and retain appropriate account records; Obtain, verify, and confirm customer purchase and sale instruction.
ACE THE SERIES 6 EXAM BY FOLLOWING THESE TIPS
Passing the Series 6 exam isn’t too difficult as long as you are prepared. Here are some tips that are highly recommended.
#1: READ ALL QUESTIONS CAREFULLY
The key to passing the Series 6 exam is to get all of the easy and moderately difficult questions correct. So you cannot afford to mess up these questions so make sure you read them carefully. Furthermore, read all of the answers correctly as well before you answer it. One of the biggest mistakes that individuals make is answering too quickly. They choose the answer that looks right without reading through all of the possible answers.
#2: CREATE A STUDY PLAN
You probably won’t have a lot of time to prepare so it’s essential that you make the most of the time you have so that you pass the Series 6 exam. Start out by taking a Series 6 practice exam so that you know where you stand. A practice exam reveals the areas where you need to focus your studies.
Use this information to develop a study plan that ensures you use your limited time efficiently. Read through the questions you missed on the practice exam so that you know exactly why you missed it. Schedule about 30% of your time working on your weakest areas and use the remainder of it to build on your strengths.
#3: USE THE PROCESS OF ELIMINATION
Even if you know the answer to the question, reviewing all answers and eliminating those you know are incorrect is still the best practice. Most multiple-choice questions will only have a couple of answers that are valid. The rest are obviously wrong so eliminate them from contention.
Not only is this a time-tested approach to answering questions you don’t know, it will also make you slow down and read through all questions carefully.
#4: GUESSING IS BETTER THAN NOT ANSWERING
If you have gone through the process of elimination but still don’t know the answer, then you will have to guess. Since there’s no penalty for incorrect answers, guessing is a much better option than skipping the question entirely. In most cases, you’ll have about a 50% chance of guessing correctly if you use the process of elimination.
