If you're thinking about a formal Series 3 prep course, Varsity Tutors can set you up with private Series 3 classes to help you improve your study skills. The Series 3 - National Commodities Futures Exam is a National Futures Association (NFA) exam administered by the Financial Industry Regulatory Authority (FINRA) that investment professionals must pass in order to legally trade in commodities and securities. It's considered more challenging than the Series 7 exam, which only covers securities. If you feel that you could benefit from a Series 3 course, reach out to us today to learn more about how we may be able to assist you!
One of the first things discussed in most Series 3 courses is the formatting you can expect on exam day. The Series 3 is a standardized test administered at testing centers across the country. A calculator is provided for your use, as are a pair of dry erase boards you may use as scrap paper. Both of these items must be returned to the test center at the conclusion of your testing session. The chart below provides additional information about the Series 3 test:
|Question Format||# Questions||Time Allowed||Passing Score|
|Multiple-Choice||120||2 Hours and 30 Minutes||70%|
You might think that the Series 3 is easy because it utilizes a multiple-choice format, but some of the questions may be deceptively worded. You might want to take practice exams during your Series 3 class to get a feel for the way questions are worded. Since it is a timed test, taking practice exams under realistic conditions may help you develop effective time management strategies as well.
Once you understand the exam's formatting, you can move on to more specific content areas in your Series 3 prep class. The bulleted list below includes some of the topics you might want to go over:
Series 3 Major Subject Areas
- Futures trading theory and basic functions
- Futures margins, option premiums, price limits, futures settlements, delivery, exercise, and assignment
- Types of orders, customer accounts, price analysis
- Basic hedging, basis calculations, hedging futures
- Speculating in futures
- Option hedging, speculating, spreading
Private Series 3 prep classes allow students to concentrate on their unique areas of opportunity to improve study efficiency. For example, a test-taker who lacks a firm grasp of pertinent regulations may focus on them during their test prep. Likewise, you can spend your class time on futures if you don't completely understand them. Any questions you have may be answered promptly, as you are your instructor's sole pupil during your Series 3 prep courses.
A private instructor may also be better able to accommodate your individual learning style during your Series 3 course. If you are a visual learner, charts and graphs may be utilized to help illustrate key concepts. If you are more of an auditory learner, a lecture format may be used to help you better retain information.
We also strive to make Series 3 test prep as convenient as we can. All instruction takes place on our mobile-friendly Live Learning Platform, facilitating remote study sessions anywhere with a stable internet connection. We also try to match you with a tutor who meets your scheduling needs for added flexibility.
If you would like to learn more about the benefits of taking a Varsity Tutors Series 3 class, contact an Educational Consultant today for more information. We look forward to helping you reach for your academic goals!
Chi-Sun: Series 3 course instructor
...students to truly understand the concepts and reasoning behind math, and not just learn how to apply formulas and do well on tests. Although they may get good grades, this will be useless later in life. In my teaching experience, when students actually learn the concepts and logic, not only does their math vastly improve, but they also learn to enjoy math, which is the ultimate goal. My qualifications include excelling at all high school...
Education & Certification
- Massachusetts Institute of Technology - Bachelor of Science, Computer Science
- Series 3
- Computer Science
- IB Further Mathematics
- Differential Equations
- +112 subjects
Kevin: Series 3 course instructor
...and inventive Patent Holder with the US Patent Office, I know that learning is a great investment. My passion for teaching comes from a life long passion for learning. Im a Masters Degree graduate of Washington University in St. Louis (Olin School of Business: Finance emphasis) and also received my Bachelor of Science in Accounting from Truman State University. Both students and parents say that I help students succeed and realize their own potential with...
Gregory: Series 3 course instructor
...studied economics at Wesleyan University and Financial Mathematics at The University of Chicago (Masters Degree.) I have 20 years experience using complex concepts in finance (stats, linear algebra, calculus) at JPMorgan and UBS. I teach stats, finance and programing in a user friendly way. I don't repeat the dry methods of text books. MATLAB is my main scripting language; I also use R and SPSS. I enjoy math and science, and I tutor my own...
Tiffanie: Series 3 course instructor
...development, and business consulting I've also taught and tutored throughout my career. I love learning new things and am looking forward to sharing my appreciation of knowledge with students. I believe learning should be fun and interactive, and I hope to give students the skills and confidence they need for success! As far as my education goes, I graduated early from high school with three years in the International Baccalaureate (IB) program and AP credits....
Hal: Series 3 course instructor
...change the world, said Nelson Mandela. I believe that curiosity and education are key to individual growth and personal freedom in all aspects of life; that teachers can have a lasting impact on students and that each generation can build upon the knowledge and experience of the preceding one so that individuals can help society evolve into a more just and equitable place. I believe that the individual is the foundation of society and that...
Andrew: Series 3 course instructor
...Hill with a dual BA in Economics and Psychology, with a Math minor. I also have a MBA from UNC's Kenan-Flagler Business School with a Finance Concentration. I recently completed my MS in Finance from Georgetown. I have worked for the Federal Reserve Board of Governors, investment banks, and a private equity firm; so, I have experience in the applied application of academic theory. I am adept at teaching economics and finance, as well as...
Education & Certification
- UNC Chapel Hill - Bachelors, Economics & Psychology
- Georgetown University - Masters, Finance
- Series 3
- High School Accounting
- SAT Subject Test in Mathematics Level 2
- Professional Certifications
- +62 subjects
Jonathan: Series 3 course instructor
...an MBA with a concentration in finance, I am well acquainted with many of the various subjects taught by varsity tutors. The courses I have taken in financial derivatives, business statistics and corporate financial analysis have given me a broad base knowledge, as well as a forum for exploration. My personal goal is to use the knowledge I have gained combined with my experience teaching others to be a great tutor and overall resource for...
Education & Certification
- St Johns University-New York - Bachelor of Science, Finance
- St Johns University-New York - Masters in Business Administration, Finance
- Series 3
- Test Prep
- GRE Analytical Writing
- +75 subjects