In order to register for the national futures association, candidates must pass this exam. The series 3 is a securities license entitling the holder to sell commodities futures contracts and options on commodities futures contracts. 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. 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. Futures trading theory and basic functions terminology. Futures broker home study course series 3 now in its twentieth edition. This licensing test is graded based on 120 multiple choice questions.
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. Series 3 exam prep training securities exam preparation. The series 3 is a national futures association nfa exam.
The series 3 national commodities futures examination is the required entry level test for commodity and derivatives trading under the national futures. 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 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. Series 3 national commodities futures exam practice. The series 3 exam for commodity futures brokers is divided into two parts futures trading theory and market regulations. The minimum passing score for the futures exams is 70 percent. Use this series 3 exam prep video to get a headstart on your national commodity futures examination. 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. 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. These types of securities are considered to be the riskiest types of investments.
Our software features a simulation of the proctor exam interface just like you will encounter on test day. Your copy will typically ship within one business day from our shipping facility. 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 exam the national commodities futures examination is a national futures association nfa exam administered by finra. Quizlet flashcards, activities and games help you improve your grades.
Series 3 license exam training series 3 futures and. How to pass the national commodity futures examination, using our easy stepbystep series 3 test study guide, without weeks and. Series 3 national commodity futures exam license exam. Commodity futures trading commission cftc as a result of the commodity futures trading commission act of 1974. Training consultants series 3 exam training solutions. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 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 exam series 3 practice test study guide zone. This intense two and a half hour test is a must for aspiring financial. 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. Study outline for futures industry exams nfa national futures. 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.
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. Our original research into the national commodity futures examination, offered by the. The exam center will send the exam results to finra. Series 3 national commodity futures exam flashcard. There are 120 multiple choice and truefalse questions.
The futures broker home study course has 8 sections, each. 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. Securities exam preparation incs series 3 study book prepares you for the national commodities futures exam. Prepare for the finra series 3 exam with training materials from knopman marks. The first section covers the area such as contract trading, terminology and reading the financial statements and. This page is dedicated to the series 3 practice test, which will outline the information that. The national commodity futures examination is quite simply an objective assessment of a test takers requisite foundation of knowledge and skills. Packages include practice exams, study guides, personal instructor support, and more. 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. Jun 25, 2019 the series 3 exam for commodity futures brokers is divided into two parts futures trading theory and market regulations.
Each part must be passed with a score of at least 70 percent. Our series 3 practice are developed by experiences finra certification professionals working in todays prospering companies and finra vce data centers. Series 3 national commodity futures exam national commodity. This barcode number lets you verify that youre getting. Taking is the series 3 exam is stressful, even if you are a good test taker.
A breakdown of futures trading theory and basic functions terminology. Quizlet flashcards, activities and games help you improve your. The series 3 exam for commodity brokers is a national futures association nfa exam administered by finra. Series 3 exam secrets study guide is the ideal prep solution for anyone who wants to pass the series 3 exam. Candidates have two hours and 30 minutes to complete the exam, which consists of two parts. 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. Registration rule 401 requires each individual who is applying for nfa membership as a futures commission merchant fcm, retail foreign exchange. The series 3 is an exam, also known as the national commodities futures examination, administered by the financial industry regulatory. The series 3 exam has two main parts and focuses on futures trading theory and market regulations.
National commodity futures exam series 3 4th edition securities license exam. Series 3 national commodity futures examination guarantee your series 3 exam success with our study guide. Series 3 national commodities futures exam practice study guide by xenasweet includes 55 questions covering vocabulary, terms and more. Series 3 exam secrets study guide is the ideal prep solution for anyone who wants to pass the series 3. However, if they are armed with information as clearly and concisely explained as it is in. 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. Series 3 flashcards with series 3 practice questions. The exam has one section that tests general futures market. Jan 23, 2018 use this series 3 exam prep video to get a headstart on your national commodity futures examination.
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. There are many selfstudy books, cds, and practice exams out there. Commodity trading adviser exam preparation to become a cta. Someone thought they were going to breeze through the examination, told all their friends, made plans for their future, and then got an embarrassing reality check from the series 3 test. The series 3 exam flashcards study system is available at this web page. The national commodities futures examination series 3 tests your knowledge of rules and statutes applicable to the markets. Proficiency requirements futures industry nfa national futures.
The series 3 exam is extremely challenging and thorough test preparation is essential for success. The series 3 exam for commodity futures broker is an exam that tests for knowledge on the. 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. Jun 22, 2012 series 3 exam commodities futures trading. A second, lesserknown career path, involves taking the national commodity futures examination, otherwise known as the series 3, which. To get that license, the applicant must pass a test called the series 3 examination.
Series 3 license exam national commodities futures. 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. Second, join the national futures association nfa as a cta. National commodity futures examination finra series 3 salary get a free salary comparison based on job title, skills, experience and education. The series 3 national commodities futures examination is the required entrylevel test for commodity and derivatives trading under the national futures association nfa. View test prep series 3 national commodity futures exam from finn 4003h at university of arkansas.
A candidate must score 70% on each part in order to pass the exam. Studying for the series 3 national commodities futures exam would leave most fledgling traders quaking in their boots. An examination of futures margins, option premiums, price limits, futures settlements, delivery, exercise, and assignment. Start studying series 3 national commodities futures exam practice 2017. Futures margins, options premiums, price limits, futures settlements, delivery, exercise, and assignment. It also qualifies individuals to manage other individuals who sell commodities or futures contracts. The test is administered by the national futures association nfa. How to pass the national commodity futures examination, using our easy stepbystep series 3 test study guide, without weeks and months of endless. However, if they are armed with information as clearly and concisely explained as it is in the series 3 exam secrets study guide, they can rest assured they have purchased a tool that will give them the confidence they need to. Series 3 national commodity futures exam flashcard drill by hunters. Securities trader series 3 license exam preparation. Those who are seeking qualification as a commodity trading advisor, introducing broker, futures commission merchant, associated person, or commodity.
The series 3 exam is designed to provide enough time for all students to complete each question on the exam. You will have 2 hours and 30 minutes to complete the exam. For additional information about this exam, including the. There are 120 total multiple choice and truefalse questions, and exam takers are provided 2 hours and 30 minutes to complete the exam. Individuals have two and 12 hours to finish the exam. Series 3 national commodity futures exam flashcard drill. 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. 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. The series 3 examthe national commodities futures examinationis a national futures association nfa exam administered by finra. 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. The nfa series 3, national commodities futures exam is required for registration with the national commodity exchanges in order to solicit and sell commodity.
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 is a multiple choice question based exam and is divided into two sections. 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. National commodity futures examination finra series 3. This is just a small sampling of the topics covered. The series 3 exam, or national commodity futures examination is made up of 120 multiple choice questions that have to do with eight topics. Each part must be passed with a score of at least 70. 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. Our series 3 practice are developed by experiences finra certification professionals. Series 3 exam, test and licence series 3 exam, license. How i passed the series 3 national commodities futures. Please note that simply passing one of the futures industry exams does not allow an individual to act as a. Series 3 national commodities futures exam practice 2017. The outline form for the test can be found on the nfa website.
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