Securities Exam Preparation, Inc., established in 1972

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We are a consulting organization specializing in self-study test preparation for FINRA, NASAA, and NFA exams.

 

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SERIES 3 EXAM PRODUCTS

Note: All FINRA (NASD) exams are continually being updated.
You should take your exam within 120 days of ordering your study materials!


Series 3 Exam  National Commodity Futures (& ForEx)

The Series 3 test is required by the National Futures Association (NFA) and the domestic commodity futures exchanges for anyone who is going to act as an Associated Person, Commodity Trading Adviser, Commodity Pool Operator, Introducing Broker, or Futures Commission Merchant.  Those who trade ForEx (foreign exchange) are under the jurisdiction of the NFA are a being required to sit for the Series 3 test.

The Series 3 exam is divided into ten categories and is graded in two groups: Market Knowledge and Rules/Regulations. The first nine of the following categories with 85 questions comprises the Market Knowledge Group; category ten, with 35 questions, comprises the Rules and Regulations Group. You must achieve a 70% on each group to pass the exam.   Note that the NFA study outline has been changed to eight categories, essentially combining financial and agricultural hedging into one group and general speculation and spreading into one group.

The Series 3 exam is a prerequisite to the Series 30 Futures Branch Manager exam.

No prerequisite $95 test fee (Form U-10) 2.5 hour time limit

 Test Topics

Approximate Test Questions

Futures Trading Theory 13
Margins, Limits, Settlements 15
Orders, Accounts, Analysis 11
Basic Hedging 11
Financial Hedging 10
Spreads  3
General Speculation  8
Financial Speculation  8
Options  6
Regulations 35

Total 120 questions

 


Series 3 Exam Study Text

STUDY TEXT
$155.00

 

The 200+ page, 3-ring binder study program is designed to allow you to learn at your own pace and convenience. The Series 3 text is divided into the same categories as the exam -- this gives you a feeling as to the weighting of the topics on the exam.

The Series 3 study program includes end-of-category quizzes of 25 to 40 questions and two 125-point practice final exams. One final exam is random but properly weighted and the other is divided into how the test is graded – Market Knowledge and Rules/Regulations -- no other study program is constructed this way!   All questions have complete explanations.


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Series 3 Exam Computer CD-ROM  

WINDOWS CD ROM
$100.00




 

 

THE CD-ROM:
  • Is a supplement to any Series 3 futures study book
  • Includes 800+ exam-type questions with explanations - these are tough!!
  • Provides fast and thorough review of major test topics by category
  • Gives you an accurate measure of your likelihood of passing the exam.
  • Simulates the actual exam

-- These questions are HOT!!! ... and they are a supplement to
any study books you may have!


WHAT YOU NEED

  • Windows95 or higher
  • a 486 or higher machine
  • 8 MB RAM
  • Free hard disk space of 5MB.

WHAT YOU DO

  • The disk is menu driven -- so just highlight the topic you want to review and hit the Enter key -- the directions are on the screen!
  • Each of the TEN SECTIONS has 3 to 8 practice quizzes of 10 to 25 questions.
  • These groups are the same as the ten sections on your actual #3 exam -- that way you’ll make sure you are strong in each practice area!!
  • The computer keeps track of your score and bounces explanations to questions back to you-- this insures that you don't skip an important topic
  • Take the quizzes until you get an 80-90% accuracy -- and then take the final exams
Once you get 90%'s on the finals -- your actual exam will be a SLAM DUNK

On this single-user system you can take the quizzes up to ten times each; to maintain fresh test content, the CD expires after a certain time-period from the date of purchase -- you should take the #3 exam within 120 days of buying the CD.

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Series 3 Study Book and Computer CD-ROM


Study Text
and CD
$255.00



 

 

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"Blue Book" of Final Exams - Series 3

BLUE BOOK OF FINALS $100.00






This special comb-bound Series 3 "final exam" review program is designed to supplement any study materials you have. 

The 90 page "final exam" booklet includes over 400 exam-type questions with full explanations.



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Four Hour Ethics Training Video

Four Hour Ethics Video - Futures
$ 80.00



 

The CFTC has amended it's rule regarding ethics training for NFA registrants to allow for flexibility in the format, frequency and providers of ethics training, and permits each firm to tailor its training program to better suit its own operations.   This has shifted the responsibility to each firm to adopt and implement appropriate ethics training.    Here's a link to the NFA for specifics: Ethics Training Requirements

If you are joining a firm your compliance officer probably has a program established and you will train under that program.  

If you are forming your own CTA, CPO or IB, however,  our 4 hour program that discusses ethical behavior in relation to rules and regulations may suit your needs.

Here's how the program works:     You complete a worksheet as you watch the VCR program.   Then fax the worksheet to our administrative offices where it will be reviewed for completeness.   A certificate of completion is mailed to you that will provide support for meeting this NFA/CFTC requirement.

Contact us regarding the need of an ethics training program for your IB, CTA, or CPO.

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One Hour Futures Ethics Training Video

One Hour Ethics Video - Futures
$ 35.00



 

You complete a worksheet as you watch the VCR program. Then fax the worksheet to our administrative offices where it will be reviewed for completeness. A certificate of completion is mailed to you that will provide support for meeting this NFA/CFTC requirement.

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Four Hour Futures Ethics -- Web based

4 hour ethics web program
$70.00



 

You complete a worksheet as you watch the program downloaded from the web.  Then fax the worksheet to our administrative offices where it will be reviewed for completeness.  A certificate of completion is mailed to you that will provide support for meeting this NFA/CFTC requirement.

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Series 3 Study text with 4 hour ethics web program

Save $10
Study text with 4 hour ethics web program
$215.00



 

Study text with ethics web program.

You complete a worksheet as you watch the video. Then fax the worksheet to our administrative offices where it will be reviewed for completeness. A certificate of completion is mailed to you that will provide support for meeting this NFA/CFTC requirement.

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Series 3 Study text with CD and 4 hour ethics web program

Save $10
Study text with CD and 4 hour ethics web program
$315.00




Study text with CD ROM of extra test questions and ethics web program.

You complete a worksheet as you watch the video. Then fax the worksheet to our administrative offices where it will be reviewed for completeness. A certificate of completion is mailed to you that will provide support for meeting this NFA/CFTC requirement.


Series 3 Review Class - southern California only

            Click here for more information


People who have ordered the Series 3 study program have also ordered
the Series 65 and the Series 30.


CTA, IB, and RIA registration services available!
What is a CTA?
What is a RIA?



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