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      • The Series 3 exam covers topics that commodities brokers need to know, such as options, futures, hedging, and margin requirements, as well as market and regulatory rules. The exam consists of 120 multiple-choice questions in two parts, and candidates have two hours and 30 minutes to complete it.
  1. License Exam Manual (LEM) The introduction found in your License Exam Manual will review the specifics of your exam. • Prerequisites • Timing of the exam • Topics covered and weighting of your exam • Important test-taking tips. Now you can really get studying! • Read the LEM one unit at a time, thoroughly.

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  3. Begin preparing for your exam with the comprehensive License Exam Manual. Practice your test-taking skills and focus on areas of weakness with quizzes in the SecuritiesPro ™ QBank. Use the Video Library for additional clarification on exam topics you may be having trouble understanding.

  4. The Series 3 License Exam Manual addresses the following topics: Unit Topic. 1. Futures Trading Theory, Basic Functions, and Terminology 2. Speculation, Hedging, and Spreading 3. Technical and Fundamental Analysis 4. Interest Rate, Stock Index, and Foreign Currency Futures 5. Options on Futures 6. Trading Futures 7. Regulations—Part 2

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  5. Best Practices Guide. Kaplan Financial Education created this Best Practices Guide to help you pass your Series 3 exam the first time. Series 3 Exam Details National Commodities Futures Exam. This license is required to act as a commodity futures professional. Test-Taking Tips. License Exam Manual. Exam Stats. Study time: 40–60 hours; 4–5 weeks.

  6. License Exam Manual (LEM) Available in Print. This comprehensive textbook is the foundation of your qualification exam preparation. The text contains everything you need to know for the exam, broken down into easily digestible units.

  7. Practice Test for Series 3 Exam Prep. Since the Series 3 licensing exam requires the evaluation of futures positions and the execution of mathematical calculations, STC’s material has been carefully developed to simplify the process.

  8. May 6, 2024 · The Series 3 examination is the all-encompassing test that is required by the National Futures Association (NFA) and the Commodities Futures Trading Commission (CFTC) in order to be...

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