Examination Morning Session – Essay (2004) by CFA Level 3
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Examination Morning Session – Essay (2004) by CFA Level 3
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Forex Trading – Foreign Exchange Course
You want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
Size: 605 KB
The CFA Program includes a series of three exams; Levels I, II, and III. The exams:
Are offered annually — at test centers around the world — on the first Saturday in June. The Level I exam is also offered in December.
Must be passed sequentially.
Are available in English only.
The exam content, learning focus, and question format increase in complexity with each level.
Curriculum Content and Learning Focus
An example showing the increase in complexity is the ethical and professional standards curriculum content. This content is similar for each exam level; however, candidates are asked different types of questions:
Level I tests your knowledge of the ethical and professional standards.
Level II tests how you apply those standards to situations analysts face.
Level III tests how you apply the standards in a portfolio management and compliance context.
In general:
Level I exams consists of basic knowledge and comprehension questions focused on investment tools; some questions will require analysis.
Level II exams emphasize more complex analysis, along with a focus on valuing assets.
Level III exams require synthesis of all the concepts and analytical methods in a variety of applications for effective portfolio management and wealth planning.
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