WebI took and passed the Series 3 exam two days ago. There's very little information about it, so I thought I'd share my experience. All of the questions are multiple choice, and they can be split into three categories: 1/3 focus on futures trading regulations (lots of questions on FCM/IB responsibilities) I was surprised by how many calculation ... WebThe Series 3 is a National Futures Association (NFA) Exam. This licensing test is graded based on 120 multiple choice questions. Individuals have two and 1/2 hours to finish the exam. 70% is the passing score. Main Areas that are tested: Options and Contracts - Futures Theory and Strategies - Hedging Positions - Margin and Accounts.
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Web26 Nov 2003 · 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 … Web21 Dec 2024 · The Series 3 license is for those who want to sell commodity futures contracts. This license is more specific than Series 6 or 7 and is generally reserved for those who specialize in selling commodity futures. The National Commodities Futures exam is from the National Futures Association (NFA) but administered by FINRA. It’s two hours … sprogett for washing line
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Web30 Aug 2024 · Series 3 The Series 3 license authorizes representatives to sell commodity futures contracts, which are generally considered the riskiest publicly traded investments … WebCommodities are products that come from the earth or are grown such as gold, wheat, lumber, cattle, cotton, orange juice, oil and pork bellies. Commodities brokers must be licensed and registered to work in the industry. To become a commodities broker, a person must pass an exam and a background check. 00:0000:00 An unknown error has occurred WebThe Commodity Exchange Act (CEA) requires certain firms and individuals that conduct business in the derivatives industry to register with the CFTC. CFTC regulations also require, with few exceptions, CFTC registered firms to be NFA Members. The CFTC has delegated registration responsibility to NFA. sproghistorie