Zero foundation, I don t know how to prepare for the FRM exam

FRM exam is based on the establishment of a new knowledge system based on modern financial risks, risk management has always been the core of financial work, and FRM is the most authoritative, the most stringent, the most recognized qualification certificate of financial risk management, so if we study by ourselves but do not have a certain knowledge foundation, then it is still relatively difficult to learn. Get free preparation materials for the 2022 FRM (trial course + past papers + exam syllabus, etc.).

Part I: Getting Started with FRM.

For most people who take the FRM exam, it is a beginner's experience.

FRM is an all-English test, and the first test for Chinese candidates is English.

Therefore, in the process of reading the original notes, proficiency in financial English is also an essential homework.

In this process, for Chinese students with a poor foundation, they can be equipped with "FRM Zero-based Financial English". In this way, there can be an improvement in the speed of reading and word mastery.

At the same time, FRM candidates, who are still confused about the concept of FRM exams, mostly only have a literal understanding of global financial risk managers. At this time, it is important to supplement the leading knowledge of FRM. At this time, you should become familiar with quantitative analysis, financial markets and products, and financial English as soon as possible.

Part II: FRM Knowledge Refinement.

At this stage, every self-examinee for the FRM has entered a state of sponge absorption. According to the content of the notes, the content of each chapter is read, understood and mastered in an orderly manner.

Part 3: Focus on reviewing and reinforcing knowledge points.

At this point, most of the candidates have already entered the professional field of FRM. But he is still a novice in the FRM professional army, and he has not practiced in his own shoes. In the process of learning FRM in a down-to-earth manner, many candidates have the habit of taking notes while reading a set of notes.

Each chapter, the essence of each knowledge point, variables, probability, and probability changes between concepts requires candidates to sort out the learning notes through their own understanding.

Part 4: FRM Consolidation Questions.

Candidates who have taken the FRM test know that the most important part is to do the questions. The official practice exam should be done, the exercises at the end of each chapter of the notes should be done, and the real questions should be simulated to be practiced frequently.

Having an immediate reflection on how much FRM knowledge you have mastered, checking and filling in the gaps, and making up for your own deficiencies has become the key to passing the FRM exam. Choose one of handbooks and notes to study at least once, so that you will have a comprehensive understanding and grasp of the basic knowledge. Go through all past papers on the handbook at least once, and if you have time, it's best to go through them again before the exam.

The practice exam published by the association should be completed at least once. Click here for a free consultation with FRM Masters.

With the rapid development of the financial industry, the recognition of domestic candidates for the FRM exam has also been greatly improved, but when everyone is applying for the exam, the teaching materials and materials of FRM have become a matter of concern to everyone. How do you review FRM? Let's take a look.

1. Preparation of study materials.

Before preparing for the FRM exam, candidates should first prepare the relevant learning materials, the learning materials about FRM are mainly divided into several categories, FRM exam syllabus, textbooks on the official website of GARP, notes, practice exam, notes exam, in addition to the exam syllabus, candidates also need to focus on reading the notes book in the usual study and preparation process, you must know that this book is explained according to the content of the FRM syllabus, The knowledge points involved are also very comprehensive and the explanations are also very detailed, anyway, FRM candidates can prepare for the exam around these materials.

2. Make a study plan.

In addition to preparing relevant study materials, in order to successfully pass the FRM exam, the premise is also to develop a study plan that suits you, and you do not need to spend a long time studying every day, as long as you can arrange in detail what to study every day, and can strictly follow the content on your plan, you will always gain something every day. Generally speaking, it will take more than 15 weeks to take at least the FRM test, and when studying, in addition to being able to understand and master the content of the textbook, it is recommended that it is best to organize a mind map, so as to further consolidate what you have learned.

3. Revision needs to be repeated repeatedly.

Generally speaking, the preparation for the FRM exam can be divided into three stages, the first stage is to conduct preliminary study of the knowledge points of the textbook, and do a good job of taking relevant notes. The second stage is to recall and consolidate what you have learned before, and the third stage is to make the final sprint to the knowledge points you have learned, and combine them in the form of questions to further consolidate the knowledge points.

FRM is a very good exam, and you can pass it if you brush the questions at the first level. Legend is a four-part rating based on your score relative to everyone's score, with the best being 1 point and the worst being 4 points, and the four sections add up to no more than 10 points in the Legend. That is, you get 1 point for doing the top 25% of all of them, and 4 points for the bottom 25%.

For example, I'm very watery 3222.

2. Analysis of each part: There are still a lot of objective questions such as first-level calculations, book is the focus, book1 is the foundation, the capm Sharpe ratio must be tested every year, the current issue (that is, the risk event), and the garp code. It's relatively simple.,But you have to memorize book2 is measurement.,I've learned the basics of statistics and measurement and passed the language level OK book3 derivatives.,Learn it.,Basically, every point can be tested.,I feel like I've taken 4 swap calculations this year.,It's very strange that sometimes the same knowledge point is tested for several questions.,So don't hold this definitely don't take the test The mentality of losing the province is a point.,I was like this.,Look at the test papers, some knowledge didn't want to read at the time, and really took the 3 questions.。。。

Book4 risk, var, Greek letters, option pricing, are basically also the focus, and there is a connection between them, this part needs to be more careful. General strategy: quickly memorize the knowledge of book1, awaken the memory of book2, understand the key parts of book3 and book4 (the standard of the key point is to do the simulation behind the first-level note and count the number of questions in each chapter), and take the objective questions (arithmetic) as the first priority.

3. Required booksI bought the Gordon Online School ** course, which is so big that it takes half a day and sometimes it can't be opened, and it's no problem for students to brush up on their own, so it's not recommended to buy it. Working people too tired can be considered, but it only helps to understand.

Handbook really doesn't work. English and Chinese are scanned, and it feels useless. Note4 is the most useful.

As an international exam with high gold content, although its exam registration requirements are not high, if you want to pass the exam, you still need to meet the following conditions:

1. Have a certain foundation in English: The all-English FRM exam requires us to have basic English reading skills, and due to the tight time of the FRM exam, we need to be able to read smoothly and understand its main idea.

Note: Financial English vocabulary can be accumulated in future exam preparations.

2. Have a mathematical foundation: one of the nine subjects in the FRM exam for financial risk managers is quantitative analysis, which requires us to have a certain foundation in statistical probability, because we need to be able to master various risk measurement tools in FRM learning.

1. Because FRM is an all-English exam, and the official textbook is also in English, it is enough to have an English reading level of CET-4 or CET-6, and have a certain level of English reading ability.

2. Good mathematical foundation is generally the difficulty of counting three and four, and there are more probability and statistical content.

3. Good foundation in finance.

If you have no foundation, it is recommended to find a training class for systematic learning.