Greetings, and welcome to yet another insightful article on Series 7 flashcards.
This is the fifth article in our eight series articles on the Series 7 exam.
We’ve embedded free Series 7 flashcards spanning the four domains of the exam.
Each deck has over 40 flashcards.
Apart from the Series 7 exam flashcards, we’ll discuss how to use them, strategies to help you make the most of the cards, and the benefits of using flashcards to prepare for the FINRA Series 7 exam.
In a nutshell, we’ll cover:
- How to use the free Series 7 flashcards
- Strategies for getting the most of the Series 7 flashcards
- Benefits of using flashcards when preparing for the Series 7 exam
Keep reading to find out more.
Post 5 of 8 in the Series 7 Study Series
Seeks Business for the Broker Dealer from Customers and Potential Customers
Seeks Business for the Broker Dealer from Customers and Potential Customers deck 1
Seeks Business for the Broker Dealer from Customers and Potential Customers deck 2
Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives
Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives deck 1
Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives deck 2
Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives deck 3
Provides Customers with Information about Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records
Provides Customers with Information about Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records deck 1
Provides Customers with Information about Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records deck 2
Provides Customers with Information about Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records deck 3
Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions
Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions deck 1
Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions deck 2
Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions deck 3
How To Use the Free Series 7 Flashcards
The Series 7 exam flashcards above have several functions you can use to get the most out of the cards.
On the top right of each card, there is a star function.
Star the card you find important to study later.
At the bottom right of the decks are two functions: shuffle and switch front and back.
You can mix up the order of the flashcards by shuffling.
Using the switch front and back side function, you can change the side with the question to be the backside and the answer side to be the front side.
Finally, the navigation arrows below each deck allow you to go to the previous card or move to the next one.
Strategies for Getting the Most of Series 7 Flashcards
When preparing for the general securities representative exam, Series 7 flashcards can help you master the exam content with ease.
The cards cover the foundational knowledge and definitions in the four domains of the Series 7 exam.
You’ll learn about security products, including annuities, investment company products, mutual funds, and equities.
There are also cards on customer account types, conditions for investors, and rules and regulations.
The flashcards are meant to be used together with other Series 7 study materials for the best results.
The first step is to review your Series 7 prep course textbook to get over the Series 7 content.
The cards will help reinforce the already read information in a precise, concise manner.
Series 7 exam study guide is yet another study material that’s a great supplement when using flashcards.
As you better understand the information on the cards, you can incorporate practice questions to test your level of understanding.
See if you can recall the answers to the questions you’ve already covered in the flashcards.
If you have, you can unstar those cards and star the ones you still find difficult to recall.
Series 7 exam flashcards will give you the best result if you read them loud in a quiet place.
When you hear yourself read the questions and answers aloud, it helps you retain the information better.
Further, instead of just reading a card and moving to the next, ask a few questions with each card.
Why is the card important?
What other related information does the card bring to mind?
These questions will give you a wider scope of the Series 7 exam content.
Another great strategy is to reinforce the information on both sides of the card by switching front and back.
This will test your understanding to a greater depth than studying the same side repeatedly.
Benefits of Using Flashcards When Preparing for Series 7 exam
Flashcards are great study tools for exam preparation.
In the case of the Series 7 exam, the cards help you break down the overwhelming Series 7 content into small digestible chunks.
Using spaced repetition technique, one of the most effective methods of learning, you can memorize loads of information.
That’s the technique that makes flashcards the go-to study material.
The flashcards expose you to different content, definitions, and question types, making it an effective study tool for the first time and subsequent test takers.
That said, here is exactly how you’ll benefit from using our free Series 7 cards.
Makes It Easy to Recall
Spaced repetition uses a technique known as active recall.
After you’ve read and understood a concept, the next time the item is presented to you, your mind goes to work to retrieve that information.
That’s what happens with flashcards.
When you read the front side of the card, you try to remember and explain the concept.
The technique trains your brain to actively study and retain information so that you can recall what you read next time.
That’s what makes the Series 7 flashcards an ideal study tool.
Your mind is always active, making it easy to understand concepts rather than memorize them.
Improve Information Retention
The beauty of flashcards is that they only contain important information.
The concepts are precise and to the point.
Our flashcards break down the complex Series 7 concepts into bite-size points, making learning straightforward.
You can quickly pick the important points within a short time.
The cards increase efficiency.
You don’t need to memorize but simply understand the important information that has been precisely picked out from the syllabus.
It makes your study time for the Series 7 exam more productive.
Effective Utilization of Metacognition
Metacognition boosts learning to a greater degree.
When using flashcards, you check the question on the front portion and give your answer.
You then flip the card to confirm if your answer is correct.
Next, you compare the knowledge that you have with the fact.
This technique tests your metacognitive faculty.
As you compare your response and the answer on the back of the flashcard, you can determine your level of knowledge.
How accurate were you?
This helps you understand just how much you know.
You can review your study materials to close the knowledge gap.
Effective Revision Tool
Like our other array of study tools: Series 7 practice exam, Series 7 study guide free, and Series 7 study plan, the Series 7 flashcard is also a must-have revision tool.
Cards make an excellent revision tool when the exams are close.
Instead of reading the Series 7 exam prep course textbook, the cards make the most effective way to review key concepts.
Two to three days before the exams, take practice tests and use flashcards to revise the answers.
You can also use them as stand-alone revision tools.
The one thing about exams is that your confidence plays a huge role in whether you’ll pass or fail.
If you’ve not mastered the course content, your confidence level will dwindle with every second.
There are high chances that you’ll be even more fearful if the Series 7 test questions are more difficult than you anticipated.
Flashcards allow you to retain information over time.
You’ll be confident in your mastery of the Series 7 content, which ultimately helps boost your performance.
Net Step in Preparing for the Series 7 Exam
The Series 7 flashcards allow learners to review the exam content in a short time, as they are concise.
The flashcards only cover the most important information that is often hard to memorize.
If you consistently review the cards, you’ll be able to retain a lot of Series 7 content.
Using them with other study materials is even better.
You’ll boost your learning and understanding.
All the best as you prepare for the exam.
Free Series 7 Flashcards Frequently Asked Questions
What is a good Series 7 book?
– Series 7 Exam Prep study guide by Trivium Investment Exam Prep Team
– Pass the 7: A Plain English Explanation to Help You Pass Series 7 Exam by Robert M. Walker
– Series 7 Exam for Dummies, 4th Edition by Steven M. Rice
– Wiley Series 7 Securities Licencing Exam Review by Wiley
What is the best exam prep for Series 7?
Here are our top picks for the best Series 7 exam prep courses:
– Securities Institute of American Prep Course
– Securities Training Corporation Series 7 Course
– ExamFX Review Course
– Achievable Test Prep Series 7 Course
– Knopmanmarks Series 7 Review
– Kaplan Financial Education
What is the difference between a Series 7 and an SIE?
The SIE exam and Series 7 exam have many topics in common. However, the Series 7 exam delves deeper into these topics. The difference is that SIE tests financial industry rules and regulations, which are not tested in the top-off exam. Series 7 tests taxation that’s not tested in the SIE.
How can I register for the Series 7 exam?
To register for the Series 7 exam, you must be sponsored by a FINRA member firm or a self-regulatory organization (SRO). The organization will file a Uniform Application for Security Industry Registration form to register for the exam. They’ll also pay the exam fee of $300.
What is the pass rate for Series 7?
Although the Financial Industry Regulatory Authority doesn’t give a pass rate, it is estimated that the Series 7 exam pass rate is 65%. Series 7 is one of the toughest FINRA exams. To pass, you must dedicate humble time and cover the Series 7 content.
How long should you study for the Series 7 top-off exam?
It takes 80-100 hours to prepare for the Series 7 exam. If you don’t have experience in the industry, your study time can run up to 150 hours. A study system that covers the Series 7 study guide, Series 7 cheatsheets and the practice exams will help with preparation.
What is the Series 7 passing score?
The passing score for the Series 7 exam is 72%. The exam contains 135 questions in total, where ten questions are unscored. That means you must score at least 90 questions to pass. The exam takes 3 hours and 45 minutes to complete.
How much does the Series 7 exam cost?
The Series 7 exam costs $300. The cost is covered by the FINRA sponsoring firm. You should check with your sponsor when you are ready to take the exam. The only FINRA exam you pay from your own pocket is the securities industry essentials.
How many times can you take the Series 7?
You can take the exam as many times as you want. However, you’ll have a 30-day waiting period for the first three attempts. For the subsequent trials, you have six months waiting period. Since it’s a prerequisite to becoming a registered representative, take many practice exam questions to help you pass.