A private tutor may be exactly what you need to help you pass the Series 57 exam. A skilled Series 57 tutor can make a large impact on your mastery of the Series 57 material in a relatively short period of time. Private tutoring is most effective when preparing for the Series 57 exam under the following scenarios:
Working one on one with a Series 57 tutor just prior to taking your Series 57 exam can make all the difference in the world. A Series 57 tutor will make sure you are focused, have mastered the Series 57 material, and are confident in the application of the knowledge during your Series 57 exam. For Series 57 candidates who are getting ready to take the Series 57 exam for the first time or who have taken the Series 57 exam and missed passing the exam by 1 - 12 points, 4 - 8 hours of tutoring are usually enough to ensure you pass the Series 57 exam.
A recent Series 57 candidate who was being appointed as a junior trader on a high volume desk at a large broker dealer had spent a significant amount of time preparing for the Series 57 exam. He had recently passed his Series 57 but had not spent a significant amount of time learning the NASDAQ work station. He was struggling with all of the different ways to execute orders and how to protect a customer limit order. He had to pass in the next two weeks, so he could begin trading at the start of the quarter.
One of our Series 57 instructors who has managed trading desks at a large prop trading firm reviewed the candidates exam results and quickly identified the problems he was having with the questions on customer order protection, ACES, ECNs and UTPs on the practice exams. Our instructor spent a total of five hours virtually tutoring this Series 57 candidate focusing on these key areas explaining the subtle distinctions relating to order handling, order execution, NASDAQ access from UTPs and ACES and fine tuning his test taking strategies. Once the training was complete the candidate was ready to pass the exam and did so the three days after the last session. He is now a trader on a high volume desk
This Series 57 test taker was looking to trade on additional leverage at the prop trading firm he had opened his account with. As an experienced trader he was successful as a swing trader, but had not used the NASDAQ system. He had taken the test once and scored 63 percent on his first attempt. Until he passed the exam his firm limited the amount of leverage that he could use in his trading.
One of our Series 57 tutors who has experience as a Compliance Officer for a large prop trading worked with the candidate .We sent him the Series 57 textbook and assigned chapter readings and chapter tests to work on prior to meeting with our Series 57 tutor. As part of his comprehensive training plan virtual reviews were scheduled to go over his chapter results and to provide the candidate with the opportunity to ask comprehensive questions. Once significant progress had been made in the assigned chapters, two four hour review sessions were then scheduled at the candidate's location and designed to ensure that he passed his Series 57 exam. The tutoring resulted in a 15 point increase in his score. He is now trading on increased leverage.
Having received a job offer from a large firm to work on their trading desk, this Series 57 candidate had to start from scratch and pass the Series 57 exam in three weeks. This candidate had been working at another firm as a junior portfolio manager since he graduated college the previous year. This candidate had no experience with the NASDAQ market but had been wanting to become a trader and accepted the new position with the understanding that he had to pass the exam within the first month.
We set this candidate up with our series both the eBook and textbook for the 57 exam and sent him his login information for the exam prep software.. Our Series 57 tutor set his reading schedule to complete the book by the end of the first week. Our Series 57 tutor worked closely with him during the first two weeks, speaking on the phone answering questions, reviewing his exam results and conducting webinars. Our Series 57 tutor met with the candidate from 9AM- 5PM Tuesday and Wednesday of the third week conducting a comprehensive Series 57 exam review. The candidate took the Series 57 exam that Friday and passed with flying colors. He met his deadline to pass the exam and is now working on a major trading desk.