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Passtrak Series 7: General Securities Representative : License Exam Manual
 
 
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Passtrak Series 7: General Securities Representative : License Exam Manual [Paperback]

3.8 out of 5 stars  See all reviews (5 customer reviews)


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Book Description

May 2003
Moderate cover wear, some pages have been answered with markings in pencil


Product Details

  • Paperback
  • Publisher: Dearborn Trade Pub; 14th edition (May 2003)
  • Language: English
  • ISBN-10: 0793169445
  • ISBN-13: 978-0793169443
  • Product Dimensions: 11 x 8.5 x 2.1 inches
  • Shipping Weight: 3.9 pounds
  • Average Customer Review: 3.8 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Best Sellers Rank: #787,998 in Books (See Top 100 in Books)

 

Customer Reviews

5 Reviews
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Average Customer Review
3.8 out of 5 stars (5 customer reviews)
 
 
 
 
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72 of 72 people found the following review helpful:
4.0 out of 5 stars Just took the test, October 26, 2004
This review is from: Passtrak Series 7: General Securities Representative : License Exam Manual (Paperback)
I have little financial background and needed to pass the test in about a month. Here is what I did with this book, the only book I have ever used.

1) read the book one time. Do all the chapter tests. Understand them as best you can. Read all of the material once.
I suggest 30-50 pages a night depending on what subject. Unfortunately the first few sections are a grind (Munis and Options are included) and take longer - make sure to read these to understanding.

Pay attentin to all "test topic" alerts in the book.

2) Buy the CD and take tests. Lots of tests. Lots and lots of tests. Take full section tests ( I took them in increments of 50 and 100) until you are getting 80% of them correct.

At the end of each section of the book - take multiple tests on that section on the CD immediately afterwards. AS you read more and more sections - combine more and more subjects into the tests you take along with taking some that are subject specific.

Take tests that include all of the subjects too - then find what sections and sub-sections you are scoring poorly on and take tests upon test of just those subjects until you know them.

The CD is a must. You HAVE to have it. I probably took 150 tests ranging from full 125 all subject practice tests (that are JUST like the real thing as far as form and questions) to 50 question tests focusing on subjects I was scoring poorly on.

1) study the book and do the tests in the book
2) get the CD and go to town like a madman. Take tests until you cant take any more tests. You cannot take too many.


I got 87 first try and finished the first 3 hour session in 50 minutes and the second 3 hour section in 1 hour and 15 minutes. Took under 2 hours total. About 30% of the questions were EXACT - the others similiar.

My only complaint is that the section on Order Entry/Confirmation/and Settlement sections. I was in the 60% range on the test for that section and was LOST during the test on q's regarding those subjects.

You can pass the test with a month, this book and the dearborn CD.

good luck
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27 of 28 people found the following review helpful:
4.0 out of 5 stars Here's how you pass the Series 7 Exam, June 26, 2004
By 
Amazon customer (Los Angeles, CA USA) - See all my reviews
This review is from: Passtrak Series 7: General Securities Representative : License Exam Manual (Paperback)
Honestly, all the books out there (including this one) for the Series 7 exam are thick and filled with too much information. If you actually try to read the book from front to back, you are doing yourself a disservice. It is way too much information to retain. By the time you complete reading the book, you would have forgotten everything in the beginning.

My advice: Skip reading the book and jump straight into doing the practice exams. Read the questions and compare it to the answer. Only use the book as a reference. Do the practice exams over and over until you have a passing score of 80%+.

The book is actually pretty good if you insist on reading it. They explain the difficult concepts pretty well with the use of visual aids and Hotsheet summary.

Good luck! Get plenty of rest the night before. The test is long and draining!

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14 of 14 people found the following review helpful:
5.0 out of 5 stars Comprehensive Review to Pass Test, May 7, 2004
By A Customer
This review is from: Passtrak Series 7: General Securities Representative : License Exam Manual (Paperback)
This is an excellent book. I recommend completing the book in 25 days ~30 pages per day. Get the CD and do multiple 100+ questions test. Also, the audio CDs are excellent.
Score: 92%
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Inside This Book (learn more)
First Sentence:
The investment real estate market in America is booming as never before. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
new margin account, mutual fund whose investment objective, separate account performance, customer margin securities, municipal securities firms, municipal debt security, short market value, long margin account, general securities sales, municipal securities business, short margin account, long market value, cold calling rule, loan consent form, regular way settlement, direct participation program, diversified investment company, good delivery form, special memorandum account, loan consent agreement, registered rep, bona fide quote, maximum potential gain, excess equity, markup policy
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Test Topic Alert, Quick Quiz, Multiple Choice, Lesson Exam, Code of Procedure, Conduct Rules, Trust Indenture Act, United States, Code of Arbitration, Federal Reserve Board, Department of Enforcement, Bond Index, National Association of Securities Dealers, Minors Act, Consolidated Tape, New York Stock Exchange, Social Security, Tax Features, Uniform Gifts, Ginnie Maes, Maloney Act, Options Clearing Corporation, Fannie Mae, Federal National Mortgage Association, Hearing Officer
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