101 Ways to Score Higher on Your Series 7 Exam: What You Need to Know Explained Simply

It has been estimated that one half of all people taking the Series 7 exam will sit for the test a second time. Taking and passing the Series 7 exam gives you the necessary qualifications to make trades with corporate securities, commodities, and futures. Some people say that this exam is the hardest one they have ever taken. To ensure that this is not the case for you, be sure to read 101 Ways to Score Higher on Your Series 7 Exam.

In this new book, you will learn about and understand the organization of the exam and the computerized format. You will learn how to read questions correctly, how to control your anxiety, and how to approach each section. In addition, you will be presented with a list of resources to help you prepare and dozens of proven strategies, mindsets, and problem solving methods.

101 Ways to Score Higher on Your Series 7 Exam is filled with information about stocks, stock markets, government securities, municipal and corporate bonds, options, indexes, mutual funds, interest funds, interest rates, mortgages, ethics, margin accounts, insider trading, short selling, and dividends, all of which are topics addressed on the exam. Also included is a review of the seven critical functions of a registered representative. You will also find practice questions and ways to avoid making common mistakes.

Instead of panicking and worrying about the Series 7, pick up this book and be confident in your test-taking abilities. Whether you are taking the test for the first time or sitting for the second time, you will learn valuable information and practical tips for passing the exam on the first try and improving your score.

Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president’s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. The print version of this book is 387 pages and you receive exactly the same content. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version.

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101 Ways to Score Higher on Your Series 7 Exam: What You Need to Know Explained Simply

It has been estimated that one half of all people taking the Series 7 exam will sit for the test a second time. Taking and passing the Series 7 exam gives you the necessary qualifications to make trades with corporate securities, commodities, and futures. Some people say that this exam is the hardest one they have ever taken. To ensure that this is not the case for you, be sure to read 101 Ways to Score Higher on Your Series 7 Exam.

In this new book, you will learn about and understand the organization of the exam and the computerized format. You will learn how to read questions correctly, how to control your anxiety, and how to approach each section. In addition, you will be presented with a list of resources to help you prepare and dozens of proven strategies, mindsets, and problem solving methods.

101 Ways to Score Higher on Your Series 7 Exam is filled with information about stocks, stock markets, government securities, municipal and corporate bonds, options, indexes, mutual funds, interest funds, interest rates, mortgages, ethics, margin accounts, insider trading, short selling, and dividends, all of which are topics addressed on the exam. Also included is a review of the seven critical functions of a registered representative. You will also find practice questions and ways to avoid making common mistakes.

Instead of panicking and worrying about the Series 7, pick up this book and be confident in your test-taking abilities. Whether you are taking the test for the first time or sitting for the second time, you will learn valuable information and practical tips for passing the exam on the first try and improving your score.

Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president’s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. The print version of this book is 387 pages and you receive exactly the same content. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version.

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101 Ways to Score Higher on Your Series 7 Exam: What You Need to Know Explained Simply

101 Ways to Score Higher on Your Series 7 Exam: What You Need to Know Explained Simply

101 Ways to Score Higher on Your Series 7 Exam: What You Need to Know Explained Simply

101 Ways to Score Higher on Your Series 7 Exam: What You Need to Know Explained Simply

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Overview

It has been estimated that one half of all people taking the Series 7 exam will sit for the test a second time. Taking and passing the Series 7 exam gives you the necessary qualifications to make trades with corporate securities, commodities, and futures. Some people say that this exam is the hardest one they have ever taken. To ensure that this is not the case for you, be sure to read 101 Ways to Score Higher on Your Series 7 Exam.

In this new book, you will learn about and understand the organization of the exam and the computerized format. You will learn how to read questions correctly, how to control your anxiety, and how to approach each section. In addition, you will be presented with a list of resources to help you prepare and dozens of proven strategies, mindsets, and problem solving methods.

101 Ways to Score Higher on Your Series 7 Exam is filled with information about stocks, stock markets, government securities, municipal and corporate bonds, options, indexes, mutual funds, interest funds, interest rates, mortgages, ethics, margin accounts, insider trading, short selling, and dividends, all of which are topics addressed on the exam. Also included is a review of the seven critical functions of a registered representative. You will also find practice questions and ways to avoid making common mistakes.

Instead of panicking and worrying about the Series 7, pick up this book and be confident in your test-taking abilities. Whether you are taking the test for the first time or sitting for the second time, you will learn valuable information and practical tips for passing the exam on the first try and improving your score.

Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president’s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. The print version of this book is 387 pages and you receive exactly the same content. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version.


Product Details

ISBN-13: 9781601382238
Publisher: Atlantic Publishing Company FL
Publication date: 02/15/2010
Pages: 384
Product dimensions: 5.90(w) x 8.90(h) x 1.20(d)

Table of Contents

Introduction 13

How to Use This Book in Your Studies 14

Purpose of the Series 7 Exam 16

Exam Requirements: Sponsorship and Scheduling 18

Checklist 19

Chapter 1 Studying and Testing Strategies 21

What Kind of Student Are You? 21

Studying Techniques 22

Breaking It Down 24

Time Management 25

Quick Studying Tips 27

What to Expect on Testing Day 28

Checklist 32

Chapter 2 Equity Securities 35

Equity Basics 35

Common Stock 40

Preferred Stock 46

Other Equity Securities 48

Stocks and Your Client 49

Checklist 49

Chapter 3 Debt Instruments 55

Corporate Bonds 56

Government Bonds 63

U.S. Government Agency Securities 65

Government-Backed Money Market Instruments 68

Other Money Market Instruments 69

Bonds and Your Client 70

Checklist 70

Sample Questions 71

Charter 4 Municipal Securities 75

Municipal Securities: Types and Definitions 75

Issuing Process of Municipal Securities 80

Checklist 84

Sample Questions 84

Chapter 5 Packaged Securities 89

Management Investment Companies 90

Unit Investment Trusts (UITs) 95

Face Amount Certificates 96

Annuity Contracts 96

Real Estate Investment Trusts (REITs) 98

Packaged Securities and Your Client 98

Checklist 99

Sample Questions 99

Chapter 6 Direct Participation Programs (DPPS) 103

Basic Characteristics 103

Oil and Gas Programs 105

Real Estate Programs 106

Equipment Leasing Programs 107

DPPs and Your Client 107

Checklist 108

Sample Questions 108

Chapter 7 Derivatives 111

Basic Functions 111

Trading Procedures and Officials 113

Call and Put Options 115

Calculating Break-Even, Maximum Loss, and Maximum Gain 117

Options Strategies 121

Option Types 124

Options and Your Client 126

Checklist 126

Sample Questions 127

Chapter 8 Investment Information: Taxation 131

How Taxes Affect Different Investments 131

Retirement Plans 135

Gifts and Estate Taxes 139

Taxation and Your Client 140

Checklist 140

Sample Questions 141

Chapter 9 Explaining Security Markets and Functions 143

Self-Regulatory Organizations (SROs) 144

Working in the Primary Marketplace 146

The Secondary Marketplace 146

Over-the-Counter (OTC) Market Orders 147

Placing Orders 148

Securities Markets and Your Client 152

Checklist 153

Sample Questions 153

Chapter 10 Economics, Securities, and the Business Cycle 157

Economic Theories 157

Business Cycle 158

The Federal Reserve 161

International Markets 163

Economics and Your Client 164

Checklist 164

Sample Questions 165

Chapter 11 Analyzing Securities 169

Fundamental Securities Analysis 169

Technical Securities Analysis 173

Portfolio Theory 177

Securities Analysis and Your Client 179

Checklist 179

Sample Questions 180

Chapter 12 Evaluating Your Customer's Financial Needs 185

What You Need to Create a Customer Profile 185

Portfolio Allocation 188

Investment Strategies 189

Identifying Risk 190

Portfolio Analysis and Your Client 191

Checklist 192

Sample Questions 192

Chapter 13 Transactions and Account Management 195

Opening Accounts 195

Orders and Confirmations 199

Account Management 202

Rules of Conduct Regarding Accounts 202

Account Management and Your Client 206

Checklist 207

Sample Questions 207

Chapter 14 Special Customer Accounts: Margin 213

The Basics: Long and Short Accounts 213

Opening Accounts 215

Equity and Margin Accounts 215

Special Memorandum Accounts (SMAs) 218

Restrictions on Margin Accounts 221

Minimum Maintenance on Margin Accounts 223

Margin Accounts and Your Client 225

Checklist 225

Sample Questions 226

Chapter 15 You Passed! Now What? 229

Building Your Client Base 229

Keeping Up 232

Conclusion 235

Appendix A Formulas 237

Appendix B Sample Questions Answer Key 243

Appendix C Full Series 7 Practice Test 251

Practice Test: Part I 253

Practice Test: Part II 296

Appendix D Full Test Answer Key 331

Glossary 349

Resources 375

Bibliography 377

Author Biography 379

Index 381

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