I am now just over a week from my
exam date. I spent the weekend sick and
did not study as much as I would have liked to.
It’s getting down to the wire and I am terrified that I will run out of
time without having a thorough understanding of the material in the book. By this point I was supposed to be
comfortable with all the information in the book and just be focusing on the
calculations. There is still quite a bit in the book that I don’t understand. One positive point is that the when I have
practiced the calculations they are coming to me easier than I thought they
would. I still remember many of them
from college classes so the practice has been more of a refresher for me.
Yesterday, I practiced on the
sample exam questions in the CTP exam preparation guide. I answered 70 questions and only got half of
them correct which is terrifying. I am
hoping that I did so poorly just from lack of focus with being sick and that I
am really not that clueless!
I am still having trouble with the
same areas I wrote about in my last entry.
I had a terrible time with a sample question that was asking about currency
exchanges. I am comfortable doing the
calculation for converting an amount of foreign currency into dollars. However, there was a sample question
regarding the interest rate of a currency being higher than the rate of another currency and you are supposed to answer whether it
is trading at a premium or discount in the futures market. This is such a
foreign concept to me that I just can’t grasp it. Unfortunately, this material makes up
somewhere between 8 and 13 questions* on the exam so I’m going to focus a large
part of time this evening reading this over again in the book.
If all goes according to plan I
will focus on studying this for about six hours between now (Monday) and
Thursday. I have taken Friday off work
to study. I will spend a good part of
Saturday studying. Sunday, I am hoping
to study a little, but spend a majority of the day relaxing with my
family. The exam is Monday and I hope to
go into it with a clear head. This was
one piece of advice that I read in the study tips provided in the CTP
preparation guide that I really hope to stick to. The advice was to spend the day before the
exam day trying to relax and clear your head instead of trying to spend your
final hours cramming information into your brain.
*editor's note: For more information on the number of questions on the exam per chapter of the ETM, see page 3 of the CTP Preparation Guide.