NFA Series 3 Exam Prep Training Course & Study Materials
Prepare for your FINRA Series 3 Exam with our comprehensive online training program. We offer the most efficient and effective training solutions to ensure you master the difficult concepts and have the confidence to pass your exam the first time. Browse a variety of study packages available to fit every learning preference and budget.
*Actual price may vary depending on package selection.
NFA Series 3 Exam Prep Training Course & Study Materials
Whether you learn best by reading, video, taking notes, or live instruction, we’ve got you covered. We offer flexible learning packages with access to a variety of study tools for every learning preference.
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Hard-Copy Textbook
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Personalized Study Plan
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Best Practice Guide
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Practice Question Sets
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Benchmark Final
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Standard Final Exams
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Custom Exam Generator
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Phone Instructor Support
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Glossary and Acronyms
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TC Critical Facts
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Real-Time Content Updates
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Report Center
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On-Demand Video Lectures
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Checkpoint Exams
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eBook
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SpotCheck Quizzes
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Online Instructor Support
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Online Flashcards
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Live Focused Webinars
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*Securities products are available through Training Consultants, an ExamFX brand. Click this button to checkout on TrainingConsultants.com
Virtual Training Schedule - Live Webinars
Reduce the stress of self-study with the Live Online Package and live focused webinars. Available with package purchase, these webinars break down the most challenging exam topics, equipping you to confidently tackle your exams.
Explore our full virtual training schedule below.
Session dates are subject to change. Access Live Focused Review Webinars with the purchase of a Live Online Package.
Additional Study Materials
Looking to supplement the Textbook Package? Browse our additional study materials. The following Study Materials are included in the Online Course and Live Online Study Packages.
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Digital Flashcards
Quiz your knowledge of key concepts! Access digital flashcards without ever leaving your course to aid in studying and improving retention. Included in the Live Online and Online Course Packages.
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Exam Center
Access practice exams that mimic the actual exam. Test at multiple levels to gauge your knowledge level, identify areas needing improvement, and identify your level of readiness for exam day. Included in the Live Online and Online Course Packages.
Learn MoreExam Details
Everything you need to know about the exam before you register and start your preparation journey.
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120
Multiple-Choice Questions
2h 30m
Time to Complete
70%
Passing Score Required
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$140
Exam Cost
What is the Series 3 Exam?
The Series 3 is the FINRA exam that licenses financial professionals to sell commodity futures contracts and options on commodity futures contracts.
Part 1: Futures Trading Theory and Basic Functions Terminology
- Futures Trading Theory and Basic Functions Terminology
- Purpose and mechanics of futures contracts
- Key terms: long/short positions, open interest, settlement price
- Role of exchanges and clearinghouses
- Futures Margins, Options Premiums, Price Limits, Settlements, Delivery, Exercise, and Assignment
- Initial and maintenance margin requirements
- Mark-to-market and variation margin
- Options premiums and intrinsic vs. time value
- Price limits and daily settlement procedures
- Delivery process and contract expiration
- Exercise and assignment mechanics for options
- Types of Orders, Customer Accounts, Price Analysis
- Market, limit, stop, and contingent orders
- Account types and documentation
- Technical and fundamental analysis
- Chart patterns, indicators, and economic factors
- Basic Hedging, Basis Calculations, Hedging Futures
- Hedging strategies for producers, consumers, and investors
- Basis and its role in hedging effectiveness
- Cross-hedging and hedge ratio calculations
- Spreading
- Intra-commodity and inter-commodity spreads
- Calendar spreads and arbitrage opportunities
- Spread margining and risk considerations
- Speculating in Futures
- Speculative strategies and risk/reward profiles
- Leverage and volatility considerations
- Position management and exit strategies
- Options Hedging, Speculating, Spreading
- Buying and selling calls and puts
- Covered and uncovered positions
- Vertical, horizontal, and diagonal spreads
- Straddles and strangles for volatility plays
Part 2: Rules and Regulations
- Regulatory Bodies and Framework
- Commodity Exchange Act (CEA)
- Role of the Commodity Futures Trading Commission (CFTC)
- National Futures Association (NFA) rules and enforcement
- Registration and Compliance
- Associated person (AP) registration requirements
- Recordkeeping and reporting obligations
- Supervisory responsibilities and internal controls
- Customer Protection
- Know Your Customer (KYC) and Anti-Money Laundering (AML)
- Risk disclosures and suitability standards
- Handling customer complaints and dispute resolution
- Sales Practices and Ethics
- Prohibited practices: fraud, manipulation, misrepresentation
- Advertising and promotional material compliance
- Ethical standards and professional conduct
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