Wiley Series 3 Securities Licensing Exam Review 2019 + Test Bank : The National Commodities Futures Examination

**The go-to guide for the Series 3, with practice, examples, strategies, and more**__Wiley Series 3 Exam Review 2019 + Test Bank__is a comprehensive study guide for the FINRA Series 3 exam, which qualifies candidates to sell commodities or futures contracts. Created by the experts at The Securities Institute of America, Inc., this useful guide provides the information and practice you need to ace the exam. The book is designed to help you build and fine-tune your knowledge of each subject area covered, giving you the confidence you need to perform at your best. Work through review questions, study examples, and develop a strategy for the exam itself. You'll even find guidance toward effective studying methods that allow you to enter the exam fully mentally prepared.The National Commodities Futures Examination (Series 3) tests your knowledge of rules and statutes applicable to the markets. This intense two and a half hour test is a must for aspiring financial professionals, as passing means registration to conduct business in commodity futures and options. This book provides a valuable opportunity to test your knowledge and bring weak areas up to par, with complete coverage of exam topics.Review practice questions taken from each subject area covered by the examStudy hundreds of examples to clarify complex concepts and techniquesGain insight into the best strategies and tips for taking the Series 3Develop an effective study plan to stay focused and keep stress to a minimumAlthough the exam is entry-level, the stakes are high and the subject matter is complex. Don't muddle through it alone and assume you're prepared - this guide helps you be sure. For the Series 3 candidate serious about success,__Wiley Series 3 Exam Review 2019 + Test Bank__is your ticket to passing with flying colors - the first time. About the Series 3 Exam 11 Taking the Series 3 Exam 12 How to Prepare for the Series 3 Exam 13 What Type of Positions May a Series 3 Registered Principal Hold? 14 What Score Is Required to Pass the Exam? 15 Are There Any Prerequisites for the Series 3? 16 How Do I Schedule an Exam? 17 What Must I Take to the Exam Center? 18 How Soon Will I Receive the Results of the Exam? 19 About This Book 20 About the Test Bank 21 About The Securities Institute of America 22 Chapter 1: Futures and Forwards 23 The Spot Market 24 Forward Contracts 25 Futures 26 Trading Futures on the Floor of the Exchange 27 Clearinghouse 28 Clearing Member Margin Calculations 30 Basis Grade 31 Pretest 33 Chapter 2: Trading Commodity Futures 35 Types of Orders 36 Market Orders 37 Buy Limit Orders 38 Sell Limit Orders 39 Stop Orders/Stop Loss Orders 40 Buy Stop Orders 41 Sell Stop Orders 42 Stop Limit Orders 43 Other Types of Orders 44 Pretest 50 Chapter 3: Futures Pricing 52 Contract Sizes and Pricing 53 U.S. Treasury Futures 56 Stock Index Futures 57 Index Future Settlement 58 Single Stock Futures 59 Foreign Currency Futures 60 Pretest 62 Chapter 4: Price Forecasting 64 Futures Market Pricing Structure 65 Agricultural Futures Pricing 67 Supply and Demand Elasticity 68 Government Agricultural Programs 69 Crop Year 70 Economic Policy 71 Tools of The Federal Reserve Board 72 Interest Rates 73 Reserve Requirement 74 Changing the Discount Rate 75 Federal Open Market Committee 76 Money Supply 77 Disintermediation 78 Moral Suasion 79 Fiscal Policy 80 International Monetary Considerations 82 London Interbank Offered Rate / Libor 83 Yield Curve Analysis 84 Technical Analysis 86 Pretest 91 Chapter 5: Speculation and Hedging 93 Speculation 94 Margin 96 Maintenance Margin 98 Changes to the Margin Requirement 101 Other Forms of Margin Deposits 103 Hedging 104 How to Manage an Imperfect Hedge 107 A Change in Basis Price 108 Hedging Financial Risks 111 Pretest 116 Chapter 6: Commodity Futures Options and Commodity Futures Spreads 118 Option Classification 119 Option Classes 120 Option Series 121 Bullish vs. Bearish 122 Possible Outcomes for an Option 123 Managing an Option Position 124 Buying Calls 125 Selling Calls 127 Buying Puts 129 Selling Puts 131 Option Premiums 133 Intrinsic Value and Time Value 135 Multiple Option Positions and Strategies 137 Long Straddles 138 Short Straddles 140 Spreads 142 Analyzing Spreads/Price Spreads 144 Bull Call Spreads/Debit Call Spreads 145 Spread Premiums Bull Call Spread 147 Bear Call Spreads/Credit Call Spreads 148 Spread Premiums Bear Call Spread 150 Bear Put Spreads/Debit Put Spreads 151 Spread Premiums Bear Put Spread 152 Bull Put Spreads/Credit Put Spreads 153 Spread Premiums Bull Put Spread 155 Synthetic Risk and Reward 156 Delta 157 Spreading Futures Contracts 158 Spreading Treasury Futures 160 Pretest 162 Chapter 7: CFTC & NFA and Regulations 164 The Commodity Exchange Act of 1936 165 Futures Commission Merchant 167 Introducing Broker 168 Commodity Pool Operator 169 Commodity Trading Adviser 170 Risk Disclosure Documents 171 Additional Disclosures by CTAs and CPOs 175 Customer Accounts 176 Arbitration 179 The CFTC Reparation Process 180 Written Communication with the Public 184 Pretest 187 Answer Keys 189 Chapter 1: Futures and Forwards 190 Chapter 2: Trading Commodity Futures 191 Chapter 3: Futures Pricing 192 Chapter 4: Price Forecasting 193 Chapter 5: Speculation and Hedging 194 Chapter 6: Commodity Futures Options and Commodity Futures Spreads 195 Chapter 7: CFTC & NFA and Regulations 196 Glossary of Exam Terms 197 Index 221 Advert 251 Access Code 252 End User License Agreement 253 The go-to guide for the Series 3, with practice, examples, strategies, and moreWiley Series 3 Exam Review 2019 + Test Bank is a comprehensive study guide for the FINRA Series 3 exam, which qualifies candidates to sell commodities or futures contracts. Created by the experts at The Securities Institute of America, Inc., this useful guide provides the information and practice you need to ace the exam. The book is designed to help you build and fine-tune your knowledge of each subject area covered, giving you the confidence you need to perform at your best. Work through review questions, study examples, and develop a strategy for the exam itself. You'll even find guidance toward effective studying methods that allow you to enter the exam fully mentally prepared. The National Commodities Futures Examination (Series 3) tests your knowledge of rules and statutes applicable to the markets. This intense two and a half hour test is a must for aspiring financial professionals, as passing means registration to conduct business in commodity futures and options. This book provides a valuable opportunity to test your knowledge and bring weak areas up to par, with complete coverage of exam topics.-Review practice questions taken from each subject area covered by the exam -Study hundreds of examples to clarify complex concepts and techniques -Gain insight into the best strategies and tips for taking the Series 3 -Develop an effective study plan to stay focused and keep stress to a minimum Although the exam is entry-level, the stakes are high and the subject matter is complex. Don't muddle through it alone and assume you're prepared - this guide helps you be sure. For the Series 3 candidate serious about success, Wiley Series 3 Exam Review 2019 + Test Bank is your ticket to passing with flying colors - the first time The go-to guide for the Series 3, with practice, examples, strategies, and more Wiley Series 3 Exam Review 2019 + Test Bank is a comprehensive study guide for the FINRA Series 3 exam, which qualifies candidates to sell commodities or futures contracts. Created by the experts at The Securities Institute of America, Inc., this useful guide provides the information and practice you need to ace the exam. The book is designed to help you build and fine-tune your knowledge of each subject area covered, giving you the confidence you need to perform at your best. Work through review questions, study examples, and develop a strategy for the exam itself. You'll even find guidance toward effective studying methods that allow you to enter the exam fully mentally prepared. The National Commodities Futures Examination (Series 3) tests your knowledge of rules and statutes applicable to the markets. This intense two and a half hour test is a must for aspiring financial professionals, as passing means registration to conduct business in commodity futures and options. This book provides a valuable opportunity to test your knowledge and bring weak areas up to par, with complete coverage of exam topics. Review practice questions taken from each subject area covered by the exam Study hundreds of examples to clarify complex concepts and techniques Gain insight into the best strategies and tips for taking the Series 3 Develop an effective study plan to stay focused and keep stress to a minimum Although the exam is entry-level, the stakes are high and the subject matter is complex. Don't muddle through it alone and assume you're prepared - this guide helps you be sure. For the Series 3 candidate serious about success, Wiley Series 3 Exam Review 2019 + Test Bank is your ticket to passing with flying colors - the first time.