The Futures and Commodities Exam, also known as the Series 3 exam, is required of certain people who wish to work in the stock market industry. Anyone who is going to work as an Associated Person, Commodity Trading Adviser, Commodity Pool Operator, Introducing Broker, or Futures Commission Merchant must take and pass the Series 3 exam. In addition, foreign entities who wish to do business with U.S. customers are normally required to register with the NFA (National Futures Association). Foreign entities must meet the same filing requirements as domestic applicants. Study guides and course materials can be found online.

Because of the complexity of the rules, those wishing to learn more about who needs to take the exam and other requirements for Series 3 registration should visit the National Futures Association's web site and review the section titled Proficiency Requirements. - Click Here

The Series 3 exam requires intense study and it is advisable for candidates to obtain current course books and CDs before attempting to take the test. In addition, onsite securities training can also be very helpful. Study materials and training courses are available online and should be used by all applicants.

The Series 3 exam is comprised of 10 categories. It is broken down into two groups: Market Knowledge and Rules and Regulations. Candidates must make at least 70% on both parts in order to pass the exam.

There are no prerequisites for taking the test other than submitting a Form U-10, along with the $95 test fee. Candidates are allowed 2.5 hours to complete the test.

Candidates can download the U-10 form here: Click Here

As mentioned above, study materials are important. Training courses for this exam are also available. A study guide outline is available for download at: Click Here

In addition the preparation guides available at the above website, applicants can also learn more on how to schedule a test session. It is important that applicants follow all of the instructions carefully.

Training courses as well as course books and CDs can be found at many online outlets. A good site to visit for obtaining quality course materials is:

* Morrison Media LLC - Series 3 Exam Secrets Study Guide - Buy Online

* American Investment Training, Inc. - Series 3 Course Preparation Materials - Buy Online

Job opportunities for those who pass the Series 3 exam are very good. Passing this exam will allow the individual to work in many different areas of the stock market. Passing the exam will also allow individuals to obtain work at the larger brokerage firms.

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