Study guide
Series 3 study guide
Read a lesson, then practice the ideas you want to remember.
Lessons
- Customer Protection: Account Approval, Risk
- CPO/CTA Disclosure Documents, Pool Rules, CF
- NFA Disciplinary Process and CFTC Enforcemen
- NFA Rule 2-29 and Performance Disclosure
- Segregation of Customer Funds, Part 30 Forei
- Basis Dynamics: Contango, Backwardation, and
- Exam Structure, Futures vs. Securities, and
- Commodity Exchanges, Futures Contracts, and
- Price Discovery, Cash vs. Futures Markets, a
- Basis Risk, Strengthening vs. Weakening Basi
- Currency, Stock Index, and Municipal Cross-H
- Hedge Ratios, Contract Selection, and Cross-
- Interest-Rate Analysis and Financial Futures
- Long Hedging Principles and Commodity Input
- Short Hedging Principles and Commercial Risk
- Customer Account Opening, Discretionary Acco
- Delivery Notices, EFPs, Exercise, and Assign
- Initial, Maintenance, and Variation Margin C
- Order Types, Fill Priorities, and Floor vs.
- Position Limits, Position Accountability, an
- Daily Mark-to-Market, Settlement Procedures,
- Fundamentals of Futures Options: Calls, Puts
- Option Premium Valuation: Intrinsic Value vs
- Option Quotations, Delta, and Return on Equi
- Options Payoff Profiles, Breakeven Analysis,
- Vertical, Calendar, and Arbitrage Option Spr
- Associated Person Registration, Proficiency
- Legal Framework: Commodity Exchange Act and
- FCM and IB Operations, Order Records, and Re
- NFA Self-Regulatory Organization, Membership
- Risk Control, Stop-Loss Placement, and Posit
- Long and Short Speculation Mechanics, Financ
- Technical Analysis, Chart Patterns, Trendlin
- Intra-Market and Inter-Market Futures Spread
- Inter-Commodity Spreads, Processing Spreads