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NASD Stockbroker Series 7 Exam: Preparation Guide (Compass Learning System)
NASD Stockbroker Series 7 Exam: Preparation Guide (Compass Learning System)

Paperback
Edition: 1
Author: Thomson South-Western
Publisher: South-Western Educational Pub
Release Date: 2003-09-09
ISBN-10: 0324186959
ISBN-13: 9780324186956
List Price: $107.95
Average Customer Rating:
Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0
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Summaries and Customer Reviews are supplied by Amazon.com

Summary:
Built on a highly proven test-prep model, this new guide fully prepares users to pass the Series 7 Exam as well as excel in the seven critical functions of a registered representative. Unlike other test-prep materials available, this guide is structured around the seven critical functions of the registered representative ? exactly how the Series 7 Exam is organized ?leading to increased success in passing the exam. Exam Preparation book with Drill & Practice CD-ROM also available (0-324-22444-3).

Customer Reviews
Average Customer Rating: Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0

Inadequate, full of inaccuracies
Customer Rating:  Score = 1 Score = 1 Score = 1 Score = 1 Score = 1
The book should prepare you to get UP TO 60% score on your Series 7 exam.
The author cannot even properly explain the simplest 101 concepts, such as what a "Stop Limit Order" is or how index options work.
There are plenty of inaccuracies, vague explanations and knowledge gaps.
After having read the book twice, I took a couple serious practice tests (not from this book) only to realize that I have not learned nearly enough to pass the exam effortlessly.
Buying this book was a waste of money and reading it - a waste of time.

Very Helpful
Customer Rating:  Score = 4 Score = 4 Score = 4 Score = 4 Score = 4
I passed this exam after studying with only this book. There were a few errors in it, and some of the information is slightly out-of-date (e.g., the IRA contribution limits listed are a few years out of date). Overall, however, I found it to be very useful and well-organized.

Pretty good guide, not great
Customer Rating:  Score = 4 Score = 4 Score = 4 Score = 4 Score = 4
This guide provided me with a lot of useful information, however, there are some things on the test that could not be answered from this guide. I really like how options and bonds are documented. However, I did not like how market regulations and account set-ups are documented. Good luck if you're testing!

Errors on test exams
Customer Rating:  Score = 5 Score = 5 Score = 5 Score = 5 Score = 5
Generally good book, but be careful of errors. There are a number of errors in the text and in exam questions, for instance question 224 (exam 1), answer given is A, but correct answer is C by its own description.

I hope this wasn't a real test at one point.....

Errors in text as well.....
Example: Stop Limit Orders become Limit orders, not stop orders. i.e. will never become market orders....See SEC definition.

A head above
Customer Rating:  Score = 5 Score = 5 Score = 5 Score = 5 Score = 5
I used this book as a supplement to an online course, to fill gaps and to obtain a different prospective on the subject matter. I loved that it has no "water" in it, rather it is straight to the point, reducing study time, with great "Exam Topic" alerts and an excellent post-chapter summaries, which I used for the "morning of", last minute refresher. The books has good graphics, charts, appropriately used highlights (for good layout and text flow), making studying a breeze. I passed after 20 days of studying with 89% (possibility of attaining the same result is not implied or guaranteed hereby :) .)

























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