PassMaster is a Web tutorial and test simulator for the National Commodity Futures Examination (Series 3). It is an asynchronous, e-learning program that compliments the IFM's Series 3 text books -- Futures & Options and Guide to U.S. Futures Regulation -- and together these self-study materials provide you with an excellent blended learning experience.

The IFM's Series 3 PassMaster consists of two modules;

1. The "tutorial" is a study module that draws from a bank of over 600 questions that can be sorted by difficulty and exam topics. Questions are segregated into two primary testing areas - market knowledge and regulation - and 10 subsections. The tutorial lets you demonstrate your knowledge and comprehension of the content by answering both multiple choice and true/false questions. You will receive immediate feedback after each question which reinforces learning and retention. With the PassMaster tutorial you will able to identify and focus on your weakest areas, and streamline your study time.
2. The "practice test" is an exam module that offers an unlimited number of timed-tests and simulates the experience of taking a Series 3 exam. Practice tests closely resemble the actual exam in style and format, and each timed test is 2 hours 30 minutes in duration. These tests are especially useful; it will teach you how to mark questions for review, and how to budget and manage your test-taking time, as if you were sitting for the real exam. At the conclusion of the practice test your results will be scored like a Series 3 exam.

PassMaster is self-paced and allows you to customize study time and refine your test-taking skills. Topics include:

• Futures trading , theory and terminology
• Futures and options margin, price limits, delivery and cash settlement of futures contract
• Types of orders and customer accounts
• Basic hedging and basic calculations
• Examples of hedging and speculation in commodity and financial futures
• Applications of futures spread trading
• Options hedging, speculating and spreading

Cost: A single-user subscription (one person, non-transferable) is valid for six months and is only $85 or available in various discount combinations with other IFM exam prep materials. PassMaster also may be used as a stand-alone program for those with a knowledge of futures and options, or as a refresher for re-establishing an NFA registration. Series 3 PassMaster is produced and distributed exclusively by the Institute for Financial Markets, a nonprofit educational foundation, and used by firms, industry professionals and regulators.

To Order click here or call the Institute at 202.223.1528