NFA Series 34 Exam Prep Training Course & Study Materials
Prepare for your NFA Series 34 Exam with our comprehensive online training program. We offer the most efficient and effective training solutions to ensure you master the difficult concepts and have the confidence to pass your exam the first time. Browse a variety of study packages available to fit every learning preference and budget.
*Actual price may vary depending on package selection.
NFA Series 34 Exam Prep Training Course & Study Materials
Whether you learn best by reading, video, taking notes, or live instruction, we’ve got you covered. We offer flexible learning packages with access to a variety of study tools for every learning preference.
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Hard-Copy Textbook
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Personalized Study Plan
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Best Practice Guide
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Practice Question Sets
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Benchmark Final
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Standard Final Exams
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Custom Exam Generator
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Glossary and Acronyms
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Report Center
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Checkpoint Exams
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eBook
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SpotCheck Quizzes
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Online Instructor Support
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Online Flashcards
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Live Focused Webinars
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*Securities products are available through Training Consultants, an ExamFX brand. Click this button to checkout on TrainingConsultants.com
Virtual Training Schedule - Live Webinars
Reduce the stress of self-study with the Live Online Package and live focused webinars. Available with package purchase, these webinars break down the most challenging exam topics, equipping you to confidently tackle your exams.
Explore our full virtual training schedule below.
Session dates are subject to change. Access Live Focused Review Webinars with the purchase of a Live Online Package.
Additional Study Materials
Looking to supplement the Textbook Package? Browse our additional study materials. The following Study Materials are included in the Online Course and Live Online Study Packages.
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Exam Center
Access practice exams that mimic the actual exam. Test at multiple levels to gauge your knowledge level, identify areas needing improvement, and identify your level of readiness for exam day. Included in the Live Online and Online Course Packages.
Learn MoreExam Details
Everything you need to know about the exam before you register and start your preparation journey.
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40
Multiple-Choice Questions
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1h 0m
Time to Complete
70%
Passing Score Required
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$90
Exam Cost
What is the Series 34 license?
The Series 34, the Retail Off-Exchange Forex Examination, is the National Futures Association (NFA) exam administered by FINRA. In most cases, individuals seeking approval as a forex firm individual must pass the Series 34 examination before engaging in off-exchange retail forex.
Definitions and Terminology
- Basic Forex Terms
- Currency pairs, base and quote currencies
- Bid/ask spread, pip, lot size
- Leverage, margin, rollover, slippage
- Order Types
- Market, limit, stop, trailing stop
- Trading Platforms
- Execution methods and order routing
Forex Market – Concepts, Theories, Economic Factors and Indicators, Participants
- Market Structure
- Decentralized nature of the forex market
- Role of liquidity providers and retail dealers
- Economic Indicators
- Interest rates, inflation, employment data, GDP
- Central bank policies and monetary tools
- Theories and Concepts
- Purchasing power parity, interest rate parity
- Balance of payments and currency valuation
- Participants
- Retail traders, institutional investors, brokers, dealers
Forex Trading Calculations
- Margin and Leverage
- Calculating required margin and margin calls
- Impact of leverage on gains and losses
- Pip Value and Position Sizing
- Determining pip value based on lot size and currency pair
- Calculating profit/loss on trades
- Currency Conversion
- Cross-rate calculations and base/quote conversions
Forex Regulatory Requirements
- NFA and CFTC Oversight
- Registration requirements for APs and firms
- Disclosure obligations and promotional material rules
- Recordkeeping and Reporting
- Trade confirmations, statements, and audit trails
- Supervision and Compliance
- Supervisory responsibilities and internal controls
- Ethics and professional conduct standards
Risks Associated with Forex Trading
- Market Risk
- Volatility and price fluctuations
- Leverage Risk
- Amplified losses due to high leverage
- Counterparty Risk
- Risk of dealer default or execution failure
- Operational Risk
- Technology failures, slippage, and order errors
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