How to PASS NISM Series-8 Equity Derivatives Exam in first attempt🚀 | How to study for NISM Exam

Summary

The video script is a motivational guide for aspiring equity derivatives analysts. It narrates the journey of Mohit Lumba, who recently became a certified analyst at the age of 20, after scoring 70 marks in his first attempt in the NSE's Equity Derivatives exam. The speaker shares the process of registering for the exam, the importance of understanding basic concepts, and the strategy to prepare effectively. The script emphasizes the necessity of the NSE certification for anyone in the finance field, offering insights into futures and options, and the overall market. It also suggests using virtual trading platforms to gain practical experience. The speaker promises to cover the entire syllabus in a series of videos, aiming to educate and motivate viewers to become financially literate.

Takeaways

• 😀 The video is aimed at individuals interested in becoming a certified equity derivatives analyst through the NSE (National Stock Exchange of India) certification.
• 🎓 The speaker, Mohit, shares his personal experience of becoming a certified equity derivatives analyst at the age of 20, after passing the exam with a score of 70 marks.
• 📝 The process to become certified involves registering on the NSE official website, creating an account, and waiting for approval which usually takes 2-3 days.
• 📚 After registration, candidates are eligible to give any exam conducted by NSE, and there are 29-30 different certifications available, with the suggestion to start with the basic equity derivatives certification.
• 📈 The NSE certification exam provides basic and total knowledge about futures and options, market indexes, and is essential for anyone in the finance field.
• 📝 Mohit emphasizes the importance of understanding the basics like call and put options, and how market indexes function for those already in finance or aspiring to be.
• 📅 The speaker suggests a preparation strategy of 15-20 days for learning the basics and then enrolling for the exam, to avoid the risk of failing and having to pay the fee again.
• 📅 The NSE exam can be taken on any day of the year, and candidates can book their preferred date after enrolling.
• 📝 For those without trading capital or who are risk-averse, the speaker recommends virtual or paper trading to understand how trading strategies work in practice.
• 📝 Mohit shares his personal strategy of not reading the entire 206-page book but relying on his existing knowledge and short notes to pass the exam.
• 📝 The speaker plans to cover the entire syllabus of the NSE equity derivatives exam in a series of 10 videos, one chapter at a time, to educate and help others prepare for the certification.

Q & A

What is the purpose of the video script?

The purpose of the video script is to guide individuals on how to become a certified equity derivatives analyst by passing the NSE (National Stock Exchange) certification exam.

Who is the speaker in the video script?

The speaker is Mohit Lumba, who has recently become a certified equity derivatives analyst at the age of 20, after passing the NSE certification exam.

What is the significance of the NSE certification exam for equity derivatives?

The NSE certification exam for equity derivatives provides individuals with in-depth knowledge about futures and options, which is essential for anyone looking to work in the finance field or manage their personal finances efficiently.

What is the first step to register for the NSE certification exam according to the script?

The first step is to visit the official website of NSE, create a login and password, and fill in the required details. Approval may take 2 to 3 days if everything is correct.

How many certification courses does NSE offer as mentioned in the script?

NSE offers 29 to 30 different certification courses.

What is the speaker's recommendation for beginners who want to start with the certification?

The speaker recommends starting with the basic equity derivatives course, as it provides a good foundation and covers topics like option trading and futures.

What does the speaker suggest to do before enrolling for the exam?

The speaker suggests reading the 206-page PDF book provided after enrollment, practicing with virtual trades, and applying basic knowledge of options and futures trading.

How did the speaker prepare for the exam and what was his result?

The speaker, having prior knowledge of futures and options, did not read the entire book but relied on his existing knowledge and short notes he had prepared. He passed the exam on his first attempt with a score of approximately 69%.

What is the speaker's advice on when to enroll for the exam?

The speaker advises spending 15 to 20 days to learn the basics, apply strategies, and practice paper trading before enrolling for the exam. He also emphasizes the importance of choosing the right date for the exam, as it can be taken on any day of the year.

What is the speaker's intention behind creating this video?

The speaker's intention is to educate and help as many people as possible to become financially literate, particularly within India, by sharing his experience and knowledge about the NSE certification exam.

How can viewers stay updated with the speaker's future content?

Viewers are encouraged to subscribe to the speaker's channel, hit the bell icon to receive notifications for the latest updates, and engage by liking and sharing the content.