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I passed FRM part 1 too.....phew it was tough :)

I passed the FRM part 1 exam. Phew.....it was tough :)

Hi David and Nicole, I would request BT to take this feedback and try to prepare 3-4 full length (100 questions) practice test close to real exam. We just have 4 practice test with 25 questions each. Thanks, Sachin

Does anyone remember the Delta and gamma question? I never saw this kinda question in either BT or Schweser. I think there were questions on FX Options which is even more difficult. I would request BT to take this feedback and try to prepare 3-4 full length practice test close to real exam. We...

I failed in May exam and not sure if I would pass now. The pattern of exam was very different this time vs in May. Multiple concepts were clubbed together this time. I felt the questions in May exam were simpler (I wasn't prepared for May exam). Didn't subscribe to BT or Schweser in May. I...

The simplest formula to find the FORWARD rate is (R2T2 - R1T1) / T2 - T1. But the calculation is more accurate using say (1+x)^3 / (1+y)^2 - 1.

Thanks Shakti.

Thanks Rajiv. Here is what I understand of Direct and Indirect quotes. A direct quote is a foreign exchange rate quoted as the domestic currency per unit of the foreign currency. It involves a quote in fixed units of foreign currency against variable amounts of the domestic currency. A direct...

Hi David, Can you please explain this part in detail? Prob(mean - 2*σ < X < mean + 1.5*σ) = (0.5 - 0.0228) + (0.5 - 0.0668) = 0.9104 I know 80 - 32 = 48 means 2 STD DEV from the mean as the STD DEV is 24. 32 is 2 STD DEV from the mean of 80. Thanks, Sachin

If the quote is given as USD/EUR, then the US Interest rate should be numerator.

What is the difference between F-test and CHI square test? They look similar. Also how do we decide when to use a 1 or 2 tail values in tables?

How do we interpret USD/EUR = 1.25? Is it $1 = EUR 1.25 or EUR 1 = $ 1.25? General market convention is like USD/INR = 65 means $1 = INR 65. Lot of FX questions are expected on Part 1 exam.

Hi All, Can you please add me to FRM Part 1 Nov 2016 group? My phone # is 001-704-458-8705. Thanks, Sachin