Browse NFA Futures and Forex Exam Guides: Series 3, 30, 31, 32 & 34

Series 3 Market Analysis and Price Drivers Guide

Study the analytical inputs Series 3 expects: fundamental, technical, and sentiment analysis, plus rate and currency influences on financial futures.

Series 3 does not stop at contract mechanics. The candidate must also understand why futures prices move. That includes fundamental supply-and-demand analysis, technical patterns, market sentiment, seasonal or policy influences, and the special drivers that affect financial futures such as interest-rate products, currencies, and stock indexes.

Read this chapter as the market-interpretation layer of the exam. The first lesson covers general analytical tools. The second covers the special context of interest-rate and other financial futures.

What this chapter should help you do

Exam skillWhat to practice
fundamental analysisconnect supply, demand, inventories, weather, policy, and seasonal factors to price direction
technical analysisrecognize chart, trend, volume, and sentiment signals without overreading them
financial futuresunderstand how rates, currencies, indexes, and policy expectations affect contract prices
exam interpretationdecide whether the question is asking about market direction, hedge purpose, or trading risk

The strongest Series 3 answers use analysis to support a futures decision, not as stand-alone market commentary.

In this section

Revised on Friday, May 29, 2026