Common questions about the NFA Series 34 Retail Off-Exchange Forex Examination, including route fit, format, and study priorities.
Series 34 is the NFA Retail Off-Exchange Forex Examination. It focuses on forex terminology, trading calculations, forex risk, market concepts, participants, and regulatory requirements.
Series 3 is the broad futures and options-on-futures route. Series 34 is the retail off-exchange forex route and should be studied with forex-specific rules and risk in view.
The current practice configuration uses 40 scored questions and 60 minutes. Candidates should confirm current FINRA/NFA wording before booking.
Forex regulatory requirements, forex market concepts, and definitions/terminology are the largest blocks. Calculation practice should begin early even though the calculation block is smaller.
Treating it like generic FX knowledge. The exam is about retail off-exchange forex proficiency, including client risk and regulatory requirements.