DFC improves fastest when you practice small sets (one topic at a time) and keep a miss log for:
- the concept being tested
- the definition/formula you needed
- the sign/quote/moneyness error you made (if any)
High-yield practice categories (from the official blueprint):
- futures mechanics, exchanges/clearing, margin and marking-to-market
- futures pricing intuition: carry, basis, convergence, arbitrage language (concept)
- hedging vs speculation and application questions (rates/equity/FX futures)
- options moneyness, intrinsic/time value, payoffs, and strategy selection
- swaps structure and credit risk language (concept)
- funds/structured product uses of derivatives (concept)
- operational considerations: risk, monitoring, reporting, accounting/tax (concept)
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