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Series 3 — National Commodity Futures Exam Cram Sheet (2026)
The highest-yield points on the Series 3 — National Commodity Futuresexam, grouped by the exam's real content areas. Print it, review the ones you keep missing, then drill them with free practice questions.
120questions
150 mintime limit
70% each partto pass
5content areas
Futures Fundamentals
30% of the exam- What a Futures Contract Standardizes
- Margin and Marking to Market
- Leverage, Notional Value, and Profit or Loss
- Order Types and Account Basics
Hedging, Basis, and Spreads
18% of the exam- Short Hedges and Long Hedges
- Basis
- Spreads
Options on Futures
15% of the exam- Calls and Puts
- Premium, Intrinsic Value, and Time Value
- Risk and Reward Profiles
Fundamental and Technical Analysis
8% of the exam- Fundamental Analysis
- Technical Analysis
Regulations (CEA, CFTC, NFA, AML)
29% of the exam- The CEA and the CFTC
- The NFA and Registration Categories
- Position Limits and Required Disclosures
- Customer Funds and Anti-Money-Laundering
Now prove you know them
Reading the outline is not the same as recalling it under exam pressure. Drill 22+ free Series 3 — National Commodity Futures practice questions to find your weak areas, then sit a full timed mock — no signup, no paywall.
Study aid, not a substitute for the official material — always confirm the current rule with FINRA — Series 3 exam. Last verified: August 2026.