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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
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  • 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
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  • Short Hedges and Long Hedges
  • Basis
  • Spreads

Options on Futures

15% of the exam
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  • Calls and Puts
  • Premium, Intrinsic Value, and Time Value
  • Risk and Reward Profiles

Fundamental and Technical Analysis

8% of the exam
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  • Fundamental Analysis
  • Technical Analysis

Regulations (CEA, CFTC, NFA, AML)

29% of the exam
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  • 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.

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