Series 34

AAA

DEFINITION of 'Series 34'

An exam required for individuals seeking to engage in off-exchange forex transactions with retail customers. The Series 34 exam is part of a regulatory forex registration process for most forex managers, dealers and intermediaries. In addition to taking the Series 34 exam, applicants are also required to satisfy the Series 3 exam or Series 32 proficiency requirement in order to be granted approval as a forex professional.

INVESTOPEDIA EXPLAINS 'Series 34'

The Series 34 exam tests applicants in five major areas: forex terminology, forex concepts, forex regulations, forex trading computations and the risks of forex trading.


The Series 34 exam consists of 40 questions, all of which are either true or false, or multiple choice. To pass the exam, the applicant must get at least 28 questions correct, for a passing score of 70%.

RELATED TERMS
  1. Authorized Forex Dealer

    Any type of financial institution that has received authorization ...
  2. Series 6

    A securities license entitling the holder to register as a limited ...
  3. Series 3

    A securities license entitling the holder to sell commodities ...
  4. Series 7

    A general securities registered representative license administered ...
  5. Forex Account

    The type of account a forex trader opens with a retail forex ...
  6. Forex - FX

    The market in which currencies are traded. The forex market is ...
RELATED FAQS
  1. How do I learn technical skills for trading commodities?

    Many resources are available for those seeking to learn to trade commodities, also known as futures, directly from the major ... Read Full Answer >>
  2. What are the differences between the Series 6 exam and the Series 7 exam?

    The Financial Industry Regulatory Authority (FINRA) offers a variety of licenses that must be obtained before conducting ... Read Full Answer >>
  3. Do I have to successfully complete the Series 7 exam before I can register for the ...

    There are no prerequisites to register for the Series 63 exam. However, once you have registered for the exam, you must schedule ... Read Full Answer >>
  4. I completed the Series 6, do I have to complete the entire Series 7?

    After having written the Series 6 examination, there would be significant overlap with the Series 7 in areas such as mutual ... Read Full Answer >>
  5. I need special accommodations when taking the Series 63 exam. How are such arrangements ...

    The Series 63 exam is administered by the North American Securities Administrators Association (NASAA) to test financial ... Read Full Answer >>
  6. Do I need a class to take the Series 63 exam?

    There are no specific educational prerequisites for the Series 63 exam or the Series 7 exam candidates must pass before sitting ... Read Full Answer >>
Related Articles
  1. Professionals

    Breaking Down Financial Securities Licenses

    Find out which exam you need to begin your career as an investment professional.
  2. Professionals

    Should You Add A Securities License To Your Qualifications?

    Clients love planners who sell securities, but a securities license takes a lot of work. Learn if the stress and study are worth it.
  3. Options & Futures

    Hotshots Needed For Commodity Trading Advisor Positions

    If you can multi-task and you enjoy a good challenge, this lucrative career could be a perfect fit.
  4. Personal Finance

    6 World Class Universities In New York City

    A starter guide to six of the many world-class, respected and highly rated universities and colleges in New York City.
  5. Personal Finance

    A Guide to Financial Education for Doctors

    Doctors need to choose the educational option which best fits his or her time, schedule and learning preference. Here's a guide.
  6. Personal Finance

    Masters Degree Vs. Work Experience: Which One Is More Valuable?

    Some argue that a master's degree only worsens student's financial situations, but future earnings data shows there can be a real financial benefit.
  7. Trading Strategies

    How Useful Is the CFA For A Day Trading Career?

    We take a look at how useful the Chartered Financial Analyst certification is for those wanting to start a career in day trading.
  8. Trading Strategies

    Best Undergraduate Degrees For Day Traders

    We look at some popular undergrad majors for those wanting to begin a career in the exciting world of fast-paced trading.
  9. Credit & Loans

    What It Costs To Study Abroad In London

    Studying in London puts you right at the center of a cultural, academic and business hub. And careful budgeting will get you there. Here's how.
  10. Professionals

    Understanding Series 63

    Series 63 is a securities license that entitles the holder to sell securities in a particular state.

You May Also Like

Hot Definitions
  1. Standard Error

    The standard deviation of the sampling distribution of a statistic. Standard error is a statistical term that measures the ...
  2. Capital Stock

    The common and preferred stock a company is authorized to issue, according to their corporate charter. Capital stock represents ...
  3. Unearned Revenue

    When an individual or company receives money for a service or product that has yet to be fulfilled. Unearned revenue can ...
  4. Trailing Twelve Months - TTM

    The timeframe of the past 12 months used for reporting financial figures. A company's trailing 12 months is a representation ...
  5. Subordinated Debt

    A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known ...
  6. International Financial Reporting Standards - IFRS

    A set of international accounting standards stating how particular types of transactions and other events should be reported ...
Trading Center