Before investing in an incident light meter I think you should use the tools digital photography avails us of. Let the camera do the metering and use your LCD and histogram to evaluate each picture you take. In the tricky-light situations there is no better tool than the LCD. It doesnt lie. Add to that, bracket your exposure where you think you might need to. Also you can click on the 5x and 10x magnifier when looking at the LCD. This will also verify focus.
The most that is going to happen between the various metering modes is a simple ev adjustment. In other words, either the aperture or shutter speed will change. Nothing else will. Armed with this knowledge now take a picture of the exact same scene in each of the metering modes and then view the aperture and shutter speed of each.
In tricky/difficult lighting do this: pick out a spot in your picture and spot-meter it and lock the exposure value then take the picture. Similiar to focus and recompose when dealing with difficult focus situations.
The above suggestions regarding using the camera LCD assumes you have a high enough resolution LCD such as a 50D or 7D....
Also, you say you are in a class. They might require that you learn and use a incident light meter. They did so in my classes. They also made us put hoods over our heads. (4x5 view camera)
Bill
I've had my 7D for 2 months, and am a novice photographer enrolled in the NYIP professional photography class.
Which metering mode should I use in which circumstances?
Do I need to buy a hand held meter? If so, what are the favorite recommendations?
Does anyone use the grey card for exposure settings with the 7D?
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img7d