Chartered Market technician is an designation marks for technical analyst worldwide. CMT demonstrate mastery of a core body of knowledge for technical analysis, portfolio management & risk management.Our market philosophy is grounded in behavioral economics and extends beyond classical pattern recognition techniques to include quantitative approaches to market research and rules based trading system design and testing.
Chartered Market Technician is cover three level to be cleared then after you earn designation of CMT.
Level I – Focusing on the basic knowledge of the terminology and analytical tools used in technical analysis.
Level II – Measuring the candidate’s competency in the application of concepts, theory, and techniques covered by the required readings.
Level III – Tests the candidate’s ability to integrate his or her understanding of the concepts identified in Level I with the practical application learned in Level
Chartered Market Technician got mastery in the field of technical analysis , managing investment risk & portfolio management . CMT holders work on developing trading systems & play the gap of intrinsic price & market price of the particular asset class.
To enroll in the CMT program, you must first join the CMT Association as an affiliate member and then enroll in the CMT Program. Once that is complete, you can pay for your exam through My MTA and schedule with Prometric testing Centre.
The CMT Exams are given twice a year, in April and October.
Chartered Market Technician Jobs are available with various designation like Investment Analyst, Portfolio Manager, Trading Strategiest with Companies Related to Investment , Research & Stock Broking.
We have only 1,387 CMT® Charterholders Worldwide
Level I – 2 hours
Level II – 4 hours
Level III – 4 hours
Level I – 132 multiple choice questions (Only 120 are counted, 12 are for piloting new questions)
Level II – 170 multiple choice questions (Only 150 are counted, 20 are for piloting new questions)
Level III – Essay questions totaling 240 points. Candidates should use the point allocation of each question as guidance for time management.
Level I – primarily definition & recognition – This exam measures basic, entry-level competence and understanding of technical analysis. The Level I candidate needs to have a working knowledge of the basic tools of a technical analyst.
Level II – primarily application & analysis – This exam requires the candidate to demonstrate a greater depth of analysis and use of technical tools. The Level II candidate is expected to demonstrate proficiency in applying more advanced analytical techniques and technical analysis theory.
Level III – primarily integration & synthesis – This exam tests the candidate on the development of logical and consistent research opinions, portfolio strategies and trading decisions based on a wide range of charts and technical data. The Level III candidate is asked to analyze case studies, make recommendations and justify those recommendations based on the data provided. All candidates must pass the ethics portion of this exam.
The CMT Board of Governors recommends the following minimum study hours for each Level of the CMT exam. These estimates are based on a college education and a background working in the financial markets:
CMT Exam Level I : 100 to 150 hours
CMT Exam Level II : 150 to 300 hours
CMT Exam Level III : 150 to 300 hours
Recommended study time differs from person to person based on experience with the subject, time working in the field, and prior knowledge of technical analysis. However, these are rigorous exams testing a broad body of knowledge. All candidates, regardless of work experience, must allocate appropriate time to prepare the material.
CMT Program Fee comprises of :
CMT Program Fees : $250 (One Time)
Annual Membership Fees :$325
Curriculum Cost :$225 for Each Level
Level I Exam Cost :$250
Level II Exam Cost :$450
Level III Exam Cost :$450
FINRA has amended FINRA Rule 1050 to provide an exemption from the analysis portion of the Research Analyst Qualification Examination (Series 86) for more details visit https://cmtassociation.org/cmt/series-86-exemption/
Main Knowledge of Domain:
Quantitative Research & Trading
Applied Behavioral Finance
Now a days, Chartered Financial Analyst board also control CMT designation. CFA is a program is based on fianncial asset valuation & portfolio management on the basis of Fundamental analysis & investment valuation whereas CMT designation solely used portfolio managemnt technique based on quatitative methods like technical analysis.
Chartered Market technician is a designation control or maintained by Master of technician association governed by Chartered Financial Analyst Board USA whereas CFTe designation s managed by International Federation of Technical Analyst .
Generally CMT program uses the percentile basis for determining passing rate . If candidate score average 70-75% then great chances to clear exams.
CMT Require no minimum qualification or eligibility requirements to take the CMT exams but we do recommend that candidates have a university degree and experience working in the financial markets using technical analysis.