The CMT Level I exam tests introductory concepts and terminology in technical analysis. The exam has 132 multiple-choice questions, of which 120 are scored and the remaining 12 are under trial for use in future exams. The first exam focuses on basic terminology and the analytical tools and concepts used in technical analysis, explains the CMT Association.
The CFTe II is a paper and pencil exam that is offered in English, French, Italian, German, Spanish, Arabic, and Chinese, bi-annually, typically in April and October. Additional fees may apply to candidates requesting the exam in a non-English language. In preparation for the exam, candidates should use this Syllabus and Study Guide. The CFTe I exams are currently offered in English, German, Spanish, Arabic, French and Chinese.
Membership is renewed on an annual basis, including the submission of membership dues. The CMT Association (formerly the Market Technicians Association) is a global credentialing body with nearly 50 years of service to the financial industry.
If you are a current CFA charterholder in good standing, you qualify to skip the Level I CMT exam. Visit the CMT Association website for more information on the Stackable Credential program. You may also choose to print your exam registration from the CMT Association website as well as a sweater, any prescription medications, and snacks or beverages for any breaks. Please note that all of these items are subject to inspection, and you may be directed to place them in a locker outside of the testing room for security purposes.
CMT Exam Fees
The Level I test candidate needs to have a working knowledge of the essential tools of a technical analyst. The CMT Level III exam tests the candidate’s ability to integrate concepts and tools into the application of technical analysis. The exam is organized into groups that require candidates to combine two or more areas of knowledge. The Level III exam is graded by a group of CMT charterholders and subject matter experts. Each exam is graded by at least two charterholders independently to ensure objectivity. The Association does not release numerical scores for any level of the CMT exam, as a passing score one year may not be a passing score the next.
- The CMT website states that the Level I exam measures basic, entry-level competence and understanding of technical analysis.
- This step activates your membership before completing your official Professional Membership application and gives you access to the Association’s directory of participating sponsors.
- The CFTe II exam is offered in English, German, Italian, French, Arabic, Spanish, and Chinese.
- Find support from our professionals and superiors in your career development and discover career opportunities in all industries, and the most recent corporate trends & happenings.
- Before you get started, make sure you’re familiar with the eligibility requirements listed below.
Becoming chartered – a certified market technician – helps prove you can deliver to investment managers seeking advice. As mentioned above, after you register for the exam and receive confirmation of your registration, you can then schedule your exam appointment(s) with Prometric, the CMT Association’s global testing partner. We recommend registering during the Early Registration period with the CMT Association and then scheduling your exam with Prometric shortly after for lower fees and best testing center availability. To sit for the Level I CMT exam, a university degree is recommended but not required.
- The exam provides a number of current charts covering one specific market (often an equity) to be analyzed, as though for a Fund Manager.
- They have experience, greater training and the certification to prove it.
- The primary focus of the exam is the practical and ethical application and integration of technical analysis.
- Raise your career to new heights and discover the potential future.
- In addition, all three levels of the CMT exam cover the CFA Institute’s Code of Ethics and Standards of Professional Conduct.
The CMT charter is a globally recognized designation for finance professionals focused on investment management, portfolio management, and risk management. Achieving the CMT designation is a significant and fulfilling accomplishment. The expertise acquired through the CMT program positions charterholders as highly valuable professionals, capable of enhancing market analysis, investment strategies, and risk management within any organization.
Examinations & Preparation Guidelines
While not all of the material in the readings is covered in the exams, all questions are drawn from the curriculum. Candidates are not required to memorize all the formulas for the technical analysis indicators. These roles require varying levels of experience, making the CMT credential a great option for professionals of any level. Many CMTs work for investment banks, brokerage firms, hedge funds, and pension fund management organizations.
CMT Level II Topics and Weightage
Having a clear understanding of the exam timing for each level allows you to pace yourself appropriately and avoid running out of time on the CMT exam. Many people attempt to condense their studying into much tighter timelines, which can sometimes lead to stress and last-minute cramming. So it’s best to find CMT prep materials that can help with study scheduling, exam-level practice, and engaging lessons, like UWorld CMT Exam Review. Rescheduling outside of the prescribed registration period or changing your Prometric Testing Center location incurs a $25 fee. Rescheduling your exam within the active registration period may be done at no cost. Each exam window typically lasts for 15 days per Levels I and II, and a single day per Level III.
This means candidates may sit for Level I while completing their bachelor’s degree(s). Among industry practitioners and financial institutions worldwide, the CMT designation is considered the global gold standard in technical analysis expertise and proficiency. Some became independent traders, while many work for stock exchanges, hedge funds, firms, and brokerages that cover many different markets.
CMT Exam Dates & Registration
Unlike other exam governing bodies, the CMT Association does not publish quarterly or cmt salary in india annual pass rates. In the past, the Level I and II exams had a minimum passing score of 70%. The Chartered Market Technician designation is awarded by the CMT Association to candidates who can demonstrate expertise and proficiency in technical analysis. It’s highly respected by financial professionals, especially those in the trading and investment communities. The CMT website states that the Level I exam measures basic, entry-level competence and understanding of technical analysis.
Chartered Market Technician (CMT): Definition and About the Exams
A certified market technician’s job is to analyze investments and make predictions about future performance, according to the SmartAsset website. A chartered market technician (CMT) studies the intrinsic value of different investments, looks for patterns in price movements and identifies the effect on market psychology. CMTs also understand risk management and how the data they’ve gathered affects risk.