What Is a Chartered Market Technician?

A chartered market technician (CMT®) is a professional technical analyst who holds the CMT designation awarded by th𒈔e CMT Association. The CMT represents the highest level of training withinౠ the discipline and is the preeminent designation for technical analysis practitioners worldwide.

The CMT Association (formerly th☂e Market Technicians Association) is a global credentialing body with nearly 50 years of service to the financial industry.

Understanding the CMT

澳洲幸运5官方开奖结果体彩网:Technical analysis and its tools can help analysts, traders, and investors to, as the CMT Association states, "successfully navigate the gap between 澳洲幸运5官方开奖结果体彩网:intrinsic value and market price across all asset classes."

Its practitioners attempt to understand and benefit from market behavior through a disciplined study of price and volume movements and the 澳洲幸运5官方开奖结果体彩网:law of supply and demand.

Those awarded the CMT designation are recognized as possessing broad and deep knowledge of the markets, technical analysis theory and practice, investment risk in portfolio management, as well as of 澳洲幸运5官方开奖结果体彩网:quantita♚tive approaches to market research and rules☂-based trading system d🍒esign and testing.

Among industry practitioners and financial institutions worldwide, the 澳洲幸运5官方开奖结果体彩网:CMT designation is considered the global gold standaౠrd in technical analysis expertise and proficiency.

How To Earn CMT Credentials

To be granted a CMT designation, a candidate must pass three levels of examinations, complete the membership application process, and agree to the CMT Association’s code of ethics.

To enroll in the CMT program and take the exams, individuals must pay registration fees associated with the exam cycle. CMT discontinued the membership requirement/fee for CMT test candidates. All three levels of the CMT program exams are given on a computer at testing facilities or proctored remotely.

The CMT Exams

The purpose of the CMT Program is to promote the development of a candidate's professional knowledge with respect to the study and application of technical analysis. The CMT Program is self-study. The curriculum is available through UWorld.

CMT Level I

The CMT website states that the Level I exam measures basic, entry-level competence and understanding of technical analysis. The Level I test candidate needs to have a working knowledge of the essential tools of a technical analyst.

Once a candida🐟🌃te successfully completes the first level, there is no time limit imposed to pass the subsequent levels.

CMT Level II

The CMT Level II exam requires the candidate to demonstrate a greater depth of analysis and use of technical tools. They must be proficient in more advanced technical analysis techniques and theory.

CMT Level III

The CMT Level III exam tests the candidate on logical and consistent research opinions, portfolio strategies, and trading decisions based on a wide range of charts and technical data.

Test candidates are asked to analyze case studies, make recommendations, and justify those recommendations based on the data provided. They must support their analyses.

The primary focus of the exam is the practical and ethical application and integra🔯tion of technical analysis.

All candidates must pass the ethics portion of this exam. Upon successfully completing Level III, candidates can start the membership process to obtain the CMT designation.

Additional CMT Association Membership Require♕ments

In addition to the above-listed requirements (passing three examination levels, completing the membership application process, and agreeing to the CMT Association’s code of ethics), candidates must secure at least three CMT sponsors. These sponsors must speak to the candidate's knowledge, skill, and ability in the field of technical analysis.

In addition, CMT candidates must complete at least three years of professional work experience practicing technical analysis in their position.

Should you desire, you may become an affiliate member before enrolling in the CMT Program. However, it isn't required.

The Bottom Line

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 credential also indicates that its holder is committed to upholding the profession's code of ethics and professional standards.