CMT certificate proves investor's trading skills 

To obtain a CMT degree means that students have demonstrated to the financial investor community that they have mastered important knowledge of technical analysis from classical methods to emerging methods. current time.

Traders with CMT license will have the right to sign market research reports, propose transactions with investment funds or investors who want to participate, and they can also manage their own funds.

CMT degree is more than just reading the market

CMT includes more than chart reading capabilities. Candidates learn to read and fully understand point and figure charts and candlestick charts based on past, present and future price behavior. Candidates also learn the relationship between price levels and price patterns, as well as trends and their meanings, how to draw trend lines and how to determine whether a trend will continue or not. end.

Students will then improve their knowledge when trading with indicators and learn how indicators work, the calculation formulas and the meaning behind those calculations.

Not to mention that students will also grasp knowledge of advanced math or statistical probability and learn to analyze those data. At the same time, they also have to learn basic knowledge and inter-market analysis.

These examples show only a small portion of the technical skills learned from the three exams required to become a CMT, which also demonstrates that a CMT certificate holder will have to learn a lot of knowledge and analysis. market.

CMT students have to go through many rounds of exams

The tests at Level I examine the definitions and basics of trading terms, charting and trading methods. In recent CMT exams, the subject of transaction ethics has also been included in the course syllabus. The introduction of ethics has no precedent in recent times, but due to past financial scandals, the subject is starting to be taken seriously in every exam.

In particular, if a student does not pass the ethics modules in the CMT Level III exam, it means that the student will not pass the entire test. Ethics covers elements of public trust, insider information and research reports, which cover only a small fraction of the number of questions in each exam but are not taken lightly in the process. evaluation process.

The cost for the CMT at Level I exam ranges from $250-$500 including full program fees allowing a candidate to take 5 years to complete all three exams. The test consists of 120 multiple choice questions and has an allotted time of two hours for testing. Exams are held in the spring and fall at multiple locations, not only in the United States but in 300 locations, worldwide.

The CMT Level II exam is an approximately four-hour, 150-question exam that measures the application of technical, ethical, Dow theory, and market analysis.

The CMT Level III exams included a written research project to test a student's technical analysis research competence, but have been changed to serious thinking test questions. Research thinking, portfolio analysis and the ability to integrate high technical analysis skills. Students will take approximately 4 hours to complete this final and rigorous exam. Overall pass rate is around 70%. Cost about 450 dollars. The MTA will charge approximately $300 per year to maintain a candidate's degree.

CMT degree and study time

All three exams require students to study independently. The MTA recommends approximately 100 hours of study for the first exam, 140 hours for the second and 160 hours for the third; However, they will provide forums, instructors and webinar to help candidates grasp the curriculum knowledge.