CMT Program Overview
The Chartered Market Technician® (CMT) Program was created in 1985 and is administered by the CMT Association. Since inception, the CMT Program curriculum has been regularly updated to reflect the very latest and most effective technical analysis methodologies. The certification process requires candidates to demonstrate proficiency in a broad range of technical analysis techniques.
The CMT Program consists of three levels: Level I and Level II are entirely multiple-choice exams while Level III is essay format.
According to the CMT Association, the objectives of the program are threefold:
- To help candidates master a professional body of knowledge and develop analytical skills
- To promote and encourage the highest standards of education within the industry
- To bestow the professional designation of Chartered Market Technician (CMT) on those members who complete the Program and agree to abide by the CMT Code of Ethics
CMT Exam Structure & Weighting
Here’s a general breakdown of the focus for each part of the CMT Exam:
- Level I focuses on a basic knowledge of the terminology and analytical tools used in technical analysis.
- Level II measures competency in the application of concepts, theory, and techniques covered by the required readings.
- Level III tests the ability to integrate the concepts identified in Level I with the practical application covered in Level II.
Here’s a the weighting for each topic or concept for each level of the CMT Exam:
| Level I | Level II | Level III | |
| Markets | 21% | 16% | |
| Chart Development & Analysis | 47% | 36% | |
| Technical Investment Strategies | 18% | 13% | |
| System Testing | 5% | 10% | |
| Statistical Analysis | 6% | 7% | |
| Risk Management | 15% | 21% | |
| Asset Relationships | 18% | ||
| Portfolio Management | 18% | ||
| Classical Methods | 21% | ||
| Behaviorial Finance | 10% | ||
| Volatility Analysis | 7% | ||
| Ethics & Standards of Practice | 3% | 3% | 5% |
Source: CMT Association Website
Program Requirements & Fees
You must be an affiliate member of the CMT Association before you can enroll in the program and register for the exam.
CMT Fixed Fees
Annual Membership $325
CMT Program Enrollment* $250
Exam Registration Fees
| Level I | Level II | Level III | |
| Standard | $375 | $575 | $575 |
| Late Registration | $575 | $875 | $875 |
Curriculum Fees
Level I $225+
Level II $225+
Level III $225+
Total CMT Program Cost**
$2,350 – $2,800
*Program enrollment fee is a one-time fee that allows you to sit for the CMT Exams
**Not including exam failure and retake
