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 short answer and multiple choice question 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 earn Chartered Market Technician (CMT) designation you must successfully complete the CMT Program, have the Member Status, 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 the weighting for each topic or concept for each level of the CMT Exam:

	Level I	Level II	Level III
Chart & Pattern Analysis	23%	15%
Confirmation	3%	6%
Cycles	5%	3%
Selection & Decision Making	13%	10%
System Testing	5%	10%
Statistical Analysis	6%	7%
Ethics	3%	3%	5%
Theory & History	9%	5%
Markets	5%
Market Indicators	7%	8%
Chart Construction	5%	3%
Trend Analysis	16%	15%
Risk Management		15%	21%
Portfolio Management			18%
Behavioral Finance			10%
Volatility Analysis			7%
Classic Methods			21%
Asset Relationships			18%

Source: CMT Association Website

Program Requirements & Fees

Candidates for the CMT Exams can register as a member or nonmember.

CMT Fixed Fees

CMT Program Enrollment* $250

Exam Registration Fees

Member Pricing	Level I	Level II	Level III
Early Registration	$275	$475	$475
Standard Registration	$375	$575	$575
Late Registration	$575	$875	$875

Nonmember Pricing	Level I	Level II	Level III
Early Registration	$450	$650	$650
Standard Registration	$550	$750	$750
Late Registration	$750	$1,050	$1,050

Curriculum Fees

Level I $225+
Level II $225+
Level III $225+

Total CMT Program Cost** – Based on Early Registration

$2,025 (Member) – 2, 250 (Nonmember)