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)

*Program enrollment fee is a one-time fee that allows you to sit for the CMT Exams
**Not including exam failure

Additional Information Resources