The Chartered Market Technician® (CMT) Program was created in 1985 and is administered by the CMT Association. Since its 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:
Here’s a general breakdown of the focus for each part of the CMT® exam:
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% |