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Frequently Asked Questions About the CMT Program

 Preparation and Training

  1. What is the recommended order for reading the assigned books?
  2. Does the MTA offer preparation courses for the CMT Exams?
  3. What is the CMT Newsletter?  How can I sign up for it?
  4. Using resources offered by the MTA, what is the best way to establish study groups for CMT preparation?

 


 Preparation and Training

Q. What is the recommended order for reading the assigned books?

Please find below a list of the recommended readings and the order in which we recommend you read the books.  It should be understood that much of this order of reading will be determined by your comfort in the topic and your experience in the field.  This is not mandatory but rather a suggested order.  We encourage you to take notes on the chapters read so that you will have review notes for your current exam and future exams. 

CMT LEVEL I
Kirkpatrick/Dahlquist, Technical Analysis
du Plessis, The Definitive Guide to Point and Figure
Pring, Technical Analysis Explained, 4th Edition
Edwards and Magee, Technical Analysis of Stock Trends, 9th Edition

CMT LEVEL II
Kirkpatrick/Dahlquist, Technical Analysis
du Plessis, The Definitive Guide to Point and Figure
Kaufman, New Trading Systems and Methods, 4th Edition
Pring,  Investment Psychology Explained
Nison, Japanese Candlestick Charting Techniques, 2nd Edition
Precthter, Elliott Wave Principle, Tenth Edition
Pring, Technical Analysis Explained, 4th Edition
Wilkinson, Technically Speaking
Aronson, Evidence-Based Technical Analysis
Edwards and Magee, Technical Analysis of Stock Trends, 9th Edition

CMT LEVEL III
Murphy,  Trading with Intermarket Analysis:  A Visual Approach to Beating the Financial Markets Using Exchange-Traded Funds
du Plessis, The Definitive Guide to Point and Figure
Prechter, Elliott Wave Principle, Tenth Edition
Nison, Japanese Candlestick Charting Techniques, 2nd Edition
Brown, Technical Analysis for the Trading Professional
Montier, Behavioral Investing: A Practitioners Guide to Applying Behavioral Finance

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Q. Does the MTA offer preparation courses for the CMT Exams?

The MTA has discontinued the CMT Institute (CMTi) to focus the organization’s efforts on the continued improvement of the CMT designation, preparation materials (sample questions, CMT Newsletter, etc.), and the overall examination process.

The CMT Institute will be discontinued effective immediately. As a result of this decision, the CMTi educational materials (recordings of the classes) have been added to the MTA Knowledge Base for the use of CMT candidates and MTA members. Please note that these recordings were made prior to 2012. As the exam continues to develop and change, so does the material that is tested. Do not solely rely on these recordings for your preparation.

The archives of the former CMT Institute Preparation Courses that were previously offered by MTA are available here: Level ILevel IILevel III

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Q. What is the CMT Newsletter?  How can I sign up for it?

The CMT Newsletter provides the candidate with important information regarding the required readings, administrative updates and overall exam logistics. It is also a place to share best practices, additional materials/websites, and helpful hints that past candidates have found beneficial in studying for the exam. The newsletter is part of the support and targeted communication provided to CMT candidates in order to answer questions and guide the overall plan of study. All individuals that are active in the CMT Program are automatically signed up to receive the CMT Newsletter.

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Q. Using resources offered by the MTA, what is the best way to establish study groups for CMT preparation?

The easiest way to network with other candidates in the CMT program is to attend local chapter meetings.  Another easy way to form a group is to use the MyMTA professional network. Candidates can indicate in the CMT discussion forum that they would like to either form or join a study group for a particular exam level.

Additional Information

The CMT Exam Program is designed to be self-study. The CMT Board of Governors recommends the following minimum study hours for each Level of the CMT exam. These estimates are based on a college education and a background working in the financial markets: • CMT Exam Level I -100 hours • CMT Exam Level II - 140 hours • CMT Exam Level III - 160 hours Recommended study time differs from person to person based on experience with the subject, time working in the field, and prior knowledge of technical analysis. However, these are rigorous exams testing a broad body of knowledge. All candidates, regardless of work experience, must allocate appropriate time to prepare the material. Required readings are not sold directly by the MTA. A limited number of copies are available to members and affiliates for short-term loan through the MTA Library. Failure to return loaned books will incur a substantial fine.

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Registration is Open!

CMT FAQs - Table of Contents

Registration & Fees
Body of Knowledge
Format of the Exam
Preparation and Training
Day of the Exam
Grading
General

If you have additional questions about the CMT Program and cannot find your answer in these FAQs, please contact the MTA staff for assistance.


 

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