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Continuing Education Program

In January 2011, the MTA launched a voluntary Continuing Education (CE) Program. The purpose of this program is to encourage professionals to expand their knowledge and stay up-to-date on new developments in the field of Technical Analysis. Since its inauguration, the CE Program has been a great success, with over 60% of the active membership participating in some capacity.

Members and affiliates who participate in the voluntary CE Program are asked to satisfy a 15 credit level before the end of the calendar year. Those who accomplish this achievement receive a Certificate of Completion at the end of the year to display in their home or office.

MTA CE credits can be acquired through all of the MTA's existing member services (chapter meetings, regional seminars, webcasts, podcasts, etc.) and through approved non-MTA events.

MTA Continuing Education Sponsors - Technical Analysis Events
MTA Continuing Education Sponsors - Technical Analysis Events

 

 

Frequently Asked Questions

Q: Why create a voluntary CE Program?

Engaging in lifelong learning demonstrates a commitment to professional excellence and dedication to serving both clients and employers. The CE Program was designed to provide a formal and credible means of recognizing our members' commitment to always be familiar with new developments in today's fast paced, changing market. The program is voluntary and open to all MTA members who are in good standing.

To succeed in a highly competitive and ever-changing investment industry, investment professionals must be committed to furthering their knowledge, skills, and abilities. Recognizing this need for a lifelong commitment to learning, the MTA created the voluntary CE Program as a tracking framework for our members.

A top priority of the CE Program is to demonstrate our trust in our members' inherent ability to engage in educational activities that are individually appropriate, relevant, and valuable. This focus reflects our faith in a membership whose active engagement in continuing education activities far exceeds the requirements typical for most mandatory programs and speaks to the overall integrity of the CMT as the "gold standard" in technical analysis.

Q: What is the incentive for members to participate in the CE Program?

Participation in a voluntary continuing education program shows your employer that you are committed to staying at the leading edge of a rapidly changing industry serving both clients, colleagues and the larger institution. The pursuit of continuing education is a powerful tool for individual professional development and career advancement.

You can easily add to your resume: "Satisfied the MTA Continuing Education Level for 2011, 2012, etc." Finally, you dictate the time place of your involvement, giving you the ability to engage in educational activities that are individually appropriate, relevant, and valuable.

Q: What is the process to approve other activities for CE credits not currently recognized?

The MTA will consider other technical analysis events/materials for CE credit that aspire to meet our high standards in providing relevant educational products for our broad membership. Please write to the MTA describing the nature of the event/materials and the approximate time commitment of the activity. Within 72 hours the MTA staff will respond to the request. Approved events/materials will be added to central listing of CE credits.

Q: My membership renewal is aligned to the anniversary of my join date not on a calendar basis. How will credits be reported?

CE credits are tracked during the calendar year and will be reported on a 12 month basis ending in December. If you join the MTA in the middle of the year, we ask that you do your best to reach the voluntary 15 CE credit level for that calendar year. Each subsequent year your CE credit level will reflect a full calendar year.

Q: Will I incur additional costs to participate in the CE Program?

CE credits have been carefully assigned so that members can easily complete the voluntary 15 CE credit level without the expenditure of any additional funds. In fact, the vast majority of our available CE credits are appointed for participation in our member services, which are free to all members.

Q: Has the MTA approached regulatory bodies about the new CE Program?

The MTA actively pursues advocacy initiatives on behalf of our members. If you are aware of an opportunity to increase the recognition or value of the CMT charter, please contact us so that we can take appropriate action.

The CE Program benefits MTA members as a tracking framework for their continued professional development. From an external perspective, we believe the CE program provides further evidence of our members' commitment to lifelong learning and an ever-expanding body of knowledge.

Q: Will the MTA allow other associations to register their events so that they will qualify as MTA CE credits as well? Will the MTA apply to have their events count towards CE credits at other associations?

The MTA encourages other associations to apply to have their events count for MTA CE credits. We have a succinct application process on our website for aspiring associations to apply for inclusion in the CE Program.

The MTA will continue to register our events with other associations for their CE credits. This activity is ongoing. MTA regional seminars were recently approved for CFP Continuing Education credits. The decision to approve MTA events, of course, lies with the other association.

Q: Why is the continuing education component being added now? What is the rational that prompted this action?

The Board has been reviewing the CMT with the continued view to expand its overall credibility and acceptance in the financial markets. After discussion with several companies and regulatory organizations the general feeling is that all designations of worth need to have an ongoing education component least the designation holder become unfamiliar with new trends, utility in today's fast paced, changing market. The Board agrees with this interpretation and is most anxious to continue the overall visibility of the CMT as the "gold standard" in TA designations.

Q: I see the list of approved continuing education credits. There are, however, several additions that I believe should qualify. What would be the process to get these approved?

We are certainly open to the consideration of other technical analysis events/materials that would qualify for CE Credit. Please write to Tim Licitra describing the nature of the event/materials, the approximate time commitment and within 72 hours, the MTA staff will respond to the request. If granted, this event/material will be added to our overall listing of approved CE Credits.

Q: My membership renewal is not on a calendar basis, but rather anniversary date of joining. How would compliance work?

The CE credit is based on the calendar year and will be calculated and recorded accordingly. If you join the MTA for the first time, in the middle of the year, we would ask that you do your best to reach the voluntary 15 CE credit level for that calendar year. Each year moving forward the CE credit level will be recorded vs. goal according to calendar year.

Q: It seems like this is just another way for the MTA to make money. What if I don't want to pay anymore?

The Continuing Education credits have been carefully defined so you can easily complete the voluntary CE credit level without the expenditure of any additional funds. In fact, the vast majority of our available CE credits are part of our member services, which are free to all members.

Q: I believe the Continuing Education voluntary level is too easy for all to achieve. You should have made it more difficult.

As we commence this program, our goal was to include enough CE information to be an important addition to the membership without putting an additional time/financial burden on members who have perhaps previously achieved their CMT designation without a CE component. We have heard arguments of the program being both too easy and too burdensome, which leads us to believe we got it just about right. As the program progresses, we will be adding additional opportunities to CE credits which may be better in line with our overall technical analysis educational goals.

Q: How long until 'voluntary' turns into 'mandatory'?

The Board of Directors has decided that, based upon current Continuing Education programs in the market today (some voluntary, some mandatory), that a voluntary CE program is appropriate for our Association at this stage in its global development. We have no plans to change this in the foreseeable future; however it is the Board's responsibility to continuously look at the effectiveness of all of its member services and to constantly be aware of events taking place in the workforce. If the MTA does decide to make changes to this program, we would give the membership a significant transition period.

Q: I believe some of the items for Continuing Education should be given additional weight in the program. Is that possible?

The current program credits structure has been thoroughly discussed and thought-through based on member effort, time commitments, and Continuing Education material gathered. If our seminars, regional meetings, fundraisers, etc. expand in either content or construction, we will re-assess and adjust the credits accordingly. Those determinations would be made before the event is posted for your use. Please feel free to write to us on the various weightings on educational credits. We will certainly take all comments under advisement.

Q: We have several activities where some volunteers are paid for their assistance/services to the MTA. I do not see these activities listed. Shouldn't they be?

When creating the program, we discussed credits for committee work (voluntary activities) and for selected paid activities. We decided against offering this as continuing education credits for the following reasons:

1. Most committee efforts are, of course, of great value to the MTA, but could not be reasonably considered of Continuing Education benefit to the participant. We believe that all credits should be given for technical analysis information versus administration or support to the MTA.

2. Some paid events are TA related but we believe that these positions, being compensated, are available to only some at the MTA and exclude the vast majority of members. To give CE credit to those who receive compensation for a select position would be unfair to the majority of the members and was thus rejected.

Q: Has anyone thought of approaching government or quasi-government regulators on this topic? I used my CMT as CE points a few years ago. Maybe we can talk about approaching them?

The MTA will actively pursue opportunities to market and use the Continuing Education program to the benefit of our members from a external marketing perspective and wherever the credits can be recognized. We believe the program makes our designation and our member base of knowledge stronger and even more viable to those reviewing it. If you are aware of an opportunity where the MTA can take a course of action, please contact us so that we can take the appropriate steps.

Q: Will the MTA allow other associations to register their events so that they will qualify as MTA CE credits as well? Will the MTA apply to have their events count towards CE credits at other associations?

The MTA encourages other associations to apply to have their events count for MTA CE credits. We will have an easy process in place for those associations to do so. The MTA will have a standard form that the host association would fill out and submit to Tim Licitra (tim@mta.org), which will be reviewed and responded to quickly by the MTA. The MTA will also, as a member service, continue to register our events with other associations for their CE credits. We are doing this now--for example, our regional seminars were recently approved for CFP Continuing Education credits. The decision to approve MTA events, of course, lies with the other association.

Q:What is the incentive for members to do this?

Participation in a voluntary continuing education program will show your employer that you are committed to staying "ahead of the curve" when it pertains to your job. Think of it as graduating with a college degree and then continuing your studies on the side to learn new skills – it isn't necessary for you to do so but it certainly makes you look good when it comes time to discuss a promotion or a raise. Tying in with the above, it's a perfect resume builder. The MTA will issue certificates at the close of each calendar year to those who complete the CE 15 Credit Level. You can easily add on your resume, "Satisfied the MTA Continuing Education Level for 2011, 2012, etc."

Voluntary participation in the CE Program will help not only build the credibility of the CMT designation but of technical analysis as a whole. If the purpose of your membership in the MTA is to get technical analysis widely accepted in the investment world, then what better way to do so than by expanding your studies and showing your commitment to the higher learning program. If the MTA can say XX% of our membership participates in a voluntary program to expand their TA knowledge, that tells the rest of the financial industry that the people who are already involved in this truly believe it works – otherwise they wouldn't be wasting their time.

Finally, you can completely dictate how much or how little you make with what you know. By broadening your TA repertoire, you're giving yourself an edge in reading the markets and can, in turn, increase the likelihood of successful trades.

 

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Refresh Your Ethics!

You can obtain 3 CE credits once a year by simply watching a refresher video presentation on the MTA Code of Ethics.

To view this presentation by Michael Carr, CMT, please click here.


CE Credits Breakdown

The following is a breakdown of various member services and the credits you receive for participating in them:

• Attend the Annual Symposium - 15 Credits

• Attend a Regional Seminar - 10 Credits

• Have an article published in the Journal of Technical Analysis - 7 Credits

• Present at an MTA Event - 5 Credits

• Attend a College Colloquium - 5 Credits

• Code of Ethics refresher webcast - 3 Credits

• Attend a Chapter Meeting - 3 Credits

• Have an article published in Technically Speaking - 3 Credits

• Attend a live webcast - 2 Credits

• Watch an archived webcast/event - 1 Credits

• Listen to an archived podcast - 1 Credits

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