I’m pleased to announce that I have been granted the Chartered Market Technician professional designation from the Market Technician’s Association!  I also wanted to share some background on this and for those interested in persuing the designation.

The MTA (Market Technician’s Association) was incorporated in 1973 and has become the leading professional organization for technical analysts worldwide with roughly 3,000 members in over 60 countries.  The MTA oversees the Chartered Market Technician program which has become the ‘gold standard’ in the field of professional technical analysis.

According to the MTA website CMT Section:

The Chartered Market Technician (CMT) Program is a certification process in which candidates are required to demonstrate proficiency in a broad range of technical analysis subjects. Administered by the Accreditation Committee of the Market Technicians Association (MTA), Inc., the Program consists of three levels. Level 1 is a multiple choice exam; Level 2 is a multiple choice exam; Level 3 is the essay portion of the exam.

The objectives of the CMT Program are:

1. To guide candidates in mastering a professional body of knowledge and in developing analytical skills;
2. To promote and encourage the highest standards of education; and
3. To grant the right to use the professional designation of Chartered Market Technician (CMT) to those members who successfully complete the Program and agree to abide by the MTA Code of Ethics.

To be awarded the CMT Designation, a candidate must “demonstrate proficiency in a broad range of technical analysis of the financial markets.” The CMT is the culmination of a certification process that is made up of an educational component, an experience requirement, an ethics requirement, and a membership requirement.

Personally, I have benefited greatly from the structured educational coursework, interactions with other professionals, and idea/research sharing that takes place among members.  For example, my interest in applying Elliott Wave developed directly through the CMT studies – I was skeptical of its application until I had to learn all the rules and apply them to multiple charts.  I have also deepened my awareness and interest in Fibonacci Applications. I incorporate Inter-Market Analysis as the core of my strategies, which I learned as the result of the program.  My analysis and trading are remarkably improved as a result of the 2-year structured process.

More importantly, I have been trained as a classical technician with a focus on the early “founders” of modern TA such as Charles Dow, Richard Schabacker, Robert Rhea, Richard Wyckoff, etc.  I have been fortunate to combine early research with modern principles from Martin Pring, John Murphy, Linda Raschke,  and many others.

Now that the CMT is finished, the lifetime of learning and collaboration begins.

I am proud and honored to be a new CMT Charterholder, and look forward to contributing to the field of technical analysis through my current and future research.

Corey Rosenbloom, CMT
Afraid to Trade.com