CMT Awarded and MTA Information

Apr 22, 2009: 11:02 AM CST

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
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32 Responses to “CMT Awarded and MTA Information”

  1. Declan Fallon Says:

    Congrats Corey,

    Should go about getting mine – given I have done the hard part of passing the exams!


  2. Corey Rosenbloom Says:


    Congrats as well! I’m with you, I finished the exams last November and here it is April with the CMT being official. It takes a while for the sponsorship process, as sponsors look at your work and recommend you – that’s important but I waited too long to line sponsors. There’s a reason they say find your sponsors early 🙂

  3. John Forman Says:

    Hey Corey. Congrats. Is your new designation why you haven’t answered my email back to you? 🙂

  4. Corey Rosenbloom Says:

    Oh no! I’ll get right on it! My apologies.

    It’s been a busier than expected week and I’m behind on emails 🙂

  5. Ross Williams Says:


    How long did the process take? I understand it can be done in as little as 18 months.

  6. Corey Rosenbloom Says:


    Technically, yes, 18 months would be the bare minimum. You’ll need to study for the first exam which could take 2 or 3 months, so add that time in as well.

    Each of the 3 exams is spaced 6 months apart, so you would look to receive your CMT roughly one year after completing the first exam. Be sure to line-up your sponsors and work with them *prior* to completing your final exam (I waited longer than I should – a lot of people do). I’d be happy to take a look at your work and be your sponsor if interested.

    Become a full member of the MTA *before* completing the CMT coursework (I became a member after – it can take a month or two to become a full member) Then there’s administrative/paperwork involved which isn’t too bad.

    To become a member, you need 3 sponsors and must have been using technical analysis in a professional capacity for at least 5 years (which is waived to 3 years with successful completion of the CMT program).

    If anyone has questions, I’m happy to be of assistance.

  7. Scott Says:


    I don’t have any idea where you find time for all this stuff. You’re completely nuts–but that’s what endears me to you.

    Congratulations. Keep getting more educated so I don’t have to.

  8. Corey Rosenbloom Says:

    Thanks Scott – I think 🙂

    If it weren’t fun, I wouldn’t do it. The market’s a big chess game to me – I make it fun so that I’ll keep the motivation up.

  9. Jordan Says:

    Congrats Corey. I’ve never commented here before, but am a big fan of your site. You do great work. I am taking my Level 3 CMT this weekend. Studying my brains out. If anyone out there is considering the program, I think it is worthwhile. I have been trading for a long time and I think I have a much better perspective on the market now then ever.

  10. Travis Says:

    Congrats Corey,

    It’s been a long time coming. You been at this for some time now. The skys the limit, good luck!

  11. Corey Rosenbloom Says:


    Great to hear from you! Thank you for reading.

    I wish you the best of luck on the exam. The 3rd exam was by far my favorite, as it felt like I was writing numerous small blog posts for 4 hours. It can be hard if you’re not used to that format (look at a chart and discuss everything pertinent you see on it). I’m like you – been trading for a while but once I got involved in the CMT coursework, it gave a broad awareness and got me interested in subjects I never thought I would.

    If you need a sponsor for membership, feel free to contact me.

  12. Corey Rosenbloom Says:

    Thanks Travis!

    It’s been so fun so far and hopefully it will continue to be so into the future! I have some good things ahead I’ve been working on so stay tuned!

  13. gawed Says:

    well my friend i can say nothing than congratulations, i have read all the effort it has taken you to get to these point and i’m glad you’ve been able to achieve it!
    What you do for a lot of us beginners and experienced traders everyday is great.
    I really hope to one day being able to follow your footsteps and also count you as one of my sponsors 🙂

  14. Corey Rosenbloom Says:


    It would be my pleasure to sponsor you! Thank you so much for all your support and well-wishes.

    This is all fun for me, not work so as long as it feels that way, I’ll keep on my ‘crazy’ posting schedule (as Scott above calls it) 🙂

  15. Matt Says:

    Great job Corey. Your exceptional skills displayed here on a daily basis clearly show your excellence. Keep up the daily educational charts & market analysis from all aspects, it makes my day reading them. Thanks once again.


  16. Anonymous Says:

    Corey Congrats…. Well earned. Thanks for your blog, it is quite insightful and I follow it daily.


  17. Austin Says:

    Congrats- i have always wanted to do something like this. Is this the most recognised Technical Association? I wonder if they have programmes down here in Australia? Well done, a role model for us all.

  18. CJ Rivas Says:

    Congrats! I will start my CMT soon. will take Level 1 exam in 2009, six months from now.
    question : i thought membership was required as part of the cmt program. but you say you became fulltime member after finishing the cmt process?

  19. John Says:

    I’m a huge fan of your blog. Congratulations and thanks for taking us with you on your journey.

  20. Dominick Says:

    Congratulations Corey!!! You certainly deserve it. I am very happy for you. I have certainly learned the most about trading from your daily posts and always look forward to reading them. It is very generous of you to share your expertise with us.

  21. Munchi Says:

    Congrats, your daily notes gives us all hope that we’re in the right track for success. Keep up the great work.

  22. gamingthemarket Says:

    Good job Corey, and thanks for sharing your progress with us. I’ve enjoyed reading about the process.

  23. Anthony Says:

    Congrats from Down Under.
    Your blog is must read for me.

  24. Corey Rosenbloom Says:

    Thanks Andrew and Matt!

  25. Corey Rosenbloom Says:


    The MTA is probably the most recognized world-wide, yes, though the International Federation of Technical Analysts is perhaps more active outside the USA (I’m not familiar yet with IFTA).

    In the message boards/study groups (for the CMT at the MTA website), there were people from all around the world – Asia, a couple from Australia, UK, India, Egypt – and those were just the study partners I remember!

  26. Corey Rosenbloom Says:


    You need to be an affiliate member (anyone can sign up) and pay dues to participate in the CMT program (exams/study) but to get your CMT officially, you have to be a full member.

    Full membership requires three sponsors familiar with your work and a 5 year (3 years with completion of 3 exams) ‘active in technical analysis’ requirement.

    To be a member of the MTA, you don’t have to take the CMT coursework, but to hold a CMT charter, you have to be a full (and sponsored) member of the MTA.

  27. Corey Rosenbloom Says:

    Thanks John & Dominick! I’m so happy to have the great readers I do and the support from you all!

  28. Corey Rosenbloom Says:

    Thanks Munchi & Anthony! So glad to have you as readers.

    Hopefully I’ll be able to take a trip down to Australia to visit my ‘readers from down under!’ I’d love to visit.

  29. Anonymous Says:

    Congratulations on your success and great achievements!

    Thank you very much for sharing your experience and research with us!


  30. Ron Says:

    Corey, may I ask how you were able to satisfy the work experience requirement to become a full MTA member? I was told that you have to work for a professional financial services firm. Is this not true? If so, how could you, as an independent trader (not managing other people's money), qualify for full membership and thus the CMT?

    Thanks for your advice.

  31. Ron Says:

    Corey, may I ask how you were able to satisfy the work experience requirement to become a full MTA member? I was told that you have to work for a professional financial services firm. Is this not true? If so, how could you, as an independent trader (not managing other people's money), qualify for full membership and thus the CMT?

    Thanks for your advice.

  32. Oscar Salas Says:

    Congratulations Corey, I'm taking my third examn in a few days.