CMT Level II Passed
I am excited to announce that I received word today that I had successfully passed the Chartered Market Technician Level 2 examination, offered through the Market Technician’s Association.
The test was rather difficult, and required various textbook style assignments (reading full books) and taking notes across broad topics.
Mostly, the test material centered on the following:
Relative Strength Analysis
Inter-market Analysis
Elliott Wave Theory
Candlestick Patterns and Analysis
Statistics
Point and Figure Charting
Chart Pattern Recognition and Interpretation
Sentiment and Application
Indicators and Construction/Application
Cycles
… and so much more.
There are three examinations to the designation, meaning there’s one more to go and it’s a lengthy essay-based written examination.
I’m loving what I’m learning, and I recommend the structured educational component the curriculum provides, as it has given me a step-by-step process of what’s important in the field of Technical Analysis, and it has vastly broadened my awareness and appreciation of alternate techniques or methods of application.
For more information, visit the MTA Website (www.mta.org) and consider if the program might be right for you if you’re in for serious study of Technical Analysis and market chart analysis.
Congrats Corey! Did you use a study guide service? If so, can you make a recommendation? I’d like to start this curriculum sometime in the next two years.
Best of luck on Level 3.
AC,
Thank you! I actually did. I studied with a partner and we enrolled in the CMTi (institute) of online interactive classes and purchased the educational videos on the above topics that come from the MTA recommended materials section for Level 2. They were helpful in distilling what was most important from the massive amount of text one must read.
It’s intensive, and prepares you will so I recommend any sort of learning material to supplement what’s there in the required and recommended list – the organization does a good job of recommending material as well.
I’d absolutely be happy to discuss more with you!
congrats, btw I am sitting for level 3 in october. i am from malaysia and i hope with the certification i can get a job in singapore or hong kong
Hey Corey congrats man! I myself am interested in pursuing CMT but it seems they do not have a chapter in India and all my queries regarding this to MTA have not been responded yet. So I am kinda lost and confused about the whole thing.
Manoj
Corey,
congrats! After reading you post, I went to the website and took the sample 7 Question test. I scored a solid 0 for 7.
Way to move through Lvl 2, and score well on Lvl 3.
jon
Corey,
If I can give you one piece of advice for the Level 3 exam,that would be “time”. Take the 1/2 hour used for the test tutorial to mark up your charts. I did this and still only had 15 minutes to review before the time expired.
Good Luck.
Hi Corey,
Congrats on clearing your level 2. I can imagine its not easy coping with studying, working and posting all those fantastic blog posts. Best of luck for level 3.
Ashraf,
Thank you and best of luck to you as well! The certification will absolutely help you, as it is becoming more and more recognized in the field, even internationally. It’s a formal and structured process that requires deep study of TA. Best of luck!
Jon,
Ouch. I haven’t seen that practice test on their page in a while, but the material is much, much more difficult than most people assume. It’s not as easy as “point to the head and shoulders pattern.” It’s getting more quantitative and statistical and objective, and that’s a benefit to those who study the material but it’s definitely not a joke 🙂
Thank you for the support!
Joseph,
Thank you for your comment and support. I’m one to write and write and write and so I fear that will be my biggest issue with the timed written portion. I’m actually looking forward to it (because I don’t prefer multiple choice exams) but that time barrier may throw me. I’ll keep you all updated.
Simply Options Trader,
Thank you so much for your support and kind words!
My schedule has admittedly become more busy than I ever anticipated. It’s all passionate work and I’m enthusiastic about it so none of it feels like work – not even the studying which consumed 4 evenings a week for 4 or so months prior to the exam (and will be doing the same if not more for the next exam).
I hope I can sustain the motivation to keep reaching for greater accomplishments, and enjoy it all along the way!
Hey Corey,
I just passed Level 2 yesterday myself. You’re absolutely right, it was definitely challenging and concentrated on the topics you have listed above.
How did level 3 work out for you? Care to share any insights?
Tony,
Congratulations!! Very good!
I passed level 3 in December 2008 and received my CMT charter in April 2009.
The level 3 exam was my favorite – it was just like numerous small blog posts. Level 2 ironically was the hardest for me.
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Hey guys,
I'm scheduled for level 2 in November and not sure what to expect regarding the difficulty of the exam. Do you know of any video presentations for level 2, I remember watching a video on level 1 and what to expect but can't find anything about level 2?!
Many thanks in advance,
Hussein