Chartered Market Technician - The CMT Program

The CMT Program

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. CMT Level 1 and CMT Level 2 are multiple choice exams while CMT Level 3 is in essay form.

The MTA began to develop the CMT program in 1985. Just as other professional organizations have standards of competence for members, so the CMT designation provides a recognized standard of proficiency for technical analysts. (The CMT examinations are administered by Thomson Prometric, which administers other professional tests, such as the CPA exam.)

The objectives of the CMT Program are:

  • To guide candidates in mastering a professional body of knowledge and in developing analytical skills;
  • To promote and encourage the highest standards of education; and
  • 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.

In order to be granted your CMT designation, you must meet the following requirements:

  • Successful completion of all three (3) levels of the CMT Exam.
  • Have obtained 'Member Status' within the MTA.
  • Have been gainfully employed in a professional analytical or investment management capacity for a minimum period of three (3) years and must be regularly engaged in this capacity at the time of successfully passing all three (3) levels of the CMT Exam.

The three-part CMT examination includes:

  1. Definitions ("terminology, charting methods, and ethics")
  2. Application ("concepts such as "Dow Theory, Elliott Wave, intermarket, etc.")
  3. Integration ("competency in ethics and in rendering technical opinions integrating multiple aspects of technical analysis. Essay responses should be of the quality of technical research published by practicing CMT charterholders.")


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