Chartered Market Technician

I was wondering what you all thought of the CMT designation... I will be hanging out in graduate school for the next while and I was thinking of taking CFA and CMT exams simultaneously to help me move into trading. I will be interning doing various things also. I just want to know if the CMT is considered valuable, and if there are other exams I should consider. CMT is recognised by NYSE and NASD and seems to provide a thorough education in technical analysis, a field I am interested in. Thanks for your advice.

 
Best Response

Do not expect this board to give the CMT any respect, im posting this as a warning to you because i have seen how people react to subjects related to TA. I think more than BB recognition what you as an individual are able to get out of the program matters more than what a BB thinks. Once you make trader and start generating a great PnL they dont care how you are making the money as long as you continue to make it. Use the CMT program to learn TA if it interests you. I certainly dont see it being a hindrance unless the bank as a whole is anti TA.

I have considered going for my CMT also, if you are interested in being a trader i see it being much more useful than a CFA since in the short run TA is more useful than financial analysis.

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
 
trade4size:
I have considered going for my CMT also, if you are interested in being a trader i see it being much more useful than a CFA since in the short run TA is more useful than financial analysis.
Thanks for the advice. I was thinking of starting both, since the CFA will prove that I know some economics and finance, subjects I have no formal qualifications in right now. The CMT will let me explore a subject I enjoy. Even if the banks don't think much of the content, I hope that going for both designations will help to demonstrate my motivation.
 

hi,

I was just wondering if you guys have bought books for the CMT.

Are there study guides such and Kaplan for this course.

Also in terms of recognition, there is another charter called CFTe, which one is more recognised?

Thanks!

 

hi,

I was just wondering if you guys have bought books for the CMT.

Are there study guides such and Kaplan for this course.

Also in terms of recognition, there is another charter called CFTe, which one is more recognised?

Thanks!

 

Taking the text in November and I can honestly say I will pass the exam and it took me a week to get to the point where I felt comfortable. Cool stuff to learn but most non tech people laugh at you when you try to talk about it

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

How come it takes only a week to feel comfortable about passing the exam (Level-1)? smart dude! there are about 4 books each having over 500-600 pages to review.

 

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If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

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