Chartered Market Technician Level 3

This is the third level of the Chartered Market Technician program, administered by the Accreditation Committee of the Market Technicians Association (MTA). Its purpose is to promote the development of a candidate's professional knowledge with respects to the field of technical analysis. Three exam levels must be completed successfully and an individual must agree to adhere to the MTA Code of Ethics before CMT certification will be awarded. At this stage the candidate should be proficient in analyzing charts and technical data and forming their own research opinion, portfolio strategies and trading decisions.

Click here for CMT level I and II

Exam Details

Time Limit: 4 hours
Cost: $450
Number of Questions: Essay questions totaling 240 points
Passing Score: 70% on ethics
Format: Essay questions - independent questions with sub-questions
Prerequisites: CMT level 1
Exam Date(s): Twice a year in April/May and October
Exam Locations: Worldwide at Prometric Testing Centers. To locate a test center near you visit the Prometric Website: https://www.prometric.com/en-us/for-test-takers/Pages/locate-a-test-center.aspx?Type=locate
Offical Exam Website: http://www.mta.org


Exam Topic Weights

The MTA website states that the Level 3 exam requires the candidate to analyze case studies, and make and justify recommendations based on data provided. The primary focus of the exam is the practical and ethical application and integration of technical analysis.

CMT program is self-study, so be sure to follow the required readings for each level.

For a complete list of exam topics, refer to the MTAs Reading List (In PDF).
You cannot choose to write both the research paper and the exam, you must choose one. If you choose to write a research paper, you must demonstrate your ability to integrate what you have learned in levels 1 and 2 with actual data analysis. If the peer review panel of the MTA Accreditation Committee reviewing your paper passes you, your paper could be published in the MTA's Journal of Technical Analysis.




Professionals FAQs
  1. Where can I look for a financial planner?

    References from trusted friends or family members can help you find a financial planner; however, keep in mind that your friends' financial situations and goals may differ from yours and, therefore, their planners won't necessarily be the best fit for you.The Certified Financial Planner (CFP) Board of Standards certifies financial planners and maintains an online list of certified financial planners on its CFP Board of Standards website.
  2. If I am looking to get an Investment Banking job. What education do employers prefer? MBA or CFA?

    If you are looking specifically for an investment banking position, an MBA may be marginally preferable over the CFA. The caveat here is that the MBA would most probably need to be from a Top-20 B-School.The Chartered Financial Analyst (CFA) is well worth considering if you (a) are aiming for an entry-level position in investment banking, and/or (b) cannot afford to shell out six figures for an MBA or have to settle for a lesser-known B-school.That's because in the investment banking field, most entry-level positions are at the analyst level.
  3. Can I still pass the CFA Level I if I do poorly in the ethics section?

    You may still pass the Chartered Financial Analysis (CFA) Level I even if you fare poorly in the ethics section, but don't count on it. The CFA Institute has long emphasized that ethics is a particular area of focus for it. The seriousness with which the CFA Institute views ethics is evident from the fact that for exam candidates with borderline total scores, performance on the ethics section can mean the difference between passing and failing the exam.
  4. Under the USA, registration as an IAR includes all of the following EXCEPT:

    Under the USA, registration as an IAR includes all of the following EXCEPT: A. Minimum net capitalB. Passing a qualification examC. Filing a consent to service of processD. Posting a surety bond The correct answer is "A", since only an IA would need to prove minimum net capital requirements.
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