CMT (Chartered Market Technician)

vs. CFT

(Certified Financial Technician)

Shivgan Joshihttp://stockcreditfinancecfa.blogspot.in/

Disclaimer

• Personal views • For education & Research• Do not represent any organization • Not affiliated to any organization• Neither a CFT or CMT

CFTe Level 1 Exam

• Certified Financial Technician• http://www.ifta.org/• http://www.taindia.org/IFTA_CFTe• Local Chapter for Support / Meetings / Cost

effectiveness

• Cost of the exams is as follows: Level I US $500 and Level II US $800.

• Initial Joining Fee : Rs. 3,000/-

CMT Level 1 Exam

• Chartered Market Technician• http://www.mta.org• http://www.atma-india.net/cmt-program.html• It also has cell in various nations

CMT vs CFTeCMT (Three Levels)• 2 hours 135-Questions

Prometric• Multiple choice question• 1 out 4 correct • New York, USA• Easier (means less

knowledge)• More costly• Better online resources • Work exp required• Have sample papers

CFTe (Two Levels)• 2.5 hrs 120-Questions

Pearson• Focuses 6 basic areas• 1 out of 4 correct• Maryland USA• Medium Difficulty (means

more knowledge)• Less Costly • Less online resources • No work Exp Required• No Sample Papers

CFT Syllabus & Key Learning

• Dow’s theory• Trend line, support resistance, etc• Oscillators • Moving averages• Relative Strength• Candle Charts

Important Point

• MTA seems to be bigger in terms of open source (the have a huge public library than contains free stuff)

• As per MTA we can do the tests and complete all 3 levels, however you can use the "CMT charter" after your name only when you have the respective 2/3 years of relevant experience. No problems like such CFT.

CFT Syllabus & Key Learning

• Nearly Same • Little about:• Volumes• Automated trading

Syllabus

• 5 Hours / 5 Class course covering CMT L1• 50 test questions• Understand the exam before registering

http://docs.mta.org/cmt/reading/2013spr-cmt1.pdf

Class 1: Technical Analysis of stock trend

• 15 minutes on each topic

1. The Dow Theory 2. Important Reversal Patterns3. Support and Resistance 4. Trendlines and Channels

• Edwards, Robert D. and Magee, John, Technical Analysis of Stock Trends, 9th Edition, CRC Press, Taylor & Francis Group, Boca Raton, Florida, c2007, ISBN 0-8493-3772-0

Class 2: Technical Analysis The Complete Resource for Financial Market Technicians

• Measuring Market Strength • Temporal Patterns and Cycles• Flow of Funds• Moving Averages

• Kirkpatrick, Charles D. and Dahlquist, Julie R.: Technical Analysis The Complete Resource for Financial Market Technicians, Pearson Education, Inc., Upper Saddle River, New Jersey 07458, c. 2006, ISBN10:0-13-153113-1

Class 3: Technical Analysis Explained

• Individual Momentum Indicators• The Concept of Relative Strength• Volume: General Principles & Volume Oscillators

• Pring, Martin J.: Technical Analysis Explained, 4th Edition, McGraw Hill Book Company, New York, NY, c. 2001, ISBN 0-07-138193-7

Class 4: The Definitive Guide to Point and Figure

• Introduction to Point and Figure Charts • Characteristics and Construction • Understanding Point and Figure Charts • Projecting Price Targets

• Jeremy du Plessis, The Definitive Guide to Point and Figure, Harriman House LTD, 2009, ISBN 1-897-59763-0.

Class 5: Revision Applications Doubts

• Miscellaneous

Conclusion

• It is about knowledge • Reference: FAQ from the respective Website• CFTeI_Syllabus_2012.pdf• cmt-level1-fall2012.pdf