Everything you need to complete the Level I of the CMT Program.
CMT Level I 2021: Introduction to Technical Analysis fully prepares you to demonstrate basic analyst competencies at a basic level, including working knowledge of terminology and the ability to discuss key concepts and basic analytical tools. Topics covered include theory and history, markets, market indicators, construction, validation, cycles, choice and decision, system testing, and statistical analysis. The Level I exam focuses on the analysis of trends, charts and patterns.
This Chartered Market Technician® Foundation Guide will give you all the benefits of passing the Level I CMT exam.
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The CMT Association has worked to advance the discipline of technical analysis for nearly 50 years. What began as a small group of sell-side analysts on Wall Street is now a global association with members in 137 countries. The CMT Association strives to establish and maintain the highest professional standards among technical analysts with a variety of opportunities for education, ethical awareness and networking.
Originally called the Market Technicians Association, the organization was founded as a non-profit association in 1973, but has held meetings since 1971. In 1973 there were 18 founding members, but the three founders are believed to be Ralph Acampora, John Brooks, and John Greeley. These founding partners found that they were doing the same for a living (practicing technical analysis) and believed that there had to be an organization similar to the one that already existed for fundamental analysts. Initially, the CMT Association was a New York-based group, but when it was discovered that there were technical analysts around the world, the CMT Association evolved into a US-based association and eventually a global professional body.
The CMT Association's Chartered Market Technician (CMT) program emerged after significant work in the second half of the 1980s. The first tests were carried out and the first CMTs were issued in 1989. In 2005, the NASD (now FINRA) filed a rule filed with the Securities and Exchange Commission to accept CMT 1 and 2 as an alternative to the Series 86 exam required by financial analysts.
For most of the early years of its history, the CMT Association resided in various locations in downtown New York City, usually in a room shared by other friendly associations (e.g. NY Society of Security Analysts [NYSSA]). In September 2001, the CMT Association was in the World Trade Center when the Twin Towers collapsed.
The CMT Association quickly moved to Woodbridge, New Jersey and actively worked to rebuild its resource library through donations from members and friends of the CMT Association. The CMT Association moved to a new location in downtown New York in early 2007 on Broadway 61 - Suite 514, NY, NY 10006, one block from the New York Stock Exchange (NYSE). The CMT Association moved to 25 Broadway in May 2017, near the famous Charging Bull. Effective July 14, 2017, the organization changed its name from Market Technicians Association to CMT Association.
CMT Level I 2021: An Introduction to Technical Analysis fully prepares you to demonstrate the basic skills of a beginning analyst, including a working knowledge of terminology and the ability to discuss key concepts and fundamental analytical tools. Topics covered include theory and history, markets, market indicators, construction, confirmation, cycles, selection and decision, system testing and statistical analysis. The Level I exam emphasizes the analysis of trends, charts and patterns.
This essential guide to the Certified Market Technician program will provide all the benefits to pass Level I.
The CMT Association has worked to advance the discipline of technical analysis for nearly 50 years. What started as a small group of sell-side analysts on Wall Street is now a global association with members in 137 countries. The CMT Association strives to establish and maintain the highest professional standards among technical analysts with various continuing education, ethics awareness and networking opportunities.