CMT (Chartered Market Technician) vs.

CFT (Certified Financial Technician)

Shivgan Joshi http://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 CFTe
CMT (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

Dows 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. 2. 3. 4. The Dow Theory Important Reversal Patterns Support and Resistance 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

 Temporal Patterns and Cycles Flow of Funds Moving Averages

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

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