What Is a Chartered Market Technician?
A chartered market technician (CMT®) is a professional technical analyst who holds the CMT designation awarded by the CMT Association. The CMT represents the highest level of training within the discipline and is the preeminent designation for technical analysis practitioners worldwide.
The CMT Association (formerly the Market Technicians Association) is a global credentialing body with nearly 50 years of service to the financial industry.
Key Takeaways
- The chartered market technician (CMT®) designation is a professional credential.
- It is earned by those who can demonstrate extensive knowledge and aptitude in technical analysis and trading.
- To earn the designation, candidates must complete an intensive self-study program and pass a series of three comprehensive exams.
- These exams are considered the gold standard in the industry.
- Administered by the CMT Association, this program aims not only to develop technical and professional skills but also to teach and instill a code of ethics and an ethical framework within which to work.
Understanding the CMT
Technical analysis and its tools can help analysts, traders, and investors to, as the CMT Association states, "successfully navigate the gap between intrinsic value and market price across all asset classes."
Its practitioners attempt to understand and benefit from market behavior through a disciplined study of price and volume movements and the law of supply and demand.
Those awarded the CMT designation are recognized as possessing broad and deep knowledge of the markets, technical analysis theory and practice, investment risk in portfolio management, as well as of quantitative approaches to market research and rules-based trading system design and testing.
Among industry practitioners and financial institutions worldwide, the CMT designation is considered the global gold standard in technical analysis expertise and proficiency.
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