CMT vs CFT / Chartered Market Technician vs Certified Financial Technician, 10 hours Wiziq Course 10 Hours course with 5 classes on Understanding CFTe/CMTe @Wiziq (Coming up in the month of June) Course Structure: Class Topic Duration 1 Technical Analysis of Stock Trend 2 Hours 2 Technical Analysis - The Complete Resource 2 Hours 3 Techncal Analysis Explained 2 Hours 4 The Definitive Guide To Point & Figures 2 Hours 5 Revision 2 Hours CFTe or Certified Financial Technician Certification gives one an International Professional Qualification in Technical Analysis.The exam is of Two levels & is designed to test the technical skill knowledge along with the understanding of ethics & market of the examinees. Level I - A multiple choice test with 120 questions, testing mainly the Technical knowledge. Level II - A theoretical Level in which essay based questions are asked requiring extensive technical as well as real life knowledge of the. CMT or Chartered Market Technician Certification is very similar to the CFT Certification, wherein candidates are required to demonstrate proficiency in Technical Analysis. Unlike CFT, CMT consists of three levels, Level 1 & 2 consists of multiple choice questions while Level 3 consists of short answer type questions. The Objectives of the CMT Program are: To Professionalize the field of Technical Analysis. To Promote High Ethical & Professional Standards. To Guide Candidates in Mastering a Professional Body of knowledge. Clearing in all three levels of CMT helps a candidate become an International Professional Technical Analyst. The course of these two certifications are almost similar & will be covered completely in the course. Classwise Breakup: Class 1 - Technical Analysis of Stock Trend: The Dow Theory Important Reversal Patterns Support & Resistance Trendlines & Channels Class 2 - Technical Analysis: The Complete Resource: Measuring Market Strengths Temporal Patterns & Cycles Flow of Funds Moving Averages Class 3 - Technical Analysis Explained: Individual Momentum Indicators The concept of Relative Strength Volume: General Principles & Volume Oscillators Class 4 - The Definitive Guide to Point & Figure: Introduction to Point & Figure Charts Characteristics & Construction Understanding Point & Figure Charts Projecting Price Targets Class 5 - Revision: Thourough Revision of the areas studied Doubt Clearing Can be set-up as per needs Some Important Links & Points relevant to CFT: taindia.org/IFTA_CFTe ifta.org/ Exam Fee - Level 1: US $ 500, Level 2: US $ 800 2.5 Hours with 120 questions. Focuses on 6 Broad areas. Medium Difficulty. 4 choices, 1 correct. No Work Experience Required. Less Online Resources. Some Important Links & Points relevant to CMT: mta.org/eweb/dynamicpage.aspx?webcode=chartered-market-technician mta.org/ atma-india.net/cmt-program.html 2 Hours, 135 Questions 4 Choices, 1 correct. Easier exam compared to CFTe. Better Online resource than CFTe. Work Experience required. CONTACT: COURSE TEACHER: Shivgan Joshi ([email protected], shivgan3@gmail). COURSE MANAGER: Arpit ([email protected], arpit2041@yahoo). SOME ADDITIONAL DETAILS: I came across them as I was looking at commodities where fundamentals are important for a long term, but for short terms technical analysis is more important. When we look at Gold, Forex, etc then we realize the important of technical analysis. I will not say which one is better as both are good in different areas, rather I will talk on points that will help you to compare both the exams and understand how to use the exams to learn things and be an innovative person. In CMT the syllabus is referred as: Body of Knowledge which has hardcore Technical analysis work. I loved the syllabus of this exam as these things are readily applicable once a person is through with CFA and FRM exams which develops the breadth of knowledge for the exam. After reading CFA/FRM/Quant Finance this exam is something which fascinates me. MTA seems to be bigger in terms of open source (the have a huge public library than contains free stuff) and contributions on internet if has made for new learners hence I personally like it more. CFT does not seems very attractive to me as for now, but it depends on various other factors, biggest being the syllabus that suites your requirements. For India: In India we have Association of Technical Analyst (taindia) which takes exam for Certified Technical Analyst CTA, but I am not not sure if it given due value and respect or not. But for sure it is cost effective. Conclusions from what I found: CMT community is more wide spread and more developed. Hence you will benefit more from CMT. However, keep in mind, knowledge is more important and in both case, you gain knowledge. Given the cost effectiveness and easier rules of CFTe it also cannot be ruled out as a great preference. Some say that CMT holds more validity in USA while CFTe holds grip over Europe CFT designation a little lower regarded certificate in the professional world, since it has no work/sponsorship requirement. But if you have experience and money CFT would work. 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 liek such in CFT. The MTA recommends 100 hours of study for exam one, 140 hours for exam two and 160 hours for exam three. CMT Passing rate is Aprox 70%, CFT not given. mta.org/eweb/dynamicpage.aspx?webcode=chartered-market-technician ifta.org/certifications/financial/
Posted on: Fri, 02 Aug 2013 11:32:54 +0000
Trending Topics
Recently Viewed Topics
© 2015