Chartered Market Technician

Right from graph paper and pencil to the use of high tech computers, chartered market technician jobs have seen tremendous growth in the recent years. Divulged below is some information about the same.

There are trillions of dollars flowing in the economy and expertise in understanding financial markets can hence give you an edge to make promising careers. Thanks to the establishment of the non-profit global organization, ‘The Market Technicians Association (MTA)’, in 1973, that proper study and training procedure for studying financial markets came into existence. The journey from pencil graphs to high tech computers in the financial markets has been rewarding for numerous chartered market technicians who have been in this profession for a couple of decades.

While some have invented or improved methods of financial analysis, many have moved on to become well established financial analysts, teachers, investors, educators, mentors. Some have even formed their independent brokerage firms. Being a very vast field, several jobs have been an open gateway to target right career opportunities in the financial field.

Becoming a Chartered Market Technician

Candidates who aspire to become Chartered Market Technicians (CMT) must firstly study the official website of the organization The Market Technicians Association (MTA). To become a CMT, the MTA provides certification programs in which candidates are required to demonstrate expertise in a numerous aspects of technical analysis. This exam is conducted in three levels, the first two being MCQs based tests and the last one, an essay based test. In the course of years, the MTA has designated nearly 3000 members worldwide and it has become popular in financial marketing services for training competent candidates. To become a CMT, one has to pass all the three exams conducted by the MTA. Understand that it is not just enough to understand financial pie charts and diagrams and predict few obvious results. Candidates must be able to read as well analyze financial charts and graphs. The relationship between price patterns and fluctuating market — every minute detail must be understood well. Candidates are also given advanced training in numerous facets of understanding the financial markets. It is good to have some background in finance and commerce to become a member of MTA, so that it is easier for candidates to grasp the concepts.

To pass the tests, candidates have to go through 3 levels of tests. In the 1st level, basics of charting methods, terminology and ethics is tested. In the second level, applications like Dow Theory, Elliott Wave, intermarket, etc. is put to test. In the last and most vital part, candidates are tested on essays that must be well researched and written properly.Candidates who have a background in finance, especially a bachelor’s degree in relevant subjects, or those who’re working in fields related to finance, securities, dealers, broker markets, financial services, fund managers and stock markets can take certifications of CMT to enhance their careers. To join the MTA, one is required to become members of this program and every individual must be sponsored by at least 3 MTA members. There are certain terms and conditions that must be followed by every member joining the MTA and all these have been specified on the official website of MTA. It has to be remembered that passing tests conducted by the chartered market technicians is recognized by U.S. Securities and Exchange Commission and it is also regarded equivalent to passing Series 86/87 examination. This is certainly a great career booster for individuals in the finance field. Even the Financial Industry Regulatory Authority (FINRA) prefers employees who have passed the first two levels of exam as an alternative to the more difficult, the Analysis Series 86 examination for technical analysts.

Chartered market technicians are required in the finance sector for diverse works, just like chartered accountants or certified financial planners. Candidates interested in this career must make efforts to get relevant education and carve a niche for themselves in this segment of the market.