Chartered Market Technician (CMT) Program – Level I

The CMT Level I exam measures basic competence of an entry-level analyst. The CMT Level I candidate
should have a working knowledge of the terminology used in the required readings, be able to identify
the concepts discussed in these readings, and have a definitional understanding of the analytical tools
presented in the required readings.

Exam time length: 2 hours, 15 minutes

Exam format: Multiple Choice

The curriculum is organized into exam specific knowledge domains that provide a framework for
recognizing and implementing investment/trading decisions. CMT Level I exam tests the candidate’s
knowledge in 12 domains:

1. Theory and History

2. Markets
3. Market Indicators
4. Construction
5. Trend Analysis
6. Chart and Pattern Analysis
7. Confirmation
8. Cycles
9. Selection and Decision
10. System Testing
11. Statistical Analysis
12. Ethics

Listed below is an alternative reading list for the CMT Level I exam. The official readings are contained
in the forthcoming custom text published by Wiley due out in July. The CMT candidate is responsible
for knowing and understanding the entire list of reading assignments.

As part of our ongoing re-investment in the CMT Program, we have entered into a publishing agreement with
John Wiley & Sons to publish a custom text for each level of the CMT exams. Each level-specific text will be
available through Wiley in eBook format in July 2015. As our publisher, Wiley is working diligently to produce a
top quality offering as quickly as possible. We will continue to update you as we receive more detailed
information.

CMT – Chartered Market Technician | Level I Page 1

 With any change to established practices, there are some challenges. Making the transition simple and easy
for candidates currently enrolled is one of our highest priorities. For candidates who have already purchased
some of the books from the required reading lists or for those interested in starting their preparation for the
October administration immediately, we have detailed a modified reading list below.

Please note, the content and curriculum topics covered in the books listed for each level will correspond to the
same learning objectives and topics as seen in the custom text that will be published by Wiley. The specific
readings and authors may vary from the reading list below. Both methods of study are equivalent and will
cover the same topics and prepare you for the exams.

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CMT LEVEL I – Alternative Reading List

CMT – Chartered Market Technician | Level I Page 2

 CMT Level I Exam - Alternative Reading List
1. Kirkpatrick, Charles D. and Dahlquist, Julie, R.: Technical Analysis: The Complete Resource for Financial
Market Technicians 2nd Edition, Pearson Education, Inc., c. 2011, ISBN-10: 0-13-705944-2; ISBN-13: 978-0-
13-705944-7

Chapters:
1-6, 8-15, 17, 18, 22-23
Appendices A & B

2. Du Plessis, Jeremy: The Definitive Guide to Point and Figure 2nd Edition, Harriman House LTD, c. 2012,
ISBN: 978-0857192-45-5. Click on the following link to buy it at an MTA member’s special discount:
www.updata.co.uk/shop/mtabookoffer.asp

Chapters:
1-4

3. Elder, Alexander: The New Trading for a Living, John Wiley & Sons, Inc., c. 2014, ISBN: 978-1-118-44392-7

Chapters:
11-31

4. Gorman, Wayne and Kennedy, Jeffrey: Visual Guide to Elliot Wave Trading, John Wiley & Sons, Inc., c.
2013, ISBN: 978-1-118-44560-0

Chapters:
Appendix A
1

5. Burton, Edwin T and Shah, Sunit N.: Behavioral Finance, Understanding the Social, Cognitive, and
Economic Debates, John Wiley & Sons, Inc., c. 2013, ISBN: 978-1-118-30019-0

Chapters:
1-4, 7

6. Davis, Ned: Being Right or Making Money, John Wiley & Sons, Inc., c. 2014, ISBN: 978-1-118-99206-7

Chapters:
1-5

7. Levy, Robert A.: (White Paper) Relative Strength as a Criterion for Investment Selection, Wiley, Inc.,
Journal of Finance, Volume 22, Issue 4 (December 1967).

8. Code of Ethics and Standards of Professional Conduct

CMT – Chartered Market Technician | Level I Page 3