CMT Level I 2016

Exam length:

2 hours

Exam format:

Multiple Choice

Number of questions:
Exam date:

Estimated passing score:

Exam reading assignments
Number of multiple choice questions:

132 (15 unscored)

Spring and Fall

Not disclosed
1165 pages
840 (7 exams)

CMT Level I 2016

What is the CMT Program?

What is the CMT Program?
The Chartered Market Technician (CMT) Program is a certification process in which
candidates are required to demonstrate proficiency in a broad range of technical
analysis subjects. Administered by the Market Technicians Association
(www.mta.org), the main objectives of the CMT Program are:
To guide candidates in mastering a professional body of knowledge and in developing analytical skills.
To promote and encourage the highest standards of education.
To grant the right to use the professional designation of Chartered Market Technician (CMT) to those members who successfully complete the Program and
agree to abide by the MTA Code of Ethics.
When and where is the exam held?
CMT Exam Levels I, II, and III are given twice a year, in April/May and October. The
CMT exam is administered all over the world at Prometric testing centers.
What are the CMT Program and Exam fees?
The CMT Program requires a onetime enrollment fee of $250 USD. All subsequent
fees shall be paid upon registration for each exam:
MTA Membership fee: $300.00 USD
CMT Program registration fee: $250.00 USD
Level I exam fee: $250.00 USD
Level II exam fee: $450.00 USD
Level III exam fee: $450.00 USD
What is the length and format of the three levels?
The CMT Program requires a onetime enrollment fee of $250 USD. All subsequent
fees shall be paid upon registration for each exam:
Level I: 2 hours and 132 Multiple Choice questions (12 unscored).
Level II: 4 hours and 170 Multiple Choice questions (20 unscored).
Level III: 4 hours and Essay questions totaling 240 points.
How are the exams graded?
The Level I and II exams are multiple choice and machine graded. The Level III exams are graded by CMT charterholders. Grading is based on a uniform answer key
for each question.
Do typographical and grammatical errors affect your Level III score?
Typographical and grammatical errors will not penalize you on the Level III exam.
Exams are graded solely on the application of the technical analysis concepts being tested. We encourage candidates to answer questions using short phrases or
bullet points where appropriate. Graders are aware that English might not be the
candidates first or primary language.
What is the passing score for each level of the exam?
The MTA goes through a rigorous standard setting process to determine the passing score. This can fluctuate from exam to exam, and for these reasons the passing
score is not disclosed.
When are exam results released?
The results for the CMT Level I and II exams are issued upon completion or exiting
the exams. CMT Level III exam results require a manual grading process and therefore generally are made available within approximately six to eight weeks of the
exam date.

CMT Level I 2016

Study Material: Practice Exams.

Financer Trading Practice Exams book is the perfect complement to the Official Curriculum (John Wiley & Sons) established by the MTA for CMT Level 1. Financer Training offers 7 complete exams with 840 multiple choice questions with a similar or
higher level of difficulty as the one you will face on the day of the test. Financer Training Study material is the perfect partner to pass CMT level I.

Practice Exams.
313 pages.
840 multiple choice questions (7 practice exams).
All questions include detailed answers.

How can I buy Financer Training Study Material?

Financer Training offer CMT candidates two methods of payment: bank wire or paypal.
If you are interested in paying by bank wire, the banking account data can be found in
our website (www.financertraining.com), where you can also find the Paypal buttons
to pay with your credit card.

Price and format of Financer Training Study Material.

Financer Training Practice Exams can be bought as a printed (hard copy version) or as
an electronic or digital version. The electronic version is offered in an encrypted PDF
format. The candidate will need to use the free software Prot-On (www.prot-on.com) to
open the PDF files. Note that the digital version is nonprintable. The prices that you
see in this brochure as well as in our website (www.financertraining.com) include VAT
and delivery costs for the printed version.

Practice Exams Printed Version

Practice Exams Digital Version

312 (VAT and Delivery Costs included).

260 (VAT included).

CMT Level I 2016

Study Material electronic (digital) version.

What is Prot-On software?
Prot-On is an application that ensures the files you send by email, upload to the
cloud or share on social networks can only be accessed by authorized users. Therefore, Prot-On is encryption software.
What is the Prot-On URL?
https://www.prot-on.com
How much does Prot-On software cost?
Prot-On is free software.
What do I need Prot-On software for?
If you have bought any digital Financer Training course, you will receive the study
material in PDF format. In order to open these files, you will need to be a Prot-On
registered user. Registration is free and it must be made with the same email address in which you have received the Financer Training PDF files.
Registration can be made using the invitation Prot-On email that you receive when
you buy a digital Financer Training course, or just entering the Prot-On site directly.
In any of these registration methods, do not forget using the same email address in
which you have received the Financer Training PDF files, and to keep your user and
password for future usage of Prot-On software.
Once you are a registered Prot-On user you have two ways to open Financer Training PDF files: first one is just installing the Prot-On software in your computer, and
second one is employing a simple process of drag-and-drop taking the PDF file and
dropping it into the Prot-On Drag and Drop section. Both options are explained in
full detail in the Prot-On website.
If I am already a Prot-On registered user, do I need to register again?
If you are already a registered user, you do not have to register again. Once you are
registered, keep your user and password for future protected documents.
Can I open the CMT study material offline?
Yes. As we illustrated in a previous answer, there are two ways to open the PDF
files. The most straightforward option is just saving the document and then drag
and drop the PDF file into the Drag 'n' Drop website section (there is a tutorial in
the site with a step by step explanation). Clearly, under this option we must be
online.
The second option is based on installing Prot-On software in our computer. Once it
has been installed and activated with our user and password, we could open the
PDF files even if we are offline. Every time we open a PDF file offline, we have a full
month to access the study material till the next time we open the study material
online. Once we open again the files online, time is restarted again and we have
another full month of offline studying.
How much time do I have to access the CMT study material?
You can open the CMT study material for an unlimited period of time. Once you buy
and download the Financer Training course, the PDF file could be opened with your
Prot-On user and password forever.
Can I open the study material PDF files without using Prot-On?
No. PDFs are encrypted and they can only be opened using Prot-On.
Can I print the PDF files?
No, the PDF files are nonprintable. If you prefer to read the information in a traditional way, we recommend you to buy the printed version.

CMT Level I 2016

CMT level I Topics & Question Weightings

Topic 1. Theory and History.

9%

11 questions

Topic 2. Markets.
Topic 3. Market Indicators.

5%
7%

6 questions
9 questions

Topic 4. Construction.

5%

6 questions

Topic 5. Trend Analysis.

16%

18 questions

Topic 6. Chart & Pattern Analysis.

23%

28 questions

Topic 7. Confirmation.

3%

4 questions

Topic 8. Cycles.

5%

6 questions

13%

15 questions

Topic 10. System Testing.

5%

6 questions

Topic 11. Statistical Analysis.

6%

7 questions

Topic 12. Ethics.

3%

4 questions

100%

120 questions

Topic 9. Selection and Decision.

CMT Level 1 Exam Reading Assignments:

The New Trading for a Living.
Alexander Elder.
Hoboken, New Jersey: John Wiley & Sons, 2014.

Behavioral Finance, Understanding the Social, Cognitive, and Economic

Debates.
Edwin Burton & Sunit Shah
Hoboken, New Jersey: John Wiley & Sons, 2013

Being Right or Making Money. 3rd Edition.

Ned Davis.
Hoboken, New Jersey: John Wiley & Sons, 2014

Trading Systems and Methods, 5th edition.

Perry J. Kaufman.
Hoboken, New Jersey: John Wiley & Sons, 2013

The Evolution of Technical Analysis: Prediction from Babylonian Tablets to

Bloomberg Terminals.
Andrew Lo and Jasmina Hasanhodzic.
Hoboken, New Jersey: John Wiley & Sons, 2010

Evidence-Based Technical Analysis.

David Aronson.
Hoboken, New Jersey: John Wiley & Sons, 2006.

CMT Level I 2016

CMT level I Exam Reading Assignments:

Bloomberg Visual Guide to Candlestick Charting.
Michael C. Thomsett.
Hoboken, New Jersey: John Wiley & Sons, 2012.

Visual Guide to Elliott Wave Trading.

Wayne Gorman, Jeffrey Kennedy, and Robert Prechter.
Hoboken, New Jersey: John Wiley & Sons, 2013.

Visual Guide to Financial Markets.

David Wilson.
Hoboken, New Jersey: John Wiley & Sons, 2012.

Visual Guide to Chart Patterns.

Thomas N. Bulkowski.
Hoboken, New Jersey: John Wiley & Sons, 2012.

Trading VIX Derivatives: Trading and Hedging Using VIX Futures, Options,
and Exchange Traded Notes.
Russell Rhoads.
Hoboken, New Jersey: John Wiley & Sons, 2007.

Relative Strength as a Criterion for Investment Selection.

Robert Levy.
The Journal of Finance 22, Issue 4, 1967.

Standards of Practice Handbook. 11th Edition.

CFA Institute. 2014.

CMT Level I 2016

What do CMT candidates say about our Study Material?

I have prepared my CMT-1 with a successful result within Alexeys Study Notes, my
own experience was good as the manuals are based entirely on the CMT reading assignments but are worked in a format that divides them in theme blocks; in each
block there is a topic under which all the chapters from all the authors are ensemble
to cover the topic in full; and this makes the material much easier to focus and follow
rather than being jumping from one chapter to another from the all different books.
Each block includes an exam at the end, with the entire past exam questions and a lot
new more; it proves your understanding of the topic and provides you with the practice
for the exam.
A great package for a successful preparation in terms of the manuals and the tutor
Alexey, as he had prepared all the material and is already a CMT charterholder, hence
he shares his experience as part of the preparation process.
On my exam all the questions-topics were covered on Alexeys Study Notes; and all my
doubts during the preparation were answered by him quickly. A great tutor that enjoys
his work and motivates you to keep going, thus I am getting onboard in Alexeys ship
for the level-2 CMT.
Mara Lpez Vzquez
CMT, EFA
Preparation materials for the CMT certificate of Mr. De La Loma are an invaluable aid
to the successful tacking of the official examinations. The clarity in the exposition of
the different issues and the interesting preparation questions, show the author's expertise on the subject.
Iaki Arcocha Torres
CFA, CMT, CIIA, CAIA, FRM
I found the notes were done very professional, I passed with flying colours, and the
best part is the material is condensed dramatically no fluff all fact.
David Waite
CFA
I found myself pick up the material pretty quickly. I have actually read all 4 books on
the CMT level I reading list but honestly, I couldn't comprehend what I read and sometimes was so confused. Your study notes are well-organized, comprehensive yet clearly explained to the details which helped clear all the confusion. Getting your study
notes + practice exams was such a right decision.
Kim Ho
It seems like a mess in my mind after finishing CMT level 1 reading assignments.
However, when reviewing by using Alexey's study notes everything becomes clearer.
All knowledge in four books is systematized carefully by dividing in well-organized
blocks with unforgettable key points. Alexey's notes as well as practice exam have
served me well in CMT level 1 exam and now I am ready for the next level together
with his CMT level 2 materials.
Thuy Nguyen Thu
Alexey De La Lomas CMT material is concise, yet thorough. The combination of text
summaries and practice exams more than adequately prepared me for the exams. I
would certainly recommend it. The material is much harder than the exam so I was
well prepared.
William Skultety
"The study notes and practice exams of Alexey De La Loma helped me a lot, not only
to pass my exam but it also helped me to change my analysis and my trading. This is
good stuff and I usually come back to check it."
Guillermo Martn Chvez

CMT Level I 2016

What do CMT candidates say about our Study Notes?

Alexey De La Lomas study notes and practice exams for the CMT certification is
comprehensive. I have relied only on his study notes to pass the examinations for the
CMT certification. The breadth and depth of reading and knowledge required to gain
the CMT certification is considerable and Alexey De La Lomas study notes cover the
MTA syllabus comprehensively in a clear and succinct manner.
The practice exams books are very relevant and they highly reinforce the material covered. It is probably the best revision aid for the CMT certification on the market. I
would recommend it for anyone perusing the CMT certification as well as those interested in gaining proficiency in T.A., its history and applicability.
Prop trader/market maker for UKs largest prop trading firm
"At first I wasn't very sure if I should take the exam in October as I just had less than 3
weeks to prepare it. Alexey's ultra high quality exam prep and study notes enabled me
to shorten 80% of study time. I got my first level CMT completed and I am now very
confident to achieve my goal to become a charterholder. Without Alexey's test prep
material I wouldn't not have been able to achieve it so fast! For those who are serious
about CMT exam, please make no other choice."
Meng Kei Sou
Passed CMT Level One in October 2014.
"I am pleased to say I passed the CMT Level 1 exam last week and I found the quality
of your materials and particularly the exam questions to be excellent and allowed me
to better prepare myself."
Alasdair Stewart
CFA, FRM, CAIA.
"I have successfully completed CMT Level-1, and I o personally believe that all credit
goes to your study notes and your practice exam paper, because of the way you have
presented everything. It is very simple and easy to understand. Your study notes and
practice exams really cover everything which is required to pass CMT Level-1 and because of that reason I have decided to go for your CMT Level-2 study notes + practice
exams."
Md. Yousuf Al-Amin.
Absolutely spot on! The questions were exam specific which was great and most importantly, they provided a good revision tool instead of re-reading the chapter. They
were some mistakes in the book regarding answers and spelling; but these were very
minor, and I would suggest revising the recent version of the book. The charts were
great and I was impressed by the multitude of charts that were included in this study
material. I experienced no issues with packaging and delivery; and the condition of
the book was fantastic upon arrival. Seeing as the MTA only provide 2 sample exam
papers, I cannot stress how important practice questions are to exam success; therefore, I would HIGHLY recommended Financer Training question books!
Tinashe Dingwiza.
Alexey's CMT material is Wall Street's best kept secret. It is the quintessential source
for CMT preparation. Fortunately for me I stumbled across this website and material
after hours of scouring the internet for some CMT testing material. If you've been looking like I did, look no further, best ROI you can get is right here. More than 1000 questions, and detailed answers to go with it. If you care about passing, this is all you
need.
Gabriel Cocinescu.

CMT Level I 2016

Alexey De La Loma Jimnez

CFA, CAIA, CMT, EFA, FRM, CFTe
Academic Education.

alexey@alexeydelaloma.com

Degree in Mathematics in process. UNED. Expected in 2019.

DEA in Applied Statistics in Business and Economics. UNED. 2012.
Degree in Business Administration. University Carlos III de Madrid. 1997.
Degree in Economics. University Carlos III de Madrid. 1995.

Financial Certifications.
CFTe. Certified Financial Technician. 2015.
CFA. Chartered Financial Analyst. 2013.
FRM. Financial Risk Manager. 2008.
CAIA. Chartered Alternative Investment Analyst. 2008.
EFA. European Financial Advisor. 2008.
CMT. Chartered Market Technician. 2007.

Professional Experience.
From 2001, he has been trading for his own account as a prop trader, and he is
an expert in trading systems, money management algorithms, and technical
analysis. He is currently teaching at some universities and business schools as:
Universidad San Pablo CEU, Universidad Abat Oliba, URJC, IEB, FEF, MEC, and
he also teaches some in-company courses
He started his career in international companies as CLH, Arthur Andersen, Banco de Santander and IBM, with broad international experience (Great Britain,
Italy, Portugal, Chile, Peru, Argentina, and Saudi Arabia).

Training Experience.
Universidad CEU San Pablo (Madrid).
Universidad Rey Juan Carlos (Madrid).
Instituto de Estudios Burstiles (Madrid).
Fundacin de Estudios Financieros (Madrid).
Universidad CEU Abat Oliba (Barcelona).
Money Experts Club (Riyadh).
In-Company Courses: banco Santander, Bankia, R&B PropTraders, Sanabil Investments, XTB, Sistemas Informticos Atlas, etc.

10

CMT Level I 2016

TOPIC 1. THEORY AND HISTORY.

TOPIC 5. TREND ANALYSIS.

TOPIC 9. SELECTION AND DECISION.

..

..

..

1.1. Questions.
1.2. Answers.

5.1. Questions.
5.2. Answers.

9.1. Questions.
9.2. Answers.

TOPIC 2. MARKETS.

TOPIC 6. CHART AND PATTERN ANALYSIS.

TOPIC 10. SYSTEM TESTING.

..

..

..

2.1. Questions.
2.2. Answers.

6.1. Questions.
6.2. Answers.

10.1. Questions.
10.2. Answers.

TOPIC 3. MARKET INDICATORS.

TOPIC 7. CONFIRMATION.

TOPIC 11. STATISTICAL ANALYSIS.

..

..

..

3.1. Questions.
3.2. Answers.

7.1. Questions.
7.2. Answers.

11.1. Questions.
11.2. Answers.

TOPIC 8. CYCLES.

TOPIC 12. ETHICS.

..

..

8.1. Questions.
8.2. Answers.

12.1. Questions.
12.2. Answers.

TOPIC 4. CONSTRUCTION.
..
4.1. Questions.
4.2. Answers.