CMT Level II Exam Guide
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Đức NguyễnCMT Level II Exam Guide
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Đức NguyễnChartered Market Technician (CMT) Program – Level II
The CMT Level II exam measures the candidates’ competency in the application of concepts, theory, and
techniques covered by the required readings. CMT Level II candidates must demonstrate their ability to
apply concepts identified in their Level I studies to relevant conditions or scenarios.
Exam time length: 4 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 II exam tests the candidate’s
knowledge in 12 domains:
1. Theory and History
2. Market Indicators
3. Construction
4. Trend Analysis
5. Chart and Pattern Analysis
6. Confirmation
7. Cycles
8. Selection and Decision
9. System Testing
10. Risk Management
11. Statistical Analysis
12. Ethics
CMT – Chartered Market Technician | Level II Page 1
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Listed below is an alternative reading list for the CMT Level II 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.
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 II – Alternative Reading List OR Wiley Custom Curriculum
CMT – Chartered Market Technician | Level II Page 2
CMT Level II 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:
7, 10, 13, 15, 17, 18, 21-23
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:
4, 5
3. Elder, Alexander: The New Trading for a Living, John Wiley & Sons, Inc., c. 2014, ISBN: 978-1-118-44392-7
Chapters:
21-29, 31-39, 46
4. Kaufman, Perry J: Trading Systems and Methods, 5th Edition, John Wiley & Sons, Inc., c. 2005, 2013,
ISBN:978-1-118-04356-1
Chapters:
6-12, 23
5. Aronson, David R.: Evidence-Based Technical Analysis, John Wiley & Sons, Inc., c. 2006, 2007, ISBN-13:
978-0-470-00874-4, ISBN-10:0-470-00874-1
Chapters:
3, 7, 8
6. Nison, Steve: Japanese Candlestick Charting Techniques, 2nd Edition, New York Institute of Finance, c.
2001, ISBN: 0-7352-0181-1
Chapters:
4-9
7. 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:
9-11
8. Faber, Mebane, (White Paper) Relative Strength Strategies for Investing, Cambria Investment
Management, Inc.