The CMT Level II exam is a challenging test of technical analysis skills and knowledge. It covers topics such as trend analysis, chart patterns, indicators, intermarket analysis, behavioral finance, risk management, and trading system design. The exam consists of 170 multiple-choice questions, of which 150 are scored and 20 are unscored. Candidates have four hours to complete the exam.
To pass the CMT Level II exam, candidates need to study hard and practice a lot of questions. Here are some tips and resources to help you prepare for the exam:
Review the CMT Level II curriculum and learning outcomes. The curriculum is based on the CMT Association's official body of knowledge and covers six domains: Principles of Technical Analysis, Ethics and Standards of Practice, Chart Analysis, Trend Analysis, Pattern Recognition Analysis, Technical Indicators and Oscillators, Trading System Design and Testing, Intermarket Analysis, Behavioral Finance and Volatility Analysis. The learning outcomes describe what candidates are expected to know and do in each domain.
Read the recommended textbooks and articles. The CMT Association provides a list of recommended readings for each domain of the curriculum. These include textbooks by prominent authors such as John Murphy, Martin Pring, Thomas Bulkowski, Alexander Elder, Van Tharp, and others. These readings provide comprehensive coverage of the theory and practice of technical analysis.
Take practice exams and quizzes. The CMT Association offers a free online practice exam for CMT Level II candidates. The practice exam simulates the format and difficulty of the actual exam and provides feedback on your performance. You can also purchase additional practice exams and quizzes from third-party providers such as AnalystPrep, Wiley, Kaplan Schweser, etc. These practice tests help you assess your strengths and weaknesses, identify gaps in your knowledge, and improve your test-taking skills.
Join a study group or a mentorship program. Studying with others can help you stay motivated, exchange ideas, clarify doubts, and learn from different perspectives. You can join a local or online study group through the CMT Association's website or social media platforms. You can also enroll in a mentorship program offered by the CMT Association or other organizations. A mentor can provide you with guidance, feedback, support, and encouragement throughout your preparation.
Plan your study schedule and stick to it. The CMT Level II exam requires a lot of time and effort to master the material. You should plan your study schedule well in advance and allocate enough time for each domain of the curriculum. You should also review your progress regularly and adjust your plan as needed. You should aim to finish your study at least a month before the exam date and leave enough time for revision and practice.
The CMT Level II exam is a rewarding but challenging milestone in your technical analysis career. By following these tips and using these resources, you can increase your chances of passing the exam and earning the prestigious CMT designation. 29c81ba772