The three exams
Study hours are the CMT Association's suggestion for candidates with a degree and relevant work experience.
| Level | Theme | Format | Suggested study |
|---|---|---|---|
| Level I | Foundational principles | 132 multiple-choice (120 scored), 2 hours | 80-120 hours |
| Level II | Applying technical methods | 170 multiple-choice (150 scored), 4 hours | 100-140 hours |
| Level III | The work of a technical analyst | Grouped items, mostly short answer, 4 hours | 120-160 hours |
Step by step
- Enroll in the CMT Program (a one-time enrollment fee, US$250 in 2026).
- Register for Level I in a June or December window. Register early: fees rise from the early to the standard and late windows.
- Study the official curriculum included with registration, then practise exam-style questions and timed mocks.
- Sit the exam at a Prometric test center or by ProProctor remote proctoring.
- Pass Level I, then Level II, then Level III, one level per window.
- Apply for CMT Association membership with sponsor references and meet the work-experience requirement to use the designation.
What it costs
In 2026 the CMT Association listed exam registration at about US$875 in the early window, US$1,075 standard and US$1,475 late, per level, with the official curriculum included, plus the US$250 enrollment fee. Some firms and academic partners get reduced rates. Budget roughly US$3,000 to US$5,000 for all three levels, depending on when you register. Always check the current fees on the CMT Association website.
See where you stand in 10 minutes
Take the free CMT Level I practice test. 15 questions, every answer explained.
Waivers and fast tracks
CFA charterholders can apply to waive Level I and start at Level II. Waiver rules can change, so confirm on the CMT Association website before you plan around one.
How to study
- Read the curriculum chapter, then do practice questions on that topic the same week.
- Drill formulas and default indicator settings with flashcards every day.
- Take at least two full timed mock exams before the real one.
- For Level III, practise writing short answers: a number, a one-line calculation and one sentence of reasoning.
Frequently asked questions
How long does it take to become a CMT?
Usually 18 months to 3 years. Exams run twice a year and you can sit one level per window, so passing every level first time takes at least 18 months from your first exam.
Is the CMT worth it?
It's the recognized credential for technical analysts and is valued in trading, research and portfolio roles. It also signals discipline in risk management and ethics.
Can I take the CMT exams online?
Yes. Exams are offered at Prometric test centers and by ProProctor remote proctoring.
What is the pass mark?
The CMT Association doesn't publish a fixed passing percentage. Aim for 70% or more in timed practice before you sit.
Official sources
Practice tests for these certifications
CMT Level I Exam (Chartered Market Technician)
The first of three exams for the Chartered Market Technician charter.
CMT Level II Exam (Chartered Market Technician)
The second CMT exam moves from knowing the tools to applying them: reading charts and indicators together, testing systems, measuring relative strength and managing risk.
CMT Level III Exam (Chartered Market Technician)
The capstone CMT exam, "The Work of a Technical Analyst". Groups of linked items combine two or more knowledge domains: you build an analysis, justify it in writing and manage the position's risk.
This guide is general information, checked October 2026, not legal advice. the CMT Association rules change; confirm with the CMT Association before you apply.
