If you want to learn Technical Analysis then MTA is the best organisation.
See the major problem learning Technical Analysis (TA) is the snake-oil vendor society. Even on this forum you must have seen lot of controversies because of people claiming tips or technical setups/ fundas. For eg. someone tells you a method to trade using MACD, you loose money and obviously you are irked. I see a
lot of people go fed up over technical analysis. The problem here is that we don't have any standards defined for TA. You won't go for eye surgery to a pharmicist, howsoever nice he may sound; you'd look for an MBBS+PG. Like in any other profession we obviously need standards for technicians. The MTA has worked hard for it. It has on board people like
John Murphy,David Aronson,
John Bollinger,
Robert Pretcher, Steve Nisson etc.
About Market Technician Association : The MTA enforces high standards of professional ethics and expertise on its members. Almost half of its members are analysts working at esteemed positions in the finance industry. A good number are professional traders at instituitions. Long back in 80s when TA was not recognised as a standard method for price analysis the MTA had its elite members to support for the validity of TA. In February 2005, the U.S. Securities and Exchange Commission recognized levels 1 and 2 of the CMT exam as an alternative to the Series 86 Examination.
MTA Membership: Being an affiliate with MTA helps you to connect to its vast network of professionals, seminars, updates in the field and Chapter activities. The MTA takes great care to enforce education directed twowards 'understanding of markets' rather than spoon fed trading setups. Among other benefits it's library contains about 4000 books of interest. It is in the process of being merged with the
Baruch Library . I was living in NJ for a while and had a friend mailing books to me. Once their library goes online there will be 50 people joining in from my reference alone! Also I should add they have highly discounted fees for college students.
The Chartered Market Technician (CMT) Exam: Like I said earlier the education is directed twowards 'understanding of markets' rather than spoon feeding trading setups. The Level-3 exam particularly takes care of that.
Job Prospects: I have lived in Delhi for sometime. I visited Indiabull's research centre at Gurgaon, SMC's at Karol Bagh, BLB's at ITO etc. They keep looking for technical analysts and are happy to find CFAs and MBAs. They'll certainly consider CMT as well. But!
Joining them would be a pity for a CMT member. One shall better look for hedge funds or instuitional prop desks. Someone who's working for a hedge fund may better comment. Many MTA members after gaining experience end up with their own firms!
PS: Do visit the embedded links.
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Disclaimer: This is not a commercial propaganda in any sense. The MTA is a non-profit professional organisation. I do not claim to be member/associate of MTA in any form. The information given hereby is collected from the MTA website availabe for public view.
. Is there someone form Traderji who can help me or rather guide me how to go about things.
