CMT From MTA

Hello all the senior people here!
I am interested in pursuing CMT from The Market Technicians Association.I haven't come across on any information regarding there Indian Chapter. I am a bit clueless about the whole thing. Is there someone form Traderji who can help me or rather guide me how to go about things.
All the help will be much appreciated.
Thanks and Regards,
mbh

If you want to learn Technical Analysis then MTA is the best organisation. I shall make a detailed post on this tomorrow.

I do not now how much value the CMT certificate holds though in the recruitment process in the Indian scenario. The MTA members in India does not seem to have formed an Indian Chapter yet. The reason obviously being lack of qualified people.

Browse their website well. Ask Marie Penza for the contact info of Indian members. You'll get a glimpse into the professional world.

(http://www.mta.org)

Trader111
Hi and thanks for the quick reply.Yeah I did write to them but met with no response.In thier website they did have a phone number in Gurgaon and thats about it. Anyway that number also is not in use anymore so I drew a blank

One Mr.Amarjeet Singh of Bombay is in the process of creating a MTA India chapter.

I'm in level III. What exactly would you like to know?

Oxusmorouz
Hi and thanks for the info. I want to join CMT and would like to know:
How do I join?
Where do I pay my membership fee?
Where do I get to take my exams?
In short I want to know which is the route I am going to take to enroll and get started!!!
Regards

Open the MTA website, click join now, and fill in the required details for affiliate membership.

You can pay it through internet or by telephone. Their phone no is 646-652-3300, US extension.

Exams are conducted through Prometric and are computer based. There is usually a Prometric test center in major cities.

As trader_111 mentioned, the best route is to contact the MTA staff and get any detail you want to know cleared, before you register.

Surprising. They usually reply within a couple of hours in the night. Did you write it to marie@mta.org or tim@mta.org?

yeah i did write to tim.that was on 4th May sadly no response.now on your recommendation forwarding the mail to marie..lets see may be I get lucky this time!
Thanks for Your quick response!!!
Regards

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.

Hi Oxy .... i want to know wht we can do if we cleared all the levels....i mean .. is this for getting job in US hedge funds or etc.. just require bit of explanation if time permits u....

regards

chintan