CMT Program

CMT Level III

Remote proctoring will be available for all upcoming test administrations, with strict requirements. You can find more information about remote proctoring here.

Registration for the CMT Level III exams is currently closed.

Registration Periods

Early registration

Standard registration

Late registration

Registration Fees

$625

$825

$1,225

Additionals Fees

Curriculum: $275+

2024 Exam Administrations

Information

Level III tests the candidate’s ability to integrate his or her understanding of the concepts identified in Level I with the practical application learned in Level II. The exam is four hours long, and consists of a combination of short-answer essay questions and multiple-choice questions.

As of January 2019, the CMT Association has discontinued its membership requirement for CMT exam candidates. You may still choose to become an affiliate member before enrolling in the CMT Program, but it is no longer required.

For additional information about the CMT Level III Exam, please consult the combined Exam Information and Learning Objective Statements document below for selected sample questions and a brief overview of the exam structure, as well as the Learning Objectives. This document is not meant as a study guide; rather, it is offered to acquaint you with the style and format of the exams.

CMT LEVEL III EXAM INFORMATION & LOS

Curriculum

Both the June and December 2024 CMT Exam Administrations will use the 2024 edition of the CMT Curriculum, published by UWorld in partnership with the CMT Association.
You can find more information on third-party test preparation materials by visiting our Approved CMT Program Test Prep Providers page.
You can purchase the most recent edition of the CMT Curriculum from UWorld at the link below.
PURCHASE CURRICULUM

Special Offers for CMT Program Candidates

Along with free access to Optuma, the most advanced Technical Analysis application, you can also get access to the CMT Level I prep course candidates are raving about for FREE.

ACT NOW to get your CMT Level I Prep course for free.

The Optuma CMT Level I Course provides you with:

  • Over 15 hours of detailed video instruction
  • Notes for each lesson
  • Access to a private forum where you can ask questions to a qualified CMT expert
  • 4 Practice exams
  • Technical Analysis Glossary— all the definitions you need for CMT Level I and CMT Level II
  • Indicator List— all the indicators you need to know about
  • Knowledge Domains by Chapter— a critical resource in the final weeks before the exam.

You will have everything you need to pass the CMT Level I exam!

This an exclusive benefit to CMT Candidates studying for the Level I, II, and III exams, TrendSpider has generously made their new type of charting, technical analysis and trading platform available to all current CMT exam registrants for 6 months for free!

To opt-in to this service, please register via the below link:

As an exclusive benefit to CMT Candidates studying for the Level I, II, and III exams, Nasdaq Dorsey Wright has generously made their technical research platform available to all current CMT exam registrants (regularly $399/month).

Founded on the concepts of technical analysis and Relative Strength, Nasdaq Dorsey Wright’s research platform helps you develop an objective, rules-based process for making smarter investment decisions. Your subscription to the NDW platform gives you access to the following:

A comprehensive daily report prepared by NDW’s in-house team of technical analysts that provides timely market insights and actionable ideas A tactical, relative strength asset allocation guide, our Dynamic Asset Level Investing Tool (DALI).

Over 100 turnkey guided stock, mutual fund, and exchange traded fund (ETF) models that can be used to actively manage portfolios according to our methodology. The models can be used to gain access to the broad markets, specific asset classes, sector rotation strategies, and other specific subsets of the market.

A complete custom modeling solution that allows you to build, test, and manage custom Relative Strength strategies, a database of trend and relative strength Point & Figure charts for over 50,000 stocks, ETFs, mutual funds, and more. Includes indicators, and rankings for analyzing opportunities and holdings.

Transparent and straightforward security ratings based on proven technical analysis concepts and designed to increase your odds of success over time.

NDW PLATFORM APPLICATIONS
Tactical Asset Allocation

Determine the broad technical outlook of the market to focus portfolio allocations within areas of Relative Strength.

Model Marketplace & Portfolio Construction Tools

Use one of NDW’s 100+ turnkey strategies or use the Model Builder functionality to test and create custom strategies.

Risk Management

Email alerts allow you to stay informed of changes in the technical outlook of a security, portfolio, or the market as a whole.

Knowledge Domains

CMT 2024 Level III
This chart illustrates the Knowledge Domains covered by the CMT Level III exam. Click on each domain to view sub-domain topics covered in each domain area.
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Learning Objectives

A list of Learning Objectives appears at the beginning of each chapter in the text. These are intended as a guide to the most important concepts discussed in the chapter. An effective study method is to read the Learning Objectives as an introduction to a chapter before beginning study of the chapter. After completing the chapter, review the Learning Objectives again and write a few sentences that demonstrate competence on that topic.
For those interested in reviewing the most recent exam information and learning objectives before purchasing the 2024 curriculum, you can do so here:
LEVEL III EXAM INFO & LEARNING OBJECTIVES

Code of Ethics

An integral part of the CMT Association’s mission is to establish, maintain, and encourage the highest standards of professional competence and ethics among our membership. As such, CMT Association members must abide by the Code and Standards and are encouraged to notify their employer of this responsibility. Violations may result in disciplinary sanctions by the CMT Association. Sanctions can include revocation of membership and the right to use the CMT designation.

Candidates should know that all three levels of the CMT Program include questions pertaining to the Code and Standards. Below you will find a link to the Code and Standards from the CFA Institute which have been licensed by the CMT Association on behalf of its members. All references to “CFA Institute,” “members,” “candidates,” “CFA Program,” etc. in the Code and Standards should be read to apply to the CMT Association and its members, candidates, programs, etc.

When preparing for the CMT exams, candidates are encouraged to review the Standards of Practice Handbook. According to the CFA Institute, “the Standards of Practice Handbook grounds the concepts covered in the Code and Standards for practical use. You can use this handbook for guidance on how to navigate ethical dilemmas you might face in your daily professional life.” Reviewing the Handbook provides candidates with a comprehensive study process and commensurate preparation for professional practice.

Code of Ethics and Standards of Professional ConductStandards of Practice Handbook