Book List For The Chartered Market Technician (CMT)
By Galen Woods ‐ 4 min read
A resource article for candidates of the Chartered Market Technician (CMT). Links to each book with a review note for all three levels of the CMT test.
You have just signed up for the next Chartered Market Technician (CMT) test. You should spend your time studying hard for it. You should not waste time piecing bits of information together to find your study materials.
Let us help all aspiring Chartered Market Technicians with this one-stop resource page. Read on even if you are not enrolled in the CMT program, as this book list is also useful for any student of technical analysis.
Overview of CMT Reading Materials
Update 21 August 2017: The CMT Association has published books that cater to CMT examination preparation.
>> Click here to see the books on Amazon. <<
Hence, the reading list below does not apply directly to the CMT examinations now.
Nonetheless, they are still relevant for any serious student of technical analysis.
This might be a good time to join Amazon Prime which gives you unlimited two-day free shipping without minimum order size.
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CMT Level 1
| Title | Note |
|---|---|
| CMT Program Level 1 Reading Assignments (No longer applicable.) | Print it out and use it as a guide for your CMT preparation. |
 | For CMT Level 1, focus on the chart patterns. |
 | This is a comprehensive guide to technical trading. Although the scope might be intimidating, remember that CMT Level 1 focuses on defining technical analysis concepts. Application and integration are for more advanced levels. |
 | Pay attention to volume analysis, sentiment indicators, and cycle analysis. |
 | This book is as good as it claims. However, the topics covered in CMT Level 1 are basic and you can learn them with free resources online. |
CMT Level 2
| Title | Note |
|---|---|
| CMT Program Level 2 Reading Assignments (including MTA Code of Ethics) | Print it out and use it as a guide for your CMT preparation. |
| The scope for CMT Level 2 is narrower and covers miscellaneous topics. |
| Elliott Wave Principle: Key To Market Behavior | This is the definitive guide to Elliot Wave Principle. |
 | A more quantitative view on technical analysis. |
| The scope of this book for CMT Level 2 is smaller because the focus is on the application. |
 | Steve Nison is a candlestick expert and his book is a worthwhile investment. However, CMT Level 2 covers only the basic candlesticks topics, which you can learn them from free online resources. |
 | Psychology is an important but often neglected topic in technical analysis. |
| CMT Level 2 covers specific topics like sector rotation, cycles, and automated trading systems. |
| Excerpt from Technically Speaking | Free resource provided by Traders Press Inc. |
 | A very technical book. But not to worry, there are only 4 chapters to cover. |
| CMT Level 2 delves into the advanced Point & Figure techniques in this definitive guide. |
CMT Level 3
| Title | Note |
|---|---|
| CMT Program Level 3 Reading Assignments (including MTA Code of Ethics) | Print it out and use it as a guide for your CMT preparation. |
 | This book covers some advanced concepts of technical analysis, including periods for oscillators, and reverse engineering of indicators. |
| This is the third time you are reading this book. Try integrating the concepts. |
| Elliott Wave Principle: Key To Market Behavior | You have already read half the book. Finish it and become an Elliot Wave pro. |
 | The reading assignments in this book are taxing but interesting to read. |
 | Inter-market analysis has become extremely important with increasing globalization. |
| The focus is on integrating candlesticks with other analysis, including candles with moving averages. |
Do I need to buy every single book for the CMT program?
The short answer is no. You do not need to buy every single book. But you do need to read them.
You can try to borrow the books from your friends and your library, or rent them. You can also look out for past candidates in trading forums, and borrow or buy the books from them. A different edition is not fatal, but make sure that you are reading the right chapters as the chapter numbers might have changed.
However, I recommend that you buy at least the 5 books needed for more than one level of CMT assessment. This bundle of books (listed below) is not only a time-saver but also a set of excellent reference material.
| Title |
|---|
|
| Technical Analysis: The Complete Resource for Financial Market Technicians (2nd Edition) |
|
| Elliott Wave Principle: Key To Market Behavior |
|
I hope you find this article useful. And I wish you all the best for your CMT examinations.
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