CMT Level 1 Overview
CMT Level 1 is the gateway to the CMT Program. It tests foundational knowledge of technical analysis through 132 multiple-choice questions in 4 hours.
For the full program overview, see the CMT exam guide 2026.
Topic Weights
| Topic | Weight | Key Study Areas |
|---|---|---|
| Chart Patterns | 20% | Reversal, continuation, volume |
| Technical Indicators | 20% | RSI, MACD, Bollinger, stochastic |
| Theory & History | 15% | Dow Theory, Elliott Wave |
| Market Breadth | 15% | AD Line, McClellan, TRIN |
| Statistical Analysis | 15% | Mean, std dev, correlation |
| Ethics | 15% | Code of Ethics, duties |
Recommended Study Timeline (4 Months)
| Month | Focus | Hours |
|---|---|---|
| Month 1 | Read curriculum, build notes | 25–30 |
| Month 2 | Deep study of high-weight topics | 35–40 |
| Month 3 | Practice questions, identify weaknesses | 35–40 |
| Month 4 | Mock exams, review, ethics | 25–30 |
Top 10 Study Tips
- Start with Dow Theory — it's the foundation for everything else
- Memorize indicator formulas — RSI, MACD, stochastic calculations will be tested
- Practice chart patterns on real charts daily
- Use flashcards for definitions and key terms
- Don't neglect ethics — it's the easiest 15%
- Study market breadth indicators thoroughly
- Know statistical formulas — standard deviation, correlation coefficient
- Take timed practice tests weekly starting month 3
- Review every wrong answer — understand why you were wrong
- Use mind maps for visual topic review
Level 1 Question Format
Questions test recognition and recall:
- "Which of the following best describes..."
- "The RSI formula includes..."
- "This chart pattern is a..."
Chart exhibits may accompany questions — practice interpreting charts with indicators.
Start practicing with our 8,000+ questions. Full guide: CMT exam 2026.
CMT Level 1 — Competency Areas & Expected Mastery
Target proficiency level for each domain to achieve a passing score