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CMT = Chartered Market Technician® The Acronyms of TAM* – Part 3Submitted by Townsend Asset Management Corp. on October 21st, 2016
*Townsend Asset Management
The string of acronyms/initials following Gerald’s name has been the focus of two previous articles. We have delved into the rigors of becoming a CPA® (Certified Public Accountant, CFA® (Chartered Financial Analyst) and CFP® (CERTIFIED FINANCIAL PLANNERTM.) Now it’s time to zoom in on the final set: CMT (Chartered Market Technician®.)
The credential of Chartered Market Technician® (CMT) is earned by individuals who master the method of technical analysis in evaluating securities and making investment decisions. A technical analyst focuses on the price movements of the market, and in particular supply and demand. The aim is to forecast the direction or trend for the future. This is in contrast to the method of fundamental analysis in which characteristics of a company are scrutinized in order to discern its value.
In order to become a CMT, Gerald had to become a Member of the Market Technicians Association (MTA) and pass three levels of examinations covering 12 subjects. Some of these topics include Chart Development & Analysis, Technical Investment Strategies, Statistical Analysis, Risk Management, Volatility Analysis and Ethics & Standards of Practice. As a CMT, Gerald has agreed to uphold the MTA Code of Ethics which details the highest standards of professional conduct.
It’s important to know that all these acronyms really do stand for something and are achieved only after successful completion of rigorous study and testing.
Bonnie Mole is Client Service and Communications Manager at Townsend Asset Management Corp., Raleigh, North Carolina. Email: Bonnie@AssetMgr.com