MTA's CMT or IFTA's CFTe

[shortthelows]

Quote from nazzdack:

1) Oh God! Old thread alert! Old thread alert! :eek:
2) Just because new credential designations have been created recently doesn't give them "value". When was the last time you heard of somebody bragging about hiring a "CMT"?.......Yah, I thought so.
3) Does David Keller's technical commentary have "impact" because he is "right on the market" or merely because he has an obedient audience of customers at Fidelity who obey his every command?

1) Didn't look at the date. But someone posted before I did, so I didn't resurrect this thread
2) When was the last time you heard someone brag about a CFA, MBA, CMT, PHd? Do they make money, is the only question that should be asked.
3) I don't know nor do I care. I was just making the point that someone who holds such a position has their CMT which to me, means there is some value in it.

 

[senaka77]

Quote from nazzdack:

1) Oh God! Old thread alert! Old thread alert! :eek:
2) Just because new credential designations have been created recently doesn't give them "value". When was the last time you heard of somebody bragging about hiring a "CMT"?.......Yah, I thought so.
3) Does David Keller's technical commentary have "impact" because he is "right on the market" or merely because he has an obedient audience of customers at Fidelity who obey his every command?

My 24 year old brother completed CFTe part 1/11 during the last summer. Within three weeks he got job offers from top tier companies such as JBWere (Goldman Sachs), Macquarie Bank and half dozen of hedge funds in Australia. He joined JBWere with a 1st year pay packet of $120000+bonuses. Considering he had no industry experience and just out of the College with an ordinary Economics degree, CFTe and CMT have it's place among the big boys.

 

[AcedUp]

Hi guys

My first post, so better make it count eh

There are companies out there that require such requisites such as MSTA (Society of Techical analysts).

An MSTA allows one to be exempt from CTFe part 2

So surely, a CTFe is recognised if the big players like 'HSBC' require the applicant to have an MSTA Diploma. The posting was Technical Analyst in HSBCs Market Research and Analysis team in London..

Technical Analysis is a big part of how these traders work, to suggest otherwise is like telling BMW the research they have spent and conducted over the years is horse manure... Which I think would amount to outright arrogance on the individuals part.

TA may not necessarily work for you, but it does work for others. I dnot really like fundamentals, but they are important...depending on how you trade.

Can I post this link, as many fundamentalists in my opinion should watch:

http://www.youtube.com/watch?v=T69TOuqaqXI

Im not saying im perfect, I have come to realise that I too can be close minded when least expected.

 

[gtizzle101]

Quote from exaltedangel09:

^This post and the post above me shows that you guys have no clue what your talking about.
No one said the CMT replaces the CFA.
Hell most CMT guys HAVE CFAs.

The CMT program is not all about 'wave counts'. Only for the LVII exam do you have to read Pretchner's book, and it's only 1 out of dozens that you have to read. The Chartered Market Technician (CMT) program offers a structured approach to study technical analysis and ensure all key areas are covered. The CMT can help to open doors that may lead to job opportunities. The CMT demonstrates to Wall Street that you are a professional in the field of technical analysis. For those seeking a more traditional Wall Street analyst job, passing the first two CMT exams provides a significant step towards the Registered Research Analyst designation from FINRA.

Most of the material is as follows:
1.Theory and History
2. Markets and Market Indicators
3. Construction
4. Trend Analysis
5. Chart and Pattern Analysis
6. Confirmation
7. Cycles
8. Selection
9. System Testing and Money Management
10. Ethics

As mentioned before, it's a lot of material.. It's no CFA, but all 3 Levels will probably require 500 hours of studying. the CFA requires 900 (300 per level), so it's still A LOT.

The real technicians do not post on this board. Do you know why? We are not allowed to & the CMT has it's own FORUM..

Your a joke. No one takes YOU seriously.

enjoy your hindsight analysis you clown

 

[gtizzle101]

Quote from samuelhogg:

From the 2011 CFA Level 1 curriculum:

Study Session 3
Reading 12: Technical Analysis
The candidate should be able to:
a. explain the principles of technical analysis, its applications, and its underlying assumptions;
b. discuss the construction and interpretation of different types of technical analysis charts;
c. demonstrate the uses of trend, support, and resistance lines, and change in polarity;
d. identify and interpret common chart patterns;
e. discuss common technical analysis indicators: price-based, momentum oscillators, sentiment, and flow of funds;
f. explain the use of cycles by technical analysts;
g. discuss the key tenets of Elliott Wave Theory and the importance of Fibonacci numbers;
h. describe intermarket analysis as it relates to technical analysis and asset allocation.

Still embarrassed to utter things you read here like "wave counts"?

lol i took the exam, proudly skipped the entire TA section saving me hours of useless info. cfa has two sections morning and afternoon. i think there was only 3 or less Qs. grow up

 

[gtizzle101]

Quote from shortthelows:

Sounds like the OP really wants to know the answers to the questions he asked because he wants to perhaps go that route, then Nazz comes in with his opinion and then all of a sudden TA is a joke.

Your first post shows you have a real interested in TA, or you wouldn't be reading the TA threads.

But Like Nazz said I have only heard of the CMT which IMO it would be the better one to have (but take that for what its worth). Also a lot of people are turning to TA since fundamental analysis has really failed them in the past.

Ask David Keller (Managing Director of Research for Fidelity Investments) if his CMT is useless or if anyone knows what the letters mean after his name.

david keller's job exists becuase idiots like you want his research. Financial services is all about selling securities and services and research.

Ask david keller if he makes an equivalent salary and compensation as an MD at a fund, bank, etc. Yea no shot.

 

[aknaya1]

Quote from gtizzle101:

david keller's job exists becuase idiots like you want his research. Financial services is all about selling securities and services and research.

Ask david keller if he makes an equivalent salary and compensation as an MD at a fund, bank, etc. Yea no shot.

No David Keller's job exists because he and his department help the portfolio managers at Fidelity make the best decisions about which stocks to invest in.

That's what a technical analyst does.

 

[Vncvr-Trader]

I've been working on my CFA for a couple years now, 2 tries to get L1 done and now onto L2....I am currently working as a sales-trader and am now trying to decide what my best route is for education. Would you continue to try to get the CFA designation or move over to the CMT, for which I also have the L1 completed.
As an equities trader the CFA seems to have alot of information but nothing too applicable to day-to-day work. I'm trying to determine if the CFA is prestigious enough to help me if I'm already in a trading role or if the CMT would be more applicable and help my career more, I also think the CMT is a bit more achievable for me so the extra year or two for the completion of the CFA is another reason I'm rethinking my plan....any advice would be really helpful!

thank you

 

[gtizzle101]

Quote from Vncvr-Trader:

I've been working on my CFA for a couple years now, 2 tries to get L1 done and now onto L2....I am currently working as a sales-trader and am now trying to decide what my best route is for education. Would you continue to try to get the CFA designation or move over to the CMT, for which I also have the L1 completed.
As an equities trader the CFA seems to have alot of information but nothing too applicable to day-to-day work. I'm trying to determine if the CFA is prestigious enough to help me if I'm already in a trading role or if the CMT would be more applicable and help my career more, I also think the CMT is a bit more achievable for me so the extra year or two for the completion of the CFA is another reason I'm rethinking my plan....any advice would be really helpful!

thank you

CMT is a joke don't bother, CFA and MBA are compliments for each other, both excellent routes to go. The fact about trading is you don't need any designations, you just need to be a good trader. If I were you I would try to get out of trading and maybe try to get into an analyst roll for a PM, or move into investment banking then go into PE.

 

[steoli]

Everyone thinks that they are joining a team... The Fundamental vs Technical... Nonsense!!!!

I've been working in the investment banking for almost 12 years, and if you're a CMT or CFA doesn't matter most, just get those stocks in the clients portfolio...

Technicals ride the short-term and fundamentals rules the long-term.

The market trend is Earnings and block trading!!!!!!

There isn't a right side for the fundamentals or technicians, there is only the right side of the market...

You should master both, so you can get the best fundamentals in the correct timing... the best of both worlds.

And if you think you'll be a trader by taking the CMT and CFA, just forget it... It takes more than that... But time will answer that for you guys....

Cheers,


Steoli

http://profit.ly/user/steoli