I just stumbled upon something notable: the Market Technicians Association maintains a study/examination program for certification as a Chartered Market Technician (CMT).
Interestingly enough, this isn’t pure fluff (my initial suspicion, anyway), and while the MTA no doubt derives some monetary benefit from the typically exorbitant examination fees and all the ancillaries (flash cards, test prep, etc.), the NYSE and FINRA actually recognize this as of a couple of years ago as a kind of proxy to the Series 86.
Will any of this benefit you as a private retail forex trader? Maybe you can frame the certificate (if they issue one) on the wall behind your desk to bolster your self-confidence….or in other words, no not really. If you could pass it, however, it would say something about your technical prowess.
Of interest to me were the required reading assignments given as necessary for preparation for the 3 phases of the exam. Master this material and you have the equivalent of NYSE/FINRA-recognized licensure as a research analyst. How that’ll affect the number of pips you take out of the market is anybody’s guess….
