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Are candidates required to memorize ALL formulas contained in the required readings?

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Are candidates required to memorize ALL formulas contained in the required readings?

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Candidates do not need to memorize ALL formulas; however, a solid understanding of technical indicators such as moving averages and oscillators does require a working knowledge of the formula used to calculate the indicator. Therefore, candidates should memorize the formulas used to construct most widely used technical indicators. The exam does not cover programming of various technical software platforms and any detailed formulas used in constructing trading systems need not be memorized.

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