What are the common mistakes failing candidates generally make on the exams?
• Level 1 – As this level of the exam is relatively straightforward, it appears that unsuccessful candidates have not sufficiently familiarized themselves with the material covered. Many candidates overlook studying the MTA Code of Ethics as they spend all their study time on the assigned textbooks. Ethics is an important part of all three levels of the CMT exam process. • Level 2 – At this level unsuccessful candidates appear not to have developed as complete an understanding of technical analysis as is required. Candidates should understand how various indicators are constructed and how this impacts the interpretation of the indicator. One common mistake is confusing similar terms such as RSI and relative strength. • Level 3 – Unsuccessful candidates at this level have not been able to produce coherent essays supporting a technical opinion using multiple technical tools. When answering level 3 questions, consider the style and quality of research reports produced by practicing CMTs.
