CMT Level 1 Overview
CMT Level 1 is the gateway to the CMT Program. It tests foundational knowledge of technical analysis through 132 multiple-choice questions in 2 hours.
For the full program overview, see the CMT exam guide 2026.
2026 Knowledge Domain Weights
| Official Domain | Weight | PassCMT Study Areas |
|---|---|---|
| Theory and History | 38% | Dow Theory, market principles, behavioral finance |
| Classical Techniques | 33% | Chart patterns, technical indicators, breadth, cycles |
| Advanced Techniques | 26% | Statistical analysis, volatility, systems, risk principles |
| Ethics | 3% | Code of Ethics, duties, professional standards |
Recommended Study Timeline (4 Months)
| Month | Focus | Hours |
|---|---|---|
| Month 1 | Read curriculum, build notes | 25–30 |
| Month 2 | Deep study of high-weight topics | 35–40 |
| Month 3 | Practice questions, identify weaknesses | 35–40 |
| Month 4 | Mixed practice, review, ethics | 25–30 |
Top 10 Study Tips
- Start with Dow Theory — it's the foundation for everything else
- Memorize indicator formulas — RSI, MACD, stochastic calculations will be tested
- Practice chart patterns on real charts daily
- Use flashcards for definitions and key terms
- Don't neglect ethics — it's the easiest 15%
- Study market breadth indicators thoroughly
- Know statistical formulas — standard deviation, correlation coefficient
- Take timed practice tests weekly starting month 3
- Review every wrong answer — understand why you were wrong
- Use mind maps for visual topic review
Level 1 Question Format
Questions test recognition and recall:
- "Which of the following best describes..."
- "The RSI formula includes..."
- "This chart pattern is a..."
Chart exhibits may accompany questions — practice interpreting charts with indicators.
Start practicing with our 8,000+ questions. Full guide: CMT exam 2026.
CMT Level 1 — Competency Areas & Expected Mastery
Target proficiency level for each domain to achieve a passing score