CMT Level II curriculum focuses on the practical application of technical analysis concepts, moving beyond the terminology of Level I to measure a candidate's competency in analyzing and interpreting market data. The City University of New York Exam Structure & Core Topics The Level II exam is a 4-hour session consisting of 170 multiple-choice questions
(150 scored, 20 trial). The curriculum is updated annually to reflect current practitioner needs. According to the 2026 CMT Program Guide , key knowledge domains include: CMT Association Theory and Analysis:
Deep dives into Dow Theory, Elliott Wave, and advanced price patterns. Applied Technical Analysis:
Using indicators (momentum, volume, sentiment) to make trading or investment decisions. Quantitative Methods: Applying statistical tools to validate technical signals. Market Indicators:
Analysis of breadth, intermarket relationships, and cycle theory. Selection and Decision Making: Building a systematic approach to asset selection. CMT Association Study Requirements & Resources Time Commitment: CMT Association recommends at least of dedicated study time for Level II. Official Curriculum: The primary source for the exam is the CMT Level II Curriculum
published by Wiley. This is typically provided as a digital e-book (PDF/VitalSource) or physical textbook upon registration. Preparation Strategy:
Candidates often supplement the official text with third-party providers like UWorld | Efficient Learning for practice questions and video lessons. Efficient Learning Key Curriculum Differences (Level I vs. Level II) CMT Level I CMT Level II Definitions and basic tools Analysis and application Exam Length Question Count 132 Questions 170 Questions Study Hours ~100 Hours ~140 Hours Accessing the PDF
The official curriculum PDF is not legally available for free. Access is granted through the CMT Association Member Portal after paying the exam registration fees. You can download a detailed syllabus guide cmt level 2 curriculum pdf
from their website to see the specific chapter breakdowns before purchasing. CMT Association Further Exploration
Review the latest updates on exam weighting and domain percentages in the CMT Program Guide 2026
Learn about the career benefits and designation requirements from the Investopedia CMT Guide Check out the UWorld CMT Resources for study tips and mock exam structures. or weighted percentages for the 2026 exam cycle CMT PROGRAM GUIDE 2026
Chartered Market Technician (CMT) Level II curriculum, published by the CMT Association , focuses on the theory and application
of technical analysis. It bridges the gap between basic concepts (Level I) and professional-grade portfolio management (Level III). CMT Association Core Knowledge Domains & Weighting
The exam tests your ability to apply tools to real-world market scenarios across several key areas: Trend Analysis (15%)
: Master trend lines, moving averages, and multi-timeframe analysis. Chart & Pattern Analysis (15%) CMT Level II curriculum focuses on the practical
: Advanced study of gaps, support/resistance, and complex patterns. Risk Management (15%)
: Focus on volatility, value at risk (VaR), and risk-adjusted performance. Selection & Decision Making (10%) : Using relative strength and non-correlated assets. System Testing (10%) : Building and optimizing algorithmic trading systems. Market Indicators (8%) : Breadth, sentiment, and index construction. Statistical Analysis (7%) : Inferential statistics applied to market data. 2025-2026 Exam Details The Level II exam format is standardized for candidates: CMT Association Frequently Asked Questions - CMT Association
The official curriculum is divided into several learning modules. According to the latest CMT Association syllabus, the Level 2 PDF includes the following critical domains:
While the emphasis might vary, the CMT Level 2 curriculum also covers Science and Social Studies:
For candidates pursuing the Chartered Market Technician (CMT) designation, Level 2 represents a significant escalation in both theoretical depth and practical application. While the Level 1 exam establishes the vocabulary of technical analysis, Level 2 requires candidates to apply that vocabulary to real-world scenarios. At the heart of this preparation is the CMT Level 2 Curriculum PDF, the primary resource for mastering the necessary competencies.
Here is a detailed breakdown of what the curriculum entails, how it is structured, and how candidates can best utilize the digital format for exam success.
The CMT Level 2 curriculum is the official body of knowledge published by the CMT Association. It bridges the gap between introductory concepts (Level 1) and portfolio management/mastery (Level 3). Level 2 focuses heavily on integration—specifically, how to apply technical analysis tools to real trading and investment scenarios. Covers all 7 exam topic clusters , including:
While the CMT Association formerly partnered with Wiley for print textbooks, the program has shifted toward a digital-first model. Today, the CMT Level 2 curriculum PDF is typically delivered through the CMT Association’s official online learning portal. Candidates who register for the exam gain access to downloadable readings, charts, case studies, and practice questions.
CMT Level 2 emphasizes application, advanced techniques, and integration of multiple technical tools. Topics are commonly grouped into these domains:
Advanced Technical Analysis
Indicators and Oscillators — Advanced Use
Trading Systems and Money Management
Risk Management and Behavioral Finance
Market Structure and Macro Intermarket Analysis
Advanced Charting & Pattern Recognition
Ethics, Professional Standards, and Case Studies