Examinations
Passing the CFTe I and CFTe II culminates in the award of an international professional qualification in Technical Analysis. The exams are intended to test not only your technical skills knowledge, but your understanding of ethics and the market.
Level I: This multiple-choice exam consists of 120 questions covering a wide range of technical knowledge, but usually not involving actual experience. Previous exams are unavailable, but sample questions are included with the Syllabus and Study Guide (CFTe I). This exam is offered in English, French, Italian, German, Spanish, and Arabic, year-round, at testing centers throughout the world through Pearson VUE, IFTA’s computer-based testing provider.
Level II: This exam incorporates a number of questions requiring an essay based analysis and answers. For this, the candidate should demonstrate a depth of knowledge and experience in applying various methods of technical analysis. The exam provides a number of current charts covering one specific market (often an equity) to be analysed, as though for a Fund Manager. In preparation for the exam, candidates should review the Syllabus and Study Guide (CFTe II). Previous exam papers are available on receipt of application and fees. IFTA’s next CFTe II examination will be held on April 18, 2012. The deadline to register is March 2, 2012. Click here to register!
The CFTe II is a paper and pencil exam that is offered in English, French, Italian, German, Spanish, and Arabic, bi-annually, in the spring (April) and fall (October/November). This exam regularly takes place in Frankfurt, London, Madrid, Paris, and Singapore. IFTA may arrange for additional exam locations, on an individual or group basis, upon request. Additional fees apply to candidates requesting the exam in a non-English language or non-IFTA proctored exam location. IFTA will attempt to accommodate any exam location request.
Curriculum
The program is designed for self-study. Local societies may offer preparation courses to assist potential candidates. Syllabus and Study Guides are available on the IFTA website.
Exemptions
The following exemptions apply:
- Individuals who have previously passed the Chartered Market Technician (CMT) Level I exam (set by the US-based Market Technicians Association prior to 2005) are exempt from Level I of the program.
- Holders of the STA Diploma are exempt from Level II, but must pass Level I (a multiple-choice test) before qualifying for the Certificate.
- Persons who have successfully completed E114 and E171 through the Securities Institute of Australia (SIA) and have been awarded the “Diploma in Technical Analysis” by the ATAA are considered to have the equivalent of the certificate and may apply for the MFTA Program.
- Individuals who have passed Level I and Level II of the Testing Program offered by the NTAA and have been awarded the designation of “Chartered Member of the Nippon Technical Analysts Association” (CMTA) are also exempt from both levels and may proceed to the MFTA Program.
- Individuals who have successfully completed Levels I, II, & III of the Certified ESTA Technical Analyst Program (CETA) through the Egyptian Society of Technical Analysts (ESTA), and have been awarded the CETA diploma, are exempt from both levels and may proceed to the MFTA Program.
Cost
IFTA Member Colleagues
CFTe I $500 US
CFTe II $800* US
Non-Members
CFTe I $700 US
CFTe II $1,000* US
*Additional Fees (CFTe II only):
$250 US translation fee applies to non-English exams
$100 US applies for non-IFTA proctored exam locations
For more information on the program please e-mail admin -a- ifta.org.