CMT LEVEL 2 PREPARATIONS

CMT LEVEL 2 have really been difficult one, but surely the most learning experience and enjoyable. Now keeping in mind what was the major focus asked in exam and how do you prepare yourself, check out the following points from my experience:

 

1. The Level 2 syllabus is no doubt very large and if you do not start early and give yourself atleast 10 days prior to your exam for Revision, I am sure you will feel the heat on the day of the exam.
2. However said that, I must also say that the syllabus is wide, but if you cover it, exam would not be that difficult.
3. So, let me share what is that was asked the most in the exam, which can give you an idea to what to foucs more when you start studying for CMT Level 2 exam.
4. The major focus on the exam was on Inter market relationships. I must say that around 12-15 questions were on Inter market. Now, let me tell you guys that Inter market Relationship- a Book by JOHN MURPHY is not in the syllabus of CMT level 2, but every year many questions comes from this book. So read it thorough. To give you an example, questions were based in if commodity is peaking, were will your funds go ? Or interest rates are at the bottom, and wil start rising, is it good to start investing in Equity, or commodity or bonds, and so on. So, you would surely get a grip once you are done with the Inter market analysis book By John Murphy. A must and I think it is advisable to start with this book first, do it perfectly and then move ahead, and this will ensure you some 10-15 marks in this counter, as from last few years this questions are major hit.
5. Now second thing to score marks is Japanese candlestick patterns, where around 8-10 questions were asked, and easy to score as well. So, best if you can pick JAPANESE CANDLESTICKS after Inter market, and finish it, as it is very easy, nicely explained, and scoring is easy in this section. Advisabe to stick to chapters asked by MTA in this book. More than Enough.
6. Now, when I come to other questions, there were quite a few on oscillators like BOLLINGER BANDS, MOMENTUM, RATE OF CHANGE, RSI on Point an Fig charts, and indicators based on Point an Fig. So please cover chapter on Indicators in Point an Fig as well..Questions like when is the right point to buy on Bollingers, and so on was asked which I think were scoreable.
7. Chart patterns are easy and scoring as well. So when you prepare make sure you read CHART PATTERNS section from Kilpatrick, Martin Pring, Edward magee, and PERRY KAUFMAN as well. Here you can expect some 5-8 questions.
8. Few questions came on Trendlines, and were easy as well.
9. Point and Figure calculations, that is Price counts were not asked at all in exam, but good if you can do it, it is so easily explained by the author Du Plessis.
10. Elliot waves again you can expect few basic questions, but are tricky. Not much was asked.
11. Perry kaufman there were few questions from Cycles and Seasonality, Risk management, and Optimisation.
12. Lot of questions were also asked on statistics, like corelation coeffecient, hypothesis, linear regression also 2 questions came, etc, I am not that well on statistics and have left this in option. But advise better to read it if  you can. Questions are there on this as well.
    
    
    
    
    
    
    So, now how do you prepare for Level 2 in order to crack it :

• Start with Inter market analysis by John murphy, must to start with, full book
• Second is to start with Japanese candlesticks, easy and would be finished fast
• Third may be Either Point an Figure or Elliot wave
• Last to keep Perry Kaufman as it is too lengthy and as not many questions were there, but still am not saying dont do it. Please refer it, and you can start with this book along with all the other books mentioned before. So that you can slowly an steadily finish this. I have skipped Statistics part from this, as I am not that good at it and focused more on Chart patterns, Cycle, Seasonality, and Oscillators, and last part of Risk management and Optimisation as well.
• Last but not the least, revise your Level 1 books, it would be helpful

This is the brief on CMT LEVEL 2, if this helped you do comment, and if any more queries feel free to contact me:

Add me on Facebook at deeprajawat28@gmail.com

OR

Write to me at deepakjain2811@gmail.com

Regards:

Deepak Jain, 

Bcom (Fin markets), MBA (Fin markets), CMT Level 3 pursuing