Financial Analysis Course Singapore
Financial Analysis Course Singapore – There are two well-known technical analysis certificates. One of them is a certified financial technician (CFTe) and the other a certified market technician (CMT). It is not unusual to see these positions along with the names of some traders, remisiers, financial advisors as well as stock analysts and portfolio managers. .
Whether you are self-employed such as a remisier, financial advisor, or even a business course provider, or are looking to expand your career opportunities in the financial industry, such credentials demonstrate the dedication and ability to become a professional technical analyst. indicate You will also gain the trust of your customers or employers.
Financial Analysis Course Singapore
CFTe or Certified Financial Technician (CFTe) is an internationally recognized qualification of the International Federation of Technical Analysts (IFTA). It is a two-level course, with the first test consisting of 120 multiple-choice questions and the second test requiring an essay-based analysis.
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Candidates who pass both tests will be awarded the ‘CFTe’ designation. It confirms that you have demonstrated thorough knowledge of the field and are able to understand and apply the concepts and tools of technical analysis.
CMT or Chartered Market Technician (CMT) is the leading global designation for technical analysis professionals. The qualification is accredited by the CMT Association, a global certification body with over 50 years of experience in the financial industry.
The “CMT” designation is awarded to candidates who pass three-stage exams demonstrating mastery of the fundamentals of investment risk in a portfolio management environment and are professional members of the association.
The CMT Association has more than 50 years of service in the financial industry, having been founded in 1970. It has become a global association with more than 4,500 members in more than 137 countries. In addition, the CMT program has regulatory accreditation from FINRA, a non-profit organization authorized by the US government that oversees the US. Supervises broker-dealers. Accepts CMT Level 1 and 2 exams as an alternative to the Series 86 exam required for analytical analysts.
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The International Federation of Technical Analysts (IFTA), which oversees the CFTe examinations, was founded in 1986 as a global body of market analysis companies and associations. It has members in 22 countries.
Both programs are well recognized internationally as thousands of candidates participate in both programs every year. The CMT program has a more comprehensive syllabus and is preferred by industry professionals due to its accreditation with other professional bodies such as the Chartered Financial Analyst (CFA) Charter.
To complete the CFTe program at a discounted rate, the candidate must join as a member of one of the IFTA member companies. Those in Singapore can join the Technical Analyst Society (TASS) and expect to pay an initial joining fee of US$145, followed by an annual renewal fee of US$100. After that, the total cost to members to take the two tests is $1,400.
To complete the CMT program at a discounted price, the candidate must join the CMT Association. Depending on the type of membership a candidate joins, it can range from $100 for students to $325 for an associate or professional membership. Then the total exam fee that the candidate member must pay is: $1,285 (Early Registration), $1,585 (Standard Registration), $2,385 (Late Registration).
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For a non-member candidate, the total fee for the three exams will be $1,810 (early registration), $2,110 (standard registration), $2,910 (late registration). In addition to exam fees, candidates must also pay a one-time registration fee of $250 for course notes and $225+ for the syllabus.
Comparing the two programs, the CMT program appears to be slightly cheaper than the CFTe program based on initial registration fees when a member is taken as a candidate. However, if we include membership fees and other additional fees, the CFTe program costs less than the CMT program.
CFTe has two levels, level I exams are held throughout the year. Level II exams are held twice a year around April and October. Although a candidate can take both exams consecutively, it is recommended that candidates spend approximately 3 months studying for the Level I exam and another 6 months studying for the Level II exam.
Each of the three exams in the CMT program is offered twice a year, usually in June and December. As the courses are to be taken consecutively, the minimum time to complete the program is approximately 18 months. However, in most cases, the entire program can take up to three years to complete.
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The CFTe program has more flexibility and can be cleaned in less time than the CMT program.
The curriculum covered in both programs is different, CFTe focuses more on reading charts while the CMT program is more than just analyzing charts as it delves into market behavior, intrinsic value and market prices. , considers the difference between behavioral finance, quantitative. System design and risk management.
For investors and traders who want to learn technical analysis in a formal setting, the CFTe program offers a better opportunity to learn and understand widely used technical concepts. In addition, other individuals, especially sales representatives, brokers or business course providers, can also try to get their accreditation in the CFTe program as they can complete it in less time and it will increase their competence in the field.
However, for career oriented individuals seeking employment in any financial institution as a fund manager or investment advisor, CMT may be the preferred option as it is preferred by the institutions.
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– If you intend to use the CMT designation, it is required: 3 years of approved professional experience, the work must be full-time, with compensation for services Three sponsors who have the status of a member of the association
Initial entry fee of SGD 145 and annual renewal of SGD 100.* The Singapore membership body is represented by the Technical Analyst Society (Singapore).
Examinations for CFTe I are conducted throughout the year. While CFTe II exams are held twice a year in April and October.
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