TypeOnline Course
DateJan 1, 2020
Students Enrolled347
(12 ratings)
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NOTE: This course is up-to-date with the 2021 material.

Thanks for taking the time to investigate the Optuma CMT3 Preparation Course. I’m sure, like me, you have memories of how hard CMT2 was and having to wait for the result. CMT3 builds on all of that content and introduces some new concepts, looking much deeper at market correlations, and bundling it all together in some difficult questions. Where this gets really hard is that there are a lot of long-form questions requiring you to explain your answers. You need to type fast and answer clearly (we’ll give you lots of exam tips during the course).

Coupling the study text , Optuma course and the Optuma software really helped me grasp the key concepts and apply them in preparation for the exam. More so it helped me secure a solid foundation to start my career in Technical Analysis. I look forward to continuous learning and application to the trading markets. I recommend the program to all aspiring Technical Analysts.

Kuda M, South Africa

Do I need to read the book?
Yes, this course is a supplement to the book. Remember that the exam is based on the textbook, so you should read it carefully. This course is not a replacement for your own study. You’ll see this in our introduction video below, but we recommend that you read the chapter before watching the corresponding video. That way you will have questions that the video will be able to answer straight away.

If you have not yet purchased the book, make sure you get the eBook, it makes searching easy and you are going to need to be able to search. You can get the eBook from Wylie here:

I passed level 3!!!
You were a huge help and cleared up a bunch of questions I had. I wanted to let you know that the Optuma Level 3 prep course was a great review. The fact that you did the video sessions, recorded webinars, forum, and the weekly notes was a huge help. It was one of the most valuable prep courses that I have attended. The support you guys offer just brings it all together.
Thanks again,

Ben W, IL, USA


How is the course delivered?
We have over 17 hours of videos and over 500 pages of slides that we produced for the course. You will have immediate access to all this plus the glossaries and cheat sheets that we have compiled. The best way to see how the course is presented, and all that we offer you, is to have a look at the introduction video. At the bottom of this page, click on “Free Preview” next to the Introduction in the course outline.

The CMT is a self study course and any extra help is most helpful. I have used Optuma for Levels II and III in Oct 2016 and April 2017 and on both occasions it has helped me a lot. There is no substitute for reading the text thoroughly but watching the videos post reading is an excellent way to reinforce the material. for Level III, I have watched the videos several times. The best part, according to me are the referencing of the learning objectives to material in the text followed by the Forum discussions.
All questions, no matter how basic, are answered almost immediately by Mathew. The free use of the Optuma software, which is available to all registered candidates, is a plus and for Optuma tutorial subscribers the workbooks which reference the material under discussion are a super plus!

Ananda Bhaumik, Hong Kong

Do I need to install Optuma to do the course?
No. We offer free access to Optuma for all CMT candidates. We also make available Optuma workbooks (that’s how we store analysis in Optuma) so that you can get some hands-on experience with the different ideas. It’s no secret that we’re a software company and we sell software. We’d love you to install Optuma and see all the benefits it can give you, but it is not required to take the prep course and the exam.

What if I have questions or don’t understand something?
We have a special private forum set up at forum.optuma.com where you can ask questions. When you sign up for the course, you’ll be able to login there and get access to the private forum. We’ll be monitoring that daily and will respond with answers to questions there.

I’m so glad that I enrolled in your Level 3 prep class.  Attending the weekly prep classes kept me on track and provided terrific review material.  The sheer quantity of material (1013 pages) in Level 3 was intimidating but your review course helped me to focus on what was most important and to understand some of the concepts I struggled with. I also really appreciated the ‘class notes’. Being able to read a second set of notes helped me to think about the material from a different perspective.

Marcia R., GA, USA


We know that the course and support will be a great aid as you prepare for this exam. If you want to sign up and get instant access to the material, just click on “Buy The Course” at the top-right of this page. If you were sent, or already have, an Optuma username and password, please ensure that you use those details when you sign up. It will save you from entering your information twice.

I wish you all the best with your studies.

Mathew Verdouw, CMT, CFTe

Mathew–I want to thank you for the quality of your study materials. Taking your courses helped me pass both CMT II and CMT III. I know that I would not have done as well without having taken your courses online together with having the reference materials.

Thank you again for your CMT course and your commitment to excellence!

Allen C, CO, USA


Section 1Introduction and Change Log
Lecture 1IntroductionFree Preview


In this first session, we go over a quick introduction to the Optuma CMT3 course.


The following is a copy of the slides used in the video.

View Notes

Exam Breakup

This is the breakup of all the questions in the exam. It is important that you make sure that you don’t spend too much time on an area that is not examined too much.

Lecture 2Change Log
Lecture 3Chapter List
Section 2CMT 2 Review
Section 3Section I: Risk Management
Lecture 51. System Design & Testing
Lecture 62. Money & Portfolio Risk Management
Lecture 73. System Evaluation & Testing
Lecture 84. Practical Considerations
Lecture 95. Risk Control
Lecture 106. Statistical Analysis & 7. Hypothesis Tests & Confidence Intervals
Section 4Section II: Asset Relationships
Lecture 118. Regression
Lecture 129. International Indices & Commodities, 10. The S&P 500, 11. European Indices, 12. Gold & 13. Intraday Correlations
Lecture 1314. Intermarket Indicators
Lecture 1415. A Unique Way to Visualize Relative Strength
Section 5Section III: Portfolio Management
Lecture 1516. Fact, Fiction & Momentum Investing
Lecture 1617. Analyzing the Macro-Finance Environment
Lecture 1718. Portfolio Risk & Performance Attribution
Section 6Section IV: Behavioral Finance
Lecture 1819. Behavioral Biases
Lecture 1920. Investor Psychology
Lecture 2021. Are Two Heads Better Than One? 22. The Anatomy of a Bubble & 23. De-Bubbling: Alpha
Lecture 2124. Behavioral Techniques
Section 7Section V: Volatility Analysis
Lecture 2225. The VIX as a Stock Market Indicator
Lecture 2326. Hedging with VIX Derivatives
Lecture 2427. Advanced Techniques
Lecture 25Neural Networks
Section 8Section VI: Classical Methods
Lecture 2628. Pattern Recognition
Lecture 2729. Multiple Time Frames
Lecture 2830. Candlestick Analysis, 31. Progressive Charting & 32. Bringing It All Together
Lecture 2933. Conclusions
Section 9Section VII: Bonus Lessons
Section 10Ethics
Lecture 31Ethics Overview
Lecture 32Standard I(A) Knowledge of the Law
Lecture 33Standard I(B) Independence and Objectivity
Lecture 34Standard I(C) Misrepresentation
Lecture 35Standard I(D) Misconduct
Lecture 36Standard II(A) Material Nonpublic Information
Lecture 37Standard II(B) Market Manipulation
Lecture 38Standard III(A) Market Manipulation
Lecture 39Standard III(B) Fair Dealing
Lecture 40Standard III(C) Suitability
Lecture 41Standard III(D) Performance Presentation
Lecture 42Standard III(E) Preservation of Confidentiality
Lecture 43Standard IV(A) Loyalty
Lecture 44Standard IV(B) Additional Compensation Arrangements
Lecture 45Standard IV(C) Responsibilities of Supervisors
Lecture 46Standard V(A) Diligence and Reasonable Basis
Lecture 47Standard V(B) Communication with Clients and Prospective Clients
Lecture 48Standard V(C) Record Retention
Lecture 49Standard VI(A) Disclosure of Conflicts
Lecture 50Standard VI(B) Priority of Transactions
Lecture 51Standard VI(C) Referral Fees
Lecture 52Standard VII(A) Conduct as Participants in CFA Institute Programs
Lecture 53Standard VII(B) Reference to CFA Institute, the CFA Designation, and the CFA Program
Section 11Exam Review
Lecture 54Exam Review
Lecture 55Practice Exams
Section 12Bonus Material
Lecture 56Glossary and Indicator List
Lecture 57Forum FAQs