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I Am Now Officially a Certified Financial Technican (CFTe) by the International Federation of Technical Analysts (IFTA)!

After passing level 1 of the Certified Financial Technican (CFTe) exams a few months back, I went on to take level 2 of the exam, and was recently notified that I have passed! Yay! 😀

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What is this Certified Financial Technican (CFTe) exam all about?

Basically, it is something like the CFA exams, but for technical analysts and traders.

Source: http://www.ifta.org/certifications/financial/

Source: http://www.ifta.org/certifications/financial/

 

What is tested during these exams?

The syllabus is very comprehensive, and not for the faint-hearted. 😀

It took me 2 whole weeks of serious studying/revising to cover all the topics.

Exam Syllabus

Exam Syllabus

 

How recognised is this certification?

Well, for starters, it is recognised internationally in 26 countries, and it is not easy to achieve, hence it is much more “rare” than the more common CFA.

Source: http://www.ifta.org/about/

Source: http://www.ifta.org/about/

 

Going forward, I think that it is important for SGX or MAS to “force” all trainers to take more accreditation exams or certifications, to ensure their competency and raise the standards of all trainings in the industry.

With the proliferation of blogging and social media, it is now easy for anyone to become an instant market Guru overnight, and start conducting classes for software/training, etc. Having such certifications will help the public discern the real traders/trainers from the lemons in the market, who give the industry a bad name.

Even though I have achieved financial freedom 2 years back, I have never stopped learning – spending over $10k on courses and trainings just last year alone.

Even with my double degrees, I still continue to pursue more lifelong skills, which include certifications, courses, and most importantly I still read at least 1 book a week.

And as I strive to keep improving and continually invest in myself, I hope that through this blog, I am able to help others master the right skills and achieve early financial freedom too!

Cheers! 😀

Completed Level 1 of Certified Financial Technician (CFTe) with Score of 86

On Monday, I decided to try my hand at the Certified Financial Technician (CFTe) exams, which some claim to be the “CFA equivalent” for trading accreditation.

While I managed to pass, I was pretty sure I could have done better if I had studied for it. 😀

Why am I doing this?

Well, as a trainer, I think it is important to have some accreditation or qualifications (in addition to my double degrees and fund experience) to reassure people of the quality that they are getting. I mean, if you go to see a doctor, you would want to make sure he actually has a medical degree and the proper accreditation, and not simply trust him because he is “famous” or has a cool website/blog/video.

Hopefully, in time to come, MAS or SGX will impose some kind of minimum qualification or accreditations for all trainers, to ensure teaching standards and to prevent a market for lemons.

Wish me luck for Level 2! xD

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Certified Financial Technician (CFTe)