Completed Level 1 of Certified Financial Technician (CFTe) with Score of 86
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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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Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
Dear Spencer,
I have just recently started my career as a trader, and I am required to pursue the CFTe Level 1. I have started studying for the course, however I am finding it very difficult and stressed as to what to study and how to study for the exam.
As for now I am reading the book Technical Analysis for Financial Markets and was wondering whether that is sufficient to pass the exam.
I am writing to you in order to ask for any advise/tips you can offer me.
Your help is much appreciated.
Kind Regards,
Muneera
Hi Muneera
Thanks for reaching out.
I believe that when you signed up for the CFTe, the IFTA provided a full reading list of all the books to read. Just read all of those, and you should be fine!
Hope this helps!
Cheers
Spencer