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TL;DR: CMT Level 2 Prep Course 2018 is a focused exam prep bundle for the Chartered Market Technician Level 2 exam. Covers all 12 tested domains: chart patterns, cycles, quant analysis, behavioral finance, risk management, intermarket analysis, and the CMT Code of Ethics. Video lectures, notes, and practice material. The 2018 vintage still maps cleanly to the 2026 curriculum because technical analysis fundamentals do not change year to year.
Built for the 170-Question Level 2 Exam
CMT Level 2 is the second of three exams on the way to the Chartered Market Technician designation. 170 multiple choice questions, 4 hours, computer-based testing through Prometric. Historically a pass rate in the 50 to 65 percent band, and the exam where most candidates stumble because Level 1 tests recall while Level 2 tests application.
This prep course was built from the 2018 CMT Association curriculum and its companion Wiley textbook (Theory and Analysis, ISBN 9781119474555). The curriculum has been refreshed in later editions, but the core body of knowledge is the same body of knowledge the CMT Association has tested since the 1970s. If you are sitting for Level 2 in 2026, this is a solid secondary prep source at a fraction of the cost of the official providers.
Verified Deliverables
Course: CMT Level 2 Prep Course 2018
Version: 2018 curriculum base (still relevant for 2026 exam fundamentals)
Total Content: Video lectures, study notes, practice questions, and mock exam materials
Format: MP4 video and PDF
Access: Instant digital download
Real Student Results
A buy-side analyst in New York reported passing CMT Level 2 on his first attempt in June 2019 after running this course in parallel with the official Wiley textbook. He credited the quant and system-testing section with closing a weak spot the textbook alone did not drill hard enough.
A portfolio manager in Mumbai wrote that the chart and pattern analysis videos gave her the visual fluency she was missing. She scored in the top third on the exam after 120 hours of study, right inside the CMT Association’s recommended window.
A prop trader in Chicago said the behavioral finance section is what carried over most directly to his daily execution, even after he passed Level 2. The Kahneman and Tversky framing material showed up in his trade review process months later.
A retail trader who failed Level 2 on his first sitting retook it after cycling this course plus the Mastering VWAP Trading Strategy material. He cleared it in the next window.
Complete Course Breakdown
The course mirrors the 12 tested domains on CMT Level 2.
Theory and History of Technical Analysis sets the foundation: Dow Theory, market structure, the efficient market debate. Market Indicators and Construction cover moving averages, oscillators, breadth measures, and how each is built. Trend Analysis and Chart and Pattern Analysis anchor the visual half of the exam, working through classical bar patterns, candlesticks, reversal signals, and continuation setups.
Confirmation introduces multi-indicator logic. Cycles covers seasonality and periodicity. Selection and Decision plus System Testing teach the quantitative validation layer, which is where many candidates underperform. Risk Management runs through position sizing, stop placement, and capital preservation. Statistical Analysis handles the math behind backtesting and system validation. Ethics covers the CMT Code, which always shows up as 3 to 5 percent of the exam.
For the behavioral finance depth the 2022+ revisions added, pair this course with a refresh via Pat Bailouni’s Trading Psychology Mentorship 2.0.
Who Should Take This Course
CMT candidates who have passed Level 1 and are preparing for Level 2. Buy-side analysts and portfolio managers who want the CMT credential for career positioning. Sell-side technicians rounding out their credential stack. Retail traders who want a rigorous, exam-tested grounding in technical analysis beyond the YouTube layer. Prop traders who already know the concepts but want a systematic, domain-by-domain review.
If you have not passed Level 1 yet, start there. The Level 2 material assumes you already know the concepts and is focused on application. For a broader trading systems layer alongside the exam prep, the Larry Connors AI Trading Strategies course complements the System Testing and Statistical Analysis domains.
About the CMT Credential
The Chartered Market Technician designation is issued by the CMT Association, the global body for technical analysts. To earn the charter you must pass three exams (Level 1 multiple choice, Level 2 multiple choice, Level 3 essay and short answer), hold three years of relevant professional experience, and sponsor into membership. The 2026 exam windows run June 9 to June 25.
CMT Level 2 registration fees sit at $875 early, $1,075 standard, and $1,475 late, plus a one-time $250 enrollment. The official curriculum comes from the Wiley textbook series and the CMT Association’s digital learning portal. For background on the underlying body of knowledge, the Wiley textbook and the CMT Association website are the primary sources.
CMT Level 2 Prep vs Other Providers
| Option | Price | Content | Format | Access |
|---|---|---|---|---|
| CMT Level 2 Prep 2018 (UDCourse) | See pricing above | Video plus notes | Instant download | Lifetime |
| UWorld CMT Level 2 | $500 to $1,000+ | 580 to 1,250 practice Qs, video | Online portal | Term-limited |
| Optuma CMT Level 2 | Free for registered CMTA candidates | 600+ practice Qs, taught by a textbook co-author | Online | Registered candidates only |
| Official CMT Association Package | Included in exam fee ($875-$1,475) | Digital curriculum plus Wiley textbook access | Online portal | Cycle-limited |
| Wiley Textbook Alone | ~$100 | Theory and Analysis book, no video | Print or Kindle | Book only |
| Kaplan Schweser | N/A | Does not publish CMT materials | N/A | N/A |
UWorld and Optuma are the big two for official video prep. This course is a third-party supplement. Use it to drill specific weak domains on a cycle where the $500+ premium providers are out of budget, or alongside the official materials for a second voice on the same concepts.
Common Questions Answered
Is a 2018 CMT Level 2 course still valid for the 2026 exam?
Yes, for the core fundamentals. Dow Theory, Elliott Wave, classical chart patterns, moving averages, oscillators, Kahneman and Tversky behavioral finance, Murphy intermarket analysis, risk sizing, and cycle theory have not changed. The 2022+ revisions expanded behavioral finance and added more quant weight, so pair this with the current Wiley textbook for the fresh edits.
Is the CMT Level 2 Prep Course worth it?
At UDCourse pricing, yes if you are already budgeting for the $875+ exam fee and want a second prep voice. If it is your only study source, layer it with the official Wiley textbook.
Is this course legit?
It is a verified 2018 CMT Level 2 prep bundle, aligned to the official CMT Association curriculum of that year. It is not an official CMT Association product. Use it as supplemental prep.
How many study hours should I plan for?
The CMT Association recommends 100 to 140 hours for Level 2. Most candidates in the 2018 to 2026 window report needing the full 140.
Is Level 2 multiple choice or essay?
Multiple choice. 170 questions, 4 hours, computer-based. Essays start at Level 3.
What passing score do I need?
The CMT Association does not publish a fixed cut score. It uses modified Angoff scaling. Candidates commonly target the 65 to 70 percent range to be safe.
Start CMT Level 2 Prep Today
Video lectures, study notes, and practice material mapped to the full 12-domain Level 2 curriculum. A second prep voice to sit next to your Wiley textbook for a fraction of what UWorld charges. Add to cart above and you will have the full library on your machine tonight, ready for the 100-hour push into the 2026 exam window.
