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How Do I Become a Technical Analyst?

Pursuing a career as a Technical Analyst requires a strong foundation in computer science or a related field. Enhance your skills with certifications like CFTe or CMT. Gain practical experience through internships or entry-level positions, and continuously update your knowledge in this ever-evolving field.
Geri Terzo
Geri Terzo

Technical market analysts examine trends in the historical performance of financial securities in order to determine future performance. These highly specialized professionals are trained to interpret numbers, charts, and graphs in order to develop projections or limitations to an individual stock or the broader markets. In order to become a technical analyst, you should complete an undergraduate degree in finance, accounting, or another related area and highly consider earning a postgraduate education in business or finance, such as a master of business administration (MBA) degree. After that, the career path will largely depend on the types of certifications that are earned and the employers that you seek out.

Upon completing the appropriate education, you should take and pass a chartered financial accountant (CFA) exam in order to become a technical analyst. This certification is widely recognized by financial firms and potential employers. It demonstrates an aptitude for the financial markets and also an understanding of the standards and ethics inherent in providing any type of market analysis.

Technical analysts are trained to interpret numbers, charts and graphs.
Technical analysts are trained to interpret numbers, charts and graphs.

Joining industry organizations and obtaining different levels of certification will help you to keep your skills current and advance once you become a technical analyst. The Market Technicians Association is an industry organization where financial professionals can join to network, discuss, and shape industry standards and direction. This particular organization offers training for professionals to become certified in technical analysis. There are different levels of certification, and participants are expected to demonstrate some proficiency in technical analysis in order to pass the exams and earn the title of chartered market technician. Certification should help you to advance and gain increasing notoriety once you become a technical analyst.

Professionals who seek and obtain the chartered financial analyst certification will receive preparation on technical analysis as well. This inclusion in the curriculum for financial analysis supports the proliferation of the technical analysis segment of the financial services industry. Technical analysis includes observing patterns not only in stocks but also in more sophisticated financial securities including commodity and currency instruments.

Financial services is a giant industry in which there are many different service providers. Large financial institutions, including investment banks, might have a technical analysis division. These professionals might support other banking professionals who are making decisions based on market expectations. On the path to become a technical analyst, consider seeking employment at an investment bank where you can influence the decisions of other market participants.

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    • Technical analysts are trained to interpret numbers, charts and graphs.
      By: Sergey Nivens
      Technical analysts are trained to interpret numbers, charts and graphs.