Technical market analysts use historical data to predict future performance of financial securities. To become one, you need an undergraduate degree in finance or accounting, a graduate degree in business or finance, and a CFA certification. Joining industry organizations and earning different levels of certification can help keep skills current. Technical analysts can work for large financial institutions like investment banks.
Technical market analysts examine trends in the historical performance of financial securities to determine future performance. These highly specialized professionals are trained to interpret numbers, charts and graphs in order to develop projections or limitations for an individual stock or for the broader markets. To become a technical analyst, you must complete an undergraduate degree in finance, accounting, or another related field, and highly consider obtaining a graduate degree in business or finance, such as an MBA (MBA). After that, the career path will largely depend on the types of certifications you obtain and the employers you seek out.
Upon completing the proper education, you must take and pass a financial accountant exam (CFA) to become a technical analyst. This certification is widely recognized by finance companies and potential employers. Demonstrates an aptitude for financial markets as well as an understanding of the standards and ethics inherent in providing any type of market analysis.
Joining industry organizations and earning different levels of certification will help you keep your skills current and advanced once you become a technical analyst. The Market Technicians Association is an industry organization where financial professionals can come together to interact, discuss and shape industry standards and guidance. This particular organization offers training for professionals to become certified in technical analysis. There are different levels of certification, and participants will be required to demonstrate some proficiency in technical analysis in order to pass the exams and obtain the title of Market Technician. Certification should help you advance and gain increasing notoriety after becoming a technical analyst.
Professionals who pursue and earn Certified Financial Analyst certification will also receive preparation for technical analysis. This inclusion in the financial analysis curriculum supports the proliferation of the technical analysis segment of the financial services industry. Technical analysis includes observing patterns not just 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, may have a technical analysis division. These professionals can support other banking professionals who are making decisions based on market expectations. On your way to becoming a technical analyst, consider seeking employment with an investment bank where you can influence the decisions of other market participants.
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