Market Technicians Association (MTA)
What it is:
The Market Technicians Association (MTA) is a professional association for technical analysts.
How it works (Example):
MTA members are bound by the organization's ethical and professional guidelines. One of the MTA's primary roles is to resolve ethical issues surrounding technical analysis and trading.
Why it Matters:
Technical analysts are trained to forecast short- and long-term market outcomes and they have numerous tools at their disposal to effect profitable trading. The MTA serves as a professional and regulatory body that sets standards and provides a certain level of oversight to ensure that the tools of technical analysis are not misused.