We feel it is important for traders to know these simple but yet powerful tips on technical indicators. Holy Grail: The first and most important tip is that there is no indicator that is perfect and that will make you money all the time. No indicator will be right 100% of time. Even when you combine (which we recommend) 2 technical indicators you will not find the Holy Grail. It does not exist! Consistency: Do not change technical indicators every day. As mentioned above no technical indicators will make you money every time but it is important not to change the indicators after every loss as this will lead to even more losses as you will never learn to use the indicator the right way which is leading us to the third tip. Learn what the technical indicator is telling you: It takes time and practice to learn to use a technical indicator successfully. Even though you can read all the technical information about the indicator it still takes time as you need to understand what the indicator is telling you and why. Trending Vs Non-trending markets: Technical Indicators works differently in trending markets and in sideways markets. It is very important that the trader is able to distinguish the two different market conditions in order to be successful trading with indicators. Do not get blind staring at Stochastic crossovers and miss the bigger picture. Stochastic can stay overbought in an uptrend for a long period of time. Use Indicators to Compliment each other: Do not use technical indicators that tell you the same. Do not use 2 oscillators as they basically tell you the same but at times can give conflicting signals as one of the oscillators are lagging a bit more than the other.