Everything You Need to Know About Investing With Robinhood Legend

Here's how to transform your desktop into your very own trading platform

By David Everlyn

David Everlyn

View all posts by David Everlyn

March 31, 2025

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How to Use Robinhood Legend Trading Platform

Robinhood

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There’s been so much talk about making finance more democratic that it’s starting to get a little bit tiresome. It’s one thing to ruminate in the abstract about a world in which everyone — not just the bigwigs and the corporate behemoths — has access to the information required to maximize their potential as an investor. But traders have long been aware that, in order to make that dream a reality, they need better tools to monitor markets by the tick of the clock so that they can envision a trade and then make it when the prime opportunity strikes.

Last October, Robinhood gave traders just that in the form of Robinhood Legend. It’s an almost endlessly customizable browser-based trading platform with an innovative interface that traders can set up in seconds. Better yet: It doesn’t cost any money. Yes, you read that correctly: If you’re a Robinhood user, it’s free.

That means you can focus on using it to put your money to work. Think of it as a way to perfect your investments that is not in itself an investment.

Need a hand picturing it?

Well, are you tired of trying to conduct complex analyses on the screen of your phone? With Robinhood Legend, you can turn your desktop into your personal trading floor.

Imagine being able to study up to eight charts in one window in layouts designed by you, with widgets in the position you want them, in the size you want them to appear. Or, if that sounds like too much effort, pick from an array of preset templates for stock trading, options trading, and market monitoring.

Once you’re set up with a layout, there are a host of additional features to take advantage of. Mark up your charts with drawing tools like Fibonacci retracements and trend channels, so as to better predict where the price of an asset is headed. Watch technical indicators that update in real time, like moving averages and Bollinger bands, that help you track and make sense of where the price of an asset might be heading.

When that moment arrives, every split-second is precious. That’s why Robinhood Legend empowers you to act with lightning speed. Trade stock, ETFs, and options straight from charts, watchlists, or option chains with a single click.

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Now, speaking of options, Robinhood has them. Options trading comes with significant risk, but, if you have the knowledge or want to cultivate it, Robinhood Legend can definitely be of assistance. The platform allows you to track indicators like relative strength index and moving average convergence/divergence to analyze trends on your own terms.

If you’re still undecided, you can keep an eye on what trades you might want to make down the road with the aforementioned watchlists. Then, once you’ve crafted your vision, the platform helps facilitate a seamless build of the trade, enabling you to construct strategies of all kinds, from calendar and vertical spreads to strangles to straddles. You can even trade options out of a cash account or in a Robinhood Retirement account, which also comes with a 1% match, a unique feature among IRAs.

So go check it out. You’ll have access to Robinhood’s 24/7 customer service if you have any questions. After all, it’s your money. You shouldn’t have to already be rich to have the power to grow it.

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Disclosures:

1. Affiliate publisher compensation disclosure
Rolling Stone is compensated by Robinhood to create and produce this content.
2. RHF/RHS brokerage entity disclosure
All investments involve risk and loss of principal is possible.
Robinhood Financial LLC (“RHF”) (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (“RHS”) (member SIPC), is a registered broker dealer and provides brokerage clearing services. RHF and RHS are separate but affiliated entities.
3. Options / ODD disclosure
Options trading entails significant risk and is not appropriate for all investors. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Certain complex options strategies (including multi-leg) carry additional risk and complexities including the potential for losses that may exceed the original investment amount.
Robinhood Financial does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy. Supporting documentation for any claims, if applicable, will be furnished upon request.
4. Advanced Charts disclosure
The information contained in advanced charts does not purport to present a complete picture of the financial position, activities, results, actions or future performance of any index, security, or asset. Any information provided is intended for educational purposes only and should not be considered investment advice or a recommendation of any security or investment strategy. Robinhood does not endorse or adopt any particular investment strategy or approach to evaluating individual securities or assets. While the information is deemed reliable, Robinhood makes no representations or warranties with respect to the accuracy or completeness of the information provided. Charts are based on various data sources, which may include market data and other information provided by third party information providers. Robinhood does not make any representation or guarantee relating to the accuracy, timeliness, or completeness of charts or any information or data on which they are based. Without limitation, charts may not accurately take into account the impact of events relating to a specific security, for example corporate actions such as stock splits, dividends, mergers and acquisitions, or events relating to your account or portfolio such as charges, deposits, or withdrawals, and may in certain circumstances overstate or understate gains or losses.
5. Extended Hours / 24 Hour Market disclosure
There are additional, unique risks with trading outside of regular market hours you should be aware of before making an investment decision, including the risk of lower liquidity, increased volatility, greater spreads, and pricing uncertainty. Please review the Extended Hours Trading Disclosure for more information concerning these risks. The Robinhood 24 Hour Market is from Sunday 8PM ET – Friday 8PM ET.
6. IRA match / retirement disclosure
Customers must keep the funds that earned the match in the account for at least 5 years to avoid the possibility of a fee when withdrawn. For more information, see the IRA Match FAQs.
7. Crypto disclosure, if crypto remains referenced
Cryptocurrency trading is offered through an account with Robinhood Crypto. Robinhood Crypto is not a member of SIPC or FINRA. Cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC. For more information see the Robinhood Crypto Risk Disclosure. Trading and owning digital assets involves significant risk, including the risk of substantial loss. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.
8. Futures/RHD disclosure, if futures remain referenced
Futures trading and options on futures trading are offered by Robinhood Derivatives, LLC (“RHD”), a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA) (NFA ID 0424278).

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