Everything You Need to Know About Investing With Robinhood Legend

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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.

Editor’s picks

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.

Disclosures: Options trading entails significant risk and is not appropriate for all customers. 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, including the potential for losses that may exceed the original investment amount. boost is divided into 24 monthly payouts. To earn your full boost, hold or invest your brokerage funds for 2 years. If you cancel Gold, you’ll lose future payouts you haven’t earned yet. Boost only applies to new, eligible deposits. For more information, see terms. Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC

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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.