Go to Paribus site, join for free, print out and read all the free warrant education three times. This should aquaint you with a few of the dangers.
Under no circumstances attempt to play them with your degree of knowledge, remember they have high internal holding costs, can slump in value savagely in the last 25 days, and 90% plus finish valueless. It takes a semi-expert degree of understanding of both US and local option and warrant pricing, underlying volatility, and Elliot wave analysis to play them profitably. Learn all this well first, or you are instant dead meat.
Life expectancy of new derivative players is short, very short. Most new entrants with less than two years study and experience become instant toast. Specific pricing software is required, and can be had on the internet. They are a very expensive hobby.
I personally regard the majority of warrants as gambling products only, for people with no skills in probability calculation or mathematics. Be sure you really need them. Derivatives and futures are an absolute meritocracy, the issuers and top 3%, clean up the rest.
