Good question Andrew1234,
timbuckley just about covered it, but < www.citifirst.com.au > have mini warrants with a built in stop loss, so that if the market moves against you and the stop loss is hit you are automatically sold out of the position and the available funds are transferred to your account (much better than the usual warrants expiring worthless routine).
I am sorry if this is too much proprietory detail but if you are not a nimble trader then these minis will suit well IMO - until you get your head around "straddle strategies etc"
ASX website has some useful documents - hours of interesting reading for the holidays....
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