Warrants are for experienced investors who have an understanding of risk, and who want to exploit the gearing potential in warrants. This is one of the more hidden - and thereby inefficient - areas of the market, offering interesting opportunities to the shrewd investor.
Prior knowledge required
Very little prior knowledge is required, but the topic involves a fair bit of simple mathematics. Warrants should not be the starting point for a novice investor, and so, although not required, a good knowledge and experience of ordinary share markets is desirable.