In a bold move that has left his followers in awe, Waqar Zaka—a prominent figure in Pakistan’s cryptocurrency scene—claims to have transformed an initial Rs3 million investment into an impressive $1 million in just four days.
Using an aggressive, high-risk tactic known as 200x leverage trading, Zaka’s achievement has sparked a blend of admiration and astonishment from fans, many of whom are now eager to learn about his unconventional methods.
Leverage trading is a high-stakes approach that allows traders to amplify their investments by borrowing funds, enabling them to make trades larger than their actual capital. By adopting a 200x leverage, Zaka took on significant risk, where both gains and losses are magnified proportionally to the leverage ratio.
With each market fluctuation, Zaka’s investment multiplied quickly, at times doubling within minutes and occasionally reaching up to 500 times his initial stake.
“Crypto isn’t just about profits; it’s about mastering the right skills,” Zaka shared on Instagram, where he documented his trading journey for free, encouraging followers to focus on developing their leverage trading skills.
Zaka emphasized that these skills are essential for achieving financial independence in the volatile world of digital assets. He assured followers that similar trading opportunities would arise in the future.
What is Leverage Trading?
For newcomers, leverage trading is a strategy that allows investors to control larger sums of money by borrowing funds based on their original capital. This leverage is often represented in ratios, like 5:1 or 5x, meaning a trader can control a position five times their initial investment.
In Zaka’s case, 200x leverage allowed him to control a position worth 200 times his capital, creating a scenario of heightened returns and risks.
I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.
