In a move that has captivated his followers, Pakistani cryptocurrency influencer Waqar Zaka claimed to have turned a Rs3 million investment into an impressive $1 million in just four days. Zaka achieved this by employing a high-stakes technique called 200x leverage trading, leaving fans both amazed and eager to learn from his bold approach.
Leverage trading is a high-risk strategy that allows traders to amplify their initial capital by borrowing funds, enabling larger trades. Using a 200x leverage, Zaka took on considerable risk, as such ratios significantly increase both potential gains and losses. Small price changes in this strategy led Zaka’s initial investment to grow rapidly, at times even multiplying his stake by 500.
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On Instagram, Zaka emphasized that crypto trading isn’t solely about profits but requires skill and strategy. He encouraged his followers to focus on learning the craft of leverage trading as a path to financial independence in the volatile crypto market. He also assured his audience that similar opportunities would arise.
For newcomers, leveraged trading means investors can control larger positions by borrowing funds relative to their original investment. For instance, a 5x leverage allows control over a position five times larger than the capital invested. In Zaka’s case, the 200x leverage enabled him to control a position 200 times his capital, greatly magnifying both returns and risks.
This isn’t Zaka’s first display of trading success. During a recent Federal Open Market Committee (FOMC) meeting, he live-streamed on YouTube, turning $5,000 into $15,000 in front of over 3,000 viewers, showcasing his trading prowess.
