In a move that’s left his followers in awe, Waqar Zaka - a well-known figure in Pakistan’s cryptocurrency space - claimed to have turned a Rs3 million investment into a remarkable $1 million in just four days.

Utilising a high-risk strategy known as 200x leverage trading, Waqar Zaka’s claim has sparked a mix of astonishment and admiration from fans, many of whom are now seeking guidance on his unconventional methods.

Leverage trading, a high-risk investment approach, allows traders to amplify their investments by borrowing funds, essentially letting them make larger trades than their actual capital permits.

For Waqar Zaka, this approach meant taking on significant risk, as leverage ratios as high as 200x multiply potential gains and losses.

With every price shift, Zaka’s initial investment multiplied rapidly, at times doubling within minutes and, in some instances, yielding profits of up to 500 times his stake.

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A post shared by Waqar Zaka (@waqarzaka)

"Crypto is not just about gains but about learning the right skills," Zaka shared on his Instagram, where he showcased his trading journey for free, encouraging followers to focus on mastering the craft of leverage trading.

According to Zaka, these skills are crucial for achieving financial independence in the unpredictable world of digital assets.

He also assured his followers that similar trading opportunities would be available in the future.

What is leverage trading?

To provide a clearer picture for beginners, leveraged trading is a strategy that lets investors control larger sums of money by borrowing additional funds based on their original capital.

Exchanges offer leverage levels, often expressed in ratios such as 5:1 or 5x, meaning a trader could control a position five times the size of their initial investment.

In Waqar Zaka’s case, a 200x leverage enabled him to control a value 200 times his capital, creating a scenario where returns and losses were dramatically magnified.

@waqarzaka43
30 lacs rupees sey 30 crore Rupees ?
♬ original sound - Waqar Zaka

While leverage trading can amplify profits, it also introduces substantial risk. The possibility of high returns appeals to ambitious investors, but the flip side is that losses are equally magnified, which can quickly wipe out an entire investment.

Previous live trading successes

This isn’t the first time Waqar Zaka has showcased his trading skills. During a recent Federal Open Market Committee (FOMC) meeting, he went live on YouTube with $5,000, transforming it into $15,000 before an audience of over 3,000 viewers.

Read here: Crypto star Waqar Zaka scores $15,000 profit live

The FOMC meeting, during which U.S. economic policies were being adjusted to counter inflation and a slowing labour market, saw the Federal Reserve cut its overnight borrowing rate by 50 basis points—a move that created an especially volatile trading environment.