Pakistani crypto expert and trader Waqar Zaka has secured fifth place in the ongoing International TradFi Masters Competition. Solo traders from several countries are competing using their own capital.
The competition features participants from China, South Korea, the United States, Japan, Pakistan, and other countries. Unlike demo contests, every trader must use personal funds.
Traders Compete Across Multiple Markets
Participants trade traditional and digital assets throughout the competition. They must trade US stocks, forex, gold, silver, and cryptocurrencies instead of focusing on one market.
Additionally, traders must complete a high number of trades daily. They must also trade every designated asset category at least once.
Contestants cannot hold positions for extended periods. Therefore, they must continue making active trading decisions throughout the event.
Rankings Based on Profit and Risk Management
Organisers rank participants using trading volume, overall profit, and risk management. Profitable trades improve scores, while every stop-loss hit reduces points.
The overall winner will receive the latest Mercedes G Wagon. Depending on its model, the vehicle is valued between $400,000 and $500,000.
According to the latest leaderboard, China leads the competition. South Korea, the United States, and Japan follow, while Waqar Zaka currently represents Pakistan in fifth place with six days remaining.
Previously, Zaka finished ninth among more than 3,000 traders. He also secured fifth place in another international trading competition.
Moreover, Zaka introduced Bitcoin education to Pakistani audiences when Bitcoin traded near $268. He promoted cryptocurrency awareness years before digital assets gained mainstream attention in Pakistan.
