Every year traders often fail because they do not take trading seriously enough. Sometimes they don't have enough capital and borrow it from the bank or someone else from their own family.
Most inexperienced traders seek get-rich-quick methods and do not adequately prepare how they would approach the market. In reality, some inexperienced traders are gambling without even realising it.
Thorough Analysis of our own developed Economically Educated Personal Score(EEP Score) & bank statement, we can create a mechanism to verify if that person is competent enough for trading. It will add another layer of security for persons creating new trading accounts. It will stop the overuse of funds and fraud prevention for retail investors.

What is Economically Educated Personal Score(EEP Score)

EEP Score are two-digit numbers ranging from 01 to 99, with 99 the best score given. It depicts a trader's financial worthiness. The higher the score, the better he can handle the loss incurred during trading. An EEP score is based on a number of factors. Stock Exchange can use EEP scores to evaluate the probability that an individual is financially stable or not and whether he/she can handle the loss/investments properly after that only he/she can open a trading account. It will help in stopping non-knowledgeable participants from the securities market. And it will help other retail investors/traders from panic buying and selling from non-knowledgeable entities.

Final Solution

Economically Educated Personal Score(EEP Score) combined with Bank statements for analyzing annual reports, transactions and identifying beneficiaries. It will help insane as well as financially weak persons keep away from trading in the securities market. Thus it will stop the overuse of funds and fraud prevention for retail investors from getting a quick rich scheme. It will help in fraud prevention for retail investors, spread awareness among investors and inclusive growth of the securities market.