Inside the FxAlexG Only Signal by Alex Gonzalez : Real Forex Gains or hype?

What Is Only Signal?

In early 2024, the trading community was buzzing with a bold new venture: “Only Signal” — a free, bilingual (English and Spanish) forex signal launched by Alex Gonzalez (FxAlexG) and his partner Elsensei. The concept was simple yet ambitious: give away high-quality trade signals for free until the team delivered at least 10% account growth. Once they hit that milestone, the signal group would become a paid subscription service priced around $200/month.

With a reputation fueled by viral stunts (like turning $100 into $1M live on Instagram Stories) and a massive audience of over 140,000 traders, Alex’s latest move was met with massive hype. But the big question remains: Was Only Signal profitable or just another marketing funnel in disguise?

The Promise: Free Signals Until 10% Profit

The premise was refreshingly straightforward. Only Signal was completely free. You’d follow the trades, and once 10% profit was reached, you’d decide whether to stick around and pay for access. The idea was that you’d make enough during the free period to cover the subscription later — a clever and fair model.

The signal also offered:

• Clear trade ideas
• Entry, stop loss (SL), and take profit (TP) levels
• Guidance in English and Spanish
• Transparency and live market explanations
• Education via a mini-course before getting started

Traders were encouraged to set up a separate trading account just for this signal, use consistent risk management (typically 1% per trade), and stick to the plan.

The First Few Trades: Real Transparency and Real Losses

Right off the bat, the experience felt legit. The team didn’t rush trades. They waited for confirmations and skipped setups that lacked clarity. The first few trades were either pending or skipped due to market uncertainty — a positive sign of discipline.

When they did enter, their honesty was clear. For instance, their short AUD/CHF idea was skipped by Alex due to lack of confirmation, despite it later becoming a winning trade. That’s real trading — not cherry-picking.

However, problems began surfacing during live trades:

• Some messages were edited (minor red flag in signal groups)
• One EU short trade hit stop-loss fast — 0.5% loss for many, though they rounded it to -1% to be fair
• CAD/JPY trade reversed after hitting SL, so they re-entered, showing confidence and adaptability

The January Stats: 14 Trades, 3 Wins, +1% Total Gain

At first glance, a 3/14 win rate seems terrible. But thanks to positive risk-reward setups (2:1 or 4:1 R:R), they still ended the month with a small 1% gain. This highlighted an essential trading lesson: You don’t need a high win rate to be profitable — just solid risk-reward discipline.

However, expectations were high. Many traders were disappointed. Alex and Elsensei took responsibility and extended the free signal for two more weeks to try and hit the elusive 10%.

The Pressure Builds: Changing Strategies & Mixed Signals

As the signal moved into February and March, performance took a dip. More break-evens, stop-losses, and occasional wins — but still no 10%. They even started using 2% risk per trade to speed up progress, contradicting their original advice about staying consistent with risk.

Some wins came in — 4% and 4.5% gains on EUR/USD and USD/CAD trades — but they weren’t enough to offset the mounting losses. By Week 11, the group was down -6% on four trades.

At this point, many began to wonder: was the whole thing just another content-driven funnel for a future course launch?

Final Outcome: Project Closed at -5% Overall

By the end of March, Alex announced the end of Only Signal. The results: around -5% total drawdown — not terrible, but certainly not profitable.

He acknowledged the immense pressure of trading live in front of 140,000 people. The weight of constant scrutiny and unrealistic expectations had taken a toll on both him and his trading partner. Even more interestingly, Alex immediately pivoted to a new project: another public challenge to make $1 million in profit — this time on his personal channel.

So Was Only Signal Profitable?

Short answer: No — not yet.

But was it valuable? Absolutely.

Key Takeaways from Only Signal:

• Trading is hard — even for seasoned pros
• Transparency and education were present throughout
• Risk management matters more than win rate
• Pressure from a large public audience can distort trading psychology
• The challenge served as an excellent reality check for overhyped expectations

Verdict: Educational but Not Profitable (Yet)

Only Signal might not have made 10%, but it revealed the reality behind trading — the mental strain, the importance of discipline, and the value of transparent leadership. While the group ended in the red, it wasn’t a scam, nor was it run by people who didn’t know what they were doing.

The concern is what comes next. The $1M challenge smells a lot like a lead-up to another product — possibly a new trading course.

So, is it hype or help?

Time will tell. But for now, keep your expectations grounded, manage your risk, and remember: even the best traders go through rough patches.

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