This is not that easy to make money by news trading in forex. It is true that news can impact on the price movement. Most of the times this price movement due to news impact is so rapid and short lived that traders get trapped. It is very hard to take a position or close a position when the news has just published. During these news sessions market fluctuates too much with low liquidity. In this time spread becomes higher, so it becomes risky. One can take positions before news events and can wait for the news impact on price. Making a profit this way is not easy either, because sometimes price moves according to the news and sometimes price moves against the news.
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