Nanitek: I know guys who do Forex news trading. If I remember right they have a software which translates the news into trading signals. But that alone is not enough. The market reaction is super quick so they have to find DD brokers with slightly delayed price feeds in order to earn money. Then it's possible to enter the market in time but in the long-term the brokers aren't happy because when a customer earns money it almost always means that they lose money. So the approach outlined above is not possible without switching brokers and/or identities quite often. And sometimes they are reluctant to pay you out so you also need a lawyer who is versed in this area.

Despite the pitfalls it used to be a gold mine but the competition is much tougher now and the brokers are more clever. It requires lot of work and in my opinion there are better ways how to earn money. That said - maybe there are other possibilities how to trade the news without so much hassle.