LOL got 20 pips today on GBPUSd after US GDP release.
First I lost, entered short before release, then entered long and revocered + 20 pips in profit.
I agree that this is no strategy but for some time it could be used. As for risking acc, if you trade like news releases you are winner easily. as for broker. Forex.com has never widened spread for me, i am with them all my carrier on forex. So if you are loser two times on news day leave it. You lost 20 pips + 2* 20 pips. The news day is good because price goes fast one direction and 90% of time it goes right away withoyght moving sideways.
So theoretical approaches can be made much but first you should think what is happening in reality. I agree that this cannot be a strategy and all income coming from it but you can take easy pips sometimes. Why not taking it?
currently I am trading it successfully but with mini lots first time, I take about 20$, hmm free dinner huh?