For example you have 2000$ on your trading account and you can see high priority news(AKA red news) is coming in few hours. You must choose one direction and you positon must be high roller. If you can pick right direction you will gain 70 pips and double your balance. If you are wrong stop loss will hit and you loss half amount of your balance. What is your experience related to news trading?
To me it is very risky in doubled your risk capital on just a trade base on news. I try to used this method when I was trading binary options with 24option and I loss a lot.
This type of strategy is not affordable with binary options, instead of use it on foreign exchange markets specifically world currencies. Currency markets are more likely to give you more profits. Just use news trading basics on fx. That's my 2 cent..