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Hello, impact of major News is usually from 2-5 minutes. Your profit depends on how fast you will open position after release of the News.
You need to monitor Forex News websites for the News releases or just install free MT4 custom indicator which shows actual Forex News directly on your chart in a second of its release. I use it for 2 months and increase my income from the News trading. Cool Forex freebie from Forexeasystems fellows. Download plugin on official website. Link in source.

Source(s):

http://www.forexeasystems.com/forex-analysis-tool- fx-pulse

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Every news release is different, so there is no easy answer. However, most releases have the highest effect on the market during the first 45 minutes, and by the time you reach 120 minutes, the impact is usually over... except for trend changing events such as Central Bank speeches or Interest Rate decisions, which can last up to a few days.

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