Johnny2pips (why not 200pips??), I suggest you go over to 100Forex Brokers.com and read some rather concise explanations on trading forex.
I have found the articles there extremely useful to me (when I started out on on my forex journey) and I am very sure you will too.
Hang in there and don't give up on forex trading just yet!
Thats a good site for info , my issue is with the reviews and recomendations
For news trading :
Gain Capital Group (Forex.com) 2% (2 votes)
if you try news trading with forex.com you will get incredibly fast execution , with an instant requote, you can bypass this by using a 30 pip margin.....useless
MB Trading 4% (4 votes)
Great broker. the issue is with the speed of execution , i had a 50 second delay while placing a trade at news time.
on fpa and 100forexbrokers.com HotForex.com gets great reviews , looking through the site i notice that they ban the use of FapTurbo.
Fapturbo is one of the few Ea's that can in the right hands , work without cheating. Alarm bells ringing!!!! Why would a broker that makes money on the spread ban a ea that can work ?
I predict seeing them in the traders court pretty soon.