Bad Algae Problem, HELP ID PLEASE!!!

I am having major problems with this algae that is pictured below. I am not sure what it is but I am sure its not good at all and dont know what to do. I am new to all this and it is driving me nuts. Please help, I am lost and scared I am going to lose my tank. Thanks for any help...

 

Looks like plain old cyano to me. More of a nuisance than actually harmful (unless it's overgrowing coral, then it can kill them as they struggle for nutrients and light).

You (most likely) have a phosphate issue either from over feeding, impure water (not RO/DI water), or phosphate leaching from your rocks. The best way to get rid of it is one or more of the following:

Use only RO/DI water that you have tested to have 0 TDS.
Get some GFO and use it either in a power filter or a reactor.
Cut down on the amount you feed. Over feeding is usually the #1 reason for nuisance algae problems. When I had fish I fed twice a week, and except for Green Chromis, they all lived at least 5 years. Not that 5 years is all that impressive, but it does illustrate that feeding twice a week is not starving your livestock.