"Who me? Why would I compost? It must be gross and difficult." I had the same thoughts at first but have since realized how simple it can be. Composting reduces your amount of wet trash and provides great nutrients for your garden or lawn.
I read up a little before I started (which scared me because of the specific dynamics and terminology) and realized that I would do a simplified version just to see what happens.
And boy did it happen. I now have dirt for my flower beds and enough for a small garden. I also don't have to worry about some of the trash stinking up my garage, since most of my fresh stuff goes into the compost pile. (One major exception is never to compost meat - no meat or meat by products of any kind. Rotting meat will attract raccoons, coyotes, turkey vultures and bears.)
There are many ways to compost: you can build a fenced-in area in your backyard, purchase bins, build bins to hold the compost or place it in an old trash can with a lid. You want the compost in a controlled area and away from children playing in the backyard.
There are MANY web sites for home composting and most have the same information. One good site is: http://www.recyclenow.com/home_composting/index.html. It will teach you the very basics of home composting and answer many of your questions.
The EPA has a wonderful online pamphlet for composting. You can see it at: http://epa.gov/waste/conserve/tools/greenscapes/pubs/compost-guide.pdf
I hope that this information helps you if you are interested in composting. If you aren't quite ready, read about it and see if it is something you might do in the future.