Signing up is easy if you have a gmail account (Which I guess you already have if you use the "Blogger" platform to blog).
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You can see the panel on your left once you log in. You can choose to see the sources the visitors come from (like search engine, reference sites etc) in a pie chart. You are at liberty to see the visitors on day, week, or month basis (Just click on the buttons on the top right corner above the graph). Also you can see the technical profile at the bottom of your panel.
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You can paste the tracking code into your blogger HTML code too just to enhance tracking by Google Analytics.
If you have any questions, feel free to ask anytime. Also if you like my blog, subscribe to it or follow it. We can have a link exchange program if you want.
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