1) Load your image to any location on the internet like your own site or a free photo uploading site (Picasa, Photobucket etc.)
2) Copy the image url - example the URL for the image below is
"http://jugalbandi.info/wp-content/uploads/2009/03/chicagosmall.jpg"
Type the following code
{img src="your pic URL" alt="" /}
and replace the curly brackets { and } with
< and >