diff --git a/README.md b/README.md
index f6cdc13..0e911db 100644
--- a/README.md
+++ b/README.md
@@ -1,11 +1,71 @@
-# arduino-timetable
+arduino-timetable
+=================
 
 Module to send commands to an Arduino based on a time table.
 
 
-### Regarding Pyinstaller
+Regarding Pyinstaller
+---------------------
 
 As of September 2017 the Pyinstaller version on PyPi is not ready for
 Python 3.6 and / or multiprocessing. I stopped trying to use Pyinstaller
 for distribution. The experiment is still available in the `pyinstaller`
 branch.
+
+
+Installation
+------------
+
+As the only prerequisites, [Python (at least version 3.6)][python] must be
+installed. An added bonus points, if [git][git] is also available.
+
+The installation should be performed in a python virtual environment. A virtual
+environment (short: venv) isolates your base python installation from the
+application and vice versa. This procedure is considered a standard procedure
+when working with python applications and scripts.
+
+1. Choose the desired installation path (e.g. a folder in your home directory)
+2. Create a python virtual environment with `python3 -m venv venv-ardunio-timetable`
+3. Activate the environment:
+   - Posix: `source venv-ardunio-timetable/bin/activate`
+   - Windows: `venv-ardunio-timetable\Scripts\activate.bat`
+4. [Download][download] the 'arduino-timetable' and unpack it or use git:
+   `git clone https://git.cpi.imtek.uni-freiburg.de/holgi/arduino-timetable.git`
+5. Change to the new directory and install the software. I would recommend
+   to install the software as a 'development version', so that changes can be
+   made easily. Change to the folder where 'setup.py' is located and run
+   `pip install -e .`
+
+As of Version 0.1.0, this will also install one GUI-like application called
+'magnetictrap'. It is located at the following paths:
+
+- Posix: `<path to virtual environment>/bin/magnetictrap`
+- Windows: `<path to virtual environment>\Scripts\magnetictrap.exe`
+
+Don't move this file around. If you want to have a shortcut on the desktop or
+somewhere else, please create a shortcut, alias or symbolic link - whatever it
+is called on your system.
+
+
+Updating
+--------
+
+Find out if the installation was done using git:
+
+- Open a command line and activate the environment.
+- Change to the directory, where the 'setup.py' file of
+  the package is located
+- Issue a `git status` command. If the result is something along the line
+  `fatal: Not a git repository`, git was not used for the installation
+- Updating *with* git:
+  - Issue a `git pull origin` command to update the package
+- Updating *without* git:
+  - Delete the folder that contains the 'setup.py' file
+  - [Download][download] the software again and unpack it
+- Change to the folder where 'setup.py' is located and run
+`pip install -e .` again to installe the applications
+
+
+[python]: https://www.python.org/
+[git]: https://git-scm.com/
+[download]: https://git.cpi.imtek.uni-freiburg.de/holgi/arduino-timetable/archive/master.tar.gz