It's nice to see other soapmakers out here. :)
I make handcrafted soap from lye and fats/oils.
The key, imo, to making soap (as above) is to have an accurate scale, and to follow safety protocols about using lye. One of the best "newbie" sites, imo, is Miller's Soap page:
http://www.millersoap.com/
One of the really nice things about the Miller's Soap site is that it offers you the chance to make soap without a scale, using a tried and true recipe.
There are recipes there you can try and that don't use high-end/super expensive ingredients. I would recommend doing a few batches of "grocery store" soap before spending a lot of money on ingredients.
I've made cold process soap, and hot-process soap (oven hot process and crockpot hot process). I like hot process better, because I think you can a reliable product more quickly useable (rather than w/ cold process, having to wait weeks for it to finish curing), and avoid the pitfalls of finicky ingredients like fragrance problems affecting trace. However, the process takes longer to do (45 min-1.5 hour) to "cook" the soap, rather than 15-30 for cold process to take it to trace.