How to perform Tarawih prayer at home, what is its time, and what is its reward?

The time for the Night Prayer (Qiyam al-Layl) in Ramadan is from after the 'Isha prayer until the appearance of dawn. The best way to perform it is as authenticated from the Prophet, peace and blessings be upon him, in the hadith of Aisha, may Allah be pleased with her, that he would not exceed eleven rak'ahs, whether in Ramadan or otherwise. He would pray four, then four, then three. One should be diligent in performing this prayer due to its immense virtue mentioned in the hadith: "Whoever stands (in prayer) during Ramadan with faith and expecting Allah's reward will have his past sins forgiven."