Din Rahman,

(LONDON) 

A. Eid Salaah is Wajib on every sane Muslim male. According to the Hanafi Fiqh, Eid prayer has two rakaahs to perform in the normal way, with the only addition of six Takbirs, three of them in the beginning of the first rakaah and three of them just before Ruku in the second rakaahs The more detailed way of performing the Eid prayer is as follows: 
 
The Salaah will begin the prayer without Adhaan or Iqaamah. The Imam will begin the prayer by reciting Takbir-e-Tahrimah, also known as Takbir-e-Oola (Allahu Akbar). You should raise your hands up to the ears and reciting the Takbir, you give a little pause during which you should recite Thana (Subhanak Allahumma.......)· After the completion of Thana the Imam will recite Takbir three times, and after reciting each Takbir in a low voice, you should bring your hands down and leave them earthwards. But, after the third Takbir, you should set them at below your navel as you do in the normal prayer. 
 
After these three Takbirs the Imam will recite the Holy Qur'an, which you should listen to attentively and quietly. The rest of the rakaah will be performed in the normal way.  
 
After rising for the second rakaah, the Imam will begin the recitation from the Holy Qur'an during which you should remain quiet. When the Imam finishes his recitation, he will recite three Takbirs once again, but this time it will be before bowing down for Ruku. At each Takbir you should raise your hands up to the ears, and after saying ‘Allahu Akbar' bring them down and leave them earthwards. After these three Takbirs have been called and completed, the Imam will say another Takbir for bowing down into the Ruku position. At this Takbir you need not raise your hands, but, simply bow down for your Ruku saying, 'Allahu Akbar'. The rest of the Saalah will be performed in its usual way. (Followers of other school of Thoughts should consult their scholars regarding Eid Salaah). 

(VERILY, ALLAH TAA’LA IS ALL-KNOWING!)