I am absolutely chuffed that my moniker has become a byword for the relentless pursuit of Fantasy NFL drafting minutiae. My visage shall be bathed in a warm aspect and sporting a satisfied glow all evening.
We're randomly ordered 1 through 12 in terms of our draft position. It (obviously) goes 1-12 in the first round, but in the second round the order is reversed, so #12 picks first in the second round (and #1 picks last), and so on.
You see the list of available players (Yahoo has different options to look at who is available--all players, or broken down by positions, then in order of their rankings, or alphabetically). When a player is drafted, they'll disappear off the board.
Does that make any sense at all? Usually you can "enter" the draft 10 minutes ahead of time, and you can select players to put in a little queue window at the bottom of the frame, so you can just draft from that list when your turn comes around. When you get into the draft, it'll make sense--it's pretty intuitive.