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Answer: Traversing a list means going through every element of the list sequentially, one by one. To do this step-by-step using an example, follow these steps: 1. Understand the concept of traversing a list: Traversing a list is used for various operations such as searching an item, finding the sum of elements, or sorting the list. 2. Choose a suitable representation for the list: For example, use a simple list of 5 elements [10, 20, 30, 40, 50]. 3. Use a loop to traverse the list: The most common way to traverse a list is to use a loop, such as a "for" loop or a "while" loop. In this example, we will use a "for" loop. 4. Set up the loop and iterate through the list elements: Use a simple for loop in Python to traverse the list. The loop will go through each element in the list and print its value. For example: ``` numbers = [10, 20, 30, 40, 50] for number in numbers: print(number) ``` This code will output: ``` 10 20 30 40 50 ``` This demonstrates traversing the list, as we have visited and accessed each element of the list one by one in an orderly manner.