As you can observe, the phonetic template resembles another language, but if you patiently learn English, it will be an effective tool for you to study pronunciation.
Every time you open a dictionary, you can find the standard pronunciation of words you may not know by looking at the phonetic symbols right next to the word. However, understanding the phonetic chart is not an easy task.
In the phonetic chart below, we would like to introduce to you most of the basic sounds in English. In conversational English as you already know, many words can have the same pronunciation but different spellings with different meanings. For example: 'two and too', both words are pronounced /tu:/ Sometimes words (parts of words) are spelled the same but pronounced completely differently like the cluster 'ough' in words 'thought, though, bough, and through'.
Another important factor in pronunciation is how words are stressed. Understanding the phonetic template will help in your pronunciation learning process, especially for those who do not have the opportunity to learn from teachers.
Below is an illustration of texts transformed into phonetic symbols:

A passage written in phonetic form:

That passage means:
There is a police message for motorists in the Barnet area of London. A lorry has shed its load at the Apex Corner roundabout on the A1. You are asked to avoid the area as much as possible. South-bound traffic will be diverted for the next two hours. That is the end of the message.
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