See the new version of this tutorial.

The video is here: https://www.youtube.com/watch?v=UxVhe3J7eGw

1. Draw some letters and create a digital image of the drawing.
2. Create a new font and select the first glyph in the overview tab.
3. Insert the background image.
4. Scale background image.
5. Move the background image to it's position.
6. Move x-height, baseline and side bearings to their positions.
7. Select the pen and and right-click to add control points.
8. Hide the background image.
9. Hold down shift and select all nodes in-between the corner nodes.
10. Create smooth curves by tying handles for the selected control points.
11. Align all paths with the background image.
12. Create a counter path.
13. Look at the result. (Ctrl+P)

Don't forget to updated name and description.