(adsbygoogle = window.adsbygoogle || []).push({}); I am totally new to jailbreaking/modding ps3. I sold my ps3 a long time ago but just recently picked up a used one from a buddy for cheap. I've always been interested in it but now Im wanting to jump into it.

I am wondering
1.What is my first step?
2.Do I need to downgrade my ps3 first?
3.What is a good cfw?

what fw is the ps3 running on ?

4.66 Would I need an e3 flasher?

yes
you would have to downgrade your ps3 to 3.55 rogero downgrader with a e3 flasher

Do I need to downgrade to use homebrew?

Yes you do but you have to see if your ps3 is downgrade-able

ofcourse man..so u got a e3 flasher ready with u ?