I do not know how to position the timeline cursor. That is if I want to move the cursor 5 ticks to the right or left what do I do? Any help would be appreciated. Thanks.

Welcome to the forum. Turn off the snap to grid and place your mouse where you want it. 
 

John, Thanks.  What I need to know is that how can I position the time line cursor precisely. Suppose my now time is 14:14 and I want to position the cursor on 14:17.  I cannot position the timeline cursor using the mouse.

The time line is your friend. This is where you see all the measure numbers. Its at the top of the clips pane.
 
You should be able to place your mouse anywhere on it. This will bring the Now Time line to that point.  Its a left click.
 
There is also Aim Assist. X will toggle it on and off.

Shortcut key is G and type in the time.

Thank you so much. But still I cannot seem to move the cursor line.  I have an old cakewalk professional 8 program in which I can use the now time beat tick clock to position the cursor, but I do not see that feature in producer. What am I missing? I am really naive.  I just want the time line cursor to move where I want it to. That is all. Regards.

You might try expanding the view in your track which will make the wave form much bigger in track view.  You should be able to more easily zero in on your targeted spot that way.  The timeline changes scale as you zoom in.  As above, make sure that snap to grid is off.
 

The time line is sensitive to where you place your mouse. If you place it in the wrong place it wont do what you want it to do.  You need to be on the part with the numbers for the measure if that is the time type you have for display. (It can display other types.) This is very simple and shouldn't cause any trouble to do. 

I think that the "G" Goto key only works in M:B:T.  If you want to move in SMPTE time, it's not going to help you, AFAIK.
 
To move in M:B:T, type "G" + "4.2.480" for example and it will take you to 4:02:480.
 

To change the Goto dialog to SMPTE, select the "Display All Times as SMPTE" in Preferences > Customization > Display