I was looking for quite a long time for a easy way could start practicing reading. It is one side to practice the characters, but it is important to constantly read text to memorize all of the characters.
I got one day across the side from http://www.chinesereadingpractice.com. This side is a collection of different chinese poems and chldren stories. They got different lengths and are devided into Beginner, Intermidate and Advanced levels. Each of them got a small explanation to the story in english and have a list of vocabulary. It also gives the option to display the english translation and to see different meaning of individual words.
This side is the perfect resource to practice reading on a regular basis.