The diagram is a distance time graph for a train journey from A to B .
Let's say I want to find the speed of the train at 08 08 .
How do I go about doing this ?
Why I can't take the total distance travelled by the train from 0800-0808 the divide it by 8 mins ?

What you suggest would calculate the average speed over that time.
To calculate the instantaneous speed, find the slope of the tangent to the curve at the time you want.