I am having trouble understanding how to examine and plot a graph of a function given in parametric form.
I know how to examine and plot a graph of a real function with real variable in explicit form given by $y=f(x)$: domain, parity, null points, asymptotes, extreme points, inflection points. From this data, we can plot a graph $y=f(x)$.
For example, what are the steps to examine and plot a graph of real function with real variable given in parametric form, $$x=t^2-2t$$ $$y=t^2+2t,t\in\mathbb R?$$

Think about each of the terms. If we had only $$\pmatrix{x \\ y}=\pmatrix{t^2 \\ t^2}$$ we would simply have a straight line with slope $1$. This tells us that when $t$ gets large (when the squared terms dominate the linear), the graph will look like such a line. This additionally tells us that the graph is not a closed curve.
Now, what do the "anti-symmetric" terms $\pm 2t$ contribute with? Well, the $-2t$ for $x$ makes the otherwise straight line grow slower in the $x$-direction, and likewise with $y$, only with an increase in growth instead, so the graph should have a slope that generally larger than $1$ in the beginning.
Lastly, let's plug in some numbers! Your function starts at the origin, and $y$ always increases. $x$, on the other hand, actually dabbles in negativity between $0$ and $2$ (as can be easily visualized by imagining the quadratic function $f(x)=x^2-2x$). However, from then, $x$ is also always increasing. With this knowledge, combined with the fact that the graph should resemble a straight line after some time, you can kind of get an idea of what the whole graph would look like, namely: