Does anybody know if it is possible to translate an e-book form German to English? & if you can,how do you go about it?
If you mean translate automatically, you won't like the end result much, unless all you need is a vague idea of what the text is about, or if Google has a correct human translation of your text indexed, in which case the output'll be fine.
That said, here's the simplest way to do it:
1- If it's not already a .pdf, convert your epub or .mobi or whatever format your ebook is in to a pdf file (ex: using the free program Calibre).
2- Upload the pdf to https://translate.google.com/#view=home&op=docs&sl=auto&tl=en
3- Specify the source language (German) and the target language (English).
4- Get your output file, which will be an automated translation of your book in your browser.
5- Print as pdf to save it.
Note: since a book is large, Google translate will take a while to finish the task. You may want to do one chapter at the time, plus it'll give you an idea if you really want the whole book in English.
I hope this helps