[Theme Horse Support Team]

Hi Ed,

To show images in post you need to add the featured image. View this screenshot.
http://www.awesomescreenshot.com/image/204917/746a02a22c49fc7aeedf9b61ecec2d92

To hide readmore button use this CSS inside your custom css.
Go to Appearance -> Theme Options -> Design Options Tab -> Custom CSS paste the following CSS code and Click on save all changes button:

a.readmore {
  display: none;
}

This may help you

Thank you!