How I can get some data from TXT. FILE using an SD Memory?

Hi I'm trying to get data from an TXT. file.... for example:

I created a TXT. File in a SD Card, and I called it "PARAMETERS.TXT" this file, I fill it out with some tags like colors, example. in the first line I wrote Yellow, then in the Second Line I wrote Blue and Finally in the next line I had wrote Black.

So I want to Read this File and get this data in my arduino. how can I do this, somebody can help me???

Read about the SD library: SD - Arduino Reference

Use the SD library to open the file on the SD card. Read characters from the file. Interpret those characters however you want. Typically you would have some kind of END-OF-LINE marker character. Read characters into a buffer until you reach the END-OF-LINE character. Compare the buffer to the possibilities you are expecting and behave accordingly.