Before you get started:
Download this.

Installation

<script src="jquery.js"></script>
<script src="typed.js"></script>
<script>
  $(function(){
      $(".element").typed({
        strings: ["First sentence.", "Second sentence."],
        typeSpeed: 0
      });
  });
</script>
...

<div class="element"></div>

Add this for the animated blinking cursor.

.typed-cursor{
    opacity: 1;
    -webkit-animation: blink 0.7s infinite;
    -moz-animation: blink 0.7s infinite;
    animation: blink 0.7s infinite;
}
@keyframes blink{
    0% { opacity:1; }
    50% { opacity:0; }
    100% { opacity:1; }
}
@-webkit-keyframes blink{
    0% { opacity:1; }
    50% { opacity:0; }
    100% { opacity:1; }
}
@-moz-keyframes blink{
    0% { opacity:1; }
    50% { opacity:0; }
    100% { opacity:1; }
}
 
Original Source: http://www.mattboldt.com/demos/typed-js/