Is there a chance that i can change my ringtone?

I have a ringtone that is located in music. How can i make that my ringtone? I'm using iphone 5.

Sorry i can't help you, but i think just go in settings that you will find

Download a app. There's tons of them out there, and they'll walk u thru it step by step. Another way is to do it on your computer thru iTunes. First u chop the song down to 30 secs or so by going into the "get info" tab and set your start n stop time. Then create a AAC copy, drag that to your desktop, and change the file name from a mp3 or 4 to a mpR. Leave that on your desktop, go back into iTunes, delete the AAC copy and change your start n stop times back to norm. Then drag the mpR file into the ringtones tab and that's it. You can find the how to vid on Cnet.