So you're saying that you installed the PostGIS extension ? (CREATE EXTENSION postgis;)
If so, you have to add a column geometry whith the following function:
AddGeometryColumn(varchar table_name, varchar column_name, integer srid, varchar type, integer dimension, boolean use_typmod=true);
So if your table is named myTable:
SELECT AddGeometryColumn('myTable', 'geom', 4326, 'Point', 2);
(You can choose the SRID of your choice)
Once your column is created, you have to set all the values:
UPDATE myTable SET geom=ST_MakePoint(longitude, latitude);
Or to be more precise, you can create a point marked as WGS84:
UPDATE myTable SET geom=ST_SetSRID(ST_MakePoint(longitude, latitude), 4326);