DBCherry has covered the basics pretty well for you. I agree with what is said. In my area the Eagle 63 Old Version and the Eagle 2 New Version of this trainer are popular and a true kit for the novice. You will find the instructions very helpful to complete the plane. I have built a half dozen of these over the years with never problem one.
One word on power. As this is a trainer with a flat bottom airfoil the more power you give it the faster it climbs. the less power it starts descending. Over the years I have seen different people use all sorts of engines. For someone that is just learning a good reliable 40 size engine using a 10X6 prop seams to be the ticket with this airplane. Also use a spinner as recommended. Spinners do save engines on the unexpected bad landing. In the instructions you will find a few pages about teaching yourself to fly, DONT. Get yourself someone to teach you how to fly. This is a very forgiving trainer and treated properly will last a long time.