Hello and welcome,
Just bought it and no idea!
That's cool, its a fun but dangerous tool, but don't let that stop you, just respect it. Did you get any bits with it? I think it would be a good exercise to use a bearing bit
to go around the edge of something, even the straight edge of a scrap piece of plywood so you can profile it. Be sure to start with a small bit
, don't go get some 2 1/2"-3 1/2" bit. Also, be sure you go AGAINST
the cutting direction of the bit, you want to feed the wood into the bit, DON'T
let the bit walk along the wood or it will run
out of control.
Get a carbide tipped "ogee" bit, or a "round over" bit, either one with a bottom bearing, you'll use these again in the future. You can start out with a 1/4" shank, but as you learn and build your collection of bits you may want to begin investing in 1/2" shank bits, (and stick with carbide tips).
Also, hand around here and read the posts, present, future AND past, there will be a lot to pick up on.