Continental is holding the yarn in your left hand, english holds it in the right hand. I suggest that for now you knit whatever way is easiest for you. No matter what anyone tells you one way is NOT better than another. Some people are just more comfortable knitting one way over another way. I can knit either way, but prefer English and I'm pretty fast at it. You get faster as you become more comfortable and experienced.
Yes, you will learn to read your mistakes. Unless you need to rip out (aka frog) you can also learn to fix a lot of mistakes. A class is always helpful. My local yarn store has them so you might check there, too. Be aware though that some teachers will tell you that it's better to knit one method or that you must. That bugs the heck out of me. I learned from this forum and the videos here.
Are you following a pattern? Link to it if possible because its easier to help you.