As a newbie, and everybody starts off as one so don't take it with any negative meaning, you need to start off slowly. Prospecting for gold is probably the most difficult and challenging aspect of the hobby, so for now set that goal aside.
Also starting off on an old homestead can be very challenging, not really a good place as they are usually filled with iron trash of all sorts. But if that's what you have access to then approaching it carefully may keep you from becoming frustrated.
The areas surrounding the residence, barn, sheds etc can be pretty nasty with iron, so stay away from the center of the homestead until you learn more about the detector and detecting in general. The heavy trash area can extend out in a radius of several hundred feet, including possibly the "family dump", which will drive you insane with all the rotted tin cans. Starting out at the perimeter where you find a target every four to six feet will give you a much better chance of getting to know the detector and how it responds to targets. As your confidence and skill builds work your way inward towards the center of the site.
You ARE going to dig iron, and lots of it. If you start becoming frustrated, stop, take a breather, or quit for the day, and go home thinking about how you and the machine have interacted. If you're really feeling you've hit a brick wall of sorts, bury some coins in a trash free area and practice. One bit of warning though, some your Canadian coins have a steel core, don't practice on those! Use all copper, or silver coins to practice with. This advice is just that, advice.
Feel free to come on back and ask questions, there's some guys on here older than the dirt you're diggin' in.
HH
BarnacleBill