I have been using baby oil for lubrication, as I can go a whole session without reapplication, and it has worked well for me. Not as slippery as lube but it is very cheap. If face and body oil works well for you, by all means, it'll be fine.
Follow these links and they will do a great job in answering most, if not all, of your questions. The first is a great starter routine and the second will tell you about all of the acronyms. JP's 90 Day Beginner Routine