Hey, welcome to the forums!
What are you trying to learn? There are many aspects to subbing and some are very difficult and some not so difficult but time consuming. I definitely can't teach more of the complicated things, as I haven't even learned them myself yet. I picked up fansubbing around a month ago and the only thing I started out with was my Japanese to English knowledge. I had to learn everything else by myself. People helped me on the way though
As for Monochrome Factor, if you ignore the events that happen in episode 1, you will enjoy the series. I don't think it's too bad. It could be better if they cut some of the talking out and put a little more action in. While in the female's perspective, they want to cut the chat and have more shounen ai.
Enjoy the forums! I hope it becomes active as well.