I've searched online to a bunch of sites and I can't seem to find any real information about this game. I'm lvl 12 atm and i'm wondering how I should be statting and what an fb is and what dragon quests are and a ton of other stuff.
Send me a pm if you can answer some of my questions or just post here.
I'm playing on dreamweaver if that matters.

fb is instance, u get them at lvl 19 29 39 so on. wen ur 19 ull kno what iti s. and DQ is a quest where u gottah find a bunch of stuff that the quest says.

I also found a decent stat build, but i'm not sure how dungeons work in pw, is there a quick way to explain them? Not sure which ones are what levels and when I should do them and such.

http://janelh.wikidot.com/start
www.ecatomb.net
www.pwdatabase.com
http://asiapworld.com
http://1perfectworld.com

hope u find help

dungeons = fbs = call to duty. U´ll get them mostly when u hit x9.
Events are also more or less dungeons, instances
You can join dungeons with max a full party, u need a tank (wb, veno with herc) 1-2 Clerics (EPs) additional 3 DDs (WR(aka Blademaster(BM)),EA (Archer),MG(Wizzard),WF(Venomancer))
Lower lvl fbs are also soloable, depending on class and so on
There are few other dungeons like HH (TT on PWINT) place to farm nice green glowing weapons and armors
Godless Valley: Some kind of mobkill instance round based, if u survive it ull get also mats for better armors i think, not quite sure.

Just scroll through the websites, should give u some infromation