Image source: mobygames.com
Facts
In the beginning, you can pick one of 5? different schools of magic, and then you only have that type of magic. I'm sure you'll get to pick more when you level up.
The King's castle is to the north of the starting area.
The King gives you 100 gold and a short sword.
The Inn restores your health for 2 gold.
The Inn also acts as a save point for your progress.
You have to arm your weapons and equipment using the menu. When you've done it correctly, your character portrait shows the equipment on the character.