It's a great time to learn now, as there's a lot of info out there on your parts. Though these other guys know what they are talking about, it doesn't help you any if you don't know what they are talking about, so make sure to ask what you don't understand.
Overclocking isn't too hard a concept to understand. You'll find out that the base clock is what controls the speed of your CPU, RAM, and QPI. Each of those things have a multiplier that works with the base clock thus resulting in a certain speed (i.e. 400 base clock with a CPU multiplier of 8x results in a 3.2ghz OC). Higher speeds will need higher voltages and this is what causes more heat, thus the need of an aftermarket heatsink.
There are a lot of threads on your CPU, so try to google your CPU and motherboard to find out what settings you will typically see and try them out for yourself. If you need help in overclocking, I can try looking up your BIOS menu and suggest settings for you. Though I don't have experience with that motherboard, my lady has the same CPU but with a gigabyte motherboard. She only has an Arctic Cooling Freezer Pro 7, but it allowed her to get up to 3.4ghz without overheating. I'm sure if you have something equivalent or better, you can reach that same speed.
Hope you enjoy your new monitor and if you ever want to get into overclocking, try overclock.net for more info.