Assuming you have a DVD burner on your laptop, just burn the iso to a DVD disk. The iso contains the bootloader that will boot the DVD when you reboot with the DVD disk in the drive. If it runs as a livdDVD, you can try out Fedora without installing anything, though it will run slower than an installed OS because files have to be de-compressed before they will run. But you should be able to do all that you could do with an installed system.
If you want to go directly into installation, you will probably be given a menu of options from which you elect to install. You will have various dialogue screens presented to you to setup your locale, prefered language, keyboard, partition to install into, and filesystem to use (ext2, ext3 [ext2 with journal: makes it easier to recover from unexpected loss of power and system corruption], reiserFS, and a few others. The most popular filesystems seem to be ext3 and reiserFS. I suggest you do a bit of research into the pros and cons of each before choosing which to use.
Fedora will probably install the grub bootloader to boot Linux. If you want to boot either Linux or windows, the installation will write the config file to give you the choice when you turn on the computer (if windows is currently installed. If not, and you want to add windows later, you will have to edit the /boot/grub/grub.conf to add windows to the menu). If you only have Linux on the machine, then grub will only show you Linux with a default timeout of 8 seconds (I think it's 8 seconds) then boot will resume. You can override the default by simply pressing <enter>.