There is only one main page for posts http://en.support.wordpress.com/posts/ in a blog and all posts will display on the main blog page. There is no way to exclude posts from the main posts (blog) page. The front page of the blog by default will display your posts (not pages) http://en.support.wordpress.com/post-vs-page/ in reverse chronological order, with the most recently published post on top.

Though there is only one dynamic page in a blog for posts and we cannot post to more than that one page, we can create the appearance that we have posted to more than one page. We organize posts by assigning categories to them. You can create a custom menu and add the dynamic continually updating categories pages created by the software into the custom menu.
http://en.support.wordpress.com/posts/categories/
http://en.support.wordpress.com/menus/
http://en.support.wordpress.com/menus/#adding-category-pages-to-your-menu

Here’s a link to a custom menu walk-through > http://onecoolsitebloggingtips.com/2011/08/11/wordpress-com-custom-menu-walk-through/

There are many common errors, misunderstanding and misconceptions when creating custom menus and you can read about them here > http://wpbtips.wordpress.com/2011/12/19/custom-menus/

If you do not want all the posts to show on the front page, then you can create two pages ie. a static front page example “Welcome” for your site and a “Blog” page for posts.
http://en.support.wordpress.com/pages/#create-a-new-page

After you do that you go to > Settings > Reading and make the designation change and click “save changes”.
http://en.support.wordpress.com/pages/front-page/

Front page displays
_Your latest posts
_A static page (select below)
Front page:
Posts page: