First of all, welcome to the forum!
Click on Settings then General then Keyboard then you can shut off Auto-correction.
I wanna know how you do that. With the red arrow and all. Step by step. My own thread?
Remember, I am blonde. Or I was ~ so be nice!:D
Get a program called SnagIt and you can do that all day long...
Or if you want to do it strictly on the iPad, get Photogene. Take screenshots (you know how to do that), then edit the screenshot with Photogene. Save it as another photo, then upload it.
Is there any shortcut or workaround for skipping the suggested word aside from trying to tap the tiny x?
Yes, turn auto-correct off like how 1991-C4 explained above. Then you will never get the suggested words and little x.