I am just now learning about and using bitcoin. So my question is, if I want to publicly display my bitcoin wallet adress somewhere to receive monies (BTC) is there any way for that wallet address to be traceable back to me and they can find out who is the owner of that BTC wallet address?
Every Bitcoin transaction is traceable. If you publicly give out a Bitcoin address that makes it even easier to tie that address to your identity -- especially is that "public display" is on a web page indexed by Google or some other search method as then it is as simple as Googling that address.
For improved privacy, use a different Bitcoin address for each transaction (i.e., give out the address for each request). There are techniques to obtain =an even greater level of privacy (e.g., shared send from Blockchain.info/wallet, or mixing service).