You can refer to the android designer guide for fragment transaction: http://developer.android.com/guide/components/fragments.html
Specificly the snippet below:
// Create new fragment and transaction
Fragment newFragment = new ExampleFragment();
FragmentTransaction transaction = getFragmentManager().beginTransaction();
// Replace whatever is in the fragment_container view with this fragment,
// and add the transaction to the back stack
transaction.replace(R.id.fragment_container, newFragment);
transaction.addToBackStack(null);
// Commit the transaction
transaction.commit();
So yes, what you are doing is the correct approach in replacing fragments.