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Hi Novelette,
Great question…As you progress through Tony’s challenges, each week he’ll reference a certain types of chords especially during the rhythm challenges. After a while, when you see the number sequence in the TAB – you’ll know which chord he is playing. I’ve been writing them down as I come across them as a quick reference. The most popular chords you’ll come across are: G, C, A, A minor, E, F, D and D minor. I gave you the number sequence reading from top-to-bottom on the TAB. There are others, but if you can get these under your fingers – you pretty much know how to play majority of the songs and makes it easier to read the TAB.
Also, if you print out today’s daily challenge “Punch It”, you’ll observe various symbols above the TAB. To help you if you’re at this point – they mean the following: “M” or something that looks like a bridge means to strum down, “V” it means strum upwards, “sl” means slide, “H” means hammer-on, and “P” means pull off. You might not be here yet in your journey, but this will come in handy soon.
The CAGED system is something else and is taught in Tony’s Fretboard Wizard course (which is extra). CAGED allows you to move around the fretboard in various types of finger positioning – “C”, “A”, “G”, “E” and “D” – kinda like power chords. It is vary powerful but it also requires the ability to use Barre chords which as a beginner is hard until you can get the finger strength and dexterity. Also Fretboard Wizard goes into how the Nashville Number system works which is necessity if you want to jam later on.
I don’t know if I answered your initial question, but as you move along the course just ask. In the Daily Challenge, the forum is very active and many will come to your aid if you need assistance. It’s a lot to take in first, but once you get comfortable – it becomes easier in time. Good luck!!