To start learning Hot Potato - Propose chords, build your understanding on these basic chords - D, A, Bm, E, F#m, C#m, D, E, A and E in sequence. A strategic approach would be to train at 58 BPM initially, and then accelerate to the song's tempo of 116. Given the song's key of A Major, adjust the capo to align with your vocal range and chord preference.