To calculate the terminal velocity of a simple electric train moving in a coiled copper wire with magnets, one must consider the forces acting on the train, including magnetic forces and resistance. The terminal velocity occurs when the net force on the train is zero, meaning the magnetic force equals the drag force. The discussion emphasizes the importance of understanding the interaction between the magnetic field and the electric current in the wire. Additionally, participants are encouraged to share their own calculations and methodologies to enhance the understanding of the topic. Engaging in collaborative problem-solving can lead to more accurate results and insights.