Memorizing the charges of elements in the periodic table can be simplified by recognizing that elements in the first column form +1 ions and those in the second column form +2 ions. Transition metals have variable charges, so it's best to refer to a resource for specifics. Elements on the right side typically form negative ions, with column 7 forming -1 ions and column 6 forming -2 ions, while noble gases do not ionize. For naming inorganic compounds, the charges of the ions can be crossed to determine the formula, and suffixes like -ide are used for non-metals in ionic compounds. Understanding the octet rule helps explain why metals tend to lose electrons to become positive ions, while non-metals gain electrons to become negative ions.