Main importance is salinity(1.023-1.025), calcium(420-450 ppm for skelaton formation), alk, ph(8.2-8.4), iodine(for invert molting and coral reproduction) and magnesium levels. These are the things you definitely want.
Now some things you don't want:
Ammonia, Nitrate, Nitrite, Phosphate, and copper.
Corals do not only use photosynthesis through zooxanthellae, but many also like to eat. I feed my corals througha baster for spot feeding. I only feed mysis (not the 85%water one, the one with almost all mysis) mixed with coral vibrance. Once to twice a week depending on how they are looking. Be careful not to overfeed too much because this can bring some problems I talked about earlier.
My suggestion is take your time and get everything settled down and within range before adding anything but live rock and sand. Take a month or two to read up on what type of corals you're planning on having and the requirements they need to survive. Don't buy anything without reading at least two different sources description of the animal...many times one won't tell you what another will.
Last but not least...enjoy!!!!!!!! This is an amazing hobby, but takes some time, money and patience. It takes a special person to kepp, maintain, and grow corals. But let me tell you, the work you put into it pays off so greatly. It is such a rewarding hobby. And on the bright side, it doesn't only steal your money...it can actually start making you money a few years down the line.
As my friend always tells me says, "Reasearch first, rewards later"