The best advice I can give you is to become a student to the styles or artists that you like, and spend time learning their chord progressions. Trance progressions are typically simple and repetitive, usually just using 4-5 chords (often with 7th and 9th extensions), and most often in pure minor keys. I don't listen to a lot of trance anymore, but I rarely hear much that is written in major keys or that employ cadences (e.g., perfect, half, plagal, etc.) in the classical context - not that they're non-existent, but I just don't hear them very often.
Having some music theory knowledge is certainly helpful, but having a good ear and spending a lot of time trying to developing your ear training skills is probably a lot more useful than learning classical theory. It seems like a lot of people put too much emphasis on theory, and fail to give equal time to the ear training and composition components (theory and composition are NOT the same thing), so it's important to approach it more holistically IMO. Your ears should help you identify the tonic chord, whether it's major, minor, or modal, and intervals (focusing on the bass notes is a big help here). Theory can help you rule out or identify the non-harmonic notes (i.e., notes that are outside the key/mode of the song) and help you narrow down the list of possible notes and chords that are based on the scale degrees. It probably sounds more complicated than it is, but with a basic understanding of scales/modes, how triads and extensions are built on the scale degrees, and consistent practice over a few months, you should be able to start figuring out the chords in almost any trance or pop within a listen or two. And, when you do, you'll quickly start to realize how many tracks share the same core chord progressions, but with their own little variations in voicing, extensions, melodic relationships, etc. That will give you a ton of starting points. Where you go from there depends on your own tastes, experimenting, borrowing other ideas and making them your own, etc.