Water it "Fully" whenever it dries out. By "Fully" I mean pour a bunch of water through it until a bunch of water flows out the bottom of the pot. (Maybe more than your saucer will catch, so maybe do it over a sink). The goal with watering is to bring fresh air down to the roots, so you need more water than you think to really flush it well.
As for "whenever it dries out", I usually tell that by lifting my pot. I can tell when it gets lighter that the water is gone. You can also stick a finger in it, or a bamboo skewer, to see how moist it is under the surface. The goal for Phals is that they shouldn't ever be completely bone dry. (Although I def get to that stage in the winter occasionally, and just water a ton as soon as I notice it, so don't panic if it happens sometimes). I started out with the "touch" method, as I got more experienced I moved to the "lift the pot" method. (Also I have more orchids now so lifting the pot is quicker.)
Also, since you have the nice clear pot, you can sometimes see towards the bottom if there is still condensation down there or not. If I see condensation, then I know it has water.
---------- Post added at 09:26 AM ---------- Previous post was at 09:22 AM ----------
PS
Fertilizer, OMG, such a detailed topic! Basically, orchids don't really NEED fertilizer, they get most of what they need from the air and normal water. Think of fertilizer as "vitamins", not "food". Generally you should fertilize weakly (1/2 to 1/4 of whatever is recommended on the fertilizer jar) and do it maybe every couple of weeks? The going phrase is "weakly, weekly", but I know many growers who do it more like every other week. As you get more advanced, some types of orchids have seasonality to their fertilizer schedule, but for Phals, don't worry about that. Also, don't worry about "blooming" vs "regular" fertilizer, it doesn't really matter, just use regular all the time and you'll be fine!