This panel is like a cutting board where you set your in and out points before placing the clip on the sequence using the insert button, the overwrite button or drag and drop.

This is where you import and organize all your media, titles and sequences. You can switch between list view that contains information about your media or icon view that lets you see the media

This is where you control or adjust your Effects. It is often nested under the Source monitor.

This panel is where you assemble, edit and apply effects/transitions to build your video.

This panels show the volume of your audio represented by colored bars.

This is the panel that contains all the editing tools.